Business news

Meg Whitman steps down as HP Enterprise CEO weeks after saying she was 'committed' to the firm and not joining Uber

Meg Whitman will now be replaced by Antonio Neri, who has been with HP for about 25 years. Neri will take over on February 1, 2018.

Nov 22, 2017

After becoming market leader, Xiaomi plans to set up more manufacturing units in India

Recently, for the first time, Xiaomi reached the top slot with South Korean tech giant Samsung in terms of market share in India.

Nov 21, 2017

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10 tips on how to deal with office politics [VIDEO]

When we think of office politics, the implication is usually malicious. Here are some tips, both applicable for staff and management, on how to deal with office politics.

Nov 21, 2017

cpse etf, disinvestment, pm modi, modi govt, cpse etf ffo, strategic stake sale, indian economy

Modi government likely to cross divestment target, first time in 7 years

This year's divestment target is moderately higher than past few years and accounted for 0.4 percent of the GDP.

Nov 21, 2017

mahindra electric cars, mahindra evs, mahindra car sales, ola, ola ceo bhavish, anand mahindra, lithium urban technologies

Mahindra & Mahindra seeks to sell electric vehicles in US and China

Mahindra & Mahindra is testing autonomous tractors, trucks and cars in an attempt to take its electric vehicles to the US.

Nov 21, 2017

RBI sets March deadline for banks to provision against second list of bad loans

According to rules, banks need to do 50 percent provisioning against secured loans it has provided and 100 percent when it comes to unsecured exposures.

Nov 21, 2017

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Boeing to hire 800 direct employees in India: Report

Boeing's Indian subsidiary has 1,200 direct employees and around 7,000 contract workers, who work on its projects through third-party firms based in India.

Nov 21, 2017

SBI to use new age blockchain technology for smart contracts, KYC

To take full advantage of blockchain technology, a consortium named BankChain was floated in February 2017 with SBI as its first member.

Nov 20, 2017

Siemens employees threaten to go on a strike after firm announces 6,900 job cuts worldwide

After Siemens announced that it would cut 6,900 jobs worldwide, numerous employees protested at Siemens' Berlin factory and said that they do not rule out strikes as a last resort.

Nov 20, 2017

Payments banks struggle to add more depositors after almost 1 year of operation

For payment banks, the central bank has capped the demand deposits at Rs 1 lakh in each account. Payment banks are not allowed to offer fixed deposits and provide loans to its customers.

Nov 20, 2017

100 Indian start-ups likely to get $1 billion investment from Xiaomi

Xiaomi and its investment arm Shunwei Capital will invest in businesses like content, financial technology, hyperlocal services, mobile phone repairs and manufacturing.

Nov 20, 2017

Pass on GST rate cut benefit to consumer or face action, Hasmukh Adhia tells companies

"I am not willing to accept their argument to postpone passing on the benefits to consumers till they have disposed of their old stocks," Adhia said.

Nov 20, 2017

It's time to land your dream job as Apple gears up to hire from IIT Bombay this placement season

Apple gave out application forms a while ago and students who applied for the roles and were short-listed by the firm will reportedly take up a test in the last week of November.

Nov 20, 2017

Infosys gears up for buyback offer; firm to purchase 11.3 crore shares from November 30

The programme starts on November 30 and closes on December 14 and during the period the firm will buy back 11.3 crore equity shares, shelling out Rs 13,000 crore at Rs 1,150 per share.

Nov 18, 2017

Reliance Communications and Aircel lash out at rivals for causing them 'irreparable damage' with false advertising

RCom and Aircel have now accused Bharti Airtel, Vodafone and Idea Cellular of trying to poach its customers through false advertising.

Nov 18, 2017

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