Business news

No child's play: GST migrations caused systems crashes at retail firms, says toy company

Ahead of GST launch on July 1, many retail firms suffered systems shutdowns while migrating from VAT-oriented taxation formats, hitting their supplies for a week.

Jul 14, 2017

This 86-year-old has become a billionaire on new iPhone rumours

TSMC's venerable co-founder holds a 0.3 percent share whose 25 percent surge has put him in the billionaire league.

Jul 14, 2017

Hunt for new Uber CEO heats up as Nikesh Arora, Marissa Mayer among executives willing to fill Travis Kalanick's shoes

Uber has reportedly received numerous interests and among them is former Google sales executive Nikesh Arora, who has also previously worked with SoftBank Group as president.

Jul 14, 2017

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Infosys reports marginal fall in June quarter net profit

Shares up as Infosys raises revenue guidance for fiscal 2018.

Jul 14, 2017

Will Snapdeal merge with Infibeam and create $2 billion firm after rejecting Flipkart's buyout bid?

While it is being said that Infibeam has even put in a term sheet and may value Snapdeal at $1 billion, the Ahmedabad-based firm has denied that it has made any bid for the online marketplace

Jul 14, 2017

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Tilting at turbines: Fanning wind energy growth will need time; and, a perfect storm

India's renewable energy targets for 2022 seem steep for an industry hamstrung by spatial and technological limitations.

Jul 13, 2017

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Catholic Syrian Bank mulls IPO again: Report

The Kerala-based private bank could not succeed in selling stake to Prem Watsa's Fairfax Financial Holdings and is now exploring listing as an option.

Jul 13, 2017

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Washing up: Vijay Mallya laundered Rs 1,301.67 crore, says Enforcement Directorate

The agency alleged that the only purpose of 13 shell companies under Mallya's control was to either obtain loans or launder money.

Jul 13, 2017

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BSNL undersea cable project puts Modi govt in a spot: Report

The project envisaging undersea cable, connecting Chennai and Port Blair, assumes significance in the context of the Sikkim standoff between India and China.

Jul 13, 2017

TCS to shut down Lucknow operations leaving 2,000 IT employees in limbo

The employees of Tata Consultancy Services' Lucknow office, whose future now seems uncertain, have written to Uttar Pradesh Chief Minister Yogi Adityanath requesting an intervention

Jul 13, 2017

Walmart's 15 new stores in Maharashtra set to create about 30,000 jobs in the state

The new Walmart outlets in Maharashtra will be operational in the next two years and will an investment of Rs 900 crore, it will create about 30,000 direct and indirect jobs.

Jul 13, 2017

Google acquires Bangalore's 4-month-old artificial intelligence firm Halli Labs

The Bangalore-based start-up, Halli Labs that is just four months old, works towards building deep learning and machine learning systems and has now been acquired by Google.

Jul 13, 2017

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Market at new high on inflation data for June; Sensex crosses 32,000, Nifty nears 9,900

Retail inflation hit a new low of 1.54 percent for June, buoying hopes of a rate cut by the Reserve Bank of India (RBI) when it meets for its next monetary policy meeting.

Jul 13, 2017