Business news

Slowing gasoline price rises keep US inflation in check

US consumer prices rose marginally in May amid a slowdown in increases in the cost of gasoline and the underlying trend continued to suggest moderate inflation in the economy.

5 days ago

Hyderabad ready for DIY furniture with Ikea to open on July 10, which cities are next?

To facilitate its services, Swedish brand Ikea has also tied up with UrbanClap, a mobile-based services marketplace, which will provide assembling services to buyers in the city. Meanwhile, Hyderabad is not the only place that Ikea is aiming to set foot in and plans to expand to 25 stores by 2025.

7 days ago

Xiaomi posts $1 billion first quarter loss ahead of IPO

The Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing.

7 days ago

Can Patanjali and Baba Ramdev build an MNC-style empire?

Baba Ramdev-owned Patanjali recently launched a swadeshi (made in India) messenger application called Kimbho. The app was withdrawn from app stores over security concerns.

7 days ago

BSNL comes up with a new broadband plan to take on Jio and other incumbents

The state-owned telecom operator Bharat Sanchar Nigam Limited (BSNL) has introduced two broadband plans, Fibro Combo ULD 777 and Fibro Combo ULD 1277.

7 days ago

Thousands left jobless in Tamil Nadu as small, medium industries close

Sharp decline in number of registered MSME industries, employees due to several issues. Many cite Good and Services Tax or GST as key factor for the fall.

9 days ago

Organic growth or aggressive approach? Why Infosys needs to decide soon

With global IT majors like Capgemini and Accenture gaining market share with their aggressive approach to acquisitions, many are of the opinion companies like Infosys should decide if they want to remain without acquisitions and stick to good old organic growth.

9 days ago

Why Infosys Needs to Decide Whether It Wants to Grow Organically or Inorganically

The dramatic exit of former Infosys CEO Vishal Sikka last year saw uncertainty looming over the IT company's future.

10 days ago

Who is the Indian business magnate who refused salary hike for 10 years consecutively?

The Reliance Industries chairman and the richest Indian with a net worth of $40.1 billion has not taken a pay hike for the 10th year in a row. However, other directors and key managerial personnel got a pay hike of around 13 percent.

10 days ago

Air India seeks short-term loans worth Rs 1,000 crore to stay afloat, but for how long?

After a flop show of the majority stake sale, AI has sought for Rs 1,000-crore STLs as it struggles to stay afloat amidst mounting debt.

10 days ago

Emmanuel Macron Compares Trump Phone Calls To Sausages

French President Emmanuel Macron meets Canadian PM Trudeau ahead of G7 Summit

US tariffs and punitive actions taken by the European Union and Canada have widened the gap between leaders threatening the start of a trade war.

11 days ago

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Why Softbank's proposed investment in the Indian solar industry can be a game changer

Softbank is expected to invest as much as $50 Billion in making batteries and storage cells, which are the hardware on which the solar panels run.

11 days ago

Who is Nikesh Arora? New CEO of Palo Alto Networks gets a whopping $128 million package

Nikesh Arora begins his role as the CEO and chairman at Palo Alto on Wednesday, June 6. The 50-year-old is also investing about $20 million (about Rs 130 crore) in shares of Palo Alto, apparently to prove his loyalty to the company.

12 days ago