Business news

IL&FS fiasco: Sacked directors defend their role in company

Highlighting some of the crucial attempts by the independent directors informed that an offer was made by Ajay Piramal to buy ILF&S at a price Rs. 600-650 per share. But the proposal was turned down by the Life insurance cooperation of India (LIC)

Oct 3, 2018

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Turbulent times continue for Jet Airways as 16,000 staffers hit by salary delay

The Mumbai-based full-service airline, partially owned by UAE national carrier Etihad Airways, has been facing financial problems for quite some now.

Oct 3, 2018

With Indian rupee plumbing depths, 25 million expatriates to script new remittance record

The lion's share of remittances to India come from the United Arab Emirates, the United States, Saudi Arabia, Kuwait, the United Kingdom, Qatar, Oman and Canada -- in that order.

Oct 3, 2018

US woman sues Facebook, claims website enabled sex trafficking

According to the lawsuit, the woman was "friended" on Facebook in 2012 by a user who appeared to know several of her real-life friends.

Oct 3, 2018

Ericsson files plea against Anil Ambani over Rs 550 crore pending dues

Ericsson India Private Limited has reportedly filed a Contempt Petition on October 1, 2018, in the Supreme Court.

Oct 3, 2018

TCS doubles pay for new recruits with knowledge of AI, Machine Learning

The Indian MNC is now offering up to Rs 6.5 lakh per annum compared to the Rs 3.5 lakh per annum it was offering until now.

Oct 3, 2018

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Fuel pain set to last, and worsen, as crude oil predicted to hit $100 a barrel

Oil prices are likely to rocket higher with the flashy $100 per barrel price tag indeed a reasonable sounding target, says analyst.

Oct 2, 2018

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Tech Mahindra lowers retirement age of employees from 58 to 55

This rule is only applicable to those who have worked for less than seven years in the company.

Oct 2, 2018

General Electric sacks CEO John Flannery; names H Lawrence Culp Jr as replacement

Tracing its roots to Thomas Edison, who invented the light bulb, the company grew along with the American economy.

Oct 2, 2018

Yes Bank CEO Rana Kapoor's extension objected by second-largest shareholder

The Yes Bank board had informed the shareholders that it has sought an extension of Rana Kapoor as the Managing Director and the CEO from RBI by eight months.

Oct 1, 2018

PepsiCo India to set up infrastructure for collecting, recycling PET plastic bottles in Delhi

Beverage major Pepsico India has said it will set up waste collection centres and reverse vending machines in Delhi to recycle PET plastic bottles, in partnership with Gem Enviro Management.

Oct 1, 2018

Facebook faces $1.63 billion fine over data breach that exposed 50 million accounts

In the biggest-ever security breach after Cambridge Analytica scandal, Facebook on Friday admitted hackers broke into nearly 50 million users' accounts by stealing their "access tokens" or digital keys.

Oct 1, 2018

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

The default of over Rs. 9000 crore by infrastructure company and its subsidiaries have triggered fears across all NBFCs of the country.

Sep 30, 2018

Elon Musk steps down as Tesla chairman; will remain CEO

The businessman has been charged with misleading investors with his tweet in August claiming that he planned on taking Tesla Inc. private for $420 a share. Now, Tesla Inc. and Musk will have to pay $20 million each to financial regulators.

Sep 30, 2018

Apple store theft: 17 arrested for stealing electronics worth $1 million in California

Earlier this week, electronics worth tens of thousands of dollars were stolen from the Palo Alto Apple store in California in less than 12 hours during the iPhone XS launch weekend.

Sep 29, 2018

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Business news

IL&FS fiasco: Sacked directors defend their role in company

Turbulent times continue for Jet Airways as 16,000 staffers hit by salary delay

With Indian rupee plumbing depths, 25 million expatriates to script new remittance record

US woman sues Facebook, claims website enabled sex trafficking

Ericsson files plea against Anil Ambani over Rs 550 crore pending dues

TCS doubles pay for new recruits with knowledge of AI, Machine Learning

Fuel pain set to last, and worsen, as crude oil predicted to hit $100 a barrel

Tech Mahindra lowers retirement age of employees from 58 to 55

General Electric sacks CEO John Flannery; names H Lawrence Culp Jr as replacement

Yes Bank CEO Rana Kapoor's extension objected by second-largest shareholder

PepsiCo India to set up infrastructure for collecting, recycling PET plastic bottles in Delhi

Facebook faces $1.63 billion fine over data breach that exposed 50 million accounts

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

Elon Musk steps down as Tesla chairman; will remain CEO

Apple store theft: 17 arrested for stealing electronics worth $1 million in California

Fact Check: Truth behind Waheeda Rehman's viral video grooving to "Aaj phir jeene ki"? Simi Garewal spills the beans

Cauvery dispute breaches film industry in B'luru; Tamil actor Siddharth's promotions halted abruptly [watch]

'Cringe couple': Alia Bhatt kisses 'baby' Ranbir Kapoor; shares candid close-up pictures on his birthday [reactions]