Business

Uber hit with Australia class action ahead of stock listing

Global ride-sharing firm Uber on Friday faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia. Thousands of cabbies are alleging that Uber gained an unfair advantage…

Economic growth may have slowed in 2018-19: FinMin

The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment and muted exports, a finance ministry report has said. The Central Statistics Office (CSO), which released the national account data…

PepsiCo to withdraw cases against Gujarat potato farmers

Food and beverages giant PepsiCo India said on Thursday that it will withdraw the cases it has filed against potato farmers in Gujarat for allegedly growing a variety of the tuber for which the company claims Plant Variety Protection (PVP)…

Highest-ever GST collection in April at Rs 1.13 lakh crore

The total gross GST revenue collected in the month of April, 2019 is Rs 1,13,865 crore of which CGST is Rs 21,163 crore, SGST is Rs 28,801 crore, IGST is Rs 54,733 crore (including Rs 23,289 crore collected on imports)…

Indian startups now building products for the world: USISPF

Having graduated from coding or emulating the concepts invented in the west, startups in India have entered a new phase wherein they are successfully building products for the world and raising money from the west, according to a top India-centric…

Eric Schmidt leaves Google board after 18 years

Google-parent Alphabet said Tuesday that Eric Schmidt, who was chief of the internet giant for a decade, will leave the board in June. Schmidt, who turned 64 this month, stepped down as chairman of the Alphabet board at the start…

Vijay Mallya repeats offer of ‘100 per cent payback’ for Indian banks

Embattled liquor tycoon Vijay Mallya took to social media on Monday to lament the collapse of Jet Airways and repeated his offer of a “100 per cent payback” for state-owned Indian banks to cover his now-defunct Kingfisher Airlines’ debt. The…

India’s industrial production affected by election-related uncertainty: D&B report

The decline in economic growth momentum in October-December quarter of FY19 is likely to continue, largely owing to election related uncertainty, says a report. According to Dun and Bradstreet’s (D&B) latest Economy Forecast, subdued consumption demand and election-related uncertainty is…

Donald Trump criticizes India’s ‘big tariffs’ on American products like Harley-Davidson bikes, paper

President Donald Trump has criticised India’s “big tariffs” on American paper products and the iconic Harley-Davidson bikes, saying the US has been losing billions of dollars to countries like India, China and Japan. Addressing a Republican political rally in Wisconsin…

‘Aadya’ website formally launched

The website of ‘Aadya’, manufacturing sanitary napkins under the banner of JCB Industries, was formally launched today (April 24). The website was launched by Pride East Entertainments Pvt. Ltd. CMD Riniki Bhuyan Sharma who is also the chairperson of JCB…