Business news

Infosys net up 5.8% in first quarter, investors to be rewarded

Releasing its earnings for Q1 2018, the company reported Rs 3,613 crore consolidated net profit, growing 12 percent annually a year ago. The company has decided to celebrate its 25th year of public trading by issuing one bonus share for every equity share.

Jul 14, 2018

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SpiceJet to diversify activities beyond aviation; targets cargo and digital space

SpiceJet Managing Director Ajay Singh said that the company is targeting to enter the cargo, courier and logistics business believing that it would play a crucial role in the next few years.

Jul 13, 2018

Accenture acquires AI data analytics firm Kogentix

The purchase will strengthen Accenture Applied Intelligence's growing data engineering business as AI and big data becomes more and more critical to Accenture's business.

Jul 13, 2018

Drug regulator cancels licence of Novartis' painkiller diclofenac over safety concerns

The watchdog directed Dehradun, Uttarakhand and Daman and Diu's drug license authority to cancel the license of Themis Medicare.

Jul 13, 2018

With US trade under a cloud, China opens market to Indian companies

China is considering opening up several markets, predominantly the pharmaceutical market to Indian companies as US trade war leaves the country's medical industry in trouble.

Jul 12, 2018

Airtel Payments Bank gets RBI approval to start taking in new customers

The digital bank was earlier fined Rs. 5 crore and suspended from enrolling new customers after violating KYC norms. The RBI and UIDAI have given the company the green light to begin accepting new customers after Airtel made changes to its KYC policy.

Jul 12, 2018

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Eyeing international operations, Vistara purchases jets worth $1.3 billion

The Tata-Singapore Airlines company has purchased 13 Airbus and six Boeing flights as it eyes domestic expansion, international routes.

Jul 12, 2018

Railways to export six DMU train sets to Sri Lanka

India to manufacture trainsets at its Integral Coach Factory in Chennai in the deal worth Rs. 600 crore. The first train to hit Lankan rails in September, all six to run from next year.

Jul 11, 2018

The Air India-shaped hole in your pocket: Now cough up another Rs 2,100 crore

Air India has registered a drop in domestic market share to well below 10 percent. The airline has not increased the size of its fleet as much its rivals, especially the low-fare carriers.

Jul 11, 2018

Pfizer puts drug price hikes on hold after Trump warning

The pharmaceutical company was due to increase the price of several products but has deferred the plan to 2019 after Donald Trump threatened them with unspecified measures.

Jul 11, 2018

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DoT clears deck for Idea-Vodafone merger but with conditions

The merged entity will be the largest telecom company in India, dethroning Airtel after a period of 15 years

Jul 10, 2018

Brent leads crude prices higher as Norway oil workers get ready to strike

Strike in Norway will add to the worsening shortages globally after the US plans to reintroduce sanctions on Iran. OPEC and Russia agree to increase output to offset price surge.

Jul 10, 2018

Elon Musk's Tesla moves first to hike prices in China as trade war hits car makers

Tesla has hiked prices on its Model X and S cars by about 20 percent in China in response to a US-China trade war.

Jul 10, 2018

IT department sells $216 million of Vedanta shares

Cairn Energy said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company in a dispute over retrospective tax dues.

Jul 10, 2018

E-commerce players all set to lock horns to dominate entertainment content in India

The industry experts argue that the investment in the content generation segment of the e-commerce is being done to take on Amazon India, which is aggressively strengthening its entertainment content with Prime Video.

Jul 9, 2018

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