Business news

RBI governor Shaktikanta Das' MA History degree opens floodgates for Twitter memes

Netizens were quick to point out Das' highest educational degree was in M.A. History, unlike his predecessors who all had Ph.Ds in Economics.

Dec 12, 2018

Walmart's Rs 2,190 crore investment in Flipkart heats up battle with rival Amazon

Capital infusion seen as first of several tranches as Walmart takes on Amazon outside its home turf.

Dec 12, 2018

Byju's raises $400 million in latest round of funding; now valued at $4 billion

Byju's is now valued behind digital payments firm Paytm (One97 Communications Pvt. Ltd), cab-hailing service Ola and budget hotel chain Oyo Rooms.

Dec 12, 2018

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Who is Shaktikanta Das? Centre appoints new RBI governor following Urjit Patel's resignation

Das is taking over from Urjit Patel who stepped down from his post on Monday amid speculations of an ongoing rift between RBI and the Central government.

Dec 11, 2018

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RBI governor Urjit Patel's resignation could trigger FII outflow: Report

In December, the FII have sold over $31.67 million worth share. It is to be noted that last year registered a net outflow of FII investment of worth $4921.45 million.

Dec 11, 2018

Record mergers and acquisitions likely in India next year

Goldman Sachs executive thinks deals in tech-driven consumer and financial services will keep the momentum going

Dec 11, 2018

Urjit Patel's tenure was haunted by Raghuram Rajan's record on institutional integrity

Chosen for his views against some of his predecessor's choices, the 24th RBI governor had weathered the shock of demonetisation.

Dec 11, 2018

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Kotak Mahindra Bank takes RBI to court over promoter holding norm; shares tank

As per the central bank requirements, promoter Uday Kotak must reduce holding in the bank to 20 percent by the end of December from 29.73 percent currently.

Dec 10, 2018

Nissan ex-chairman Carlos Ghosn formally charged in financial misconduct case

Ghosn, 64, was arrested in Tokyo on November 19 for allegedly failing to report 5 billion yen ($44 million) of his salary to the authorities.

Dec 10, 2018

Global cues, political uncertainties suppress Indian equity indices

The key indices -- the S&P BSE Sensex and NSE Nifty50 - had a gap-down opening and subsequently shed over 600 points and 190 points or more than 1.60 per cent each.

Dec 10, 2018

Sensex cracks over 550 pts; Nifty drops below 10,600

The 30-share index plummeted 551.74 points, or 1.55 per cent, to 35,121.51 in the opening session. All stocks in the index were trading in the red, the NSE Nifty slumped 172.95 points, or 1.62 per cent, to 10,520.75.

Dec 10, 2018

Italy fines Facebook 10 million euros for misleading users

The competition watchdog handed Facebook two fines totalling 10 million euros, "also for discouraging users from trying to limit how the company shares their data", Italian portal The Local reported on Saturday.

Dec 8, 2018

Google announces 'Journalism AI' project

Part of the Google News Initiative (GNI), the "Journalism AI" project will focus on research and training for newsrooms on the intersection of AI and journalism.

Dec 8, 2018

Akorn CEO to retire after drugmaker fails to salvage Fresenius merger deal

Akorn Inc said late on Friday its Chief Executive Officer would retire following the drugmaker's inability to salvage its takeover deal with Germany's Fresenius SE.

Dec 8, 2018

FinMin extends deadline for filing GST annual returns till March 31

The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September.

Dec 8, 2018

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Business news

RBI governor Shaktikanta Das' MA History degree opens floodgates for Twitter memes

Walmart's Rs 2,190 crore investment in Flipkart heats up battle with rival Amazon

Byju's raises $400 million in latest round of funding; now valued at $4 billion

Who is Shaktikanta Das? Centre appoints new RBI governor following Urjit Patel's resignation

RBI governor Urjit Patel's resignation could trigger FII outflow: Report

Record mergers and acquisitions likely in India next year

Urjit Patel's tenure was haunted by Raghuram Rajan's record on institutional integrity

Kotak Mahindra Bank takes RBI to court over promoter holding norm; shares tank

Nissan ex-chairman Carlos Ghosn formally charged in financial misconduct case

Global cues, political uncertainties suppress Indian equity indices

Sensex cracks over 550 pts; Nifty drops below 10,600

Italy fines Facebook 10 million euros for misleading users

Google announces 'Journalism AI' project

Akorn CEO to retire after drugmaker fails to salvage Fresenius merger deal

FinMin extends deadline for filing GST annual returns till March 31

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]