Reserve Bank of India (RBI) on Tuesday cautioned the "users, holders and traders" of Bitcoins about the security related risks associated in dealing with such virtual currencies (VCs).

The apex bank reiterated its stand that "it has not given any licence or authorisation to any entity or company to operate such schemes or deal with Bitcoin or any VC".

The Madras High Court has dismissed a PIL seeking to restrain the Tamil Nadu government from observing former chief minister J Jayalalithaa's death anniversary today.

The first bench of Chief Justice Indira Banerjee and Justice R Hemalatha dismissed the petition by one R Kumaravel seeking to restrain the state government from observing December 5 as the death anniversary of Jayalalithaa.

Ad wars in the automotive space are quite common in Europe and US but not so much in India. That, however, doesn't mean that things are completely boring here. Siddhartha Lal, CEO, Eicher Motors, recently tweeted that Royal Enfield's sales are equivalent to the global sales of Harley-Davidson, KTM, BMW, Triumph and Ducati combined. Yes, he actually said that! Rajiv Bajaj, Managing Director, Bajaj Auto, responded to the tweet through a statement to Business Standard, saying "By measuring solely on the basis of volumes at the exclusion of pricing power, it would seem that Maruti Suzuki is above and beyond brands like Mercedes, BMW, Audi and Porsche put together."

New Delhi: Tech giant Google on Tuesday unveiled a slew of new solutions, such as Android Oreo Go edition for low-cost smartphones and a bike mode for Maps, aimed at driving Internet adoption across markets, including India.

The company has also worked with Mukesh Ambani-led Reliance Jio to bring a customised version of Google Assistant (virtual assistant) to the latter’s smart feature phones. Caesar Sengupta, vice-president, Next Billion Users, said Google’s India-first suite of products and features are aimed to help more people discover how the Internet can make life easier and more convenient.

Hyderabad: Planet Labs Inc., a US-based integrated aerospace and data analytics company, plans to set up a development centre in India to tap into the technical expertise and business opportunities.

The company last week announced that four of its Dove spacecraft will be launched aboard India’s PSLV-C40 flight, scheduled early January.

ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately $1 billion.

“ADB’s partnership with Reliance Power will help Bangladesh scale up its energy infrastructure to sustain and support the country’s economic growth.” Michael Barrow, director-general of ADB’s Private Sector Operations Department, said: “ADB’s role as a direct lender and guarantee provider will enable Reliance Power to mobilize much needed long-term debt financing and will help in attracting new lenders to Bangladesh.”

There seems to be a trust deficit emerging between the Tamil Nadu government and Japanese automobile manufacturer Nissan. The state government fears that a faster payment of incentives to the car maker (Renault-Nissan Alliance India Private Ltd or RNAIPL) on its investments near Chennai might result in the company abandoning the project, curtailing the anticipated economic activity from this project.

The bone of contention is a business model change implemented by the company in April 2012 which, the government alleges, resulted in "unlawful gains" and boosted subsidies in the short term.

iPhone maker Apple has agreed to pay Ireland $15.46 billion in back taxes by early 2018.

ccording to Wall Street Journal, Irish Finance Minister Paschal Donohoe said on Monday that both sides agreed to the terms of an escrow fund for the money.

The Supreme Court on Tuesday will commence the final hearings in the long-standing Ayodhya dispute.

The first hearing is set a day before the 25th anniversary of the demolition of medieval-era mosque, Babri Masjid.

Activity in India's dominant services industry shrank in November as rising prices, driven up in part by the new national sales tax, took a toll on both foreign and domestic demand, a business survey showed on Tuesday.

November's Nikkei/IHS Markit Services Purchasing Managers' Index fell to 48.5 - its lowest since August - from 51.7 in October, well below the 50 mark that separates expansion from contraction.

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