Business news

Siemens employees threaten to go on a strike after firm announces 6,900 job cuts worldwide

After Siemens announced that it would cut 6,900 jobs worldwide, numerous employees protested at Siemens' Berlin factory and said that they do not rule out strikes as a last resort.

Nov 20, 2017

Payments banks struggle to add more depositors after almost 1 year of operation

For payment banks, the central bank has capped the demand deposits at Rs 1 lakh in each account. Payment banks are not allowed to offer fixed deposits and provide loans to its customers.

Nov 20, 2017

100 Indian start-ups likely to get $1 billion investment from Xiaomi

Xiaomi and its investment arm Shunwei Capital will invest in businesses like content, financial technology, hyperlocal services, mobile phone repairs and manufacturing.

Nov 20, 2017

Pass on GST rate cut benefit to consumer or face action, Hasmukh Adhia tells companies

"I am not willing to accept their argument to postpone passing on the benefits to consumers till they have disposed of their old stocks," Adhia said.

Nov 20, 2017

It's time to land your dream job as Apple gears up to hire from IIT Bombay this placement season

Apple gave out application forms a while ago and students who applied for the roles and were short-listed by the firm will reportedly take up a test in the last week of November.

Nov 20, 2017

Infosys gears up for buyback offer; firm to purchase 11.3 crore shares from November 30

The programme starts on November 30 and closes on December 14 and during the period the firm will buy back 11.3 crore equity shares, shelling out Rs 13,000 crore at Rs 1,150 per share.

Nov 18, 2017

Reliance Communications and Aircel lash out at rivals for causing them 'irreparable damage' with false advertising

RCom and Aircel have now accused Bharti Airtel, Vodafone and Idea Cellular of trying to poach its customers through false advertising.

Nov 18, 2017

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5G Network to generate Rs 1.7 lakh crore revenue for Indian Telcos by 2026: Report

Ericsson on Friday showcased the first live 5G end-to-end demonstration in India using its 5G test bed and 5G NR Radio.

Nov 17, 2017

More trouble brewing? Aircel defaults on debt repayment amid reports of possible shutdown

Aircel has been failing to meet its loan repayment deadlines, due to which its account has been tagged as SMA1 (payment overdue between 31-60 days) by the State Bank of India and other lenders.

Nov 17, 2017

SEBI to investigate possible insider information leaks on WhatsApp

An Investigation revealed that as many as 12 cases where messages about many Indian companies were circulated in private WhatsApp groups.

Nov 17, 2017

Siemens to lay off 6,900 employees worldwide; faces the wrath of German trade union

About 6,900 employees are set to be shown the doors, out of which about 6,100 workers are likely to be from the power and gas division, which has been seeing a slowdown.

Nov 17, 2017