Business news

Uber files for $76 bln initial public offering -- Report

Uber Chief Executive Dara Khosrowshahi had told Reuters in May that the ride-hailing company was on track to launch an initial public offering next year.

Dec 8, 2018

HCL buys IBM Software Products for $1.8 billion

HCL Chief Executive C. Vijayakumar said in a statement that the deployment of IBM software products would provide it with an opportunity to serve thousands of global enterprises across industry verticals.

Dec 7, 2018

Kirthiga Reddy ends stellar stint at Facebook; joins SoftBank as first venture partner

Reddy had resigned as Facebook India MD (then based out of Hyderabad) in 2016 and returned to its US headquarters at Menlo Park to work there.

Dec 7, 2018

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Etihad bailout: NRI tycoon Yusuffali roped in by Jet Airways as talks enter advanced stages

Reports suggest UAE national carrier may stand guarantee for up to Rs150 million loans for debt-ridden Indian airline

Dec 7, 2018

Yes Bank raises sensational charges against rival Kotak and business daily

Yes Bank and Kotak Mahindra Bank started operations in the early 2000s as investment banks, but Kotak bloomed into a full fledged lender later on.

Dec 7, 2018

Fortis feud blows up as Malvinder Singh accuses brother Shivinder of assault

In a video, which was sent to family members and friends, Malvinder has alleged that Shivinder physically assaulted him before a board meeting of Prius Real Estate at their Hanuman Road office in central Delhi on Wednesday, December 5.

Dec 7, 2018

Connecticut: Infosys inaugurates high-tech innovation hub in Hartford

The hub will also help organisations learn through making, bring expertise in technologies like blockchain, extended reality and cognitive capabilities with design thinking, agile and DevOps.

Dec 6, 2018

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KKR may pick up CCD founder VG Siddhartha's stake in Mindtree

Siddhartha is the largest investor controlling 26% of shares in information technology major Mindtree.

Dec 6, 2018

Arrested Huawei CFO faces extradition to US; what charges is Meng Wanzhou facing?

A Canada Justice department official said that US Department of Justice had opened the investigation in April and was probing if the telecommunications brand sold gear to Iran despite a ban on exports to the region.

Dec 6, 2018

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Key Indian equity indices open in red amid negative global cues

At the National Stock Exchange (NSE), the broader 50-scrip Nifty, which had closed at 10,782.90 on Wednesday, was quoting at 10,708.55, down by 74.35 points or 0.69 per cent.

Dec 6, 2018

Sebi pushes reforms for unicorns' direct listing in overseas markets

Panel report seeking stakeholder feedback wants to allow direct listing of foreign start-ups in the country's stock markets

Dec 5, 2018

Carlos Ghosn's $70 mln hidden pay points to rot at Nissan

Ghosn's pay had attracted negative attention earlier as well in Japan, where executives are paid frugally by western standards.

Dec 5, 2018

Cash-crunched Jet Airways 'close to deal' with Etihad Airlines for fresh capital infusion

Executives of UAE national carrier talk to bankers to put together a rescue plan for debt-laden Indian private airline.

Dec 5, 2018

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Rupee relief unlikely to last as Modi government goes into election year

Domestic pressures like elections and international factors including oil and trade uncertainties could weaken the currency.

Dec 5, 2018

HUL chief's statement failed to allay GSK India staff fears: Report

GSK's 4,000 employees in India worried that restructuring after one year could affect them adversely as HUL integration begins.

Dec 5, 2018

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Business news

Uber files for $76 bln initial public offering -- Report

HCL buys IBM Software Products for $1.8 billion

Kirthiga Reddy ends stellar stint at Facebook; joins SoftBank as first venture partner

Etihad bailout: NRI tycoon Yusuffali roped in by Jet Airways as talks enter advanced stages

Yes Bank raises sensational charges against rival Kotak and business daily

Fortis feud blows up as Malvinder Singh accuses brother Shivinder of assault

Connecticut: Infosys inaugurates high-tech innovation hub in Hartford

KKR may pick up CCD founder VG Siddhartha's stake in Mindtree

Arrested Huawei CFO faces extradition to US; what charges is Meng Wanzhou facing?

Key Indian equity indices open in red amid negative global cues

Sebi pushes reforms for unicorns' direct listing in overseas markets

Carlos Ghosn's $70 mln hidden pay points to rot at Nissan

Cash-crunched Jet Airways 'close to deal' with Etihad Airlines for fresh capital infusion

Rupee relief unlikely to last as Modi government goes into election year

HUL chief's statement failed to allay GSK India staff fears: Report

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]