Business news

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Shorted revenues at Rs 7,697.62 crore; Bharti Airtel, Vodafone, Aircel, Idea, Reliance Communication and Sistema Shyam Teleservices Ltd named in CAG report.

Jul 22, 2017

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

On the 12 stressed accounts chosen by the Reserve Bank of India last month under the insolvency and bankruptcy law, Vijaya Bank's total exposure is Rs 12,800 crore

Jul 22, 2017

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No change in the air: Trai rules out floor price for telecom services as of now

Consensus among telcos is that fixation of a floor price is not a workable idea.

Jul 22, 2017

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Investment dept told to prepare proposal for Air India sale

Dipam (Department of Investment and Public Asset Management) told to coordinate with Civil Aviation ministry.

Jul 22, 2017

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Malaysian company IHH Healthcare Berhad may still buy stake in Fortis: Report

A proposed fund-raising plan by IHH Healthcare subsidiary keeps hopes of buying a stake in Fortis Healthcare "alive", says BloombergQuint.

Jul 22, 2017

Adityanath to meet TCS COO; will it bring good news to Lucknow employees?

UP Chief Minister Yogi Adityanath will reportedly meet TCS' COO NG Subramaniam after August 10 and will speak to him regarding the firm's decision to shut down Lucknow operations.

Jul 22, 2017

I-T detected Rs 19,000 crore black money in ICIJ, HSBC cases: Jaitley

Income tax department's discovery follows probe into global leaks, including HSBC account holders in Switzerland

Jul 21, 2017

Reliance invests in Balaji Telefilms, Israeli startup incubator JII

JII will invest in early-stage startups in the field of big data, analytics, artificial intelligence, fintech, storage, Internet of Things, and computer vision.

Jul 21, 2017

Net adrenaline: Reliance Industries net profit jumped 10,000-fold in 40 years

Jio phone for Rs 0, Mukesh Ambani announces 1 bonus share for every 1 share held

Jul 21, 2017

Running the world: 15 firms with women CEOs make it to Fortune Global 500 2017 list

The Fortune Global 500 list for the year 2017 was released on July 20 and 15 firms with women CEOs have made it to the list proving that women can do as well as men, if not better.

Jul 21, 2017

Walmart tops Fortune Global 500 list: Which are world's 100 largest companies?

Walmart has been ranked No. 1 on the Fortune Global 500 list for 2017, which is dominated by the US, followed by China and Japan.

Jul 21, 2017

Take 30% pay cut or leave: Jet Airways' junior pilots do not have much choice

In a bid to trim cost, Jet Airways is said to have made a few changes to the pilots' contracts and it will now be mandatory for them to take 10 days of leave in a month apart from their weekly offs.

Jul 21, 2017

Flare deal: ONGC's new test of resilience

The deal pushes great downstream growth for ONGC, but will need vision and a free hand to accomplish its ends.

Jul 20, 2017

Wipro Q1 net profit dips 8 per cent quarterly to Rs 2,082 crore, flat yearly

IT services business profits decline 5.8 per cent year-on-year to Rs 2,190 crore, company announces share buyback.

Jul 20, 2017

Shah Rukh Khan, AbRam at Mannat greeting fans on Eid

ED summons Shah Rukh over forex loss: Will it affect Jab Harry Met Sejal collections?

The Enforcement Directorate (ED) has summoned actor Shah Rukh Khan, seeking his personal appearance on July 23 in connection with a case of foreign exchange law violation. Read to know more.

Jul 20, 2017