Business news

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

The bank's shares ended down 3.8 percent, their lowest close since June 13, 2016, having fallen as much as 6.4 percent after the results. The stock has lost almost half of its value this year making it the worst performer among Indian bank stocks.

May 16, 2018

CBI charges former PNB head, 21 others in bank fraud case

PNB, India's second-largest state-run bank, had revealed earlier this year that two jewellery groups had defrauded it by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff over several years.

May 15, 2018

Eicher Motors to focus on Royal Enfield: Interceptor, Continental GT 650 to lead strategy

After the unsuccessful venture with Polaris in personal utility vehicle space, Eicher Motors is planning to fully focus on its hugely profitable Royal Enfield motorcycle business. The Continental GT 650 and Interceptor 650 are the new bikes to be launched from the Chennai-based niche bike maker.

May 14, 2018

Hundreds of Flipkart employees to turn dollar millionaires overnight after Walmart acquisition

Many former and current Flipkart employees with shares are in for a treat after the American retail giant Walmart acquired 77 percent of the Bengaluru-based company for USD 16 billion.

May 10, 2018

Beyond headlines: What Flipkart-Walmart deal means for consumers, traders and government

The arrival of the most potent retailer from the first-world means the Indian consumers will be treated to ultra-low prices, steep discounts and other winning offers. On the other hand, the sellers, smaller rivals and other elements in the sprawling logistics chain are nervous.

May 10, 2018

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Business news

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

CBI charges former PNB head, 21 others in bank fraud case

Eicher Motors to focus on Royal Enfield: Interceptor, Continental GT 650 to lead strategy

Hundreds of Flipkart employees to turn dollar millionaires overnight after Walmart acquisition

Beyond headlines: What Flipkart-Walmart deal means for consumers, traders and government

Who is Sachin Bansal? Things to know about the co-founder of Flipkart

Walmart buys 77 percent stake in India's Flipkart for $16 billion

Maruti Suzuki recalls 52,686 new Swift, Baleno units: Is your car affected?

Apple surprises with solid iPhone sales, announces $100 billion buyback

U.S. judge blocks Fujifilm, Xerox merger temporarily

Jet Airways offers discount on premiere, economy flight tickets

Analysts still prefer Infosys over TCS despite bullish outlook, market cap boost

"Beautiful girls needed", "male only": Sexist job ads common at China tech giants

Fuel prices: Modi's undoing or the silver bullet for last leg?

TCS worth $100 billion: First Indian IT company to touch this value

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]