Business news

The Advertising Club Bangalore, Big Bang Awards 2018

Big Bang Awards 2018 to be presented next week, gets record entries from across India

The Advertising Club Bangalore will present Big Bang Awards for excellence in Creative & Media on several categories on September 28.

Sep 19, 2018

US justice department probes Tesla over CEO Elon Musk's tweets about taking company private

The probe by the Justice Department, which can press criminal charges, comes on top of a civil probe by the Securities and Exchange Commission and shareholder lawsuits.

Sep 19, 2018

ola, olacabs, ola cabs, ola ceo bhavish aggarwal, ola founders, ola rival uber, cab hailing services in india

Ola raises $50 million from China's communist party-backed investor

The investee companies --Sailing and CEECF -- have paid the amount to hold a combined stake of more than 1 percent in Ola which implies that its valuation has gone up since its previous round of funding.

Sep 18, 2018

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Bansal alleged that Infosys paid him Rs 5.2 crore and withheld the balance stating that he did not meet certain requirements.

Sep 18, 2018

Rare earths and trade war: Trump exposes Achilles heel in raging tariff tussle with China

China controls more than 90 percent of the world's rare earth market, making advanced nations heavily dependent on it for the supply of minerals used in high-tech industries and defence systems.

Sep 18, 2018

Vijay Mallya extradition case: Detention not required at this stage, said CBI in 2015 look out circular

This was the second LOC. The first LOC was sent out on October 16, 2015, and the CBI had checked the box to "prevent the subject from leaving India". The CBI has now said that this was an error in judgment.

Sep 18, 2018

Tata Motors logos are seen at their flagship showroom

Tata Communications and SASTRA launch cyber security lab in Tamil Nadu

The cybersecurity lab was inaugurated at the Shanmugha Arts, Science, Technology and Research Academy (SASTRA) on September 15.

Sep 17, 2018

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India's market boom is coming to an end, Goldman Sachs warns

Sensex and Nifty tumbled in morning trade on Monday, ending two sessions of strong rally. While Sensex plunged more than 400 points to dive below 38,000 levels, Nifty breached the 11400 levels.

Sep 17, 2018

Salesforce chief Marc Benioff buys iconic Time magazine for $190 million in cash

Founded in 1923 by Henry Luce and Briton Hadden, Time was the first weekly news magazine in the United States.

Sep 17, 2018

Amazon almost done investing its proposed $5 billion to expand business in India

Amazon is spending its most part of the investment on building infrastructure for the future and it is further expected that Amazon is going to invest aggressively in the ever-growing market.

Sep 16, 2018

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

This would be first chargesheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1600 crore.

Sep 16, 2018

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

The IT department had earlier sent a communication to Walmart International Holdings seeking a break-up of the taxes paid from the payment to all the shareholders.

Sep 16, 2018

Infosys buys Finnish firm Fluido Oy for $76 mn

Though the company did not disclose the acquisition cost in its release, it mentioned in a regulatory filing on the BSE that "100 per cent of Fluido's shares have been acquired in cash for Euro 65 million", which translates to $75.8 million (Rs 546 crore).

Sep 15, 2018

manyata tech park it companies in bangalore bengaluru tech parks SEZ

Govt permission not needed for managerial payout, says Corporate Affairs Ministry

If the employee's salary is more than 11 per cent of the net profit of the company, the company's shareholders' approval is needed through a special resolution and not the government's.

Sep 14, 2018

'Next global financial crisis could trigger a 50% plunge in emerging market stocks'

In India, the projected fall in energy prices could be a silver lining amid the gloom of the next meltdown.

Sep 14, 2018

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Business news

Big Bang Awards 2018 to be presented next week, gets record entries from across India

US justice department probes Tesla over CEO Elon Musk's tweets about taking company private

Ola raises $50 million from China's communist party-backed investor

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Rare earths and trade war: Trump exposes Achilles heel in raging tariff tussle with China

Vijay Mallya extradition case: Detention not required at this stage, said CBI in 2015 look out circular

Tata Communications and SASTRA launch cyber security lab in Tamil Nadu

India's market boom is coming to an end, Goldman Sachs warns

Salesforce chief Marc Benioff buys iconic Time magazine for $190 million in cash

Amazon almost done investing its proposed $5 billion to expand business in India

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

Infosys buys Finnish firm Fluido Oy for $76 mn

Govt permission not needed for managerial payout, says Corporate Affairs Ministry

'Next global financial crisis could trigger a 50% plunge in emerging market stocks'

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]