Business news

Flipkart in early talks to buy stake in BookMyShow in push against Paytm

Flipkart wants to invest fresh capital into BookMyShow and also buy shares from some of its investors.

Oct 16, 2017

Vijay Mallya firms had business with company named in Panama Papers, UK probe finds

SFIO said in its report that an overseas subsidiary of United Breweries based in the British Virgin Islands, bought 1.67 crore shares of Kingfisher Airlines, nine days before it got merged with Deccan Aviation for Rs 50.02 crore.

Oct 16, 2017

M-Aadhaar app gets OTP-based verification for easier transactions

The m-Aadhaar app will have a time-based OTP (TOTP) that will always be available on the app for 30 seconds before being refreshed to a new number.

Oct 16, 2017

Tata Steel to tap women power; aims to achieve 20% women in its workforce by 2020

The firm's diversity targets have been taken for the overall organisation and it is open in employing women across all roles and levels.

Oct 15, 2017

Digital deals increasing significantly in size, says TCS chief Rajesh Gopinathan

Revenue from digital engagements contributed 19.7 percent of TCS' total revenue of Rs 30,541 crore in July-September 2017 quarter.

Oct 15, 2017

IndusInd Bank to take over microfinance player Bharat Financial

The Board of Directors of the two companies approved the scheme at their respective meetings.

Oct 14, 2017

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Infosys executives Abdul Razack and Pervinder Johar quit in fresh blow to IT giant

While this could be a part of new chairman Nandan Nilekani's restructuring plan, Abdul Razack and Pervinder Johar's resignations have raised quite some eyebrows.

Oct 14, 2017

Insolvency: Jaypee Infra wants to sell Yamuna Expressway for Rs 2,500 crore

As of 31 March 2017, consolidated debt of the company stood at Rs 7,922 crore with a negative interest coverage ratio.

Oct 13, 2017

Reliance Industries Q2 net profit rises 12.8%, Jio posted loss of Rs 271 crore

On a standalone basis, the company reported a net profit of Rs 8,265 crore, up 7.28 percent for the quarter ended September 2017.

Oct 13, 2017

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Nifty hits all-time high of 10,191, Sensex gains 300 points as inflation holds

Annual consumer price inflation rose to 3.28 percent in September from a year earlier, in line with August number.

Oct 13, 2017

Is Modi govt planning to bring real estate under GST? How will it benefit home buyers?

Economists and market analysts opined that real estate has seen the highest tax evasion among all business sectors and need to be regulated in a structured manner.

Oct 13, 2017

Airtel gets Tata's billion-dollar business almost for FREE

It's a debt-free cash-free deal, where the Bharti Airtel will get 40 million Tata customers, absorb Tata Teleservices's operations across the country in nineteen circles.

Oct 13, 2017

Airtel acquiring Tata Teleservices takes us closer to oligopoly: Cheap service, net neutrality at stake?

Airtel acquiring Tata Teleservices could put cheap calls and data, as well as net neutrality at stake as the Indian telecom sector moves towards an oligopoly. Read to know more.

Oct 12, 2017

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TCS net up 8.4% quarterly in Q2

Revenue at $4,739 million in Q2 was up 3.2 percent from $4,591 million a quarter ago and 8.3 percent up from $4,374 million a year ago.

Oct 12, 2017

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Deal done! Bharti Airtel to acquire Tata Teleservices

The proposed merger will include transfer of all the customers and assets of Tata CMB to Bharti Airtel, further augmenting Bharti Airtel's overall customer base and network.

Oct 12, 2017

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