Business news

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Two-wheeler-makers report mixed results in volume sales despite discount-driven BS III push

With the ban on sale of BS III vehicles kicking in from April 1, companies disposed off old vehicles by offering huge discounts.

Apr 4, 2017

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Mahesh Kumar Jain appointed as Managing Director & CEO of IDBI Bank

Earlier, he was the Managing Director & Chief Executive Officer of Indian Bank.

Apr 4, 2017

Powered by Tiago and Tigor, Tata Motors' Sanand plant to touch 100% production soon

Tata Motors plan to produce around 10,000-12,000 cars per month that include Tiago, Tigor and Nano.

Apr 4, 2017

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Footage shows people escaping train carriage minutes after St Petersburg blast

A video, filmed minutes after a blast at St Petersburg metro station in Russia, shows people escaping the train carriage, with some lying injured on the platform. At least 11 people were killed and 45 others injured after an explosion rocked the subway on 3 April. An anti-terror investigation has been launched but other possible causes are also being investigated. Russian Prime Minister Dmitry Medvedev has described the explosion as a terrorist attack.

Apr 4, 2017

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New explanation for why fertility declines with age emerges

Researchers at the University of Montreal Hospital Research Center (CRCHUM) have discovered a possible new explanation for female infertility. Age-related female infertility is explained by a defect in the choreography of chromosome sharing during cell division in eggs before they are fertilised. This video shows chromosome segregation in mouse eggs. The spindle is labelled in green while the chromosomes are labelled in red.

Apr 3, 2017

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SoftBank pulls out of Snapdeal funding round: Report

Indian e-commerce company Snapdeal is planning to raise around $200 million but SoftBank is apparently not keen on participating.

Apr 3, 2017

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Post-merger, SBI opens with 500 million customers

Five associate banks of State Bank of India (SBI) and Bhartatiya Mahila Bank merged with the SBI effective from April 1, 2017.

Apr 3, 2017

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Narayana Murthy criticises Infosys COO Pravin Rao's salary hike

In an email, the Infosys founder said it was "not proper" for the company to increase the compensation for a top level person by 60-70 percent when it was raised for most employees by 6-8 percent.

Apr 3, 2017

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Royal Enfield motorcycle sales rise 31% in FY17

Sales of Royal Enfield motorcycles stood at 6.66 lakh units in 2016-17 as against 5.08 lakh units in 2015-16.

Apr 1, 2017

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Sun Pharma, Aurobindo, Lupin, Cipla witness fall in US sales

Sale of generic drugs in the US during the past seven months shows interesting trends.

Mar 31, 2017

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Huawei reports 32% rise in sales in 2016 but profit remains flat

In 2016, Chinese tech firm Huawei saw its sales grow 32 percent to $75.1 billion, yet net profit was flat at $5.3 billion.

Mar 31, 2017

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Why associate bank employees are unhappy as five banks merge with SBI

The biggest grievance is the provident fund (PF) benefit which is being extended to these employees is with effect from April 1, 2017, and not their dates of joining.

Mar 31, 2017