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Ola raises $50 million from China's communist party-backed investor

The investee companies --Sailing and CEECF -- have paid the amount to hold a combined stake of more than 1 percent in Ola which implies that its valuation has gone up since its previous round of funding.

Sep 18, 2018

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Bansal alleged that Infosys paid him Rs 5.2 crore and withheld the balance stating that he did not meet certain requirements.

Sep 18, 2018

Rare earths and trade war: Trump exposes Achilles heel in raging tariff tussle with China

China controls more than 90 percent of the world's rare earth market, making advanced nations heavily dependent on it for the supply of minerals used in high-tech industries and defence systems.

Sep 18, 2018

Vijay Mallya extradition case: Detention not required at this stage, said CBI in 2015 look out circular

This was the second LOC. The first LOC was sent out on October 16, 2015, and the CBI had checked the box to "prevent the subject from leaving India". The CBI has now said that this was an error in judgment.

Sep 18, 2018

Tata Motors logos are seen at their flagship showroom

Tata Communications and SASTRA launch cyber security lab in Tamil Nadu

The cybersecurity lab was inaugurated at the Shanmugha Arts, Science, Technology and Research Academy (SASTRA) on September 15.

Sep 17, 2018

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India's market boom is coming to an end, Goldman Sachs warns

Sensex and Nifty tumbled in morning trade on Monday, ending two sessions of strong rally. While Sensex plunged more than 400 points to dive below 38,000 levels, Nifty breached the 11400 levels.

Sep 17, 2018

Salesforce chief Marc Benioff buys iconic Time magazine for $190 million in cash

Founded in 1923 by Henry Luce and Briton Hadden, Time was the first weekly news magazine in the United States.

Sep 17, 2018

Amazon almost done investing its proposed $5 billion to expand business in India

Amazon is spending its most part of the investment on building infrastructure for the future and it is further expected that Amazon is going to invest aggressively in the ever-growing market.

Sep 16, 2018

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

This would be first chargesheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1600 crore.

Sep 16, 2018

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

The IT department had earlier sent a communication to Walmart International Holdings seeking a break-up of the taxes paid from the payment to all the shareholders.

Sep 16, 2018

Infosys buys Finnish firm Fluido Oy for $76 mn

Though the company did not disclose the acquisition cost in its release, it mentioned in a regulatory filing on the BSE that "100 per cent of Fluido's shares have been acquired in cash for Euro 65 million", which translates to $75.8 million (Rs 546 crore).

Sep 15, 2018

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Business news

Ola raises $50 million from China's communist party-backed investor

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Rare earths and trade war: Trump exposes Achilles heel in raging tariff tussle with China

Vijay Mallya extradition case: Detention not required at this stage, said CBI in 2015 look out circular

Tata Communications and SASTRA launch cyber security lab in Tamil Nadu

India's market boom is coming to an end, Goldman Sachs warns

Salesforce chief Marc Benioff buys iconic Time magazine for $190 million in cash

Amazon almost done investing its proposed $5 billion to expand business in India

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

Infosys buys Finnish firm Fluido Oy for $76 mn

Govt permission not needed for managerial payout, says Corporate Affairs Ministry

'Next global financial crisis could trigger a 50% plunge in emerging market stocks'

Walmart, Flipkart employees to get option to switch places

An outsider to replace CEO Francisco D'Souza at Cognizant?

Bhojpuri singer Babul Bihari arrested under POCSO act for raping 13-years-old, posting her pictures on Instagram

Saudi Yoga's first int'l championship a historic feat; first Saudi woman to referee tournament [details]

Prabhas stops himself from holding Kriti Sanon' waist; Ranbir Kapoor to book 10,000 tickets for underprivileged children [Details]