Business news

Supreme Court orders Jaypee to pay Rs 50 lakh to homebuyers

The realty firm had launched the Kalypso Court project in 2007, which planned to set up about 16 towers by 2011. But the works are still pending in most of the towers.

Sep 14, 2017

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Ericsson India files insolvency case against Reliance Communications

Reliance Communications said that it plans to challenge the insolvency petitions.

Sep 14, 2017

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Air India wants Rs 3,250 crore loan for short-term relief to cash deficit

The tenure of the loan will be one year and the amount proposed will be drawn in two or three tranches.

Sep 14, 2017

Bharat Petroleum to spend Rs 45,000 crore in 5 years to boost petrochemical business

BPCL is already in advanced talks with the Bangladesh government to set up a product pipeline to the country.

Sep 13, 2017

Here are 4 Aadhaar-linking deadlines you need mark on the calendar

The government has made it mandatory to verify Aadhaar with know-your-customer (KYC). According to the new rules, one must submit Aadhaar and PAN details to be KYC-compliant.

Sep 13, 2017

Brian Acton, co-founder of WhatsApp (L) and Jan Koum, co-founder and CEO of WhatsApp

WhatsApp co-founder Brian Acton to leave company

Brian Acton will leave the messaging service company to start a new foundation.

Sep 13, 2017

Loss-making BSNL gets Cabinet nod to separate mobile tower business

Currently BSNL has more than 66,000 mobile towers across India, which roughly constitutes 15 percent of the total mobile towers in India.

Sep 13, 2017

Airtel to deliver 5G speed network soon, ties up with SK Telecom

The two telecom firms will work together to enhance the standards for 5G and advanced technologies.

Sep 13, 2017

Modi govt clears bill to double gratuity ceiling to Rs 20 lakh

With the amendment of the bill, the maximum limit of gratuity of employees of the private sector, public undertakings and autonomous organisations are now at par with the central government employees.

Sep 13, 2017

Infosys to set up innovation hub in North Carolina, hire 2,000 Americans

Infosys plans to hire the first 500 workers at Raleigh innovation hub within two years, with the remainder to be hired in North Carolina by 2021.

Sep 13, 2017

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Hell goes into 'shell': Over 100,000 directors of bogus firms to be booted out for 5 years

26 CAs associated in sustaining these shell companies have been identified

Sep 12, 2017

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SBI Life to launch India's first billion dollar IPO in seven years

SBI Life's IPO is the biggest since state-run Coal India's 155 billion rupee ($2.4 billion) IPO in 2010

Sep 12, 2017

HDFC Bank second most valued company in India, overtakes TCS

At a time when most private and public sector banks are not showing much interest in growing their corporate lending, primarily due to capital constraints, HDFC Bank is aiming to expand its wholesale loan book through refinancing.

Sep 12, 2017