View in the JustOut app

Riding on its growing Intelligent Cloud portfolio and early investments in Intelligent Edge, Microsoft has surpassed $100 billion in revenue for the first time in the fiscal year 2018. Revenue has increased 17 per cent year over year, and net income is up 35 per cent, the company said in a statement. Microsoft stock jumped over 4 per cent in after-hours trading.

05:35:01 on 20 Jul

Read more at The News Minute

The transport department has constituted a state level task force committee in the wake of transport operators planning to go on a nationwide strike from Friday, which could lead to shortage of essential commodities. The committee will ensure uninterrupted supply of essential commodities. It will work in Bengaluru and other district centres along with control rooms.

10:57:01 on 19 Jul

Read more at Deccan Chronicle

The Madras HC disapproved of the use of police force against landowners who oppose proposed acquisitions for the ambitious 8-lane expressway between Chennai and Salem. Finding that the acquisition process was at a nascent stage, the court said the officials could have avoided so much of confusion if they had anticipated resistance and handled the situation in a better way.

10:41:01 on 19 Jul

Read more at The Hindu

The finance ministry is likely to infuse about Rs 10,000 crore within a few days in some state-owned lenders including Punjab National Bank, Corporation Bank and Central Bank of India, to help them meet the regulatory capital requirement, sources said. Some of these banks have come under pressure because of interest paid to their bondholders of additional tier 1 (AT-1) bonds.

02:11:01 on 18 Jul

Read more at The Wire

India's technology hub Bengaluru and capital New Delhi rank 40th and 49th respectively on a list of 50 women entrepreneur-friendly global cities, according to a report by American computer maker Dell Technologies. Delhi and Bengaluru are the only two Indian cities to figure in the Index, which measures the ease with which women can run businesses in different countries.

10:10:01 on 17 Jul

Read more at Business Standard

Rules for protection of personal data in the telecom space are not sufficient, regulator Trai said while suggesting that consumers be given the right to choose and to be forgotten to safeguard their privacy. Trai held that consumers are owners of their data and that entities controlling, processing their info are "mere custodians and do not have primary rights over this data".

09:25:01 on 17 Jul

Read more at News 18

The Dr Reddy's Laboratories stock fell in trade today after a US court granted preliminary injuction blocking the Hyderabad-based firm from selling cut-price versions (buprenorphine and naloxone) of the British drugmaker Indivior's best-selling opioid addiction treatment in the US. The Dr Reddy's stock fell up to 9.48% or 219.75 points to 2,097 level on the BSE.

01:35:01 on 16 Jul

Read more at Business Today

Online food order and delivery startup Zomato have come out with a new user loyalty and reward points scheme called ‘Zomato Piggybank’. The way it works is every time a Zomato customer places an order, 10% of the order value gets deposited in a Piggybank account which can be used by the customer to partly pay while making the payment for his/her next order on Zomato.

07:11:01 on 13 Jul

Read more at The News Minute

RailYatri portal has added a feature that claims it can predict how soon tickets will get sold out for each train. Rush-o-meter, predicts the sellout time of available tickets using historic data, booking rate and deep-data analysis. The rush-o-meter could increase the chances of getting a confirmed ticket, since travellers will know by when the tickets would be sold out.

12:41:02 on 12 Jul

Read more at The Hindu

ICICI Bank Ltd is preparing to submit details of at least 1,000 loan accounts that turned sour since April 2010 to an independent panel, as part of a board-instituted probe into alleged wrongdoings by the lender’s top executives, including its off-duty CEO Chanda Kochhar, two people aware of the development said. The findings of the Srikrishna panel will decide the fate of Kochhar.

11:56:01 on 12 Jul

Read more at Live mint

India emerged as the world’s sixth largest economy in 2017 surpassing France and likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank. In 2017, India became the sixth largest economy with a gross domestic product of $2.59 trillion, relegating France to the seventh position.

10:56:02 on 12 Jul

Read more at Bloombergquint

In a first for the hotel segment in India, Oyo, South-Asia’s largest hotel chain, has acquired AblePlus, a Mumbai-based IoT technology company in order to enhance and strengthen its technology portfolio. This acquisition of AblePlus reiterates the hotel chain’s technology-driven approach to innovation and its commitment to revolutionizing customer offerings.

