Category: Business News

TCS becomes 2nd Indian It firm

TCS becomes 2nd Indian It firm to cross $100-bn market cap

India’s IT major Tata Consultancy Services (TCS) today became the second Indian IT firm to reach the $100-billion market capitalization milestone after the company...

CA, 24, renounces Rs 100-cr biz to become Jain monk, navyamedia

CA, 24, renounces Rs 100-cr biz to become Jain monk

A 24-year-old Mumbai-based Chartered Accountant renounced his Rs 100-crore family business and became a Jain monk. The monk had cleared the CA exam in his first attempt...

Mobile number, Bank a/c must for pension scheme subscribers, navyamedia

Mobile number, Bank a/c must for pension scheme subscribers

Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) has made bank account details and mobile number mandatory for subscribers of the National...

Qualcomm to lay off 1,500 staff to cut costs, navyamedia

Qualcomm to lay off 1,500 staff to cut costs

American chipmaker Qualcomm started to cut jobs at its facilities in California to meet the company’s promise to investors to cut costs by $1 billion. The San...

Kerala Kaumudi Chief Editor M.S. Ravi dead, navyamedia

Kerala Kaumudi Chief Editor M.S. Ravi dead

M.S. Ravi, the Chief Editor of ‘Kerala Kaumudi’, one of the oldest newspapers in Kerala, died this afternoon, family sources said. Ravi, 68, was rushed to a...

SBI pegs cash shortage in system at Rs 70,000 crore, navyamedia

SBI pegs cash shortage in system at Rs 70,000 crore

State Bank of India’s research wing, SBI Research, is said to have pegged the cash shortage within the system at Rs 70,000 crore. This is at least one-third of...

85% youth not trained for any job, laments Narayana Murthy, navyamedia

85% youth not trained for any job, laments Narayana Murthy

Infosys Co-founder Narayana Murthy today criticised the Indian education system for emphasis on rote learning. As a result, Narayana Murthy said that at least 85% of the...

DEA Secretary on cash crunch: Govt to pump up printing of Rs 500 notes to tackle crisis, navyamedia

DEA Secretary on cash crunch: Govt to pump up printing of Rs 500 notes to tackle crisis

Economic Affairs Secretary Subhash Chandra Garg today announced that the central government has decided to increase the printing of Rs 500 notes in order to meet the...

SBI chief on cash crunch: Normalcy will be restored in 7 days, navyamedia

SBI chief on cash crunch: Normalcy will be restored in 7 days

Chairman of State Bank of India (SBI) Rajnish Kumar today assured that the situation of cash crunch is ‘temporary’. Normalcy, will, however, be restored...

Cash crunch: Finance Ministry assures of resolving the problem in 3 days, navyamedia

Cash crunch: Finance Ministry assures of resolving the problem in 3 days

The Union Minister of State for Finance Shiv Pratap Shukla today accepted reports of an alleged cash crunch in the country and then said the shortage will be resolved...