Business news

Azim Premji speech FULL TEXT: The 'trustee' of Wipro wealth bids farewell

To lead in this time of rapid change we have sharpened our strategy into four pillars based on what our clients need i.e. Business Re-imagination, Engineering Transformation and Modernization, Connected Intelligence, and Trust.

Jul 17, 2019

Here is why RSS economic wing is opposing PM Modi's plan for foreign currency bonds

RSS economic wing Swadeshi Jagran Manch views Prime Minister Narendra Modi's plan to issue foreign currency bonds as 'anti-patriotic' as it will allow rich foreign nations to control India's policies.

Jul 17, 2019

Government intervenes to save IndiGo from Jet Airways-like crash landing

Will PM Modi's intervention save IndiGo from crash-landing like Jet?

Rahul Bhatia controls nearly 38 percent stake in the airline against Rakesh Gangwal's 37 percent. Bhatia also holds special rights, including the prerogative of appointing three out of six directors.

Jul 17, 2019

India seeks more than $1 billion investment with new oil block auction

India awarded 32 blocks in the latest two exploration licensing rounds called the open acreage licensing policy (OALP), which allows companies to carve out any area they want to drill.

Jul 16, 2019

Infosys tightens the belt to protect margins as staff attrition rate skyrockets

The IT major is taking several measures to contain the fall in margin including withholding salary hikes to senior employees and suspending bonus payments to the staff of vice president level and above.

Jul 16, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

Time running out for DHFL as the lender needs Rs 3,000 crore of equity infusion

Lenders are showing their reluctance to give fresh loans unless DHLF secures fresh funds.

Jul 16, 2019

IndiGo promoters' differences threaten services

IndiGo rift set to worsen as Bhatia camp plans to grill Gangwal on engine talks

Board members to seek more information from Gangwal on his 'exclusive parleys' with engine maker Pratt & Whitney before IndiGo signed $20-billion deal for engines with rival CFM.

Jul 15, 2019

Housing lender DHFL warns it may not survive

DHFL's results are the latest sign of growing stress in India's finance sectors as state-owned banks grapple with bad debts and a recent liquidity crunch in the shadow banking industry.

Jul 15, 2019

India's 1st ethanol-powered bike: Here's all you need to know about TVS Apache RTR 200

The Modi government's mandate to electrify all three-wheelers and two-wheelers below 150cc by 2025 has pushed the giants to try different alternatives to reduce pollution.

Jul 14, 2019

More turbulence ahead for IndiGo as spat between the co-founders worsens

Rahul Bhatia replies to Rakesh Gangwal's allegations claiming related party transactions done by the airline company with his group of companies were in order.

Jul 13, 2019

Infosys net up 5.1% yearly, down 6.8% quarterly

Addition of 70 new clients during the quarter has taken their total number to 1,336, against 1,279 a quarter ago and 1,214 a year ago.

Jul 13, 2019

Will Anil Ambani's asset sales spree help lift crushing debt burden?

Younger Ambani sibling hopes to raise Rs 21,700 crore to win 'war on debt' after liabilities almost landed him in jail, forcing elder brother Mukesh's intervention

Jul 13, 2019

Court bars Snapdeal from selling Casio products

As part of its anti-counterfeiting strategy and an endeavor to ensure that its customers are not cheated, Casio has been fighting unscrupulous traders in local markets in India.

Jul 12, 2019

Will government's proposed guidelines protect homebuyers against realty frauds?

The government told the Supreme Court bench hearing the Jaypee Infratech case that it is working on the "uniform proposal" to cover all contingencies.

Jul 12, 2019