Business news

Tata sells 43% in engineering services division Tata Technologies for $360 mn

The proceeds from the deal, which is Warburg's biggest in India yet, will likely help Tata Motors cut total debt that stood at Rs 79,320 crore at the end of March and monetise non-core assets.

Jun 16, 2017

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What economic slowdown? HCL Technologies to hire 2,000 employees at Nagpur Campus

The new centre in Nagpur is likely to throw its doors open around January 2018 and of the 2,000 new recruits half are said to be at a senior level and half of them will be freshers.

Jun 16, 2017

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India's gold imports more than double in five months; May trade deficit rises to $13.84 billion

Gold imports rose 131.7 percent to $18.49 billion between January and May this year as against $7.98 billion, YoY.

Jun 16, 2017

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Infosys' Sandeep Dadlani resigns, Karmesh Vaswani and Nitesh Banga to replace him

After Sandeep Dadlani's resignation to pursue other interests, Infosys has announced the appointment of Karmesh Vaswani as Global Head of retail and Nitesh Banga as the global head of manufacturing.

Jun 16, 2017

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Cab wars: Ola, Uber head down the long, bumpy road

App-based aggregators Ola and Uber have only themselves to blame for the current mess roiling the industry

Jun 15, 2017

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India closing the gap with Japan in steel production

Japan's production was 35 million tonnes while India produced 33.2 million tonnes, according to statistics published by World Steel Association.

Jun 15, 2017

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Interglobe Aviation, Jet Airways, SpiceJet gain ahead of May domestic traffic data

Indigo-owner Interglobe Aviation closed 2.47 percent higher while SpiceJet and Jet ended flat; domestic air traffic for May is due soon, Air India's privatisation talks buzz.

Jun 15, 2017

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Reliance Industries, BP to invest Rs 40,000 crore in Indian offshore gasfields

Reliance Industries chairman Mukesh Ambani said that during a press conference with BP Plc's chief executive Bob Dudley on Thursday.

Jun 15, 2017

Crorepati glut: Infosys grapples with high staff pay

Infosys is reportedly offering an annual package of over Rs 1 crore to its employees abroad and the financial burden on the IT giant is now likely to amplify.

Jun 15, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

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Intel to invest Rs. 1,100 crore in India

The investment will be for a new Research and Development (R&D) centre in Bengaluru.

Jun 14, 2017

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Azure Power commissions 100 MW NTPC solar power plant in Andhra Pradesh

Azure Power will supply power to NTPC for 25 years at a tariff of Rs. 5.12 per kWh.

Jun 14, 2017

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Mukesh Ambani's brother Anil Ambani won't take salary from Reliance Communications

Reliance Communications,headed by Anil Ambani, is bleeding, thanks to competition by brother Mukesh Ambani's Reliance Jio and others; so Anil won't take salary.

Jun 14, 2017