Business news

Post Merger: SBI does the impossible, unions praise management

This comes after all major unions had strongly opposed the merger of six other nationalised banks with SBI and were wary of a step-motherly treatment of the migrating staff at the hands of the SBI management.

Aug 17, 2017

Infosys shares surge as board to consider buyback on August 19

Infosys is currently sitting on liquid assets -- cash and investment -- of over Rs 39,000 crore and is under pressure to distribute it to shareholders.

Aug 17, 2017

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Domestic flights may charge higher prices if commuters baggage exceeds 15 kg

Delhi High Court on Wednesday set aside the DGCA's order to direct the airlines not to charge more than Rs 100 per kg for extra luggage between 15 kg and 20 kg.

Aug 17, 2017

Who is James Fields Jr, the Charlottesville car-ramming suspect?

James Fields Jr. was arrested in Charlottesville, VA, for allegedly driving into a crowd, striking another motorist and multiple people.

Aug 16, 2017

Modi govt blows $264 million fresh penalty on Reliance Industries, British Petroleum

The government has slapped a $264 million penalty on Reliance Industries and its partner British Petroleum on declining gas production and failure to achieve the target.

Aug 16, 2017

CEOs quit Donald Trump advisory council

Three CEOs have resigned from President Trumps manufacturing advisory council after Trumps response to the violence in Charlottesville.

Aug 16, 2017

ONGC to raise output and reduce cost on big data analysis

ONGC will engage data scientists from IITs and IT firms for large data analysis that will raise the company's output and reduce cost in the future.

Aug 16, 2017

Maruti Suzuki plans to sell 6 lakh used car annually by revamping True Value outlets

By 2020, India's largest carmaker plans to sell about 6 lakh used vehicles annually, which is almost the total sales of new cars in India by Tata Motors, Volkswagen and Honda put together.

Aug 15, 2017

Baba Ramdev celebrates International Yoga Day 2017 in Ahmedabad

Ramdev's Patanjali to set up factory in conflict ridden Kashmir

Speaking about terrorism in the country, especially in Kashmir, Ramdev said, "Anyone who masters the art of Yoga can never become a terrorist".

Aug 15, 2017

Cracking 'shells': Can Sebi bring Launderers Anonymous to book with sheer zeal?

SEBI and investors face uncertain tides as the market regulator weeds out shell firms in the corporate ocean.

Aug 14, 2017

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NCLT approves Reliance Communications-Aircel merger, Brookfield deal

The tribunal on Monday overruled objections of Bharti Infratel, GTL and Ericcson.

Aug 14, 2017

RIL, BP to submit revised investment plan for KG-D6 gas finds

The government had in 2012 approved a $1.529-billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of KG-D6 by 2016-17.

Aug 14, 2017

Sahara looking to net Rs 37,000 crore with Aamby Valley sale

The auction notice was published inviting potential bidders for the city's sale.

Aug 14, 2017

No layoffs, TCS to stay in Lucknow for 2 years; do we hear a sigh of relief?

Tata Consultancy Services has said that it doesn't plan to lay off employees and the firm will continue to operate its Lucknow office for another two years.

Aug 14, 2017

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017