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Axis Bank follows SBI, Bank of Baroda, reduces interest rate on savings deposits

In a regulatory filing to the BSE, private sector lender Axis Bank said the rate has been slashed by 50 basis points to 3.50 percent.

Aug 8, 2017

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Murthy gets backing of proxy advisory firms on Panaya deal report

Bengaluru-based independent advisory firm Ingovern has shown support to Murthy's stance but has also asked the founders of Infosys for a specific action plan to put the company back on the stability track.

Aug 8, 2017

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Warbug Pincus, others eye stake in Catholic Syrian Bank: Report

After talks with Canadian billionaire Prem Watsa's Fairfax failed to fructify, other PE investors are keen to acquire stake in Catholic Syrian Bank.

Aug 8, 2017

Eros in talks with Apple, Amazon and Netflix to sell film and music library

If the talks fructify, Eros might bag a deal worth $ 1 billion. The sale might also include its digital OTT platform and the streaming portal Eros Now.

Aug 8, 2017

Google fires employee James Damore behind anti-diversity memo

Alphabet Incs Google has fired an employee who wrote an internal memo that ascribed gender inequality in the technology industry to biological differences. James Damore confirmed to several media outlets, including Breitbart, Wired and Bloomberg that he was fired for perpetuating gender stereotypes.

Aug 8, 2017

$23 bn Idea-Vodafone merger gets conditional go-ahead from exchanges

Idea has given a voluntary undertaking to Sebi that it will not dispose of shares purchased by one of its promoters before the merger announcement.

Aug 8, 2017

Is Jeff Bezos and Amazon set to take over the world?

Amazon to set up online and physical food retailing stores around Diwali

Amazon's move may trigger a price war with conventional retailers like Big Bazaar, Foodhall, Hypercity and D-Mart, and online grocery stores.

Aug 8, 2017

No more GST confusion: TCS iON plans to give lessons on single tax to small businesses

GST Shiksha Hub will provide relevant information to the small businesses on a real-time basis.

Aug 8, 2017

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Tata Steel, Hindalco, Vedanta gain despite Sensex, Nifty trading with losses

Tata Steel shares flared up on the bourses in response to strong June quarter (Q1) numbers and Hindalco arm Novelis reported upbeat Q1 data.

Aug 8, 2017

Surging steel demand boosts Tata Steel Q1 profit

Tata Steel's revenue rose 19.3 percent to Rs 30,973.3 crore from a year earlier helped by a robust demand for steel both at home and abroad.

Aug 8, 2017

General Insurance Corp files for IPO, may raise over $1 bn

Will issue 124.7 mn shares comprising 14.22 percent of capital.

Aug 7, 2017

IndiGo plans 85 flights a day on routes less travelled

Simultaneously, the airline plans to deploy ATR-72 planes on some routes that are mostly in north-eastern states and currently served by the Airbus A320.

Aug 7, 2017

Wind-ing up: Projects worth 3,000-Mw up for sale as wind power sops dry up

More trouble ahead for sector as state governments want to renegotiate existing power purchase agreements and lower tariffs.

Aug 7, 2017

Vijay Mallya's exit uncorks new salary highs at United Spirits

USL has more crorepati employees than Infosys and most FMCG biggies

Aug 7, 2017

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How Reliance is making use of startups to expand business

GenNext Hub runs two programmes — Scalerator for product-market fit for startups looking to scale up and Accelerator for concept-stage or product-ready startups looking for a market.

Aug 7, 2017