Govt to ban Ponzi schemes, not regulated deposits like chit funds

The Banning of Unregulated Deposit Ordinance keeps track of illicit deposit schemes that cheats gullible investors but it does not prohibit those regulated by law like chit funds. To... Read more »

Nokia to join hands with Airtel to put the 5G connection for trial

Bharati Airtel has joined forced with Nokia, the Finnish telecom company to conduct a trial for 4G and 5G and enterprises services. This could give a futuristic approach to... Read more »

GST lowers rate cut for real estate, more benefits for home buyers 

The 33rd meeting of the GST Council has seen some tax cuts for the middle class. The GST Council has reduced the rate of tax for under-construction housing to... Read more »

Anil Ambani faces contempt of court in Ericsson case, has to pay a fine of Rs 453 crore.

Anil Ambani, chairman of Reliance Communications has been held guilty of contempt of court by the Supreme court. According to reports, RCom did not observe the undertaking given by... Read more »

Flipkart Co-Founder Sachin Bansal invests Rs 650 crore in Ola

Flipkart Co-Founder Sachin Bansal has invested about 650 crore in Ola cab riding service. This has put its contender Uber in a tough spot. This happens to be Sachin’s... Read more »

RBI to give interim dividend of Rs 28,000 crore to government

RBI will be paying Rs 28,000 crore as interim dividend to the government. This amount would help the Centre meets its revised budget estimates which includes an allocation for... Read more »

Cognizant to pay $25 million to SEC on grounds of bribery

Coginzant, the U.S multinational is going to pay $25 million to the U.S Security and Exchange Commission (SEC) to help settle bribery charges. This comes after the Department of... Read more »

Software Pirates hack iPhones using Apple technology

TutuApp, Panda Helper, AppValley and TweakBox and other software have prodded into Apple phones using digital certificates. This technology was specially introduced by corporations to distribute business apps to... Read more »

Managing trustee of Tata Trust, R Venkataramanan steps down from his post

The managing trustee of Sir Dorabji Tata Trust, R Venkataramanan on Wednesday will step down from his post with effect from March 31, 2019, the trust said in a... Read more »

Reliance Power asked SEBI to ban Edelweiss Group over allegations of misconduct

Anil Ambani led Reliance has asked SEBI to ban Edelweiss Group on grounds of misconduct. According to Ambani, they  participated in illegal activities and have disrupted the market. This... Read more »