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Wirecard is a payments processor, offering companies services allowing them to accept credit cards and digital payments like Apple Pay or Paypal in stores, online or on mobile. (Wikimedia Commons - Travelarz)

Five things to know about the Wirecard scandal

Here are the most important facts about a scandal that compares with the collapse of US energy company Enron in the...

22 Jun 2020 8:13 PM IST

The admission follows more than a year of reporting, especially by the Financial Times, on accounting irregularities in Wirecards Asian division.

In biggest fraud of recent years, fintech major Wirecard admits 1.9 bn...

Auditors say the 1.9 billion euros that were supposedly sitting in trust accounts in the Philippines likely do not...

22 Jun 2020 7:55 PM IST

Reliance Industries on Monday became the first Indian firm to hit a market valuation of USD 150 billion. (PTI Photo)

Reliance Industries becomes first Indian firm to hit Rs 11.44 lakh...

Reliance Industries on Friday became the first Indian company to cross the Rs 11 lakh crore market valuation mark.

22 Jun 2020 12:23 PM IST

Artisans and weavers who were part of Amazons Karigar program witnessed a 2.5X growth on Amazon after the event, while women entrepreneurs selling as part of Amazon Saheli program witnessed a growth of 1.7X, Amazon said.

Find unique artisan products on Amazonâ€™s Small Business Day on Jun...

Themed stores like â€˜India Bazaarâ€™, â€˜Budget Buysâ€™ and â€˜Bestsellersâ€™ from micro, small and medium enterprises...

21 Jun 2020 10:25 PM IST

Drug firm Hetero on Sunday said it has received approval from regulator DCGI to launch investigational antiviral drug Remdesivir. (AFP Photo)

Hetero gets DCGI nod to launch Remdesivir for COVID-19 treatment

The drug will be available in 100 mg vial which will be administered intravenously in a hospital under healthcare...

21 Jun 2020 2:41 PM IST

Experts trying to cap gas-bearing well no-9 at Oil and Natural Gas Commissions Konaban site in Tripura. Oil and Natural Gas Corp (ONGC) has warned that the COVID-19 pandemic will impact the speed of execution of its projects. (PTI Photo)

ONGC may rationalise capex as COVID-19 hits project execution

About 9 percent of the company-'s natural gas output was impacted by inability of customers to take supplies due to...

21 Jun 2020 12:25 PM IST

Amazon.com Inc has secured clearance to deliver alcohol in West Bengal. (AFP Photo)

Amazon gets nod for liquor delivery in West Bengal

Alibaba-backed Indian grocery venture BigBasket has also won approval to deliver alcohol in the state, the notice said

21 Jun 2020 9:01 AM IST

Reliance Industries and Jio Platforms on Thursday announced an investment of Rs 11,367 crore by Saudi Arabias Public Investment Fund. (PTI Photo)

Saudi Arabia-'s Public Investment Fund to invest Rs 11,367 crore in...

PIF-'s investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis

19 Jun 2020 11:18 AM IST

Mukesh Ambanis Reliance Industries becomes net debt free after Rs 1.69 lakh crore fund raising. (PTI Photo)

Mukesh Ambani-'s Reliance Industries is now -'net debt free-'

Ambani said Reliance raised Rs 1.15 lakh crore by selling a little less than a quarter of the firm-'s digital arm, Jio...

19 Jun 2020 9:58 AM IST

Swiss watchmakers expect fallout from the coronavirus pandemic will have a lasting impact on demand for watches. (AFP Photo)

Swiss watchmakers fear job cuts as sales hit by COVID-19 crisis

Swiss watch exports plunged 68% in May

18 Jun 2020 2:24 PM IST

Chinas Oppo cancelled the live online launch of its flagship smartphone in India. (AFP Photo)

Oppo cancels live phone launch in India amid demands to boycott China...

To launch the phone, the company instead uploaded a 20-minute, pre-recorded video

18 Jun 2020 10:03 AM IST

HSBC resumes cutting around 35,000 jobs. (AFP Photo)

HSBC to cut around 35,000 jobs

The bank will maintain a freeze on almost all external recruitment, CEO Noel Quinn said in the memo sent to bankâ€™s...

17 Jun 2020 11:47 AM IST