Category Archives: Business

Why smartphone sales have taken a beating

Apple said at the beginning of the year that it will see lower sales than earlier expected due to slowing iPhone sales and challenges in China.

Bengaluru office rentals may grow 3rd fastest globally

Infosys offers e-courses for engineering students

Students signing up on the platform get access to proprietary courseware to deploy knowledge gained on live projects. Infosys will provide a certification for some of the courses. In time, the platform will also morph into an additional hiring channel. The programmes will be offered free to students and colleges. It is targetted at third and fourth-year students.

Exports grow under 4% in Jan on weak demand

Data released by the commerce department estimated exports at $26 billion in January, compared with $25.4 billion a year ago. Exports growth had remained almost flat in November and December 2018, although the government is hopeful of reporting record exports by March-end.

Cross-industry CEO hiring maximum in e-tail

These observations were drawn from a research project undertaken exclusively for TOI by Executive Access to study the statistical trends of movements of over 220 CEOs and CXOs across industries in the last year.

Yes Bank faces RBI action for breach of confidentiality

The RBI has now warned Yes Bank of regulatory action for disclosing the ‘nil (NPA) divergence report’, which was a violation of the confidentiality clause, the private bank told the bourses on Friday night. In banking parlance, divergence refers to the difference between what the bank quotes in its annual report and what RBI’s inspection report of the same bank’s books shows.

Emails, hashed passwords of 18 million Ixigo users stolen

The data stolen from Ixigo is part of a broader data steal that saw user information leaked from seven other global sites including Houzz. Ixigo will issue a notification to its users to reset their passwords as a safety measure. Earlier, online food delivery platforms like Zomato and FreshMenu faced similar incidents of data leaks in the country.

Sensex ends 67 points lower; pharma, metal stocks crack

However, emergence of buying in power, energy and PSU stocks in the last one hour of the session and covering-up of short positions by speculators wiped off most losses.

Link PAN, Aadhaar by March 31: CBDT to tax filers

This reiteration of the September order of the apex court came on an appeal filed by the Centre against a Delhi High Court order allowing two persons, to file their ITRs for 2018-19 without linking their Aadhaar and PAN numbers.

Pramod Chandra Mody takes over as new CBDT chairman

Mody, a 1982-batch Indian Revenue Service (Income Tax cadre) officer, has been appointed in place of Sushil Chandra, who was on Thursday named as Election Commissioner ahead of the Lok Sabha polls due this summer.