Alibaba is the first foreign company to openly claim it's ready to accept the data localisation rules, while other prominent giants like Amazon, Microsoft, American Express, Google and Facebook have shown reluctance.

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.

The RBI had earlier directed all payment services companies to store data in India by mid-October.

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.

Several members from the eBay team have been integrated with Flipkart's 2GUD team.

PM Modi may push financial inclusion drive in I-Day speechPrime Minister Narendra Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government's financial inclusion drive, official sources said. There could be a doubling of overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as part of the government's effort to fund the unfunded, they ...

Nadella sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68 as the stock trades near a record price. The stock sale, disclosed in a regulatory filing yesterday, netted Nadella more than $35 million.

Apple's market cap equals about 38 per cent of India's total GDP in 2017, when it became the world's sixth largest economy.

The outgoing chairman of Bank of Baroda, Ravi Venkatesan, said that the government needs to ease its grip over the lenders or risk slowly killing off the sector.

Benefiting the entire organization Suites make it possible to tackle challenges together, but they do much more than just making employees work together.

China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APT...

Facebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday.

Facebook said that it is presently investigating apps that had access to large amounts of information before the platform policies were changed in 2014.

Xiaomi, a Chinese startup that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would be the biggest initial public offering since e-commerce giant Alibaba's in 2014.

General Electric, an original member of the Dow when it was formed by Charles Dow in 1896 and a continuous member since 1907, will be replaced in the 30-component stock average by drug store chain Walgreens Boots Alliance Inc.

Long before food tech became a catchword, Sandipan Mitra, Co-founder and CEO of HungerBox, a business-to-business (B2B) food tech start-up, started an online food ordering company in 2007 and named it HungryBangalore.com.

Augmented reality is set to take the tech world by storm in the wake of new announcements from Apple and Google.

RBI monetary policy: MPC hikes repo rate by 25 basis points to 6.25%, keeps stance neutralThe monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. All the members of RBI's MPC voted in favour of a rate hike. The verdict of six-member MPC, headed by RBI Governor Urjit Patel, came after three days of deliberations instead of the usual two days. This is the first...

Farmers protests make fresh fruits, vegetables expensive; restaurants may also increase pricesIt's Day 5 of the ongoing nationwide agitation by farmers, and if its runs the planned course till June 10, not only is the supply and price situation of fresh produce likely to worsen but there may also be spill-over effects on dining out. According to The Economic Times, ecommerce firms like BigBasket and Grofers have managed to so far keep prices in check because of pre-arranged suppli...