Business news

Samsung to invest in 100 start-ups in big India push

The Samsung Venture Investment Corporation (SVIC) has already invested about $8.5 million in the four companies.

Jul 12, 2019

digital payments, online shopping, digital india, payu india, lazypay

More trouble for PayU as India MD & Co-founder Shailaz Nag quits

Shailaz Nag is quitting PayU to look for more opportunities in the payments space.

Jul 12, 2019

India's e-commerce rules regressive: Walmart to US government

Walmart had invested $16 billion in Indian e-commerce giant Flipkart, its biggest ever acquisition globally.

Jul 12, 2019

Hyundai Kona: Everything to know about all new electric SUV

Kona delivers 136 PS of power and torque of 395 Nm. The battery allows the vehicle to roll for about 452 km with a single charging.

Jul 11, 2019

Who are Rahul Bhatia and Rakesh Gangwal? Here's all about the IndiGo promoters

Rakesh Gangwal has accused Rahul Bhatia of using unusual controlling rights in the company.

Jul 11, 2019

Byju's raises $150 mn from investors led by Qatar wealth fund; education startup now valued at $5.5 bn

Venture capital fund Owl Ventures also participated in the funding round and the proceeds will be used for international expansion.

Jul 11, 2019

Will IndiGo tread Jet's path as promoters clash over governance?

Differences between Gangwal and Bhatia have reached a stage where they could affect the day-to-day operations of India's largest airline; Sebi forced to intervene

Jul 10, 2019

Nirmala Sitharaman's major challenge ahead: How to widen income tax net?

India is hugely a 'subsidised' nation where agriculturists, forming the biggest chunk at 75 percent of the population, are availing the tax exemption citing the agricultural income.

Jul 10, 2019

General Atlantic, Temasek and Goldman Sachs vie for 10-12% stake in BookMyShow

The three investors plan to outgun small shareholders like SAIF Partners that holds 5.6 percent stake in BookMyShow.

Jul 10, 2019

'Deposit 18,000 crore to travel abroad': Delhi High Court tells Naresh Goyal

The court expressed apprehension that the founder and former chairman of the airline may not return like others facing allegations of frauds, refused interim relief to him.

Jul 10, 2019

TCS seeks double-digit growth as key markets face slowdown

TCS, like its peers in the over $150 billion Indian IT services sector, is heavily dependent on clients in North America and Europe.

Jul 10, 2019

CarDekho in aggressive expansion mode; to hire 2,000 people in tech and business verticals

About 30 percent of the new recruits will be for the tech division and 20 percent for the management verticals related to insurance, fintech, retail and digital.

Jul 9, 2019

Deutsche Bank cuts 18,000 jobs in €7.4 billion overhaul

Hundreds of employees from New York, Tokyo and London offices saw that their careers "ended in an envelope, a hug and a cab ride".

Jul 9, 2019

Bombay Stock Exchange building BSE dalal street

Sensex tanks 200 points as bloodbath continues on Dalal Street, Nifty falls below 11,481

Sensex and Nifty fell as the Union Budget 2019 disappointed Dalal Street, which continued to react negatively to the Budget proposal.

Jul 9, 2019

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Cognizant former executives lead the race for Mindtree top job as company share hits a 52-week low on NSE; second-rung leadership worried about the firm's future.

Jul 9, 2019