Business news

Finally some good news techies! Goldman Sachs is hiring engineers in India

Not just lateral hiring, investment bank Goldman Sachs also plans to enhance its campus recruitment this year by up to 25-30 percent as it aims to embrace technology at a larger scale.

Jul 25, 2017

PriceWaterhouseCoopers under fire for alleged tax evasion and criminal intimidation

Sarvesh Mathur, a former CFO at PwC's Indian arm has accused the British audit firm of evading taxes, manipulating books and breaking numerous laws.

Jul 25, 2017

India's Big Steel enigma: Grey hair, red ink, but blue skies?

Highly leveraged steel companies working on thinning margins augur ill for the balance sheets of banks.

Jul 24, 2017

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IT start-up employees are entitled to labour law benefits like provident fund: Govt

Union Minister of State for Labour Bandaru Dattatreya on Monday said employees of tech start-ups can claim benefits like provident funds as part of the labour laws of the country.

Jul 24, 2017

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United Spirits Q1 profit grows 43.6% despite alcohol ban

Company revenues fell to Rs 5,847.7 crore from Rs 5,877.2 crore on back of falling number of retail outlets, alcohol ban.

Jul 24, 2017

PM lauds contributions of CA community, while govt mulls regulatory body

The new agency -- which can have up to 15 members, including the chairman -- is mandated to advise on issues related to audit and accounting standards.

Jul 24, 2017

Feeling the automation heat? ITC Infotech to acquire smaller firms to ramp up digital services game

ITC Infotech is planning to buy out smaller companies valued in the range of Rs 320 crore in a bid to ramp up its game in the digital technology market and innovate AI and Internet of Things.

Jul 24, 2017

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HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

The bank's net profit rose 20.2 percent to Rs 3,894 crore in the first quarter of fiscal year 2018

Jul 24, 2017

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Axis Bank gears up for competition as Amazon makes a bid in the range of Rs 500 crore for Freecharge

It was earlier reported that Axis Bank was leading the race to acquire digital payments platform Freecharge and was even said to be conducting due diligence.

Jul 24, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

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Business news

Finally some good news techies! Goldman Sachs is hiring engineers in India

PriceWaterhouseCoopers under fire for alleged tax evasion and criminal intimidation

India's Big Steel enigma: Grey hair, red ink, but blue skies?

IT start-up employees are entitled to labour law benefits like provident fund: Govt

United Spirits Q1 profit grows 43.6% despite alcohol ban

PM lauds contributions of CA community, while govt mulls regulatory body

Feeling the automation heat? ITC Infotech to acquire smaller firms to ramp up digital services game

HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

Axis Bank gears up for competition as Amazon makes a bid in the range of Rs 500 crore for Freecharge

NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Home base: Not briefing Tata trusts on every move I make, says Chandra

Unfair in retrospect: Builders take govt to court, say RERA is illegal

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

No change in the air: Trai rules out floor price for telecom services as of now