Business news

Former employees sue Disney for replacing them with Indian workers

The group alleges that they were laid off "based solely on their national origin and race and were replaced with Indian workers."

Dec 15, 2016

Alaska Air acquires Virgin America airlines in $2.6 billion deal

With this merger, Alaska Air will become the fifth-largest domestic carrier in America.

Dec 15, 2016

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Axis Bank in trouble again: I-T sleuths seize Rs 60 crore from 20 fake accounts at Noida branch

The fake accounts at the bank's Sector 51 Noida branch were created just to launder black money.

Dec 15, 2016

ONGC goes ex-bonus, falls 34%; Sensex, Nifty shrug off US Fed rate hike

Public sector company ONGC had declared bonus shares in the ratio of 1:2 in October.

Dec 15, 2016

PepsiCo CEO Indra Nooyi joins Donald Trump's advisory council

Nooyi is the only Indian-American executive in the 19-member Strategic and Policy Forum, which would help Trump implement his economic agenda.

Dec 15, 2016

Asia stocks, currencies wobble as Fed flags more hikes

Yields on short-term US debt surged to the highest since 2009, sending the dollar to peaks not seen in almost 14 years.

Dec 15, 2016

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Sensex, Nifty end volatile session on Wednesday as nervous markets wait Fed outcome

Shares of banking, auto and metal remained under pressure, while IT stocks gained in trade on Wednesday.

Dec 14, 2016

US jobs: IBM plans to hire 25,000 people in America over four years

The announcement by the tech giant comes a day before Donald Trump will meet tech leaders.

Dec 14, 2016

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Budget 2017: Telecom firms to seek relaxation in special audits

In a pre-budget consultative meeting, telcos would also seek clarity on spectrum service tax, which has been imposed effective from 2016-17.

Dec 14, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

Life insurers gain from demonetisation; LIC's premium collection more than doubles in November

Total premium collections of LIC stood at Rs 12,528 crore in November against Rs 5,182 crore in the same month last year. Private life insurers also posted growth.

Dec 14, 2016

Here is how Cyrus Mistry was ousted from TCS by overwhelming majority of directors

Mistry was removed as director of TCS barely hours after being ousted from Tata Industries.

Dec 14, 2016

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Bank, auto, metal stocks under pressure; Nifty falls below 8,200 level

S&P's report on falling rural demand due to ongoing cash crunch weighed on investors' sentiments.

Dec 14, 2016

Airtel internet connections down across country as Cyclone Vardah hits undersea cable

There is no time-frame on when internet services for both broadband and mobile will be restored.

Dec 13, 2016

Arun Jaitley hints at lower taxes following demonetisation, but here's why it may not happen

Jaitley says demonetisation would enable the government to make taxes more reasonable with both direct and indirect taxes involved.

Dec 13, 2016

coal india results q2 net profit sales down

Coal India net profit plunges 77% in September quarter

The fall in Q2 consolidated net profit for Coal India was marked by drop in income and increase in employee costs.

Dec 13, 2016

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