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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.

9 days ago

'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.

9 days ago

Walmart, Flipkart employees to get option to switch places

The decision has come after the Bentonville based e-retailer, Walmart, took over 77 per cent stake in Flipkart at a whopping $16 billion.

9 days ago

An outsider to replace CEO Francisco D'Souza at Cognizant?

The software company has been doing tremendously well under the leadership of D'Souza which has outperformed its peers to report revenue of $14.81 billion in 2017 from just about $1.42 billion in 2006.

10 days ago

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Reports say that Tata and Wipro are expected to grow swiftly this fiscal year. Tata is predicted to cross 10 per cent growth while Wipro is looking to cross one per cent growth.

11 days ago

Online pharma players concerned over the 'overlapping' powers of states in draft policy

India's pharmaceutical sector is valued at $33 billion in 2017. Moreover, it is likely to grow at a Compound Annual Growth Rate (CAGR) of 22.4% over 2015–20 to reach $55 billion.

11 days ago

Samsung to open world's largest mobile experience centre in Bengaluru

Also, this would be the biggest-ever display of Samsung accessories such as cases, covers and power banks at the "Samsung Opera House" wherein prospective buyers would be offered customization options for accessories.

11 days ago

Rupee depreciation may benefit the IT companies

The Indian IT companies are expected to witness an improvement in margins by as much as 100 basis points in their second quarter on the current fiscal year.

11 days ago

Jet Airways seeks fresh capital; Blackstone group in talks to pick up stake in loyalty programme

The employees of the debt-ridden airline have not been paid their salaries for the month of July and August.

12 days ago

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Who is Purvi Modi? Nirav Modi's money manager on Interpol list

Nirav Modi had two trusts and a few shell companies through which Purvi Modi, his sister, conducted the transactions.

12 days ago

Google agrees to comply with RBI's data storage rules

Last month Google CEO Sundar Pichai and Law & IT Minister Ravi Shankar Prasad had met in California.

12 days ago

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JNPT to rescue Air India; may buy iconic Mumbai building for Rs 2,000 crore

The national carrier has witnessed a muted response from the potential investors in the recent privatisation attempt.

13 days ago

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Business news

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

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

Walmart, Flipkart employees to get option to switch places

An outsider to replace CEO Francisco D'Souza at Cognizant?

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Online pharma players concerned over the 'overlapping' powers of states in draft policy

Samsung to open world's largest mobile experience centre in Bengaluru

Rupee depreciation may benefit the IT companies

Jet Airways seeks fresh capital; Blackstone group in talks to pick up stake in loyalty programme

Who is Purvi Modi? Nirav Modi's money manager on Interpol list

Google agrees to comply with RBI's data storage rules

JNPT to rescue Air India; may buy iconic Mumbai building for Rs 2,000 crore

Infosys faces lawsuit in US for not paying overtime

Crackdown on shell companies: Government plans to geo-tag firms

CEO Zhang to replace Jack Ma as chairman of Alibaba group