Business news

Apple faces â‚¬13bn tax penalty for receiving illegal state aid in Ireland

The European Commission alleges that that the US tech giant Apple received illegal state aid from Ireland. It now faces the largest tax penalty ever to be paid in Europe, â‚¬13bn (Â£11.1bn). The commission have claimed that the Irish government provided a deal to Apple in return for job creation in Ireland, which was unfair as it allowed Apple to pay less tax than rival firms.

Aug 30, 2016

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RBL Bank IPO: Issue price fixed; listing of shares on Wednesday

Kolhapur-based RBL Bank saw its initial public offering (IPO) oversubscribed 69 times.

Aug 30, 2016

Most Instagrammed airports in the world: Check out the 8 most popular airports on Instagram [PHOTOS]

A leading travel search site in the Asia Pacific and the Middle East has compiled the most tagged airports by travellers on Instagram.

Aug 30, 2016

Laurus Labs IPO: Things to know about the Hyderabad-based company

The 11-year-old Laurus Labs pharma firm makes medicines for Hepatitis C and other diseases.

Aug 30, 2016

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Gold Bonds: RBI to make fifth issue of sovereign bonds from Sept. 1

The sovereign gold bonds scheme was launched in November 2015 by PM Modi; the fifth tranche opens next month.

Aug 30, 2016

Online home decor firm Livspace raises Rs. 100 crore in third round of funding

The funds will be utilised towards expanding the company's operational footprint across metro cities.

Aug 30, 2016

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Sensex hits new 52-week high tracking Asian, European stock markets

The 440-point BSE Sensex rally was led by Asian Paints, Maruti Suzuki, GAIL (India) and HDFC Bank.

Aug 30, 2016

Oil prices rise as dollar comes off two-week high

A weaker dollar makes oil purchases cheaper for buyers using other currencies, potentially spurring demand.

Aug 30, 2016

EpiPen maker Mylan says will release cheaper generic version of drug to be priced at $300 in several weeks

EpiPen's that were priced at around $100 in 2008 were hiked to $600 after the company's recent announcement.

Aug 29, 2016

Angel Broking launches wealth management tool for retail investors

ARQ uses algorithms, Quant and Modern Portfolio theory to enable personalised investment advice.

Aug 29, 2016

Snapdeal to change logo, tagline ahead of Diwali sales

Snapdeal will revamp its brand ahead of the Diwali season this year with a new logo, tagline and colour theme.

Aug 29, 2016

Small savings interest rates: Will government leave PPF, senior citizen scheme, RD untouched next month?

The quarterly revision of interest rates on small savings instruments like PPF, KVP, NSC and other post office schemes is due in September.

Aug 29, 2016

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GMR Infra shares soar 9% over Goa project win

On Saturday, the company said that its subsidiary GMR Airports had bagged a project to construct a Greenfield airport in North Goa.

Aug 29, 2016

DSP Blackrock, Axis, Franklin Templeton equity fund managers best among top 10

Vinit Sambre of DSP Blackrock MF is the best fund manager, followed by Axis MF and Franklin Templeton managers, according to an analysis.

Aug 29, 2016

Infosys to split business into smaller units, says CEO Vishal Sikka

Infosys CEO Vishal Sikka announced the company's plan to decentralise its business at the analyst meet on Friday.

Aug 29, 2016

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