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CCI fines cement companies Rs 205 crore for cartelisation in Haryana

Shree Cement, UltraTech Cement, Jaiprakash Associates, JK Cement, Ambuja Cements, ACC and JK Lakshmi Cement have been fined for bid-rigging.

Jan 20, 2017

Flipkart once again rated most trusted e-commerce brand ahead of Amazon and Snapdeal

Flipkart ranked number one on product selection, customer support, ease of return, refund and reverse pick up speed in a consumer study.

Jan 20, 2017

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Patanjali Ayurved in Pakistan? Why not, asks Baba Ramdev

Baba Ramdev says Patanjali Ayurved's ventures in poor countries like Pakistan would be a win-win situation for India.

Jan 20, 2017

Countries rushing to amass fighter jets will fire global defense sector growth in 2017-18

The global Aerospace and Defense sector is likely to grow at 2 percent in 2017, driven primarily by a 3.2 percent revenue growth in the defense sector, a Deloitte report says.

Jan 20, 2017

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Infosys CEO Vishal Sikka, HR head Shankar make tough comments on jobs, hiring; AI is a big challenge

Artificial intelligence poses a threat to IT jobs, says CEO Vishal Sikka, while Infosys HR head Shankar talks of 'releasing' employees.

Jan 20, 2017

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Rupee opens higher; Axis Bank leads Sensex, Nifty fall over weak Q3 results

Benchmark indices were down ahead of Donald Trump assuming office and cautious mood before Budget 2017; Axis Bank plunges after disappointing Q3 results.

Jan 20, 2017

Alibaba's Jack Ma says US wasted trillions on warfare and still blames others for loss of jobs

Alibaba's Jack Ma said the US has no one but itself to blame for its economic woes and much of the problem is rooted in wasteful spending on warfare.

Jan 20, 2017

Motherson Sumi to acquire Finnish truck wire maker PKC for $609 million

MSSL has offered 23.55 euros per PKC share, representing a 51 percent premium to PKC's closing price on Thursday.

Jan 20, 2017

Western Union slapped with $586 million penalty over money transfer fraud

Western Union admitted to criminal violations and failing to maintain an effective anti-money laundering program and aiding wire fraud.

Jan 20, 2017

UPS maker Luminous aims to double turnover to Rs 5,000 crore in 4-5 years

New Delhi-based Luminous has a market share of around 39 percent in UPS and 27 percent in inverter batteries segment in India.

Jan 19, 2017

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CCI clears Sony Pictures-Ten Sports deal

Sony Pictures will be acquiring Zee-owned Ten Sports' stake for $385 million announced in September last year, after the go-ahead from CCI.

Jan 19, 2017

Vijay Mallya must repay Rs 6,203 crore with interest to SBI-led consortium of banks: Debt Recovery Tribunal

A consortium of 17 banks led by the country's largest public sector lender State Bank of India had approached the tribunal seeking instructions to Vijay Mallya to repay the loan

Jan 19, 2017