Business news

Ratan Tata tried to sell TCS to IBM: Cyrus Mistry

In his letter, Mistry seeks to set the record straight by responding to a statement by Tata Sons on November 10.

Nov 23, 2016

L&T Technology Services share price L&T Technology Services microsoft deal azure systems

L&T cuts 14,000 jobs between July-September; net profit up 84%

The company's net profit rose to Rs 1,434 crore during the second quarter.

Nov 23, 2016

Samsung offices raided as South Korean scandal grows

Prosecutors raided premises of Samsung Electronics and country's largest pension fund- NPS as part of their ongoing investigations into alleged influence-peddling by President's close aide.

Nov 23, 2016

Indian indices trade with marginal losses

Profit booking by traders coupled with fears of a near-term slowdown kept indices under pressure on Wednesday.

Nov 23, 2016

Lufthansa cancels 876 flights due to pilots' strike

The cancellation of Lufthansa flights is estimated to hit around 100,000 passengers.

Nov 22, 2016

Supreme Court dismisses Rs 4,800 crore tax liability on R-Com

SC rejects the SLP filed by the Income Tax department against R-Com treating the proceeds from foreign currency convertible bonds as 'unexplained cash credits'

Nov 22, 2016

Cut petrol prices sharply to boost growth: Analyst

Market participants are hopeful of some stimulus from the government amid demonetisation-induced slowdown risks to the economy.

Nov 22, 2016

BSNL JE TTA 2016 results declared: When and where to check results, cut off, interview dates online

BSNL announced the merit list and the results of the Junior Engineer Technical Assistant exam results online.

Nov 22, 2016

Financial strength of Indian banks remains 'fragile': Fitch

The rating agency also said that impact of government's demonetization move on Indian banking sector remained uncertain.

Nov 22, 2016

Gopalpur port, which was hit by two cyclones in 2013-14, has commenced normal operations in December last year.

Shapoorji Pallonji to acquire majority stake in Gopalpur port

Gopalpur port is the second private port in Odisha promoted by Orissa Stevedores Ltd (OSL) and Sara International.

Nov 22, 2016

Black Friday: Top tips on getting best deals on smartphones, laptops, tablets and games consoles

IBTimes UK financial columnist Edmund Shing gives his top tips on how to get the best deals this Black Friday.

Nov 22, 2016

Home, farm loan borrowers get 60 days extra to repay as RBI eases norms

The relaxation is applicable on dues worth up to Rs 1 crore payable between November 1 and December 31 2016, says RBI.

Nov 22, 2016

Winter session round up: Make in India gives a big push to FDI flow in last 2 years

India received $77.86 billion of FDI during October 2014 - September 2016 period, a jump of around 60 percent after the launch of 'Make in India' initiative.

Nov 22, 2016