Business

Business

Amazon won't be able to get off Oracle by 2020: Larry Ellison

Larry Ellison, Co-Founder and Chairman of global Cloud major Oracle believes that Amazon will find it hard to achieve its goal of not relying on Oracle's technology by 2020, CNBC reported. The two companies compete in the Cloud Infrastructure and database systems market.

Business

Average per capita income in last 4 years higher at nearly Rs 80,000

"The average Per Capita NNI (net national income) in the country during 2011-12 to 2014-15 is estimated at Rs 67,594 whereas average Per Capita NNI in the country during 2014-15 to 2017-18 is estimated at Rs 79,882," Minister of State for Statistics Vijay Goel said in a written reply to Lok Sabha.

Business

RBI to transfer Rs 50,000 cr surplus to government

The Reserve Bank of India (RBI) on Wednesday said that it will transfer Rs 50,000 crore as surplus to the central government for the year ended June 30, 2018. The Central Bank which follows the July-June year had transferred Rs 30,659 crore to the government's coffers for the year ended June 30, 2017.

Business

Unicef India, Netflix pitch for safer online environment

The Family Online Safety Institute (FOSI), a global NGO specialising in the area of online safety, hosted a session on ensuring a safer online environment for children, and the organisations extended their support, read a statement.

Business

SBI plans to increase Yono user base to 250 mn in 2 yrs

Country's largest lender State Bank of India (SBI) is planning to expand its Yono (you only need one) customer base to 250 million in the next two years, a top bank official said.

Business

WhatsApp Update: The messaging app will stop you from sending more messages

With the Indian government talking tough on WhatsApp's failure to check the spread of fake and provocative content on its platorm, the instant messaging service on Wednesday said it has begun rolling out its forward message limit to five chats for over 200 million users in India. The Facebook-owned platform last month announced to launch a test to limit message forwarding to five chats in India.

Business

The Great Indian Freedom Sale starts tomorrow, get bumper discounts on anything you wish for

Amazon India has come up with 'Amazon Freedom Sale' that is scheduled from the midnight of August 9 and until 11:59pm on August 12. The Amazon Freedom Sale will be offering deals on more than 20,000 products like smartphones, consumer electronics, fashion, large appliances, and TVs and from well-known brands such as OnePlus, Vivo, JBL, LG, Philips, and Casio. Amazon has also tied up with SBI to offer an additional cashback of 10 percent to the buyers when purchasing through SBI credit and debit cards.

Business

70% smartphone users in India switched brands in Q2: Report

More than 70 per cent of smartphone users in India switched brands in the second quarter of this year, befitting Chinese smartphone maker Xiaomi the most which sold nearly 37 per cent of the phones that were replaced, according a CyberMedia Research (CMR) report on Wednesday.

Business

S Gurumurthy, Satish Marathe appointed to RBI board

The Centre has appointed Rashtriya Swayamsevak Sangh-affiliate Swadeshi Jagaran Manch co-convenor Swaminathan Gurumurthy and businessman Satish Kashinath Marathe to the central board of the Reserve Bank of India

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