BUSINESS

Cash withdrawal limit to be Rs 50,000 from February 20; no limit from March 13

The limits on savings bank cash withdrawals post-demonetisation are to be withdrawn in two stages, the Reserve Bank of India announced on Wednesday, with the limit slated to go up to Rs,50,000 per account from February 20 and to cease

Read More

Highlights of Union Budget 2017

Following are the highlights of Union Budget 2017, presented by Finance Minister Arun Jaitley in Parliament today: * Tax rates halved to 5% for income of Rs 2.5-5 lakh, tax slabs unchanged* 10% surcharge on people earning between Rs 50

Read More

Former VW boss investigated over emissions fraud

The former boss of VW may have known the carmaker was cheating on emissions tests earlier than he admitted, German prosecutors have said. Martin Winterkorn quit in September 2015 after VW admitted to using software to lower the emissions from

Read More

Samsung confirms faulty batteries as cause of Note 7 fires

Samsung’s probe into its Galaxy Note 7 fiasco has found that the overheating and burning of the phones was caused by defective batteries. The firm had axed its iPhone rival in October last year after an earlier botched recall and

Read More

Government spends Rs 3.09 per Rs 500 currency note

The Reserve Bank of India  spends Rs 3.09 for each Rs 500 note as cost towards paper, printing and other charges, an RTI query has revealed. The information was given here on Friday to Mumbai Right To Information activist Anil

Read More

One percent of Indians own 58% of country’s wealth

Fifty-seven billionaires in India possess as much wealth as the poorest 70% of the country, according to a report on global inequality released on Monday by Oxfam, an international confederation of 18 non-governmental organisations. By comparison, eight men across the

Read More

Eight billionaires ‘as rich as world’s poorest half’

The world’s eight richest individuals have as much wealth as the 3.6bn people who make up the poorest half of the world, according to Oxfam. The charity said its figures, which critics have queried, came from improved data, and the

Read More

Ray-Ban maker Luxottica agrees €46bn merger with Essilor

Luxottica, the world’s biggest glasses maker, has agreed a huge merger with a rival eyewear firm. The Italian eyewear designer, which owns Ray-Ban and Oakley, is to merge with French lens maker Esillor. Combined, the two firms will be worth

Read More

S Korea corruption: Prosecutors to seek arrest warrant

South Korea’s special prosecutor is seeking an arrest warrant for Samsung heir apparent Lee Jae-yong, accused of bribery, embezzlement and perjury. The case is linked to a scandal that led to the impeachment of the country’s President Park Geung-hye. Samsung

Read More

Fiat accused over emissions software

Fiat Chrysler has been accused of not telling authorities about software that regulates emissions in thousands of its diesel vehicles. The US Environmental Protection Agency (EPA) said the company broke the law by installing, but failing to disclose, the technology

Read More

Tata Sons names insider Chandrasekaran as new chairman

India’s $100 billion salt-to-software Tata conglomerate named veteran insider Natarajan Chandrasekaran as the new chairman of its holding company on Thursday, looking to soothe investors after a bruising public spat over the ouster of his predecessor. Chandrasekaran, 53, currently chief

Read More

Sushma tells Amazon Canada to withdraw Indian flag themed doormats

New Delhi [India], Jan.11 : Taking strong objection to selling of doormats featuring Indian flags on Amazon, Canada, External Affairs Minister Sushma Swaraj on Wednesday warned the e-retailer company to withdraw all products “insulting national flag immediately”, adding that non-compliance

Read More

Jio beats Airtel, now fastest among all 4G services: TRAI data

Reliance Jio beat Airtel, Vodafone and others, becoming the fastest among all 4G service providers in India in December 2016, according to data released by the Telecom Regulatory Authority of India. TRAI’s MySpeed portal had previously in October revealed that

Read More

VW set to pay $4.3bn for emissions cheat

Volkswagen has agreed a draft $4.3bn (£3.5bn) settlement with US authorities over the emissions-rigging scandal. The German car maker also said it would plead guilty to breaking certain US laws. VW said it was in advanced discussions with the Department

Read More

Tata Sons calls EGM on Feb 6 to oust Mistry as Director

New Delhi : After ousting him as Chairman, Tata Sons has called a shareholders’ meeting on February 6 to remove Cyrus Mistry as director of the holding company of the $103-billion Tata Group. Tata Sons had abruptly removed Mistry as its

Read More