Business news

No recharge: Let down by policy engine, Tesla unlikely to pursue India plant

The government's 'Make in India' push mandates 30 per cent local sourcing, which Tesla feels will pose impediments to its India plans.

Aug 13, 2017

Indian Oil Corp writes new shale tale, fetches first consignment from US

In a first, IOC had last month sealed a deal to import 1.6 million barrels of Mars crude from the US and 400,000 barrels of Western Canadian Select oil for delivery at its Paradip refinery in Odisha.

Aug 13, 2017

No rain checks: Monsoon, restocking jewellers will perk up gold imports

Import growth could taper off in coming months as jewellers restocked earlier than usual this year, fearing higher taxes.

Aug 13, 2017

smartphone sales in q1, smartphone shipments in q1 2017, india smartphone sales, samsung smartphones, apple smartphones, huawei smartphones, indian smartphone market

Why you will pay less for phone calls soon

Airtel will have a national VoLTE presence by the end of this fiscal while Idea Cellular is also on the same path.

Aug 13, 2017

Security alarm: What made Indian Inc shell out on cyber insurance?

Earlier, the trend was different with only IT and banking companies would purchase cyber insurance, as their business in developed countries required them to comply with data protection regulations.

Aug 13, 2017

it companies, it exports from india, tech mahindra, it exports to us, h1 b visa, services exports from india, cad, fdi into india

Shortage of skilled digital talent could threaten up to 2 lakh IT jobs in a year: Economic Survey

"The job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies," the survey said.

Aug 13, 2017

Digital degree: Flipkart leads rate race, is third on world's most funded list

Bengaluru-based Flipkart's fundraising stamina leaves Airbnb and Xiaomi in the dust.

Aug 12, 2017

jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

After Vistara, Jet Airways offers sops on business, economy seats

Base fares to be cheaper, number of seats to be available for sale not specified.

Aug 12, 2017

13,000 shell companies were identified prior to SEBI ban

Of the 331 firms facing trading curbs, 162 were actively traded while 169 were suspended for various violations of the listing agreement.

Aug 12, 2017

Making Panaya report public not prudent, says Ravi Venkatesan

Says Infosys made the Panaya disclosures in the appropriate manner, and people are innocent until proven guilty.

Aug 11, 2017

DeMo, RERA and GST will be economy boosters in the long term

Increased consolidation and transparency along with launch of REITs (Real Estate Investment Trusts) will catalyse investment inflows.

Aug 11, 2017

vijay mallya, vijay mallya arrested in london, vijay mallya and subrata roy, sahara group chief subrata roy, vijay mallya loan default

Vijay Mallya ousted from directorship of United Breweries

Market regulator SEBI, had in January this year, directed United Spirits to detail steps taken to recover diverted money of Rs 1,880.8 crore from Mallya.

Aug 11, 2017

sbi bonus issue, sbi bonus history, sbi q4 results, sbi share price, state bank of india q4 results, sbi chairperson arundhati, sbi merger, sbi sensex

Bad loan eat into SBI profits, Q1 net falls 20.4% to Rs 2,005.5 cr

The bank's asset quality worsened, with gross NPAs surged by 85.21 percent to Rs 1.8 lakh crores (Rs 1.88 trillion) at the end of the June quarter from Rs 1 lakh crore (Rs 1.01 trillion) in the same quarter last year.

Aug 11, 2017

Employment picks up in July buoyed by GST

Big recruitment firms such as Monster and Randstad India saw a surge in the job market activity and expect the momentum to continue on positive impacts of GST.

Aug 11, 2017