Business news

LGBT men from Chechnya arrested and tortured because of their sexuality

Two men from Chechnya said they were detained by police and subjected to torture and beatings because they were homosexual, which is considered a crime by some in their deeply conservative region of Russia.

Jun 17, 2017

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Taxing with parity: India all set for GST, says top Finance Ministry official

GST will require firms to file at least three online tax returns monthly into the GST Network, which will process up to 5 billion invoices a month.

Jun 17, 2017

After decades of accusations, Bill Cosby awaits verdict in sexual assault case

After decades of accusations, dozens of alleged sex crime victims await Bill Cosbys verdict in the sexual assault case Constand v. Cosby.

Jun 17, 2017

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CDSL IPO: Shares likely to list at a premium, say brokerages; all you need to know

Central Depository Services (India) Limited, or CSDL, is coming out with an initial public offering (IPO); issue opens on June 19 and closes on 21.

Jun 17, 2017

Champions Trophy 2017 final: TV ad rates rocket ahead of India-Pakistan clash

A 30-second spot during the India-Pakistan final match on Sunday to be broadcast by Star Sports is expected to cost nearly Rs 1 crore, far higher than the Rs 10 lakh that advertisers pay on average for most Indian shows.

Jun 17, 2017

Thank haven! Swiss bank vaults may crack under Modi govt heat

Switzerland and India agree to share financial information on Indian bank accounts on automatic basis from September 2019.

Jun 16, 2017

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Cab-hailing companies Careem, Grab, Lyft, Ola rock even as bad news hits Uber

Careem gets funding from Saudi billionaire Prince Alwaleed and Daimler, Alibaba's Jack Ma eyes stake in Grab, Ola raises $50 million and Uber continues to embarass.

Jun 16, 2017

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Oppo has a weak financial risk profile: India Ratings

Oppo's India business has accumulated losses of Rs 330 till March 2017 while revenues stood at Rs 7,940 crore for 2016-17.

Jun 16, 2017

Tata sells 43% in engineering services division Tata Technologies for $360 mn

The proceeds from the deal, which is Warburg's biggest in India yet, will likely help Tata Motors cut total debt that stood at Rs 79,320 crore at the end of March and monetise non-core assets.

Jun 16, 2017

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What economic slowdown? HCL Technologies to hire 2,000 employees at Nagpur Campus

The new centre in Nagpur is likely to throw its doors open around January 2018 and of the 2,000 new recruits half are said to be at a senior level and half of them will be freshers.

Jun 16, 2017

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India's gold imports more than double in five months; May trade deficit rises to $13.84 billion

Gold imports rose 131.7 percent to $18.49 billion between January and May this year as against $7.98 billion, YoY.

Jun 16, 2017

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Infosys' Sandeep Dadlani resigns, Karmesh Vaswani and Nitesh Banga to replace him

After Sandeep Dadlani's resignation to pursue other interests, Infosys has announced the appointment of Karmesh Vaswani as Global Head of retail and Nitesh Banga as the global head of manufacturing.

Jun 16, 2017

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Cab wars: Ola, Uber head down the long, bumpy road

App-based aggregators Ola and Uber have only themselves to blame for the current mess roiling the industry

Jun 15, 2017

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India closing the gap with Japan in steel production

Japan's production was 35 million tonnes while India produced 33.2 million tonnes, according to statistics published by World Steel Association.

Jun 15, 2017

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Interglobe Aviation, Jet Airways, SpiceJet gain ahead of May domestic traffic data

Indigo-owner Interglobe Aviation closed 2.47 percent higher while SpiceJet and Jet ended flat; domestic air traffic for May is due soon, Air India's privatisation talks buzz.

Jun 15, 2017