Business news

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

On Thursday, lenders led by State Bank of India decided to refer Essar Steel, Electrosteels and Bhushan Steel to the National Company Law Tribunal; the three companies together owe about Rs 1 lakh crore to banks.

Jun 23, 2017

RBI announces members of oversight panel to tackle bad loans

The panel will oversee restructuring of troubled loans, as it strives to cut more than $150 billion of bad debt accumulated by banks.

Jun 22, 2017

Tata Steel's Noamundi mine wins 'Most Innovative Environmental Project Award'

A total of 80 companies from different sectors participated in GreenCO Summit 2107.

Jun 22, 2017

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Social Samosa founders launch ChaiBiscuit.com

ChaiBiscuits.com aims to be a social laundry bag that brings to the coffee table 'taboo and off-limit' topics in a light-hearted manner.

Jun 22, 2017

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Infosys, HDFC, HDFC Bank, ICICI Bank, TCS, Axis Bank are favourites among foreign investors

While foreign portfolio investors (FPIs) increased their stake in Infosys, HDFC Bank and Axis Bank between 2007 and 2017, they pared their holdings in ICICI Bank.

Jun 22, 2017

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Infosys Finacle wins four international banking excellence awards

The awards were instituted by The Asian Banker.

Jun 22, 2017

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HP Inc unveils Pavilion, Spectre convertibles with Windows Ink

HP Pavillion x360 and HP Spectre x360 will be available on HP online store, HP World stores, leading e-commerce portals and retail stores.

Jun 22, 2017

New twists: Nepal recalls Ramdev's Patanjali products after microbial test 'fail'

Haridwar-headquartered company instructed to start recall of products from the Nepalese market.

Jun 22, 2017

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Uber CEO Travis Kalanick resigns

CEO and co-founder of Uber Travis Kalanick has resigned from his post amid a number of scandals within the company and growing consumer and investor backlash.

Jun 22, 2017

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Sensex, Nifty give up gains, end on a flat note

Select stocks such as GMR Infra, HDFC Bank, Interglobe, SpiceJet hit new highs even as Sensex crossed 31,500.

Jun 22, 2017

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Ad hawk's wings clipped: Realty firms must clear projects with RERA before promoting them

The move is set to hit the advertising budgets of an already subdued real estate market in a big way.

Jun 22, 2017

Clooney's tequila lapped up by Diageo for $1 billion

Clooney created Casamigos in 2013 with developer Mike Meldman and entrepreneur Rande Gerber. The tequila is made in Mexico by an undisclosed partner.

Jun 22, 2017

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Infosys sued in US: Will it hit firm's plans to hire 10,000 employees in America?

Former head of immigration Erin Green has filed a lawsuit against Infosys, accusing the IT giant of discrimination against non-Asian employees and retaliation by the senior management.

Jun 22, 2017

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CDSL IPO oversubscribed 169 times, poised for spectacular listing

Central Depository Services (India) Limited, or CSDL, whose IPO closed on Wednesday, was oversubscribed heavily; the shares are likely to list at a premium.

Jun 21, 2017

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Air India may be sold to Tata Group, Singapore Airlines: Report

Amid reports of the Modi government keen to privatise national carrier Air India, there is a buzz that it could be bought by Tata Group and Singapore Airlines.

Jun 21, 2017

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