Business news

You can always go home: Reliance Communications to re-absorb 4,000 staffers after Ericsson deal debacle

RCom and Ericsson decided to sever ties over non-payment of dues to the latter, amounting to approximately Rs 1,150 crore and now 4,000 employees are set to rejoin Reliance Communications.

Oct 11, 2017

Modi govt to bar homeopathy doctors from selling drugs

Complaints like commercial interests were influencing the behaviour against homoeopathic practitioners forced the government to made news rules.

Oct 10, 2017

Mental health in the workplace - by the numbers

According to the World Federation For Mental Health, major mental health problems cost the US $193bn a year in lost earnings. The estimated global cost of mental health issues is $2.5 trillion.

Oct 10, 2017

Mahindra and Mahindra to hire 600-700 people this year with plans to focus on electric vehicle solutions

Mahindra and Mahindra is set to hire 300 class of 2018 graduates from various business and engineering colleges, a majority of whom will work on designs and new technologies.

Oct 10, 2017

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Paytm Mall net loss stands at Rs 13.63 crore for 2016-17

The Alibaba-backed company, which runs the online retail platform Paytm Mall, clocked Rs 7.3 crore in revenues with a loss of Rs 13.6 crore between August 2016 and March 2017.

Oct 10, 2017

SEBI files contempt petition in SC against Sahara and Subrata Roy for disrupting Aamby Valley auction process

The Apex Court of India has ordered to put Sahara Group's Rs 37,000-crore luxury township Aamby Valley up for auction, calling it "an abuser of process of law."

Oct 10, 2017

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Convicted firms cannot participate in PSU privatisation, says Centre

With the new guidelines, the government has decided to put emphasis on additional criteria for qualification or disqualification of parties seeking to acquire stakes in Central Public Sector Enterprises (CPSEs).

Oct 9, 2017

Tata Group eyes buying debt-ridden Air India

Chandrasekaran said the company needs more details from the government on the process in order to finalise its position on the deal.

Oct 9, 2017

Arundhati Bhattacharaya, SBI chairman, SBI, SBI merger

I regret not seeing end of NPA story: Former SBI chief Arundhati Bhattacharya

Bhattacharya haven't zeroed in on what she will consider post retirement, but she said wanted to pursue a PhD.

Oct 9, 2017

Tata Teleservices to shut shop; what will happen to its 5,000 employees?

The company is apparently working on an exit plan for its employees and they may get three to six months notice period.

Oct 9, 2017

Diwali Dhamaka for exporters: No tax for six months, GST refunds in two months

For six months, we are actually reverting back to the pre-GST scenario, said the Revenue secretary

Oct 8, 2017

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Is this a good time to invest in gold?

The ongoing geopolitical tension between the United States and North Korea and on the domestic front the rise of inflation made gold investment a safe bet.

Oct 8, 2017

STOP ADANI: Protests held across Australia to stop Carmichael coal mine project

Protestors at large are forming human signs that said "STOP ADANI" at various prominent locations across the country, and numbers of protestors are growing with each passing day.

Oct 8, 2017

Elon Musk wants to save Puerto Rico with solar power

Much of Puerto Rico is still without power after The island was devastated by Hurricane Maria in September. But Tesla CEO Elon Musk says he can rebuild Puerto Ricos power grid with solar power.

Oct 7, 2017

Latest! Aadhaar made mandatory for PPF, post office deposits, Kisan Vikas Patra

In the notifications the government has mandated that existing depositors will be given time till December 31, 2017 to verify accounts with 12-digit unique verification number.

Oct 6, 2017