Business news

Cash-strapped Venezuela offers India's ONGC oil stake

Petroleos de Venezuela SA has proposed selling a 9 percent stake in the San Cristobal field to ONGC Videsh, a subsidiary of India's state-owned top explorer Oil and Natural Gas Corp.

Jul 8, 2017

Interview with Freecharge COO Govind Rajan

Will Axis Bank overtake Bank of Baroda and Paytm to acquire Freecharge?

Axis Bank is currently conducting due diligence and while neither the bank nor Snapdeal has commented on it, the deal if it goes through might be worth about $100 million.

Jul 8, 2017

q3fy2017 preview, q3 it results, infosys q3, tech mahindra q3, wipro q3, tcs q3, bse sensex

Play

Tech Mahindra Layoff: Anand Mahindra apologises to employee asked to resign by 10 am

Anand Mahindra's apology comes after an unnamed employee was asked to leave with immediate effect and his recorded conversation with the HR representative went viral online.

Jul 8, 2017

Sebi seeks details of IDFC-Shriram Capital mega merger

Market regulator seeks details of trade patterns corresponding to the price movements of the respective company stocks.

Jul 7, 2017

Infosys to hire 2,000 employees at its North Carolina innovation hub

The firm had earlier said that it would start four technology hubs in the country and hire 10,000 local workers. The North Carolina hub is the second one of the four hubs.

Jul 7, 2017

7th Pay Commission notified: Maximum HRA hiked from Rs 27,000 to Rs 60,000 for now

HRA shall not be less than Rs 5,400 per month, HRA rate to be raised to Rs 75,000 when DA crosses 50 percent.

Jul 7, 2017

India, Israel launch $40-million innovation fund

Each country will allocate $4 million per year over a five-year period for the fund's activities

Jul 7, 2017

IDFC and Shriram Groups discuss merger that could create financial giant worth Rs 60,000 crore

The merger would result in the formation of a financial powerhouse, which could have a market value of about Rs 62,000 crore

Jul 7, 2017

Play

Microsoft confirms layoffs; job cuts likely to impact about 3,000 employees

The Redmond-based firm began sending out layoff notices on Thursday and most of the job cuts are likely to affect the firm's sales and marketing staff based out of the US.

Jul 7, 2017

air india, air india flights to tel aviv, india israel relations, air india flights to israel, indian tourists to israel, indian civil aviation news

Want to acquire AI's international operations: IndiGo

While IndiGo may be interested in buying national passenger carrier Air India's international operations, it has said that it is not keen on a joint venture with the government.

Jul 7, 2017

CBI files 2,000-page dossier as evidence in Vijay Mallya extradition case, next hearing on September 14

The 61-year-old fugitive liquor baron will have to be extradited within two months if the court judgment goes against him.

Jul 6, 2017

indian it companies, it hiring, it jobs, recruitment in it companies, infosys hiring, infosys vishal sikka, tcs hiring, h1b visa, h1 b visa, donald trump, hcl tech

IT companies to post muted growth for June quarter: Nirmal Bang analyst

Infosys, TCS, Wipro, Tech Mahindra, Mindtree and HCL Technologies are expected to report mixed results for June quarter, 2017.

Jul 6, 2017

Play

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt.

Jul 6, 2017