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Etihad Airways finds investments in Alitalia, Air Berlin, Jet Airways not paying off

Picking up stakes in Alitalia, Air Berlin to drive growth does not seem to be paying off in catch-up with bigger rival Emirates.

May 20, 2017

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New GST rates leave service providers worried

The Goods and Services Tax will have rates of 5, 12, 18 and 28 percent for services such as telecoms, insurance and restaurants, and experts feel the four rate bands could complicate compliance and give more power to tax authorities.

May 20, 2017

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Bitcoin's murkier rivals line up to displace it as cybercriminals' favourite

Bitcoin addresses are anonymous, but users can be traced through IP addresses or by analysing money flows.

May 19, 2017

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The moment a young Mark Zuckerberg realises he has been accepted to Harvard

Mark Zuckerberg released video on 18 May of the moment he learned of his acceptance into Harvard University, where he later developed and founded Facebook. Zuckerberg said he released the video, filmed by his dad, ahead of his return to Harvard to receive his honorary degree. In the footage, he is seen in his bedroom opening an email from Harvard while dressed in his pyjamas.Yay, I got accepted, a teenage Zuckerberg says softly, before his father Edward Zuckerberg begins cheering.In the comments section on the Facebook post Zuckerberg provided some insight into the video.Before I went to college, my mom bet me Id drop out and my younger sister bet me shed finish college before me. I bet them Id get a degree. Now I suppose the cycle is complete, he wrote.

May 19, 2017

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Jet Airways-investor Etihad Airways could merge with Emirates: Economist

Etihad holds 49 percent stake in Alitalia and 30 percent in Air Berlin.

May 19, 2017

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US imposes sanctions on eight Venezuela supreme court justices as violence continues

The US Treasury department announced on May 19 new sanctions on Venezuelan officials for alleged human rights abuses. The news comes as the month-long protests and deadly clashes continued against President Nicolas Maduros government.

May 19, 2017

IT layoffs: Nasscom says IT sector still hiring but warns employees to 're-skill or perish'

Nasscom revealed that the companies added about 1.7 lakh jobs in the 2016-17 period and also said that the IT giants can be expected to hire about 1.5 lakh employees this year.

May 19, 2017

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RP-Sanjiv Goenka Group's CESC announces business restructuring scheme

This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures," Group Chairman Sanjiv Goenka said.

May 19, 2017

Freudenberg's seven business groups generated sales of Rs 1,483 crore in India

Freudenberg has six R&D centers and 14 production sites in India.

May 19, 2017

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Hudco lists at 22% premium to issue price

The Hudco IPO was oversubscribed 79 times; the share listed at Rs 73.45 on the BSE.

May 19, 2017

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Stock markets end trading on a flat note after a day of volatile trading

State Bank of India's Q4 net profit rises 122% YoY to Rs 2,815 crore from Rs 1,264 crore.; net NPA at 3.74 percent; shares up 1.55 percent.

May 19, 2017

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State Bank of India Q4 results: Will SBI declare bonus shares, the first in its history?

State Bank of India (SBI) will be declaring its Q4 and FY2017 results on Friday; shareholders would hope for a bonus issue, the first in the bank's history.

May 18, 2017

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Quess Corp beats TCS, Infosys, Wipro in hiring

Business services provider Quess Corp hired more than TCS, Infosys and Wipro did in 2016-17, apart from posting upbeat results.

May 18, 2017

Cisco Systems to lay off 1,100 employees as part of restructuring plan

Cisco Systems announced on Wednesday that it would lay off 1,100 employees. The company, based in San José, California, had announced 5,500 job cuts in August 2016.

May 18, 2017

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Sensex, NSE trading in the red; crucial GST Council meeting to finalise rates begins today

Both Sensex and Nifty were trading with losses, tracking global sell-off; 14th GST Council meeting begins today.

May 18, 2017

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Union minister Ananth Kumar passes away at 59; PM Modi, President Kovind offer condolences

21 hours ago