Business news

Here's why breaking up Facebook won't address issues with content and security

The rumours began gaining momentum when Facebook's co-founder Chris Hughes had written an op-ed for the New York Times and suggested that the company should be separated into multiple companies.

Jun 14, 2019

Adani Gas shares rise 7% on reports of Total planning to buy 30% stake

With the deal in place, Total S.A. will have almost an equal stake in the company as the founder and chairman, Gautam Adani.

Jun 14, 2019

Ola to setup advanced technology centre in San Francisco Bay area

The Centre will be focusing on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles. It will be hiring talents across Technology, Product, including specialists in Artificial Intelligence and Machine Learning.

Jun 14, 2019

HCL to train students for IT jobs, plans to pay Rs 10,000 stipend

HCL-Tech Bee will be rolling out hiring and training processes for post-intermediate students. Aspirants should have 60% marks and mathematics as a subject. Trainees will be given a stipend of Rs 10,000 per month.

Jun 13, 2019

Here's why Modi govt wants ONGC to sell its golf courses in Gujarat

ONGC's golf courses in Ahmedabad and Vadodara are listed under non-core assets by Department of Investment and Public Asset Management (DIPAM).

Jun 13, 2019

Adani wins final approval for long delayed Australian coal mine

The mine would produce 8-10 million tonnes of thermal coal a year, and cost up to $1.5 billion.

Jun 13, 2019

Infosys to digitally transform Finnish postal company Posti

Infosys will be helping the Finland-based postal company manage a cloud workspace and will digitize the infrastructure to a flexible IT service model.

Jun 12, 2019

Will Sitharaman cross lines of control to bomb ease of doing business hurdles?

Prime Minister Narendra Modi's biggest task is to bring India on par with China on ease of doing business index and Sitharaman is his best bet for the task.

Jun 12, 2019

Wipro CEO Abidali Neemuchwala gets 41% salary hike, overtakes Infosys chief Salil Parekh

Abidali Neemuchwala received about Rs 6.9 crore as salary and allowances, Rs 6.17 crore as commission and variable pay, about Rs 13.85 crore as others and rest in long-term compensation.

Jun 12, 2019

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Financial fraud watchdog asks RBI to investigate why warning bells about imminent IL&FS crash would go up to only a certain level in the hierarchy.

Jun 12, 2019

Patanjali: Rapid expansion taking a toll on Baba Ramdev's biz? Sales plunge 10%

Customers were snapping up Patanjali Ayurved's affordable, Indian-made products such as coconut oil and ayurvedic remedies, in a mounting threat to foreign companies that had bet big on India.

Jun 12, 2019

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Modi govt drags Deloitte, KPMG affiliate BSR to NCLT; seeks 5-year ban

The two firms won't be allowed to audit any listed or unlisted company, including banks and non-banking financial companies (NBFCs), for five years if the proposed punishment is accepted by the NCTL.

Jun 11, 2019

Does Sitharaman's 'surgical strike' show PM Modi's displeasure over Jaitley's term?

Poll-bound PM Modi's worst headaches were the departments under the finance ministry that churned out contradictory data on the state of the economy exposing the government to relentless opposition fire.

Jun 11, 2019

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Debt-ridden Suzlon faces loan repayment default even as shares nosedive

Suzlon's losses have increased from Rs 384 crore in 2018 to Rs 1537 crore in 2019. The company has a debt of about Rs 11,141 crore.

Jun 11, 2019

IMA fraud: How do you find out if an investment plan is really a Ponzi scheme?

Ponzi schemes are characterised by the paying of 'profit' or returns to subscribers from money collected from later subscribers and the business will collapse when the addition of new clients tapers off.

Jun 11, 2019