Business news

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Panel to recommend a RBI chief; Govt to apply discretion

The appointment of the Reserve Bank of India governor will follow a panel's recommendation, though government can apply its discretion.

Jun 11, 2016

Gawker Media files for bankruptcy after Hulk Hogan sex tape lawsuit

Ziff Davis has expressed an interest in Gawker Media after it recently filed for bankruptcy in the wake of the Hulk Hogan lawsuit

Jun 11, 2016

Gawker Media files for bankruptcy, to go up for sale

Gawker Media LLC put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by Hulk Hogan over a sex tape.

Jun 11, 2016

IKEA to buy more local cotton, expand stores in India

The company said purchase of cotton for its textile requirements is poised to grow in India in the coming years.

Jun 10, 2016

Euro 2016: England vs Russia preview

Everything you need to know about the Euro 2016 match between England and Russia.

Jun 10, 2016

Hindalco shares rise 3% on bullish prospects for aluminium companies

Aditya Birla Group company Hindalco is the largest producer of aluminium in India and also has interests in copper.

Jun 10, 2016

AT&T seeks to top Verizon as Yahoo reviews new bids: Sources

Yahoo will assemble in the coming days a new shortlist of bidders from which it will solicit binding offers.

Jun 10, 2016

IKEA plans to set up manufacturing plant in India

The Swedish furniture giant hopes to tap the middle class consumer market in India.

Jun 9, 2016

Tamil Nadu allows IT employees to form trade unions

The state government also stated that the IT industry is subject to inspection from the labour department like all other industries.

Jun 9, 2016

Ecommerce in Africa and Asia: How startups can benefit from tomorrows emerging markets.

Infibeam's Sachin Dalal to steer Rakuten India's e-commerce operations

Infibeam and Rakuten have joined hands to enter the Indian e-commerce market â€” already dominated by Amazon, Flipkart and Snapdeal â€” in 2017.

Jun 9, 2016

motherson sumi systems fund raising $300 million debt repayment

Motherson Sumi Systems to raise $300 million to repay debt, shares down 1%

In a regulatory filing to the BSE, Motherson Sumi Systems said the debt would also be used for capex.

Jun 9, 2016

Sky Network deal could see Vodafone exit New Zealand

The merger deal might result in Vodafone exiting its New Zealand operations.

Jun 9, 2016

After Apple, LeEco seeks waiver from 30% local sourcing norm

LeEco has applied to the Foreign Investment Promotion Board for permission to set up single-brand retail shops in India.

Jun 9, 2016

Infosys shares fall 4% on COO Pravin Rao's warning of 'quarterly bumps up and down'

Pravin Rao made the comment at an investor conference hosted by Citi on Wednesday, leading to a fall in Infosys share price on Thursday.

Jun 9, 2016

Morgan Stanley pays $1 million SEC fine over stolen customer data

According to the SEC, Morgan Stanley violated a federal regulation known as the Safeguards Rule by failing to properly protect customer data

Jun 9, 2016

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