Business news

Cheque books, IFSC codes of six banks will be invalid after September 30: SBI

Users can avail the new cheque books via Internet and mobile banking, ATMs or by visiting the home branch, the lender said.

Sep 21, 2017

Yes Bank slashes 12% of its workforce citing digitisation, poor performance

A bank insider said that the lender will continue to cut jobs even in the near future to reduce redundancy, while attracting top talent for key growth functions.

Sep 21, 2017

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Theresa May urges tech firms to stop spread of extremism online

The British Prime Ministers UN address focused on stopping the spread of terrorism through use of the internet.

Sep 21, 2017

Silver lining: Cyrus Mistry's firms get NCLAT go-ahead to challenge Tata Sons

A NCLAT bench headed by Justice SJ Mukhopadhaya has asked NCLT to dispose of the matter in three months.

Sep 21, 2017

Sensex tanks 180 pts, rupee hits 10-week low as US Fed holds interest rate

The US central bank further said that in October, it would start reducing it's approximately $4.2 trillion in holdings of US Treasury bonds and mortgage-backed securities.

Sep 21, 2017

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P2P lending firms to be treated as NBFCs: RBI

The notification is a precursor to the guidelines the apex bank is likely to lay down soon for the regulation of P2P lending in India.

Sep 20, 2017

Tata Steel joins hands with Thyssenkrupp to build Europe's second largest steel enterprise

Tata plants in Netherlands and the UK will be combined with Thyssenkrupp's German assets.

Sep 20, 2017

Mahindra takes it up a notch; acquires Erkunt Traktor, unveils driverless tractor

Erkunt, established in 2003, is a Turkish tractor brand in Ankara.

Sep 20, 2017

SBI Life's Rs 8,400 crore IPO hits capital market; here's what brokerages say

Market analysts believe that the stock is fairly valued and advice subscribing to the issue due to its strong distribution network, brand value, superior product mix and healthy growth.

Sep 20, 2017

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Trai cuts cross-network connection charge: Advantage Jio, more worry for Airtel and Vodafone-Idea

While cutting the IUC, rate the authority added that the termination rates will be abolished from January 1, 2020.

Sep 20, 2017

Visa lifeline for IT: US H-1B premium visa processing is back on the rails

Premium processing has also been resumed for the annual 20,000 additional petitions set aside for workers with US higher educational degrees.

Sep 19, 2017

US defence firms want control over tech in Make-in-India plan

The US-India Business Council (USIBC) wrote to India's defence minister last month seeking a guarantee that US firms would retain control over sensitive technology -- even as joint venture junior partners.

Sep 19, 2017

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Aung San Suu Kyi breaks silence on Rohingya crisis

In an televised address Aung San Suu Kyi condemned all human rights violations in regards to the violent clashes in the Rakhine state that has seen over 400,000 minority Rohingya flee to Bangladesh. The defacto leader had previously been criticised for not speaking out. She stated she did not fear international scrutiny and wanted to find out why the Rohingya were leaving. Suu Kyi said she was committed to the restoration of peace and stability and the rule of law.

Sep 19, 2017

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Toys R Us files for bankruptcy

The largest toy store chain in the US, Toys R Us, has filed for bankruptcy protection. The chain has been facing pressure from online retailers and discount stores in recent years, and this latest move casts doubt on the future of thousands of staff, and their stores across the US and Canada.

Sep 19, 2017

Tata Sons plans to buy stake worth Rs 2,000 crore in Tata Motors, shares jump

It's the second instance since December 2016 when Tata Sons is buying a stake in Tata Motors.

Sep 19, 2017

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