Business news

Modi govt clears bill to double gratuity ceiling to Rs 20 lakh

With the amendment of the bill, the maximum limit of gratuity of employees of the private sector, public undertakings and autonomous organisations are now at par with the central government employees.

Sep 13, 2017

Infosys to set up innovation hub in North Carolina, hire 2,000 Americans

Infosys plans to hire the first 500 workers at Raleigh innovation hub within two years, with the remainder to be hired in North Carolina by 2021.

Sep 13, 2017

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Hell goes into 'shell': Over 100,000 directors of bogus firms to be booted out for 5 years

26 CAs associated in sustaining these shell companies have been identified

Sep 12, 2017

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SBI Life to launch India's first billion dollar IPO in seven years

SBI Life's IPO is the biggest since state-run Coal India's 155 billion rupee ($2.4 billion) IPO in 2010

Sep 12, 2017

HDFC Bank second most valued company in India, overtakes TCS

At a time when most private and public sector banks are not showing much interest in growing their corporate lending, primarily due to capital constraints, HDFC Bank is aiming to expand its wholesale loan book through refinancing.

Sep 12, 2017

Bank employees to stage protests on September 15

The banking sector wants the government to focus on concerns such as staff shortage and real recovery of Non-Performing Assets (NPAs).

Sep 12, 2017

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Indian banks need $65 billion capital to meet Basel rules by March 2019

Stressed loans in Indian banks hit a record $150 billion at the end of December, with state-run lenders accounting for the bulk of it.

Sep 12, 2017

Hammer price! SC orders auction of Sahara's luxurious Aamby Valley township

The apex court asked Sahara chief Subrata Roy to deposit Rs 1,500 crore with market regulator SEBI by September 7, to avoid the auction of the township.

Sep 12, 2017

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Voonik offers 'Flipkart price, but Myntra experience,' says CEO Sujayath Ali [VIDEO]

Sujayath Ali, the CEO of online marketplace Voonik, recently spoke on 'Biz Talk' to International Business Times and revealed the idea behind Voonik and its operations.

Sep 12, 2017

Amazon to double offices in India, will boost hiring

The new Amazon offices in Hyderabad, Bengaluru, Pune, Chennai and the National Capital Region (NCR) will work for its both domestic and global customers.

Sep 12, 2017