Business news

Samsung to open world's largest mobile experience centre in Bengaluru

Also, this would be the biggest-ever display of Samsung accessories such as cases, covers and power banks at the "Samsung Opera House" wherein prospective buyers would be offered customization options for accessories.

Sep 11, 2018

Rupee depreciation may benefit the IT companies

The Indian IT companies are expected to witness an improvement in margins by as much as 100 basis points in their second quarter on the current fiscal year.

Sep 11, 2018

Jet Airways seeks fresh capital; Blackstone group in talks to pick up stake in loyalty programme

The employees of the debt-ridden airline have not been paid their salaries for the month of July and August.

Sep 11, 2018

Who is Purvi Modi? Nirav Modi's money manager on Interpol list

Nirav Modi had two trusts and a few shell companies through which Purvi Modi, his sister, conducted the transactions.

Sep 11, 2018

Google agrees to comply with RBI's data storage rules

Last month Google CEO Sundar Pichai and Law & IT Minister Ravi Shankar Prasad had met in California.

Sep 11, 2018

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JNPT to rescue Air India; may buy iconic Mumbai building for Rs 2,000 crore

The national carrier has witnessed a muted response from the potential investors in the recent privatisation attempt.

Sep 10, 2018

Infosys faces lawsuit in US for not paying overtime

In a filing to the court, the complainant said that he was forced to work for 11 hour days at times and was paid for only 8 hours or fewer as CVS 'refused to be billed for overtime wages.

Sep 10, 2018

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Crackdown on shell companies: Government plans to geo-tag firms

The government last year had come down on over two lakh firms for not filing annual returns and had ordered an investigation.

Sep 10, 2018

CEO Zhang to replace Jack Ma as chairman of Alibaba group

Zhang, who was earlier the CEO of Taobao, an online shopping portal owned by the Alibaba Group, was appointed the CEO of the Alibaba Group in 2015.

Sep 10, 2018

Only one third of working Indians save up for retirement: Report

The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years

Sep 9, 2018

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Jack Ma's retirement comment reportedly taken out of context; Alibaba founder to unveil succession plan

A New York Times article had said that Jack Ma would announce his retirement on Monday. However, a new report has said that he will remain onboard.

Sep 9, 2018

Walmart on Flipkart deal: Have complied with all tax obligations under IT rules

The Bentonville behemoth had bought 77 percent stake worth $16 billion in India's largest online retailer Flipkart.

Sep 8, 2018

Hinduja Group eyes equity stake in two UAE banks; plans to move HQ out of London

Gopichand P. Hinduja said that the company is mulling the idea of shifting its London-based headquarters either to UAE or Singapore.

Sep 8, 2018

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

The 13 storied building, Radhika apartments in Prabhadevi in central Mumbai, was earlier the staff quarter for the ICICI bank. It has now come under lens after the allegations were made of possible quid pro quo.

Sep 8, 2018