Business news

Share transfer: Supreme Court rejects SpiceJet's plea, directs it to pay Rs 579 crore

Arbitration proceedings between the parties are underway and are likely to be wrapped up within six months.

Jul 28, 2017

British liquor giant Diageo asks Vijay Mallya to return Rs 260 crore

Diageo has stopped payment of Rs 45.5 crore ($7 million) a year to Mallya as part of the deal and sought compensation for the losses incurred by it.

Jul 28, 2017

Accenture's first Innovation Hub in Bangalore helps clients embrace digitisation in vibrant atmosphere

Accenture's Innovation Hub in Bengaluru offers clients access to its deep industry knowledge, leading technology capabilities and business acumen in more than 40 industries.

Jul 28, 2017

Snapdeal outpaces Amazon and Flipkart in delivery times across India, research shows

Snapdeal-Flipkart merger a distant dream? 30 stakeholders yet to approve deal

While Ratan Tata, BlackRock, Temasek and Foxconn have given Snapdeal in-principle approval to merge with Flipkart, about 30 stakeholders are yet to give a nod to the Rs 5,400 crore deal.

Jul 28, 2017

Play

Jeff Bezos loses world's richest person title in less than a day; Bill Gates regains top spot

A surge in Amazon.com shares on Thursday in advance of the online retailer's earnings report had briefly propelled CEO Jeff Bezos past Bill Gates as the world's richest person.

Jul 28, 2017

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel

When management promises turn out to be sheer mirage, there arise glaring examples of the high quantum of mismanagement which banks and taxpayers face.

Jul 27, 2017

Chip off the old block: Samsung topples Intel as leading computer chip maker

The meteoric rise of the IBM PC carried Intel to the top of the semiconductor market in 1992, when it overtook NEC. That era ended on Thursday.

Jul 27, 2017

Maruti Suzuki Q1 profit rises 4.4%; misses analyst estimates

But the car maker missed estimates, as rise in commodity prices and the GST impact ate into its earnings pie.

Jul 27, 2017

air india, cbi registers case against ai ia merger, cbi to probe purchase of 111 aircraft, upa scams, modi govt, fm arun jaitley, merger of air india and indian airlines

Selloff looms ahead, and Air India tags on more wings

Three Boeing 777-300 ER and as many 787-8 planes to join fleet by March 2018

Jul 27, 2017

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

After high-level exits at Infosys, hard focus on Vishal Sikka's longevity

Infosys has witnessed a number of high-level exits in the last few months and the firm's co-chairman Ravi Venkatesan hopes that CEO Vishal Sikka turns things around and stays on at the company.

Jul 27, 2017

parliament, monsoon session, lok sabha, rajya sabha, gst, cattle, bjp, congress, pm modi, arun jaitley

Labour Law: Union Cabinet approves minimum wage code bill

The bill is slated to be introduced in the upper house of the Parliament during the ongoing monsoon session.

Jul 27, 2017

Telecom War: Airtel to launch VoLTE service to counter Reliance Jio

"We believe that this (JioPhone) could propel the launch of cheaper phones in the market and that is something that we embrace," Gopal Vittal.

Jul 27, 2017

Byju's on a roll: Raises funds from Tencent after acquiring TutorVista and Edurite

After acquiring TutorVista and Edurite from London-based Pearson Plc, Byju's has landed an investment deal with Chinese internet giant Tencent Holdings Limited.

Jul 27, 2017

Axis Bank set to take Freecharge off the market in a deal valued at Rs 385 crore

Axis Bank is reportedly nearing a deal to buy Snapdeal's Freecharge and the deal valued at about Rs 385 crore ($60 million) could be announced on Thursday, July 27.

Jul 27, 2017

Vivo employees vandalise premises, clash with security personnel after layoffs

After Vivo India sacked about 20 employees, over 100 workers gathered at the brand's Greater Noida manufacturing plant and protested against the company and even clashed with its security personnel.

Jul 27, 2017

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