Business news

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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

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Reliance Industries, BP to invest Rs 40,000 crore in Indian offshore gasfields

Reliance Industries chairman Mukesh Ambani said that during a press conference with BP Plc's chief executive Bob Dudley on Thursday.

Jun 15, 2017

Crorepati glut: Infosys grapples with high staff pay

Infosys is reportedly offering an annual package of over Rs 1 crore to its employees abroad and the financial burden on the IT giant is now likely to amplify.

Jun 15, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

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Intel to invest Rs. 1,100 crore in India

The investment will be for a new Research and Development (R&D) centre in Bengaluru.

Jun 14, 2017

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Azure Power commissions 100 MW NTPC solar power plant in Andhra Pradesh

Azure Power will supply power to NTPC for 25 years at a tariff of Rs. 5.12 per kWh.

Jun 14, 2017

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Mukesh Ambani's brother Anil Ambani won't take salary from Reliance Communications

Reliance Communications,headed by Anil Ambani, is bleeding, thanks to competition by brother Mukesh Ambani's Reliance Jio and others; so Anil won't take salary.

Jun 14, 2017

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BookMyShow introduces in-app chat feature 'Plan it'

BookMyShowPlan it allows friends and families to interact with each other in real time, suggest movies, show times and engage in other activities.

Jun 14, 2017

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Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

Though the RBI did not name the 12 defaulters, there is speculation that Essar Steel, Bhushan Steel and Lanco are top NPA accounts.

Jun 14, 2017

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ICICI Prudential Life, South Indian Bank, PNB Housing hit fresh 52-week highs

Select stocks are buzzing on the BSE, scaling new 52-week highs on Wednesday; these include ICICI Prudential Life, Bombay Burmah, PNB Housing Finance.

Jun 14, 2017

Uber director David Bonderman resigns after 'inappropriate' comment on women

Bonderman resigned on June 13, after he attempted a joke on women during a company meeting. His resignation comes into effect Wednesday, June 14.

Jun 14, 2017

French ambassador to India inaugurates Michelin's R&D Centre in Haryana

The 3,800-square-metre laboratory at Manesar will provide support to the Michelin Technology Center in Gurugram.

Jun 13, 2017

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Business news

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

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

India closing the gap with Japan in steel production

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

Reliance Industries, BP to invest Rs 40,000 crore in Indian offshore gasfields

Crorepati glut: Infosys grapples with high staff pay

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Intel to invest Rs. 1,100 crore in India

Azure Power commissions 100 MW NTPC solar power plant in Andhra Pradesh

Mukesh Ambani's brother Anil Ambani won't take salary from Reliance Communications

BookMyShow introduces in-app chat feature 'Plan it'

Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

ICICI Prudential Life, South Indian Bank, PNB Housing hit fresh 52-week highs

Uber director David Bonderman resigns after 'inappropriate' comment on women

French ambassador to India inaugurates Michelin's R&D Centre in Haryana

Delhi HC imposes Rs 25 lakh cost on website for "Sholay" infringement

Jodie Foster to star in her first major television role in 'True Detective 4'

Former Formula 1 CEO Bernie Ecclestone held in Brazil for illegally carrying gun on plane