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Category archives: Business

Forbes' billionaires list 2018: Mukesh Ambani richest among 121 billionaires in India

Reliance Industries Chairman Mukesh Ambani is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine’s annual billionaires list published Tuesday. Ambani moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. In 2017, he ranked 33rd with $23.2 billion. India has 121 billionaires — 19 more than last year — making them the third largest group of […]

Reliance Jio launches ‘JioFootball Offer’, here are all the details

Reliance Jio has introduced a new offer for those who want to get Jio plans at discounted rates. The company is calling it as the ‘Jio Football Offer’. The offer lets users avail Rs 2,200 cash back on the recharges made on select smartphones across brands. This can be done once users activate Jio 4G in those smartphones with a recharge of Rs 198/Rs 299 Jio prepaid plan on or […]

Why Are Ties With The UAE Important For India? Here Are Some Answers

Prime Minister Narendra Modi’s visit to the United Arab Emirates over the weekend, as part of his four-day tour to the Middle East, generated much excitement in the Indian media. On Saturday, Prime Minister Modi and Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan held detailed discussions on a wide array of issues, ranging from trade, energy, climate change and civil aviation. In the joint statement issued at […]

Stock market carnage erodes Rs 9.6 lakh crore investor wealth in 3 days

The stock market bloodbath has wiped out a staggering Rs 9.6 lakh crore from investor wealth in three days with the rout continuing amid sell-off in world markets. The BSE benchmark Sensex slumped 1,274.35 points to hit the day’s low at 33,482.81 on Tuesday. Post the Union Budget on February 1, the 30-share index has plummeted by 2,164.11 points. Led by a continuous sell-off, the market capitalisation of BSE-listed companies […]

The 5 Most Common Myths Associated With Starting a Business

We live in a world of opportunities. I can remember growing up and always dreaming of wearing a suit and tie to work. It was my absolute dream. I was maybe 14 years old at the time and my grades in school were awful and I didn’t exactly have the brightest future ahead of me. I always had these misconceptions about success and what it took to achieve it. After […]

Hebbar's Kitchen and the Indian couple behind a food video empire

  Quick, social media-friendly recipe videos have changed the way people approach cooking. The BBC spoke with Hebbar’s Kitchen, an online platform that has adopted the format, with a focus on Indian audiences and vegetarian food. These two-minute long videos, packaged like a mini cooking show, have managed to “break the monotony of having to flip through recipe books,” says Sudarshan Hebbar, an IT consultant who helps run Hebbar’s Kitchen, […]

Vastal Mehta, man behind Facebook's successful ad business

Facebook owes Indian-origin engineer Vastal Mehta a lot for its success in generating billions of dollars in ad revenues every year as he steers the team that works with advertisers to build the technology and infrastructure needed to run more effective campaigns on the platform. When he started out on this in 2010, Mehta was the lone engineer in the team and now serves as Facebook`s Director of Solutions Engineering […]

SBI Clarifies On Rs. 1,771 Crore Earnings From Minimum Balance Fines: 10 points

The country’s largest lender, State Bank of India (SBI), collected Rs. 1,771 crore between April-November 2017 as charges from customers for failing to maintain monthly average balance in their accounts. This is more than Rs. 1,581.55 crore that it earned as net profit in September quarter. The bank on Tuesday clarified on its charges for non-maintenance of minimum balance on savings accounts. “SBI’s metro branches earn Rs. 6 per month […]

McDonald’s outlets likely to be closed in the north and eastern India

Monday saw about 84 McDonald’s outlets being closed in both the North and the Eastern parts of the nation. The shutters have been brought down, pressurising the McDonald’s franchise partner Vikram Bakshi more than ever. The pressure to sell the Global Burger eatery is  threatening him. The Connaught Plaza Restaurants is a 50:50 venture between him and McDonald’s, which ran about 160 outlets overall. However, a fallout between the Company and  the Supply […]

PMEAC and Niti Aayog claim India could become a $7 tn economy by 2030

Reports and studies by the Prime Ministers Economic Advisory Council and the Niti Aayog Members suggest that the Indian economy has the potential of becoming a $7 trillion economy in the next two decades; specifically by the year 2030. The growth rate since 2011 though lower by almost two per cent since 2011, the Members and the Council argues that all this is because of the Government’s focus on long […]