Get Apple iPhone 7 at Rs 7,777 through Airtel Online Store: Know everything

Bharti Airtel is offering Apple iPhone 7 (32 GB storage variant) at a down payment of Rs 7,777 through its online store, which went live today i.e. on October 16. The smartphone comes bundled with additional data, free calls and national roaming, and Airtel secure package that covers the device against any physical damage and… Continue reading Get Apple iPhone 7 at Rs 7,777 through Airtel Online Store: Know everything

Federal Bank Q2 net up 30.8% to Rs 263 cr on robust interest income

Private-sector lender Federal Bank’s net profit for the second quarter ended September 2017 rose by 30.8 per cent to Rs 263 crore on robust growth in net interest income. It had posted a net profit of Rs 201 crore in July-September 2016. Federal Bank’s stock was trading 3.16 per cent up at Rs 121 per… Continue reading Federal Bank Q2 net up 30.8% to Rs 263 cr on robust interest income

BookMyShow looks for Flipkart’s backing to combat Alibaba

Amid competition from deep-pocketed global players like Alibaba, India’s leading online ticketing platform BookMyShow is looking for a backing in its space from Flipkart, the country’s largest internet company. While BookMyShow has been one of the few profitable internet companies in India, with a profit of Rs 3.1 crore on a revenue of Rs 248… Continue reading BookMyShow looks for Flipkart’s backing to combat Alibaba

Xiaomi Mi Mix 2 launching tomorrow: specifications, features & more

Catching up on the bezel-less screen race in the smartphone domain, China-based smartphone manufacturer Xiaomi is gearing up to launch its flagship bezel-less device Mi Mix 2 in India on October 10. The smartphone, an improvement on the concept of Mi Mix that was launched in China last year, boasts flagship specifications and features. The… Continue reading Xiaomi Mi Mix 2 launching tomorrow: specifications, features & more

ESOPs not much of celebration for employees of unlisted companies; here’s why

E-commerce major Flipkart recently approved buyback of $100 million in employee stock options (ESOPs) — a bonanza for its 6,000-odd current and former employees. However, before uncorking the champagne bottle, the employees need to figure the tax implications. In unlisted companies, the tax treatment for employees will vary, depending on whether the buyback relates to… Continue reading ESOPs not much of celebration for employees of unlisted companies; here’s why

Paytm Payments Bank books Rs 30-cr loss in 7 months

Paytm Payments Bank incurred losses of Rs 30.7 crore between August 2016 and March 2017 of FY17, the firm has said in its filing to Registrar of Companies (RoC). The company, however, is not considering this as losses but as operational costs, as it happened before the payments bank started operations in May. The company… Continue reading Paytm Payments Bank books Rs 30-cr loss in 7 months

Piramal Housing Finance to raise Rs 400 cr via Commercial Paper

Piramal Housing Finance, which began operations last month, will lift its first market borrowings through Rs 400-crore commercial paper, a short-term money market instrument. Rating agency ICRA has assigned ‘A1+’ rating to the housing finance company’s commercial paper. ICRA said the company enjoys operational synergies with its parent Piramal Finance Ltd, thanks to PFL’s experience… Continue reading Piramal Housing Finance to raise Rs 400 cr via Commercial Paper