Business news

Sensex drops 447 points on rupee slipping to 4-month low

The rupee fell 31 paise to 65.12 against the dollar, its lowest level since May 23 in early trade at forex market.

Sep 22, 2017

PSB consolidation: Dena Bank, Vijaya Bank enter into merger talks

The merger was initiated keeping in mind the geographical reach of both banks -- Vijaya Bank in southern India, and Dena Bank in the west.

Sep 22, 2017

Uber stripped of its licence to operate in London over safety and security concerns

London's transport regulator has stripped Uber of its licence to operate from the end of September 2017. Read to know more.

Sep 22, 2017

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IPO plans of IRCTC, IRFC may go off the rails for now

In the case of IRCTC, it is the service charge issue, and in IRFC's case, it is about deferred tax liabilities.

Sep 22, 2017

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In a first, Baba Ramdev's Patanjali to tap equity-linked fund to raise Rs 1000 crore

Currently the company has 50 manufacturing units and it is planning to scale up production at its existing facilities in Maharashtra, Assam, Andhra Pradesh.

Sep 22, 2017

NDTV denies reports of SpiceJet owner Ajay Singh picking up majority stake

Promoter shareholding in NDTV as of June 2017 stood at 61.45 percent, while the remaining 38.55 percent is held by the public.

Sep 22, 2017

Getting fiscal: Govt to push Rs 50,000-crore stimulus package to turbocharge growth

The move could widen the fiscal deficit, but it is a risk the government will take to tackle slowing growth.

Sep 21, 2017

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Shareholders wave the green flag, Tata Sons to go private

AGM also discusses giving voting rights to preferential shareholders of Tata Group.

Sep 21, 2017

Cheque books, IFSC codes of six banks will be invalid after September 30: SBI

Users can avail the new cheque books via Internet and mobile banking, ATMs or by visiting the home branch, the lender said.

Sep 21, 2017

Yes Bank slashes 12% of its workforce citing digitisation, poor performance

A bank insider said that the lender will continue to cut jobs even in the near future to reduce redundancy, while attracting top talent for key growth functions.

Sep 21, 2017