Business

Coming Soon: Facebook “Trending News”

Facebook is launching a section named “Trending News” on their mobile app. The section will contain the latest relevant news that a reader would want, all with their own links to the original article. The news regarding the Trending News section was revealed earlier in spring when Facebook officials stated news was swiftly becoming an important part of Facebook feeds. The section keeps a track of the news items and

Reebok SB-01 Space Boots Labeled Revolutionary Footwear for Astronauts

New space boots by Reebok, SB-01 has been prognosticated to be a game-changing innovation in footwear for astronauts. In the last 50 years or so, there could hardly be any memories of space boots being innovated or updated until this exposition of avant-garde breakthrough was introduced by the footwear giant. The company has been expected to shake hands with David Clark Company over the business of upgrading space boots. With

Facebook now Wields 2 Bn Monthly Users

As Mark Zuckerberg put it in his ever-so-cool announcement message, Facebook now has a whopping two billion monthly users. The achievement highlights Facebook’s dominance in the burgeoning social media sector, as the next highest monthly user figure is held by YouTube, at 1.5 billion. Among messaging apps, Facebook-owned WhatsApp and Messenger are the only other apps to have a 1-billion-plus user base, and Instagram is also inching steadily towards the

SUUTI’s 2.5% Stake in L&T Sold by Government for 4000 Crores

Recently, the Indian government has sold nearly 2.5% of its equity stake, which it held through its investment arm Specified Undertaking of Unit Trust of India (SUUTI), in the leading engineering company Larsen & Toubro. The stake was worth over Rs.4000 crore. With this, the government has inched closer to achieving its disinvestment target of Rs.72,500 crore during the course of the financial year between 2017 and 2018. L&T Shares

BDI Expects 1.5% Growth in German Economy for 2017, Thanks Export Rise

The Federation of German Industries (BDI), originally ‘Der Bundesverband der Deutschen Industrie e.V.,’ confirmed Tuesday that Germany has been forecasted to witness a rise in its economic output by an estimate 1.5% owing to exports picking up pace. However, the BDI also gave a warning signal stating that the country should not put the guard down while being puffed up by its laurels. Dieter Kempf, president of the BDI, said

GST Bill to Change Course of India’s Economic Situation, says PM

The long debated GST bill is scheduled to be launched on the 1st of July, 2017 after it was introduced as The Constitution (One Hundred and First Amendment) Act 2016. The GST bill is administered by the GST council under the Chairmanship of the Union Finance Minister of India. The bill basically proposes the amalgamation of numerous State and Central taxes into one individual tax. The implementation of GST is

Apple Users slowdown for Upgrading Devices, Demand Simple Features

Apple may have set benchmarks for features on iPhones and other electronic devices, but the company is grappling with a realistic issue. This is related to several features on these devices to be too complicated to be understood by many users. To address this, the company has been making efforts one of which is to explain the functional features of Messages app to users. The idea behind this is to

Demand for Gold Jewelry to Remain Unaffected by GST, insists ICRA

Presently, gold jewelry retailers are imposed with about 1% tax in most states, except Kerala wherein 5% VAT is levied. As Government of India implements GST, 3% tax will be extracted from the gold jewelers, but ICRA insists that the demand for gold products will remain constant, reasoning that waving off of farm loans in rural areas and increasing disposable income in urban parts of the country will provide the

Bitcoin and Ethereum Era Approaching Fast

Bitcoin had entered the financial scenes as early as 2009, and has since then changed the way the world sees financial aspects and most importantly, online transactions and the limitations on it. All these years have seen the evolution of the Bitcoin which is now being used more and more across many virtual tables. Business, however, is likely to get its new makeover, in the form of the Ethereum. This

Greenlight Bags US$7.5 Million to Provide Smart Debit Card for Kids

Gone are the days when parents used to handover some cash to their kids as allowance. In this age of technological sophistication, you could barely find cash lying around. Greenlight has launched a new smart debit card for kids which can be given to them by their parents. The Greenlight smart debit card has offered attractive features concerning the financial safety of children and how they can be financially responsible.

Magicpin Collects US$7.0 Million Investment for More Retail Magic

Proclaiming itself as the “social network for local experiences,” India-based Magicpin has taken massive strides in its business that connects consumers to local merchants by closing a US$7.0 mn Series B round. To date, the company has raised more than a US$10.0 mn on the strong backs of confidential overseas investors, Westbridge, and Lightspeed India Partners. Anshoo Sharma, CEO of two-year old Magicpin, revealed the company could generate a US$40.0

Study Recommends Hiking Tobacco Price to Reduce its Consumption

Michael Kunze, a renowned social medicine expert, has dedicated almost 30 years to studying the relation between tobacco pricing and tobacco consumption. As per the study, a meager one per cent hike in tobacco prices is bound to reduce its consumption by 0.5%. Following his footsteps, a diploma student called Richard Felsinger completed a study on the pricing policy between 1997 and 2015. The results of the analysis are now

New CEO Jim Hackett Faces Big Task to Rejuvenate Ford Motor Company

Ford Motor Company have announced the appointment of Jim Hackett, previously the head of Ford’s Smart Mobility division, to replace outgoing CEO Mark Fields. Apart from his valuable experience in Ford’s own Smart Mobility division, Hackett is also well-known for his time as CEO of Steelcase, a furniture company based in Michigan. The appointment comes at a crucial juncture for Ford Motor Company, with the company struggling to maintain a