Business news

Jeff Bezos pledges $10 billion to fight climate change

In an Instagram post, Amazon Founder and CEO said he is launching an initiative called the "Bezos Earth Fund".

Feb 19, 2020

HSBC layoffs 2020: London-based bank to axe up to 35,000 jobs in massive overhaul

Europe's biggest bank by assets, which has long underperformed rivals, reported profit before tax of $13.35 billion for 2019 versus $19.89 billion a year earlier.

Feb 18, 2020

Microsoft's third R&D hub in India creates jobs for 'thousands of engineers'

After Bengaluru and Hyderabad, Microsoft expands to Noida with its third India Development Centre (IDC).

Feb 17, 2020

Cheaper Chinese Television effect: Sony slashes 120 jobs in India

Sony is facing a tough time in India with the market flooded with cheaper Chinese alternatives.

Feb 17, 2020

Airtel deposits Rs 10,000 crore AGR dues to telecom department; Vodafone Idea to pay next

Bharti Airtel said it is in the process of self-assessment of accounts and will duly make the balance payments before the next date of hearing (March 17). According to DoT, Bharti Airtel owes Rs 35,500 crore to DoT.

Feb 17, 2020

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Tata Trusts appoints new CEO: Srinath Narasimhan takes charge on April 1

Tata Trusts observed two major changes in upper management. Here's everything you need to know.

Feb 12, 2020

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Here's why Indian startups are registering their businesses abroad

Interestingly, India major start-ups including Oyo, Curefit, Lenskart, Urban Company and Paytm First Games, which began their operations in India are now also registering their new investment units in Singapore or the United States.

Feb 12, 2020

UAE banks are coming hard at Indian defaulters to recover Rs 50,000 crore debt

Indian loan defaulters who defrauded UAE banks won't find be able to find sanctuary in India.

Feb 8, 2020

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Huge pay gap in corporates: Wage gap between men and women CEOs doubles

The data also highlighted that the pay inequalities increase steeply with an increase in the work experience

Feb 8, 2020

Ayushman Bharat Scheme: Nirmala Sitharaman slashed budget to half; here's why

Finance Minister Nirmala Sitharaman in her budget speech significantly slashed the budget allocation for officially known as Pradhan Mantri Jan Aarogya Yojana (PMJAY) from Rs 6,400 crore to Rs 3,314 crore in the ongoing 2019-20 fiscal.

Feb 4, 2020

Budget 2020: What it means for the smartphone industry in India

Union Finance Minister Nirmala Sitharaman proposed a new scheme for promoting smartphone manufacturing in her Budget 2020 speech.

Feb 1, 2020

India Inc reaction on Budget 2020: Biocon chief Kiran Mazumdar-Shaw hails promise on ending tax harassment

Biocon Chairperson Kiran Mazumdar-Shaw on February 1 lauded Sitharaman for promising to end tax harassment of India Inc and correcting the Companies Act to decriminalise many non-compliances.

Feb 1, 2020

Budget 2020: Markets pin hopes on LTCG, DDT cut

Indian economy is witnessing a severe economic slowdown and requires concrete actions that include steps such as tax cuts in order to boost demand.

Jan 31, 2020

Here's what market is expecting from the Union Budget 2020

The Union Budget for the fiscal year 2020-21 will be presented by finance minister Sitharaman tomorrow at 11 am.

Jan 31, 2020

Who is Arvind Krishna, the new IBM CEO who replaced Ginni Rometty?

Former CEO of IBM Ginni Rometty has described him as the "right CEO for the next era at IBM" and "well-positioned" to lead the company into the cloud and cognitive era.

Jan 31, 2020