Business news

Who are Rahul Bhatia and Rakesh Gangwal? Here's all about the IndiGo promoters

Rakesh Gangwal has accused Rahul Bhatia of using unusual controlling rights in the company.

Jul 11, 2019

Byju's raises $150 mn from investors led by Qatar wealth fund; education startup now valued at $5.5 bn

Venture capital fund Owl Ventures also participated in the funding round and the proceeds will be used for international expansion.

Jul 11, 2019

Will IndiGo tread Jet's path as promoters clash over governance?

Differences between Gangwal and Bhatia have reached a stage where they could affect the day-to-day operations of India's largest airline; Sebi forced to intervene

Jul 10, 2019

Nirmala Sitharaman's major challenge ahead: How to widen income tax net?

India is hugely a 'subsidised' nation where agriculturists, forming the biggest chunk at 75 percent of the population, are availing the tax exemption citing the agricultural income.

Jul 10, 2019

General Atlantic, Temasek and Goldman Sachs vie for 10-12% stake in BookMyShow

The three investors plan to outgun small shareholders like SAIF Partners that holds 5.6 percent stake in BookMyShow.

Jul 10, 2019

'Deposit 18,000 crore to travel abroad': Delhi High Court tells Naresh Goyal

The court expressed apprehension that the founder and former chairman of the airline may not return like others facing allegations of frauds, refused interim relief to him.

Jul 10, 2019

TCS seeks double-digit growth as key markets face slowdown

TCS, like its peers in the over $150 billion Indian IT services sector, is heavily dependent on clients in North America and Europe.

Jul 10, 2019

CarDekho in aggressive expansion mode; to hire 2,000 people in tech and business verticals

About 30 percent of the new recruits will be for the tech division and 20 percent for the management verticals related to insurance, fintech, retail and digital.

Jul 9, 2019

Deutsche Bank cuts 18,000 jobs in €7.4 billion overhaul

Hundreds of employees from New York, Tokyo and London offices saw that their careers "ended in an envelope, a hug and a cab ride".

Jul 9, 2019

Bombay Stock Exchange building BSE dalal street

Sensex tanks 200 points as bloodbath continues on Dalal Street, Nifty falls below 11,481

Sensex and Nifty fell as the Union Budget 2019 disappointed Dalal Street, which continued to react negatively to the Budget proposal.

Jul 9, 2019

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Cognizant former executives lead the race for Mindtree top job as company share hits a 52-week low on NSE; second-rung leadership worried about the firm's future.

Jul 9, 2019

Oyo segregating its hotel business to 3 major verticals

The Indian business vertical has been growing after the appointment of Aditya Ghosh, the former Indigo president, as the CEO.

Jul 8, 2019

The Air India plane flying the inaugural trip from Lucknow,

Air India disinvestment: Modi govt expected to set October deadline for strategic sale

The proposed dialogue with potential buyers and the process of issuing bid documents for expression of interest is likely to happen simultaneously later this month.

Jul 8, 2019

Bengaluru to host Uber's biggest hub

The process of leasing has been going on for the last two years and Uber has successfully taken about 3 lakh square feet of land under its lease in Bengaluru's Outer Ring Road.

Jul 8, 2019

Zomato, Pune restaurant fined Rs 55,000 for serving non-veg food to vegetarian

Shanmukh Deshmukh had approached a court after he was served butter chicken on an order of paneer butter masala.

Jul 8, 2019

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Business news

Who are Rahul Bhatia and Rakesh Gangwal? Here's all about the IndiGo promoters

Byju's raises $150 mn from investors led by Qatar wealth fund; education startup now valued at $5.5 bn

Will IndiGo tread Jet's path as promoters clash over governance?

Nirmala Sitharaman's major challenge ahead: How to widen income tax net?

General Atlantic, Temasek and Goldman Sachs vie for 10-12% stake in BookMyShow

'Deposit 18,000 crore to travel abroad': Delhi High Court tells Naresh Goyal

TCS seeks double-digit growth as key markets face slowdown

CarDekho in aggressive expansion mode; to hire 2,000 people in tech and business verticals

Deutsche Bank cuts 18,000 jobs in €7.4 billion overhaul

Sensex tanks 200 points as bloodbath continues on Dalal Street, Nifty falls below 11,481

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Oyo segregating its hotel business to 3 major verticals

Air India disinvestment: Modi govt expected to set October deadline for strategic sale

Bengaluru to host Uber's biggest hub

Zomato, Pune restaurant fined Rs 55,000 for serving non-veg food to vegetarian

Infiltration bid foiled on LoC; arms, narcotics recovered from killed terrorist [details]

Omar 'disagrees' with his father on "The Kashmir Files" role in igniting violence [details]

Month after CBI raids, senior IAS officer of J&K transferred to Mizoram [details]