Business news

Who is Nikesh Arora? New CEO of Palo Alto Networks gets a whopping $128 million package

Nikesh Arora begins his role as the CEO and chairman at Palo Alto on Wednesday, June 6. The 50-year-old is also investing about $20 million (about Rs 130 crore) in shares of Palo Alto, apparently to prove his loyalty to the company.

Jun 6, 2018

Howard Schultz steps down as Starbucks chairman, may consider a future in politics

The chairman, known for his strong opinions, says he is mulling his options and has not ruled out running for President.

Jun 5, 2018

Chinese regulators begin probe into Samsung Elec, SK Hynix

A Samsung spokesman said the company was cooperating with the Chinese authorities, but did not provide more details on the visit.

Jun 5, 2018

2019 Startup World Cup by Fenox Ventures

The Birth of the Second Generation Union

The financial services market is expected to invest close to €1.2 billion (roughly $1.4 billion) by 2021 to implement blockchain technology for cross-sector remittance and payments.

Jun 4, 2018

Reliance Group raises Rs 1,400 cr by listing UK-based Codemasters

According to Reliance Group, it has monetised approximatley 60 percent stake in Codemasters, and will continue holding 29 per cent post this offering.

Jun 1, 2018

Did ICICI bank ask tainted CEO to go on leave? Shares rise 3% as Chanda Kochhar moves on

ICICI Bank has denied it has asked tainted CEO Chanda Kochhar to go on leave. Earlier, a pink daily reported that the board decided that Kochhar should stay away until a probe into alleged irregularities in the Videocon loan was over. The report had also discussed a succession plan at ICICI bank.

Jun 1, 2018

Mahindra signs MOUs with Government of Maharashtra

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Mahindra signs MOUs with Maharashtra government for electric vehicle manufacture, deployment

Mahindra & Mahindra plans to become fully electric ready by further investing in its Chakan plant for the manufacture of EVs, e-motor, controller, battery pack and other electric vehicle components for multiple mobility applications.

Jun 1, 2018

Asia stocks slump as US tariffs fan trade war fears

Fears of a global trade conflict were rekindled as Washington's allies took steps to retaliate against the US measures. The country has said that it would impose tariffs on aluminum and steel imports from Canada, Mexico and the EU.

Jun 1, 2018

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Political worries set to check Indian stock market bulls: Reuters poll

The surge in crude oil prices, India's biggest import item, has also weighed on stocks and may push the Reserve Bank of India to raise rates much earlier than previously thought.

May 31, 2018

India's growth likely topped 7 percent again in January-March quarter

The biggest risk India faces is rising crude oil prices LCOc1, which this month hit $80 a barrel, their highest since 2014.

May 31, 2018

Videocon dirty loan: Why did ICICI Bank take so long to launch probe into CEO Chanda Kochhar?

ICICI Bank and CEO Chanda Kochhar have been battling allegations of conflict of interest over loans given to Videocon. The bank had so far defended Kochhar, saying internal investigations had found no proof for any wrongdoing by her.

May 30, 2018

Fashion shopping can become cheaper as e-retailers push for private label brands

Nearly 500 million Indians use internet, making the country a lucrative market for e-retailers. Flipkart, a homegrown e-commerce website, and Amazon are offering huge discounts to lure customers.

May 30, 2018

Thoothukudi firing: Police ignored rules, gave no warning before shooting protesters, say eyewitnesses

The deadly protests saw 13 people being killed in police firing. India's government funded National Human Rights Commission has said it will send a team of investigators to Thoothukudi to carry out its own probe.

May 30, 2018

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Maruti Suzuki brand value surges, breaks into list of global top 10 auto brands

Maruti Suzuki is the largest carmaker in India with nearly 50 percent market share. The Indo-Japanese company has been ranked ninth according to the global brand value auto list by BrandZ.

May 30, 2018

AirAsia India denies 'wrong-doing' as CBI probes Group CEO

AirAsia (India) is a joint venture between Tata Sons and AirAsia Berhad, with AirAsia Investment. It started operations in 2014 and currently flies to 20 destinations across India.

May 30, 2018

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