Business news

All froth, no growth: Vijay Mallya never planned to repay Kingfisher loan, says CBI

Agency accuses him of seeking a SBI loan on the Kingfisher brand using deliberately exaggerated financials, different from that supplied to lending banks earlier.

Jun 30, 2017

IT sector employees likely to see a maximum hike of 9% even after months of delay in increment

Most companies are likely to give out hikes on the basis of the growth in its revenue, amounting to about 6-8 percent.

Jun 30, 2017

Fast forward; GST set to transform face of Indian logistics industry

GST has paved the way for ultra-modern storage sites with automated conveyers, RFID-enabled tracking and IT-enabled warehousing management systems.

Jun 30, 2017

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CDSL lists at Rs 250 against issue price of Rs 149, rises further

The IPO of CDSL was oversubscribed almost 169 times, resulting in a stellar listing at almost 68 percent premium to issue price of Rs 149.

Jun 30, 2017

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Sensex reverses losses, up 50 points led by Sun Pharma, ITC

The BSE Sensex recovered lost ground and was trading just 39 points lower; Sun Pharma and ITC are top gainers.

Jun 30, 2017

Play

10 years of the iPhone

Ten years ago, Steve Jobs unveiled the first generation of the iPhone, ten years later it and amp;#39;s been through multiple changes, Newsweek looks closely at some of them.

Jun 29, 2017

Buy, buy, baby: RBI's checks can make the banks bounce

Guidelines on third party product sales from the banking regulator may not really stop banks from mis-selling.

Jun 29, 2017

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Home interior design firm Livspace opens Design Centers

The company plans to open more such stores over the next 12-18 months.

Jun 29, 2017

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Warren Buffett's Berkshire on verge of becoming BofA's top shareholder

'Sage of Omaha' to go in for share swap after bank boosts third quarter dividend by 60 percent.

Jun 29, 2017

Air India: Indigo, foreign airlines show interest in buying stake

Low-cost carrier Indigo has made an "unsolicited" offer to buy stake in national carrier Air India on Thursday, a day after Modi government decide to divest.

Jun 29, 2017

H-1B visa holder salary must be hiked to $80,000, says American Labour Secretary

Increasing the minimum salary from the current $60,000 could be more bad news for Indian tech companies.

Jun 29, 2017

The sharing economy: Co-working spaces are the next investment plays

Huge pent-up demand for shared working spaces will attract a flurry of funding activity from institutional investors.

Jun 29, 2017

After reported layoffs, Cognizant delays promotions and salary hikes by 3 months

Cognizant Technology Solutions (CTS) has deferred promotions and salary hikes of its employees by three months, due to higher business costs, visa curbs and slow growth.

Jun 29, 2017