Supporters of religious leaders Ram Rahim have gone on rampage in Panchkula in Haryana after a court there convicted him of rape. At least three supporters of the guru have been shot dead by the police so far. UPDATE – The number of dead has reached eight and injuries are in their hundreds. According to […]
Former Infosys CEO Nandan Nilekani, who took over as Chairman of the company to resolve the tension between key shareholders and the management, said he did not join the IT company to run it. He said he was not in the company to step into the shoes of Vishal Sikka, the CEO who resigned last […]
China’s BBK Electronics, which sells its smartphones under brands such as Oppo, Vivo and OnePlus, has emerged as the top smartphone seller in India, dislodging Samsung which had been on top for six years. Samsung, however, continues to be the top feature-phone brand in the country. Between its three brands, BBK Electronics had a total […]
The Mukesh Ambani-led telecom operator is likely to start prebooking for its JioPhone device at 5:30 PM today, according to sources. Booking can done in four ways — using the company’s website Jio.com, using the MyJio app and by going to a either a Jio Store or any multi-brand store that sells the device. Customers […]
State-owned Oriental Bank of Commerce said it intends to raise Rs 500 cr by selling bonds. “The Bank intends to raise Tier 1 Capital through Private Placement of Basel III Compliant Additional Tier 1 Bonds of Rs.10,00,000 each at par aggregating to Rs.500 crore with an option to retain over-subscription of up to Rs.500 crore,” […]
A group of 39 Islamic missionaries have been arrested for door-to-door distribution of religious pamphlets that said, among other things, that people who worship multiple Gods will burn in hell. The volunteers of ‘Mujahid Wisdom Global Islamic Mission’, who were distributing the material in villages near Kochi, were arrested on complaints by local RSS activists. […]
State Bank of India, India’s largest commercial bank, has waived processing charges on car loans till the end of the year, while halving the charge on some personal loans till Sep 30. The bank did not specify the new rates. It already has zero processing fees when someone transfers a home loan from another bank […]
OnePlus, the Chinese smartphone maker, said it has started selling the 8GB version of its flagship phone on Amazon from today as part of its “Super Seller Week” on Amazon. The event will last till 25th August. There will also be some offers on the regular OnePlus 5 and OnePlus 3T, it said. The 8GB […]
Infosys Ltd director board today came out strongly in support of ex-CEO Vishal Sikka and issued a strong rebuttal to a letter released by Infosys founder Narayana Murthy. Earlier in the day, Murthy was scathing in his review of the actions taken by the company and its board in addressing concerns of poor accountability and […]
Infosys co-chairman Ravi Venkatesan today assured investors and employees of Infosys that the changes brought about by Vishal Sikka will not be rolled back or lost with the exit of the CEO. Venkatesan was speaking at the press conference organized by the company to address worries about the resignation of the CEO. He also said […]
Kerala’s snaking long queues in front of its liquor shops — the state’s only source of alcohol after bars were banned in 2014 — are almost as famous as the backwaters and beaches, but some relief may be on the horizon for hapless liquor buyers. As there are only about 340 liquor shops in a […]
Dish TV, one of India’s biggest DTH operators, has slashed the rates of HD and standard-definition channels to Rs 17 and Rs 8.50 each, plus a tax of 18%. Together, the cost of a single HD channel would come to around Rs 20 and that for a regular channel will come to Rs 10. The […]
Eight months on, the Reserve Bank of India is yet to finish verifying and counting the 500- and 1000-rupee notes surrendered by the public between Nov 8 and Dec 30, 2016, the finance ministry said in a statement on Aug 11. UPDATE: About ten days after this article was published on Aug 17, the government […]
The write-off of farm loans in Uttar Pradesh and Maharashtra seems to be encouraging farmers in other states to stop paying back their farm loans to make sure that they will get the benefits of any farm loan waiver program in their state. This has led to a sharp increase in farm loan defaults for […]
Mitashi, the Mumbai-based brand, has launched what has to be cheapest curved TV in India — a 32-inch model priced at Rs 28,000. It also launched a larger, 39-inch version at priced at Rs 40,000. Both are ‘smart TVs’. “The big idea was to enter the as-yet unchartered territory of smaller Curved LED TVs and […]
BSNL, the state-owned telecommunications company, said it has decided to extent the benefits of all special recharges to its subscribers even when they’re roaming. So far, these special tariffs were available only in the home location. For example, STV 349 which offers unlimited voice call to any network only in home LSA, now the benefit […]
A medical student in Kerala was fined Rs 5,000 and his car impounded for three days after the driver of a State Road Transport Corporation bus complained that the student forced the bus to go slow. Faizal, from Azhiyoor near Mahe, was accused of blocking the way and forcing the ‘Lightning’ service bus to go […]
Even as attempts are made to lower the consumption of Chinese products in India by a section of the population, Xiaomi said it has sold 50 lakh units of Redmi Note 4 smartphone in India in six months. A total of 100 mln smartphones are expected to sell in India in 2017, and going by […]
Kerala’s fourth international airport at Kannur is very close to completion, with 95% of the airside works and 90% of cityside work completed, the government said today. Airside refers to the runway, bays, traffic control tower and so on, while city-side works refer to civilian construction components such as the parking area, approach roads and […]
SpiceJet reported an 18% growth in its net profit for April-June period at Rs 175 crore, the company said, making it the 10th successive profitable quarter for the airline. Total revenue from operations were Rs 1,869 crore, higher than Rs 1,521 crore for the same quarter last year. Before taxes, finance charges and other non-operating […]
