Business news

75,000 mass layoffs in India's telecom sector in one year, more exits in future

Now, only 75 percent of the workforce remains in the telecom sector from a year ago and more exits are also expected to take place in the future.

Nov 15, 2017

Chief Executive Officer and Co-Founder Sujayath Ali at Voonik

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200 employees at Voonik may not get salary for 3 months: Report

The workers who are expected to be affected are largely from the product development and customer support team.

Nov 14, 2017

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Infosys seeks to tie up with AI and data analytics companies

Infosys plans to tie-up with firms which offer data analytics or artificial intelligence (AI) platforms to get more business from its existing customers.

Nov 14, 2017

Alibaba seeks CCI approval as it eyes stake in Big Basket

While the details of Alibaba's offer, such as value and quantum of investment, are not yet known, CCI in a note confirmed that the firm had expressed an interest Big Basket.

Nov 14, 2017

No single GST rate but finance minister hints at further rate cuts

Jaitley said that, "In four months, we have rationalised the 28 percent slab. Such rationalisation in future depends on revenue buoyancy."

Nov 14, 2017

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Over 60% housing projects in 50 cities delayed: Survey [VIDEO]

According to data from research firm Liases Forras, nearly 30% of under-construction apartments are delayed by two or more years.

Nov 13, 2017

As responsibilities expand, are chief marketing officers making way for chief growth officers?

The designation of chief marketing officer not only comes with a new name of chief growth officer, but also the responsibly of advertisement, promotion, strategy, growth, and customer satisfaction.

Nov 13, 2017

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FMCG companies set to reduce prices after GST rate cut; but benefits unlikely to reach consumers soon

Firms like Hindustan Unilever, Dabur, Amul, GlaxoSmithKline (GSK), Procter & Gamble, Nestle and Perfetti Van Melle said they have either decided to cut down prices or are planning to do so.

Nov 13, 2017

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State-owned banks suggest tweaks in lending structure to boost credit growth

With all such suggestions, bankers made a presentation to finance minister Arun Jaitley. In the meeting the Bankers also stressed on issues such as capital allocation, asset quality and credit growth.

Nov 13, 2017

Should Infosys prepare for some court dates? CAIT threatens legal action over glitches in GST network

The Confederation of All India Traders has said that the GST network issues are serious and they will have to take "shelter of the court of law" if no action is taken against Infosys.

Nov 13, 2017

Idea-Vodafone to sell tower business to ATC for Rs 7,850 crore

The telcos had announced their merger in March and post-merger, it will be the largest mobile operator in the country in terms of user base.

Nov 13, 2017

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

After launching inbox, Paytm gears up to buy daily deal sites Nearbuy and Little

Digital payments platform Paytm is gearing up to purchase Nearbuy and Little in a deal pegged at $30 million.

Nov 13, 2017

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI not to pursue proposal to introduce Islamic banking in India

Islamic or Sharia banking is a system of finance in which interest is not charged.

Nov 12, 2017

Air India gets Rs 1,500-cr loan from Bank of India for working capital requirement

The disinvestment-bound national airline is facing some serious headwinds with only IndiGo showing interest in buying the international business of the carrier that has a huge debt in its book and also roadblocks in selling non-core assets.

Nov 12, 2017

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Debit, credit cards, ATMs will be redundant in next 4 years: Niti Aayog CEO Amitabh Kant

India is the only country in the world with billion biometrics and as many mobile phones and bank accounts and therefore, in future, it will be the only nation which will make a lot of disruptions.

Nov 12, 2017

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