June 24, 2017
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GST: Muted income for companies for Q1

Growth and Service Tax (GST) will come into effect from July 1 and companies are already feeling the heat of lower earnings in the first quarter of this Financial Year. Customers wish to avail the tax benefits from the next quarter and companies are taking a hit on their inventory which would sell without the tax benefit of ‘One Nation …

Amazon to buy Whole Foods for $13.7 bn; Walmart, Target, Kroger should be Terrified

E-commerce giant Amazon Inc. on Friday announced that it would buy Whole Foods Market Inc. for $13.7 billion and it is a step forward to embracing brick-and-mortar stores that the giant has recently been experimenting with. The deal will grant Amazon with control over more than 400 stores, integrating the stores with technology. Amazon has previously offered food delivery through …

Infosys President Quits: Setback For CEO

Head of Americas and global head of manufacturing and retail for Infosys, Sandeep Dadlani quit the company and this is a major setback for CEO Vishal Sikka. Thursday night saw the nomination of two executive officers, one of them Nitesh Banga replaced Dadlani as the global head of manufacturing. Since Vishal Sikka took over as CEO of Infosys in 2014, …

Airtel to take a sigh of relief; adds 2.85 million subscribers in April

In a statement released on Monday, the Cellular Operators Association of India said that the market leader Bharti Airtel has successfully bagger additional 2.85 million subscribers in the month of April. Now the total number of subscribers is 276.5 million. In another report, the UBS Securities Asia said that the number of Reliance Jio Infocomm  Subscribers additions saw a down …

Zomato HACKED; Data of More Than 17 Million Users leaked

India’s largest Food Directory website, Zomato faced a security Breach on Thursday. The security team of the company raised the alarm as soon as they found the consequences of an incident that paved the way for unauthorized access. The hackers were able to access the account information which includes, name, email address and hashed passwords of over 17 million users. …

Sachin Launches Digital Innings With New Mobile App, 100MB Cricket, For Android and iOS

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Sachin Tendulkar unveiled his new mobile app named 100MB Cricket for both Android and iOS platforms. In what is a collaboration between Sachin, who provided the idea, and JetSynthesys, which implemented it, the new 100MB Cricket app has been launched keeping the cricket fans in mind. The new app will bring the ‘Master Blaster’ closer to his legions of fans. The new …

Government’s UDAN Scheme To Get 128 More Flights

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The central Government’s UDAN scheme, designed to promote domestic connectivity and increase flights, today got a fillip as 128 more routes were added to the roster. Five airlines are now on board which will operate on 128 new routes. Under this regional connectivity scheme, domestic flight fares are capped at Rs. 2,500. These will all be one-hour flights. Reports suggest that …

Truecaller Joins Hands With Google to Introduce Video Calling Feature

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Truecaller has joined hands with Google to introduce video calling services besides a slew of new services. Truecaller has decided to up the ante with a host of new features as well. Alongside incorporating the Google Duo feature in its Android and iOS app, Truecaller has also introduced payments solutions and better caller identification features. The announcement was first made …

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