Business news

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani tops Forbes list of Global Game Changers

Reliance Industries chairman Mukesh Ambani successfully forayed into mobile telecom with Reliance Jio last year and has many other achievements to his credit, says the Forbes List of Global Game Changers.

May 17, 2017

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm Payments Bank to commence operations from May 23

In a communication, One97 Communications says Paytm Payments Bank has received final licence from RBI.

May 17, 2017

tata group steel cyrus mistry ratan tata share price motors voltas rumours cases legal battle coup corporate developments

Tata Steel leads Sensex rally, up 8% after upbeat Q4 results

Fourth quarter (Q4) profit before exceptional item rose sharply to Rs. 3,352 crore, revenues were up 30 percent on higher output and pricing for Tata Steel, triggering a rally in share price.

May 17, 2017

IBM India refutes reports of mass layoffs in the coming months; appraisal may affect a few

IBM India has about 1,50,000 employees in the country and it was earlier said that about 5,000 of them were likely to be shown the door in the next few months.

May 17, 2017

rbi, impact of demonetisation, impact of note ban, indian economy, rbi updates on note ban, pm modi, uttar pradesh election results 2017, congress, indian opposition parties

Small businesses suffer as India's bruised banks sit on deposits

Banks' worsening asset quality is making them reluctant to grant new loans, especially to small- and medium-sized enterprises (SMEs).

May 17, 2017

Terralogic and Matrium Technologies, Terralogic, Matrium Technologies

Terralogic, Matrium Technologies to jointly serve customers in Southeast Asia

The new entity is registered in Australia as Matrium Terralogic PTY Ltd. and will do business as Matrium Terralogic.

May 16, 2017

What is in the Labour Party manifesto?

The party are promising to renationalize energy, water rail and mail services, give an additional £6bn ($7.76bn) to the NHS, and raise corporation tax.

May 16, 2017

Supreme Court, bar council of india, llb admission. llm admission

Here's how much Indian user data WhatsApp shares with Facebook!

WhatsApp may have to pay a hefty fine in Italy for violating anti-trust rules. However, all eyes are now on India, where the Supreme Court is hearing a similar case.

May 16, 2017

nirupa shankar, brigade hospitality services, brigade enterprises,women directors in india, nirupa shankar on rera, gst and real estate, real estate companies in india

Brigade Hospitality Services' Nirupa Shankar hopes for 'achchhe din' this fiscal

Demonetisation hit real estate firms hard last year and this fiscal, the companies have to contend with RERA and GST; still the sector is optimistic, says Nirupa Shankar, director, Brigade Hospitality Services Ltd.

May 16, 2017

Ford likely to cut 10 percent of its global workforce in a bid to increase profits

Ford is likely to cut about 10 percent of its salaried workforce worldwide as the brand aims to boost its profits and stock.

May 16, 2017

stocks at 52 week high, buzzing stocks, eros share price, mrf share price, grasim share price, sensex, usd vs inr, indian stock markets

Benchmark indices hit record highs

The BSE Sensex opened at 30,391.48 and was trading at 30,478.66 at around 9.30 am.

May 16, 2017

Thermo Fisher to buy Patheon for $5.2 billlion to expand biopharma services

Thermo will also assume $2 billion in net debt, putting the cost of the deal at about $7.2 billion for Patheon, which generated $1.9 billion in revenue last year.

May 16, 2017

3 years of modi govt, modi govt, pm modi, bjp wins record mandate, sensex over the years, sensex since 2014, sensex and modi

Modi govt turns 3: Sensex gains 25% since May 16, 2014

The BJP-led NDA under Narendra Modi as prime ministerial candidate came to power in May 2014, triggering many highs for benchmark indices Sensex and Nifty.

May 16, 2017

Vedanta Q4 consolidated net profit at Rs 2,989 crore

Consolidated revenue rose 41 percent to Rs 22,371 crore.

May 15, 2017

ICICI Bank, HDFC slash home loan rates

For loans up to Rs 30 lakh, interest rate on home loan will be 8.40 percent for men and 8.35 percent for women, say ICICI Bank and HDFC; the cuts come a week after SBI made a similar reduction.

May 15, 2017