10:10:01 on 10 Jul

Read more at The News Minute

A Delhi court extended the protection from arrest granted to former Union minister P Chidambaram and his son Karti in the Aircel-Maxis money laundering case till August 7. The court had earlier granted interim protection from arrest till Tuesday to Mr. Karti in two cases filed by the CBI and ED in 2011 and 2012, respectively in the Aircel-Maxis case.

02:10:01 on 10 Jul

Read more at The Hindu

Participating in the World Cities Summit Mayors’ Forum (WCSMF) being held in Singapore N. Chandrababu Naidu showcased Andhra Pradesh as investors’ destination. Mr. Naidu’s began his three-day visit to Singapore with a meeting with Minister of National Development Lawrence Wong, who said Singapore was extremely selective in choosing their country-to-country collaborations.

04:10:01 on 09 Jul

Read more at The Hindu

The National Company Law Tribunal (NCLT) dismissed Cyrus Mistry’s lawsuit against Tata Sons, saying it didn’t find merit in allegations of mismanagement, delivering a big blow to the former chairman who was fighting the case for over 18 months. The family firms of Mistry had pressed allegations of mismanagement and oppression of minority shareholder interests at Tata Sons.

01:55:01 on 09 Jul

Read more at Economic Times

South Korean President Moon Jae-in will mark his first ever state visit to India to visit the largest Samsung plant along with PM Narendra Modi today. Samsung has opened a brand new 35-acre Electronics facility at Sector 81 in Noida, Uttar Pradesh. The company currently has over 10% of its overall production in India and aims to take it to 50% over the next three years.

08:25:01 on 09 Jul

Read more at DNA

Finance Secretary Hasmukh Adhia said that the all-powerful GST Council will consider bringing petroleum products under Goods and Services Tax and it could happen in phases. Although there is demand for bringing petroleum products under GST, the GST Council will have to finalize modalities. Currently, diesel, petrol, crude oil, and others are outside the purview of GST.

10:25:01 on 07 Jul

Read more at New Indian Express

In a scathing dissent, Law Commission of India member S. Sivakumar slammed the recommendation made by the majority led by former Supreme Court judge, Justice B.S. Chauhan, to “legalise” gambling in sports. He said to “save the future generations from treading unethical paths, I am of the opinion that no form of gambling can be permitted from the soil of the country.”

09:25:01 on 06 Jul

Read more at The Hindu

Alleging that a “mega Bitcoin scam” to convert black money into white had taken place in Gujarat, the Congress on Thursday demanded a Supreme Court-monitored investigation into the issue. Senior Congress leader Shaktisinh Gohil said the Criminal Investigation Department (CID) of the Gujarat police had estimated the size of the scam to be at least ₹5,000 crore.

04:25:01 on 06 Jul

Read more at The hindu
Mysuru gets a raw deal in the budget

The home turf of former Chief Minister Siddaramaiah has received a raw deal in the State Budget for 2018-19 presented by Chief Minister H.D. Kumaraswamy. Observers point out that the bulk of projects and allocations have gone to either Ramanagaram or Hassan, and there was nothing new for Mysuru. Of the old proposals, which have been recycled and repackaged in the budget.

03:14:01 on 06 Jul

Read more at The Hindu

Nearly 12 lakh truckers in Tamil Nadu affiliated to AIMTC will stay off the roads from July 20 across the State. Their charter of demands include decrease in fuel price, toll charges and third party insurance premium. Representatives from AIMTC held a meeting with the Chennai Goods Transport Association in the city on Thursday regarding the indefinite strike.

02:56:01 on 06 Jul

Read more at The Hindu

Reliance Industries Ltd. plans to take on the likes of Inc. and Walmart Inc.'s Flipkart Online Services Pvt. in retail by creating a platform that combines online and conventional shopping. Global retail powerhouses like Amazon and Walmart have been investing in India's retail industry, where e-commerce sales could more than double to $72 billion by 2022.

09:40:01 on 06 Jul

Read more at NDTV

Fashion seems to be the next big bet for all online retailers. Kishore Biyani, the promoter of Future Group is now making the bid for Koovs company by offering $140 million for a 29.9% stake, through his company Future Lifestyle Fashions Limited. The deal is subject to receiving the mandatory approvals. Koovs is an online retail store that has been operational for many years.

08:11:01 on 06 Jul

Read more at The News Minute