Business news

Carlos Ghosn, the man behind reboot of Nissan steps down as CEO

Hiroto Saikawa will assume his new role as CEO from April 1, 2017 while Ghosn will continue as chairman.

Feb 23, 2017

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Indian 'fugitive' industrialist and F1 team boss Vijay Mallya sees no grounds for extradition

India wants Vijay Mallya to face trial for alleged conspiracy and fraud over a loan to his defunct Kingfisher Airlines.

Feb 23, 2017

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Reliance Jio effect: Bharti Airtel buys Telenor's India ops; Fitch retains negative outlook for telecom

Bharti Airtel will buy Telenor's India operations after Reliance Jio's aggressive plans; Fitch Ratings says Indian telecom sector continues to be negative.

Feb 23, 2017

Tata and Volkswagen may join hands for platform sharing; announcement expected at Geneva

An official announcement on the development is expected at the Geneva Motor Show in March where Tata Motors will unveil its first product under newly formed TAMO brand.

Feb 22, 2017

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SpiceJet shares skyrocket as budget carrier announces 'Lucky 7 Sale' offer

Shares of low-cost carrier SpiceJet rallied by almost 6.5 per cent on BSE as the airline announced "Lucky 7 Sale" for a limited period.

Feb 22, 2017

Snapdeal outpaces Amazon and Flipkart in delivery times across India, research shows

Snapdeal layoffs: If you work for e-commerce site then be afraid, says report

Snapdeal is reportedly on a layoff spree across its business verticals — logistics, digital payments and e-commerce. The company has apparently initiated the process of laying off about 600 people

Feb 22, 2017

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US pipeline fights move from Dakota plains to Louisiana bayous

Opposition to the Energy Transfer Partners' planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline construction.

Feb 22, 2017

West Bengal offers new loan scheme: Borrow Rs 1 lakh, but return only Rs 70,000!

West Bengal Self-Help Group and Self-Employment Minister Sadhan Pande has said that the scheme will be implemented from FY 2017-18.

Feb 22, 2017

Flipkart planning to raise up to $1.5 billion from Google, PayPal, Microsoft, Tencent: Report

Last month, Fidelity had joined Morgan Stanley in marking down its investments in Flikpart by 36 percent, hitting valuation of the Indian online marketplace.

Feb 22, 2017

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Gold prices stable ahead of release of FOMC meeting minutes on interest rate

The US Federal Reserve will be releasing minutes of the January 30-February 1 meeting on Wednesday.

Feb 22, 2017

Is the UK about to extradite Vijay Mallya, Lalit Modi and Tiger Memon to India?

Apart from Vijay Mallya, the UK reportedly also assured action against Lalit Modi -- wanted for financial irregularities in the Indian Premier League -- and 1993 Mumbai blasts accused Tiger Memon.

Feb 21, 2017

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Diageo's rumoured stake hike in United Spirits prompts BSE to seek explanation

Reports that UK liquor brand Diageo could increase its stake in United Spirits Ltd triggered a rally in the share price of USL, prompting the Bombay Stock Exchange (BSE) to seek an explanation

Feb 21, 2017