Business news

Bank employees to stage protests on September 15

The banking sector wants the government to focus on concerns such as staff shortage and real recovery of Non-Performing Assets (NPAs).

Sep 12, 2017

arun jaitley, jaitley to meet bankers on 12 june, psu banks npas, bad loans, npa ordinance, gst implementation, it minister to meet head honchos

Indian banks need $65 billion capital to meet Basel rules by March 2019

Stressed loans in Indian banks hit a record $150 billion at the end of December, with state-run lenders accounting for the bulk of it.

Sep 12, 2017

Hammer price! SC orders auction of Sahara's luxurious Aamby Valley township

The apex court asked Sahara chief Subrata Roy to deposit Rs 1,500 crore with market regulator SEBI by September 7, to avoid the auction of the township.

Sep 12, 2017

Voonik offers 'Flipkart price, but Myntra experience,' says CEO Sujayath Ali [VIDEO]

Sujayath Ali, the CEO of online marketplace Voonik, recently spoke on 'Biz Talk' to International Business Times and revealed the idea behind Voonik and its operations.

Sep 12, 2017

Amazon to double offices in India, will boost hiring

The new Amazon offices in Hyderabad, Bengaluru, Pune, Chennai and the National Capital Region (NCR) will work for its both domestic and global customers.

Sep 12, 2017

Horsepower vs bulldozers: Govt's electric impulse needs a better policy plug

We have some way to go before the creation of an EV ecosystem which the consumer can't escape.

Sep 11, 2017

Direct tax revenue grows 17.5% to Rs 2.24 lakh cr in Apr-Aug

Collection is 22.9 percent of the total Budget Estimates of direct taxes for 2017-18

Sep 11, 2017

Insolvency case: SC tells Jaypee Infratech to fork out deposit of Rs 2,000 crore

Buyers approached the apex court to protect their money after they could not take possession of their flats.

Sep 11, 2017

GST peppered with input credit claims for Rs 62,000 crore in July

Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.

Sep 11, 2017

Bad loans: Credit rating must for next set of NPAs, says RBI

The lenders have informally informed companies regarding the on-the-rating requirement, but no official communication on this yet.

Sep 11, 2017

Infosys to ensure growth continues despite demand pressures, cost cuts

The Bengaluru-based IT services firm reported 30.1 percent onsite employee effort against an overall utilisation rate of 80.2 percent as of June 30.

Sep 11, 2017

Shrugging off Sikka tremors, Infosys buys UK design firm for Rs 63 crore

The IT major acquired the global product design studio company in an all-cash deal worth approximately 7.5 million pounds (Rs 63 crore).

Sep 11, 2017

Infosys to continue hiring 6,000 a year

The company has also increased its hiring process in the US and European markets in a bid to tap opportunities and work on the visa-related issues.

Sep 11, 2017

New telecom policy's ambitious target: Internet access to 1.3 billion Indians

The government last year decided to introduce a new telecom policy to facilitate growth of the sector and meet the requirements of next generation technologies.

Sep 11, 2017

I-T department to bash the #, examine social media profiles of taxpayers

I-T department will launch 'Project Insight' to use Big Data analytics to match information from social media sites for mismatches between spending patterns and income declarations.

Sep 10, 2017