Business news

Vijay Mallya's exit uncorks new salary highs at United Spirits

USL has more crorepati employees than Infosys and most FMCG biggies

Aug 7, 2017

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How Reliance is making use of startups to expand business

GenNext Hub runs two programmes — Scalerator for product-market fit for startups looking to scale up and Accelerator for concept-stage or product-ready startups looking for a market.

Aug 7, 2017

Samsung chief Jay Y Lee arrives in court for closing arguments in bribery trial

Samsung Electronics Vice Chairman Jay Y Lee arrived at Seoul District Court on 7 August for closing arguments in his bribery trial. Lee, 49, has been in detention since February, and on trial for charges including bribery and embezzlement as part of a scandal that led to Parks ouster. Lee has denied wrongdoing.

Aug 7, 2017

Bad loans meet: Lenders to discuss future of defaulters identified by RBI

Most of the debt is unsustainable and so high that these companies won't be able to repay it in next 25-30 years.

Aug 7, 2017

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Air ticket deals: Raining monsoon offers boost tourism in India

Big discounts and offers from airlines on travel portals have increased bookings. Hotel bookings on Yatra.com have surged more than 300 percent.

Aug 7, 2017

12 state-owned banks eyeing funds from markets

The remaining would raise funds through follow-on-public offer (FPO) or qualified institutional placement (QIP) from the market during course of the next fiscal.

Aug 6, 2017

Hard cash: Tata Steel MD takes home Rs 8.17 crore in fiscal 2017

Average percentage increase of salaries at Tata Steel, excluding top managerial cadre, was 6.60 per cent in 2016-17.

Aug 6, 2017

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GST Council: E-way bill provisions finalised, relief for textile works, tractor parts

The council also approved setting up anti-profiteering committees in all states and the Centre in the next 15 days to ensure that industries pass on the benefits of input tax credit to customers.

Aug 6, 2017

Cognizant's VRS scheme finds 400 takers, including Indian execs

The company did not disclose the number of Indian executives who accepted its separation offer.

Aug 6, 2017

Canara Bank pumps in Rs 2,600 crore in overseas bond market

The Bengaluru-based bank has hit the forex debt market after a long gap. Foreign rating agency Moody's has assigned a 'Baa3' rating to the issue.

Aug 6, 2017

Syndicate Bank posts June quarter net loss of Rs 263 crore

Total income during the first quarter of 2017-18 also fell to Rs 6,171.49 crore

Aug 5, 2017

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Indian Oil to pump $2.4 bn to expand Gujarat refinery

Indian Oil Corp will pool in $2.4 bn to expand the Gujarat refinery that will produce 360,000 barrels per day (bdp) oil by 2021.

Aug 5, 2017

Smart moves: Flipkart to sell refurbished smartphones soon

The company has initiated discussions with distributors for its offline tie-ups

Aug 5, 2017

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Weak domestic demand, global cues pull gold prices down

On Saturday, gold and silver prices drifted lower in Delhi bullion market.

Aug 5, 2017

Arun Jaitley promises guidance notes on GST

Touted to be one of India's most ambitious economic reforms in 70 years, GST is said to eventually boost tax receipts and provide simplicity for businesses.

Aug 5, 2017