Business news

H-1B visa holder salary must be hiked to $80,000, says American Labour Secretary

Increasing the minimum salary from the current $60,000 could be more bad news for Indian tech companies.

Jun 29, 2017

The sharing economy: Co-working spaces are the next investment plays

Huge pent-up demand for shared working spaces will attract a flurry of funding activity from institutional investors.

Jun 29, 2017

After reported layoffs, Cognizant delays promotions and salary hikes by 3 months

Cognizant Technology Solutions (CTS) has deferred promotions and salary hikes of its employees by three months, due to higher business costs, visa curbs and slow growth.

Jun 29, 2017

Here's why McDonald's has closed 43 outlets in Delhi; are 1,700 people jobless?

As many as 43 McDonalds restaurants in Delhi have been shut down, affecting the fate of 1,700 employees. Read to know why this happened.

Jun 29, 2017

KG-D6 gas output down to a drip, says Reliance

Company says trying to maintain liquid flow, sustain production until future projects are commissioned.

Jun 29, 2017

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Sensex reverses losing streak; Tata Steel, ICICI Prudential, Interglobe Aviation hit new highs, fresh developments at Mindtree, Fortis, Godrej

The BSE Sensex was trading about 250 points higher at 31,085; top gainers on BSE include Tata Steel, SpiceJet, ICICI Prudential, Interglobe Aviation.

Jun 29, 2017

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Stage set for GST rollout, says Finance Minister Jaitley

'GST date was decided on consensus by the GST Council, which comprises the Centre and the states'.

Jun 29, 2017

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Modi govt approves 'in-principle' sale of Air India; Tatas can be in the fray to buy national carrier

FM Arun Jaitley says the Union Cabinet on Wednesday gave "in-principle" approval to sell Air India; Tata Group, among others, could bid for buying the carrier.

Jun 28, 2017

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SAIL readies for new tax regime under GST

The company, besides appointing a consultant for overseeing the transition, has also formed special teams for coordination with its plants, units and marketing offices.

Jun 28, 2017

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Lingerie is a beautiful business to be in: Clovia CEO Pankaj Vermani

In an interview with International Business Times, India edition, Clovia CEO Pankaj Vermani talks about various aspects of the $4-billion lingerie market in India.

Jun 28, 2017

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RBI crackdown on loan defaulters triggers mega assets sale by Anil Ambani: Report

Anil Ambani has already decided to dilute stake in Reliance General Insurance and Reliance Nippon Life Asset Management via IPO, apart from selling assets in roads, real estate and under-sea cable, says Bloomberg.

Jun 28, 2017

A boy, who fled from the violence in Mosul, stands near tents in a camp for internally displaced people on the outskirts of Arbil in Iraq's Kurdistan region

Kurdish Independence: '800,000 bpd of crude needed to oil statecraft'

The oil-rich city of Kirkurk, which the Kurds call their Jerusalem, has almost three percent of the world's proven oil reserves.

Jun 27, 2017

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Wondering how much the SBI chief earns? Here's how low the salary is

SBI chairman Arundhati Bhattacharya took home Rs 28.96 lakh last fiscal, which might generally sound like a big amount but is extremely low when compared with the heads of private banks.

Jun 27, 2017

Vivo bids a mindboggling Rs 2,199 Crores to retain IPL title sponsorship till 2022

The Chinese smartphone manufacturer hopes that working with the BCCI will give them a major boost in their growth.

Jun 27, 2017

India's SpiceJet is world's top performing airline stock with 124% gain

SpiceJet, at the beginning of 2017, had ordered 100 Boeing 737 Max aircraft, valued at $11 billion, with a total of $26 billion in plane orders to boot.

Jun 27, 2017

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