Business news

State Bank of India says merger will add $120 billion to assets

Agencies quoted State Bank of India as saying that the merger with five associate banks and BMB will also drive SBI's global stature.

Aug 20, 2016

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7th Pay Commission effect? Coal India workers demand Rs.18,000 minimum monthly salary, to join September 2 strike

The September 2 strike is, among other things, for minimum monthly salary of Rs.18,000, similar to the 7th pay commission proposal for government employees.

Aug 20, 2016

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Markets week ahead: Aviation stocks likely to spurt over bullish July air traffic data

Jet Airways, SpiceJet and Indigo-parent Interglobe Aviation shares could rise over July domestic air traffic data.

Aug 20, 2016

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Titan, PC Jeweller set to gain from pay commission-induced salary hike, good monsoon, longer wedding season

ICICI Securities says Titan and PC Jeweller shares are likely to rally aided by higher gold sales over good monsoon, longer wedding season.

Aug 20, 2016

Kotak Mahindra sells entire stake in La Opala RG

In a block deal, Kotak Mahindra sold its complete stake of 1.43 million shares in La Opala RG.

Aug 19, 2016

A closer look at Azim Premji on his 50th year as Wipro's leader

Wipro's founder Azim Premji completes 50 years as the company's leader and guided the firm through its transition into IT sector.

Aug 19, 2016

Infosys shares fall 4% in 4 trading sessions; almost hit 52-week low

Shares of IT software services exporter Infosys started declining after informing that client RBS dropped plans to list W&G.

Aug 19, 2016

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Cranes Software International promoters Asif Khader, Mukkaram Jan in trouble; lender to auction properties

In a public notice, Bank of India said that it will auction properties of promoters of Cranes Software as part of loan recovery.

Aug 19, 2016

BSNL inks deal with Microsoft India for end-to-end telecom, IT solutions

The BSNL-Microsoft deal would offer telecom & IT solutions to big businesses.

Aug 19, 2016

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RBL Bank IPO: Here is what brokerages are saying about the Rs. 1,200 crore public issue

The initial public offering (IPO) of RBL Bank opens on Friday (Aug. 19) and closes next Tuesday (Aug. 23).

Aug 19, 2016

Internet of Things to kill 94,000 jobs by 2021, says report

Internet of things will cause more job losses by the year 2021, in addition to job cuts estimated due to automation, says a management consulting firm report.

Aug 19, 2016

State Bank of India approves merger of associate banks, Bharatiya Mahila Bank

The decision to merge the associate banks and Bharatiya Mahila Bank with itself was conveyed to the BSE on Thursday.

Aug 18, 2016

TCS , US airlines JetBlue expand outsourcing contract to include data analytics

TCS will support US airlines JetBlue's digital initiatives as the two companies expand outsourcing deal.

Aug 18, 2016

Play

Philip Green clashes with Sky News reporter

Sky news reporter David Bowden attempted to question the retail tycoon Philip Green over the BHS crisis, but was met with hostility as Green threatened calling the police, lunged for the camera as well as threatening to destroy it. Green is being urged by many to stop his holiday on his wifes Â£100m pound yacht and confront BHSs pension mess, and sort it as pledged he would do in June, when he was confronted by MPs in the House of Commons.

Aug 18, 2016

China's Alibaba likely to set up India base in Bengaluru

The initial office space requirement is for about 150-200 people.

Aug 18, 2016

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