Business news

An employee of Infosys stands at the front desk of its headquarters in Bengaluru

Infosys transfers Rs 65 lakh in unclaimed dividend to investor protection fund in 3 years

The Companies Act mandates that companies should transfer dividend lying unclaimed for seven years, to the Investor Education and Protection Fund.

Feb 24, 2017

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Infosys: Likely share buyback; a look at its bonus history, capital structure

Ten shares acquired in 1993 at IPO price of Rs 95 per share would now be worth Rs 51,66,080

Feb 24, 2017

Has StayZilla shut down for good? Hotel aggregator says it will 'reboot its operations,' explains how it will move forward

StayZilla, one of India's largest start-ups to concentrate on hotel and homestay aggregation, has suspended operations, amid fears that it has shut down for good.

Feb 24, 2017

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Sensex, Nifty likely to cheer BJP's bull run in BMC elections; energy stocks to hog limelight after auction

In the Mumbai civic polls (BMC elections), the BJP got 81 seats as opposed to 32 in 2012, and was the second-largest party after Shiv Sena.

Feb 24, 2017

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Amazon and Flipkart's rival Snapdeal to lay off 2,500 employees, trim salary bill by half: Report

E-commerce firm Snapdeal, which competes with Amazon and Flipkart, plans to trim monthly salary bill to Rs 20 crore through lay-offs.

Feb 23, 2017

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Sovereign Gold Bonds: Govt comes out with new issue, check out details here

The Modi government will be issuing Sovereign Gold Bonds (IV series) starting February 27, 2017.

Feb 23, 2017

Carlos Ghosn, the man behind reboot of Nissan steps down as CEO

Hiroto Saikawa will assume his new role as CEO from April 1, 2017 while Ghosn will continue as chairman.

Feb 23, 2017

vijay mallya, vijay mallya absconding, vijay mallya extradition, vijay mallya bank loans, loans defaulters in india, kfa loans, kingfisher airlines, ub group

Indian 'fugitive' industrialist and F1 team boss Vijay Mallya sees no grounds for extradition

India wants Vijay Mallya to face trial for alleged conspiracy and fraud over a loan to his defunct Kingfisher Airlines.

Feb 23, 2017

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Reliance Jio effect: Bharti Airtel buys Telenor's India ops; Fitch retains negative outlook for telecom

Bharti Airtel will buy Telenor's India operations after Reliance Jio's aggressive plans; Fitch Ratings says Indian telecom sector continues to be negative.

Feb 23, 2017

Tata and Volkswagen may join hands for platform sharing; announcement expected at Geneva

An official announcement on the development is expected at the Geneva Motor Show in March where Tata Motors will unveil its first product under newly formed TAMO brand.

Feb 22, 2017

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SpiceJet shares skyrocket as budget carrier announces 'Lucky 7 Sale' offer

Shares of low-cost carrier SpiceJet rallied by almost 6.5 per cent on BSE as the airline announced "Lucky 7 Sale" for a limited period.

Feb 22, 2017

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

Snapdeal layoffs: If you work for e-commerce site then be afraid, says report

Snapdeal is reportedly on a layoff spree across its business verticals — logistics, digital payments and e-commerce. The company has apparently initiated the process of laying off about 600 people

Feb 22, 2017

Dakota Access Pipeline, Dakota Access Pipeline protest

US pipeline fights move from Dakota plains to Louisiana bayous

Opposition to the Energy Transfer Partners' planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline construction.

Feb 22, 2017

West Bengal offers new loan scheme: Borrow Rs 1 lakh, but return only Rs 70,000!

West Bengal Self-Help Group and Self-Employment Minister Sadhan Pande has said that the scheme will be implemented from FY 2017-18.

Feb 22, 2017

Flipkart planning to raise up to $1.5 billion from Google, PayPal, Microsoft, Tencent: Report

Last month, Fidelity had joined Morgan Stanley in marking down its investments in Flikpart by 36 percent, hitting valuation of the Indian online marketplace.

Feb 22, 2017

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