Tag Archives: Cash

50 Cash Businesses to Consider

Today’s society is becoming increasingly cashless. With all the other options available, ranging from credit and debit cards to mobile payments and even virtual currency, many consumers are seeing less use for cash. But running a cash business still has its benefits. It allows businesses to reach customers who don’t have access to credit or the devices needed to make mobile payments. It ... Read More »

Record venture capital cash floods into car technology

The funding of car technology-related start-ups reached an all-time high of $1.6bn during the first half of this year © AP A new wave of venture capital focused on the car technology sector is sweeping across Silicon Valley, with $220m in new funding announced this week by two separate groups, the Toyota Research Institute and AutoTech Ventures. The latest investment ... Read More »

3-Day Bank Holidays Add To People’s Cash Woes

Mumbai: As the banks remained shut for the third consecutive day on Monday and many ATMs continued to run dry, it caused further inconvenience to people, who are already reeling under a currency crunch. The banks are likely to witness a rush of people tomorrow, when the operations resume. The three-day long bank closure started from December 10, as it ... Read More »

Samsung to Buy Harman for About $8 Billion in Cash

Samsung Electronics said Monday it would buy US auto parts maker Harman International Industries for $8 billion (roughly Rs. 54,107 crores) in a bid to enter the growing market for automotive technology to produce “connected” cars. Board members of Samsung – the world’s largest producer of smartphones – had approved the all-cash acquisition of the Connecticut-based firm for $112 a ... Read More »

RBI Says Enough Cash Available As Crowds Throng Banks

  Mumbai: The Reserve Bank of India (RBI) on Sunday urged savers to not hoard money as public anger mounted over the government’s shock decision to withdraw large denomination notes in an attempt to expose undeclared wealth. Thousands of people were again standing outside banks across the country trying to change Rs. 500 and Rs. 1,000 bills the government abolished ... Read More »

No Need To Be Anxious, Enough Cash Available: RBI

Mumbai: The Reserve Bank of India on Sunday said enough cash is available at banks and people need not be anxious and make repeated trips to branches and ATMs to hoard money. “The Reserve Bank assures members of the public that enough cash in small denominations is also available at the Reserve Bank and banks.” “The Reserve Bank urges that ... Read More »

Furnish Daily Data On Cash Withdrawals: RBI To Banks

The RBI has asked banks to submit the data in a specific format. Mumbai: The Reserve Bank of India (RBI) asked banks to submit daily amounts of cash withdrawn from over the counter as well as through automated teller machines to help it gather accurate data on the circulation of currency. In a circular on Sunday, it asked banks to ... Read More »

LeEco CEO Admits to Cash Crunch, Says Company ‘Over-Extended’

  The CEO of Chinese internet firm LeEco has told employees the company grew too quickly and is short of cash, according to a letter seen by Bloomberg News, weeks after it announced its US expansion. Billionaire Jia Yueting said his 12-year-old video-streaming company, which recently bulldozed into sectors as wide-ranging as self-driving cars, sports, smart phones, film making, and ... Read More »

Apple Offers Big Cash Rewards for Help Finding Security Bugs

Apple Inc said it plans to offer rewards of up to $200,000 (roughly Rs. 1.3 crores) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. The maker of iPhones and iPads provided Reuters with details of the plan, which includes some of the biggest ... Read More »

Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Singapore: Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place. U.S. crude futures were trading at $38.64 a barrel at 0749 GMT, up 80 cents and over 2 percent from ... Read More »