Business news

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Conditions apply! Bank bosses tells government on PSBs mergers

Union Finance Minister Arun Jaitley said an alternative mechanism will be in place which is going to facilitate fast-track approvals of consolidations.

Sep 5, 2017

Maruti Suzuki India will go full throttle on electric: R C Bhargava

Bhargava said the company will come with electric vehicles after determining customer preference.

Sep 5, 2017

What is Daca and who are the dreamers?

US President Donald Trump is expected to scrap a program that gives work permits to people who came to America illegally as children. The Obama administration policy protects nearly 800,000 young men and women, often called Dreamers, from deportation and allows them to work legally.

Sep 5, 2017

Revenue view: OYO Rooms to tap empty flats, create mini hotel rooms

Unlike OYO-owned hotel rooms, the flat rooms will have no caretakers. But there will be a person who will help guests with the check-in process.

Sep 5, 2017

Patanjali out of foam, told to stop airing ad trashing Lux, Pears, Lifebuoy

Bombay High Court directed the Baba Ramdev-run firm to not air the advertisement which skewers soap brands like Lux, Pears, Lifebuoy and Dove.

Sep 5, 2017

Zomato in advanced talks with Alibaba's Ant Financial to raise $200 million

If the deal fructifies Zomato's valuation might also exceed $1 billion.

Sep 5, 2017

Over 2 lakh company directors cannot hold board position in new ventures

This number is expected to surge in the coming months and the crackdown against these directors will commence in a few days.

Sep 5, 2017

Novartis puts Indian doctor from Harvard in charge as CEO Jiminez leaves

Narasimhan will be the youngest among a group of new chieftains helming global pharmaceutical companies.

Sep 4, 2017

Insolvency proceedings: Supreme Court stays NCLT order against Jaypee Infra

As of March 31, 2017, consolidated debt of the company stood at Rs 7,922 crore with a negative interest coverage ratio, which indicates that the company is not earning enough to repay its debt.

Sep 4, 2017

State Bank of India to tap $3 billion via green bonds

Roadshows for the bond issue will likely begin in the next few weeks and cover global financial centres such as London.

Sep 4, 2017

Pharma strategy: GlaxoSmithKline sets up first team for acquisitions in 93 years

Eyes inorganic growth as rising price controls over branded generics has dented profitability

Sep 4, 2017

What's brewing? Zero alcohol beer from UB!

He further said the company is presently in an early stage of development and plans to roll out the product by early next year.

Sep 4, 2017

GoAir CEO's contract may not be renewed, aviation veteran will quit next year

Former Jet Airways CEO Wolfgang Prock-Schauer's exit comes when the airline is on the cusp of launching its international operations.

Sep 4, 2017

FMCG firms to spend more on promotion: Festive season boost or Patanjali effect?

FMCG companies are planning to spend 15-20 percent more on promotion of their goods in the September-December period. Read to know what fuelled this decision.

Sep 4, 2017