Business news

Yes Bank shares rise 5% on reports that Deutsche Bank India head leads CEO race

In September, the RBI decreed that Rana Kapoor cannot stay at the helm beyond January 31, and rejected subsequent appeals for revising of the decision. Kapoor's three-year term had expired on August 31.

Jan 15, 2019

Myntra CEO Ananth Narayanan quits to pursue 'external opportunities'

Myntra CEO Ananth Narayanan resigned from the fashion e-commerce company on Monday. Amar Nagaram has been chosen as his replacement and will report to Flipkart Group CEO Kalyan Krishnamurthy.

Jan 15, 2019

Sachin Bansal gets on board Ola with Rs 150 cr investment; app now valued at Rs 4,090 cr

Ola's filings with the Registrar of Companies reveals that Sachin Bansal made the investment on January 12.

Jan 15, 2019

With 1,300 jobs on offer, India remains Amazon's jobs hot spot

Amazon has almost 1,300 openings in India and in comparison, China has 467 job openings and Japan 381, followed by Australia and Singapore which have 250 and 174, vacancies respectively.

Jan 15, 2019

UPI 2.0 gets ready to push growth as digital transactions plateau

UPI transactions' value shot up by 700% last year despite a 1% drop in total digital payments

Jan 15, 2019

Traders cheer Sebi's new guidelines for equity derivatives and cash segments

Securities trade regulator Sebi to implement new uniform membership structure for equity derivatives and cash segments from April 1.

Jan 14, 2019

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Sensex falls over 150 pts ahead of key macro data release

According to analysts, this week, stock market movement will be driven by the announcement of macroeconomic data points and quarterly earnings by various companies, including bluechips RIL and Wipro.

Jan 14, 2019

Infosys raises revenue growth outlook to 9%; proposes share buyback

Infosys Q3 data beat TCS and expected to buoy market as the company seeks to repurchase Rs 8,260 crore stocks in second such programmes in two years.

Jan 12, 2019

Nissan top executive Jose Munoz resigns amid broadened Ghosn probe

In a statement, Nissan said that Munoz had "elected to resign" from the company, effective immediately. The company declined to offer details.

Jan 12, 2019

SpaceX is laying off 10% of it's workforce, Here's why

"Either of these developments, even when attempted separately, have bankrupted other organisations. This means we must part ways with some talented and hardworking members of our team.

Jan 12, 2019

NSE trading norms violation worsens with alleged role for more brokerage houses

Audits show 62 trading firms may have benefited from fraudulent use of algorithm trading by gaining unfair access to NSE servers

Jan 11, 2019

Eveready, one of India's oldest brands, up for sale; shares zoom 18%

Eveready says it has over 50 percent market share in India's batteries segment and holds 75 percent of the country's organised flashlights market.

Jan 11, 2019

Ford to cut thousands of jobs as part of restructuring plans, may shut down plants

While the automaker did not specify the number of employees that would be affected, it did reveal that the number could go up to "thousands," and would include salaried as well as hourly workers.

Jan 11, 2019

Jet Airways may return to negotiating table with Tata Group

Talks with foreign partner Etihad have remained inconclusive over cash infusion requirement after 'preliminary' contacts with the Indian conglomerate.

Jan 11, 2019

TCS Q3 results announced, profit jumps 24% YoY to Rs 8,105 crore

Tata Group's flagship company reported Rs 8,121 crore consolidated net profit for the quarter (Q3) under review, registering 24 per cent annual growth from Rs 6,545 crore in the same period a year ago.

Jan 11, 2019