Business news

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SAIL readies for new tax regime under GST

The company, besides appointing a consultant for overseeing the transition, has also formed special teams for coordination with its plants, units and marketing offices.

Jun 28, 2017

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Lingerie is a beautiful business to be in: Clovia CEO Pankaj Vermani

In an interview with International Business Times, India edition, Clovia CEO Pankaj Vermani talks about various aspects of the $4-billion lingerie market in India.

Jun 28, 2017

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RBI crackdown on loan defaulters triggers mega assets sale by Anil Ambani: Report

Anil Ambani has already decided to dilute stake in Reliance General Insurance and Reliance Nippon Life Asset Management via IPO, apart from selling assets in roads, real estate and under-sea cable, says Bloomberg.

Jun 28, 2017

A boy, who fled from the violence in Mosul, stands near tents in a camp for internally displaced people on the outskirts of Arbil in Iraq's Kurdistan region

Kurdish Independence: '800,000 bpd of crude needed to oil statecraft'

The oil-rich city of Kirkurk, which the Kurds call their Jerusalem, has almost three percent of the world's proven oil reserves.

Jun 27, 2017

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Wondering how much the SBI chief earns? Here's how low the salary is

SBI chairman Arundhati Bhattacharya took home Rs 28.96 lakh last fiscal, which might generally sound like a big amount but is extremely low when compared with the heads of private banks.

Jun 27, 2017

Vivo bids a mindboggling Rs 2,199 Crores to retain IPL title sponsorship till 2022

The Chinese smartphone manufacturer hopes that working with the BCCI will give them a major boost in their growth.

Jun 27, 2017

India's SpiceJet is world's top performing airline stock with 124% gain

SpiceJet, at the beginning of 2017, had ordered 100 Boeing 737 Max aircraft, valued at $11 billion, with a total of $26 billion in plane orders to boot.

Jun 27, 2017

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Tejas Networks makes lukewarm debut on BSE, lists at issue price of Rs 257

Tejas Networks Ltd made a lukewarm debut at the Bombay Stock Exchange on Tuesday, June 27 and its shares opened at Rs 257, unchanged from its issue price.

Jun 27, 2017

e-commerce , credit card, online shopping

Ahead of GST rollout, govt postpones implementation of TDS, TCS

The decision was taken upon trade and industry feedback on Tax Deduction at Source and Tax Collection at Source.

Jun 26, 2017

Amazon will keep investing in India, Bezos assures Modi

Jeff Bezos was one of 20 odd US business leaders who met Modi on Sunday.

Jun 26, 2017

The Hurting Locker: Trust and liability are gone with the RBI wind

Are banks saying that they don't care for lost or stolen goods from their lockers, but will still charge customers for taking the risk?

Jun 26, 2017

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Infosys admits automation related job losses hit 11,000

Indian IT-giant Infosys held its 36th Annual General Meeting on Saturday, June 24, during which it admitted that it had released 11,000 jobs due to automation.

Jun 26, 2017

Royal Bank of Scotland to cut 443 jobs in UK, plans to move many roles to India for cost-cutting

The Royal Bank of Scotland job cut will mostly affect the department that deals with loans for small businesses, and the decision was reportedly made to cut the rising costs of the company.

Jun 26, 2017