Business news

Tata Steel sells two UK pipe mills to Liberty House Group

The mills in Hartlepool employ 140 people and have a production capacity of over 250,000 tonnes a year.

Jul 11, 2017

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Nifty hits all-time closing high, about 200 points away from 10,000

The NSE Nifty closes at 9,786 while the 30-scrip Sensex ends at 31,747.

Jul 11, 2017

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Air India sale: India is a target for foreign airlines, PE investors, says report

Fast-growing domestic air traffic business makes India an attractive destination.

Jul 11, 2017

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Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further.

Jul 11, 2017

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IT layoffs: Hyderabad High Court issues notice to Tech Mahindra for illegal job cuts

Hyderabad High Court's Justice M S Ramachandra Rao issued notices to Tech Mahindra and the state of Telangana for unlawful job cuts, and they will have three weeks to respond.

Jul 11, 2017

Flipkart to make another buyout offer this week after Snapdeal rejected its $800 million bid

Flipkart's new offer is expected to be closer to its initial bid of $1 billion and if it goes through, the deal with Snapdeal would take about a month to be completed.

Jul 11, 2017

Rupay transactions worth Rs 5,000 crore carried out in April-June: NCPI

Transactions via UPI crossed 1 crore in volumes during Apr-June, while Bhim and Bhim Aadhaar are also showing positive trends.

Jul 10, 2017

Bharti Airtel to invest upto Rs 2,000 crore to improve services

New innovations under 'Project Next' will deliver a seamless real-time digital experience with new version of MyAirtel App.

Jul 10, 2017

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Sensex, Nifty close at record highs

Bharti Airtel gains on reports of fresh investment worth Rs 2,000 crore in the digital space; IT stocks spurt ahead of June quarter results.

Jul 10, 2017

Wondering how much Tech Mahindra CEO Gurnani earns? It's more than the boards of Infosys, TCS and Wipro

India's fifth largest IT services provider Tech Mahindra MD and CEO CP Gurnani earned Rs 150.7 crore, including the value of stock option that was granted to him, in FY2017.

Jul 10, 2017

Israel's Check Point Software to ramp up India operations

Israel's biggest tech company is looking to push value additions to its worldwide security products and services clients.

Jul 10, 2017

French regulator ANSM finds lapses at Biocon plant, stock falls 9%

Until the drug product facility gets clearance on a follow-up review, Biocon will not get marketing approval for its biosimilars.

Jul 10, 2017

Paytm Mall to hire 2,000 employees in 2017 in a bid to up its e-commerce game

Apart from its plans to hire 2,000 workers, Paytm Mall has also moved about 800 employees from its digital payments platform Paytm.

Jul 10, 2017

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Good in parts: Break-up of Air India an option as Modi pushes speedy sale

Modi's office has set a deadline of early next year to get the sale process for Air India underway

Jul 9, 2017

Tax dues: Income tax department to attach shares if Cairn doesn't cough up Rs 10,395 crore

In a notice, the Income Tax Department has given the British firm 15 days to repay or face attachment of shares.

Jul 9, 2017

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