Business news

Celebs to be held responsible for ads? New law to let consumers file class-action suits

India is all set to get a new consumer protection law that will give the common buyer several facilities that people in the fast-growing economy need. Read to know more.

Jul 29, 2017

IL&FS bags Rs 4,899-crore Zojila tunnel project in rebidding

IL&FS earlier constructed the 10.89-km Chenani-Nashri tunnel on the Jammu-Srinagar Highway, inaugurated by Prime Minister Narendra Modi in April this year.

Jul 29, 2017

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The $2 billion bite: Apple pays up huge settlement to Nokia in patent dispute

The spat began last year when the tech giants locked horns over patents, with Apple filing an anti-trust lawsuit against third-party companies acting on Nokia's behalf.

Jul 29, 2017

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Can Maruti Suzuki's NEXA change the dimensions of Indian auto market? [VIDEO]

NEXA was launched almost two years ago with the S-Cross being its first offering. The premium division of Maruti Suzuki has since then grown considerably due to the popularity of NEXA products. Will NEXA change the dimensions of auto market?

Jul 29, 2017

ONGC gets govt go-ahead to buy 80% in GSPC for Rs 7,738 cr

Debt-ridden GSPC has made nine gas discoveries in the Bay of Bengal block, of which three have been approved for development.

Jul 28, 2017

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Watch cop bravely wrestle alligator in Florida

A Boynton Beach police officer wrangled an alligator and released it back into the wild earlier in July. Officer Alfredo Vargas had previous training in handling gators, and didnt want the little guy to be killed by a trapper. According to a Facebook post by the Boynton Beach Police Department, Vargas initially responded to a call of an alligator in front of a residents front door. After being told he would have to wait for a trapper to arrive – a trapper who would likely kill the alligator – Vargas safely wrestled the alligator into his patrol car and released it into a nearby canal.Officer Vargas doesnt know it yet, but weve just made him the departments official alligator wrestler (kidding but not really), the post said.

Jul 28, 2017

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Sir Richard Branson gives up control of Virgin Atlantic amid Delta-Air France deal

Sir Richard Branson has announced he will sell a 31% stake in Virgin Atlantic to Air France-KLM in a move that could bring an era of British aviation to an end.

Jul 28, 2017

Is GE's Jeffrey Immelt the frontrunner to take over as Uber CEO?

Now that Meg Whitman has clarified that she is staying with HPE, General Electric Co.'s Jeffrey Immelt seems to be a popular choice to take over as the CEO of Uber.

Jul 28, 2017

Under NCLT heat, RCom seeks time for Aircel merger, tower business sale

Says it is "running against time", in talks with China Development Bank to rethink its opposition to deal.

Jul 28, 2017

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

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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

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