Business news

Reliance Jio surges ahead of Vodafone, becomes India's second-largest telco by revenue

Financial data released by the Telecom Regulatory Authority of India (TRAI) showed that Mukesh Ambani-controlled Jio's RMS widened 253 basis points (bps) on-quarter to 22.4 percent at the end of June.

Aug 27, 2018

Who is Prasidha Menon? OYO Hotels appoints its new Head of Communications

Menon with over an experience of 13 years, will be working on driving the reputation of OYO by managing communication and building the brand name.

Aug 27, 2018

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Warren Buffett to invest in Paytm - his first investment in an Indian company

If the deal goes through, it will be Buffet's first direct investment in India and also his first investment in a privately-held tech company anywhere in the world.

Aug 27, 2018

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Only 5 companies driving stock market; should investors worry?

TCS, which is the first Indian tech company to hit the $100 billion mark, has contributed 35 per cent of the rise in the NSE this year.

Aug 26, 2018

Elon Musk cancels plans to take Tesla private; plan cancelled after board meeting

This decision comes after Musk had tweeted that he wanted to take the company private.

Aug 25, 2018

Infosys hires 4,700 American employees after opening innovation hub in North Carolina

The hub will train, upskill and reskill Infosys and client employees, in the technologies required to help American businesses accelerate their digital transformations.

Aug 23, 2018

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Indian equity markets open high despite quiet Asian market

The markets remained closed on Wednesday on account of Eid-al-Adha celebrations.

Aug 23, 2018

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Indian Oil Corporation to invest Rs 37,000 cr in Tamil Nadu

Indian Oil Corporation will invest Rs 7,112 crore and the IOC group along with Chennai Petroleum Corporation will be investing Rs 37,112 crore in Tamil Nadu

Aug 22, 2018

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

Money deposited in bank accounts in Luxembourg have come down to $11 million in 2017 from $29 million in 2013. In Jersey, the deposits decreased by 17.6 per cent from $261 million in 2013 to $215 million in 2017.

Aug 22, 2018

India's small to mid-sized renewable energy firms fighting consolidation wave

Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector.

Aug 22, 2018

Lehman Brothers invite ire for party to mark 10th anniversary of global market meltdown

Lehman Brothers, a former financial services firm, has sent an email invitation to the party and addressed it to "Lehman Brothers & Sisters." The reception, complete with cocktails and canapes, is reportedly set to be held in London on September 15. The firm has also planned a reunion in New York and Hong Kong.

Aug 21, 2018

Asset-backed cryptocurrency investment: The inside story

"You have to think of the Blockchain as a new utility. As in, it is a new utility network for moving value and for moving assets" - William Mougayar, author.

Aug 20, 2018

Infosys CFO Ranganath resigns, deputy to step in

Ranganath served as the CFO of Infosys for 18 years

Aug 18, 2018

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Air India pilots threaten to go on strike if flying allowance not paid immediately

The Indian Commercial Pilots' Association said that "the pilots will report to the office for any office duty of their expertise other than flying duties." The pilots are being paid only their basic salary and flying allowance comprises 70 percent of their pay.

Aug 18, 2018

Spiritual guru behind downfall of Fortis' Singh brothers?

Heirs to a business house which was worth billions not that long ago, there has been a dramatic fall in the fortunes of Malvinder and Shivinder Singh in the last six months.

Aug 17, 2018

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Business news

Reliance Jio surges ahead of Vodafone, becomes India's second-largest telco by revenue

Who is Prasidha Menon? OYO Hotels appoints its new Head of Communications

Warren Buffett to invest in Paytm - his first investment in an Indian company

Only 5 companies driving stock market; should investors worry?

Elon Musk cancels plans to take Tesla private; plan cancelled after board meeting

Infosys hires 4,700 American employees after opening innovation hub in North Carolina

Indian equity markets open high despite quiet Asian market

Indian Oil Corporation to invest Rs 37,000 cr in Tamil Nadu

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

India's small to mid-sized renewable energy firms fighting consolidation wave

Lehman Brothers invite ire for party to mark 10th anniversary of global market meltdown

Asset-backed cryptocurrency investment: The inside story

Infosys CFO Ranganath resigns, deputy to step in

Air India pilots threaten to go on strike if flying allowance not paid immediately

Spiritual guru behind downfall of Fortis' Singh brothers?

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]