Business news

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Zomato turnaround: Nomura values Zomato at $1.4 billion

Nomura's view came at a time when the food startup is in advanced discussions with an Alibaba affiliate to raise funds.

Sep 16, 2017

GST: Rs 65,000 crore credit, CBEC to scrutiny claims value over 1 crore

CBEC has directed tax officials to verify GST transitional credit claims of 162 entities, whose claim valuation is over Rs 1 crore.

Sep 15, 2017

Pain pills and brand fever: Draft pharma policy comes with few blockbusters

Strict audits of manufacturing plants will deter impostors, but doctors and third party manufacturers stand to lose out

Sep 15, 2017

Crypto crash: Bitcoin nosedives 50% in India in just 13 days

Bitcoin and newer rivals like Ethereum and Litecoin have in recent times been fighting a losing battle against regulators.

Sep 15, 2017

How state-owned BHEL will benefit from bullet train project

The project will be a joint venture between India's state-run manufacturer and Japan's Kawasaki Heavy Industries (KHI), together they will produce the rolling stock for the bullet train project.

Sep 15, 2017

Amazon likely to set up more warehouses in India to meet surging demand

The company has commissioned 12 dedicated centres across nine states to cater to the demand for bulky products such as air-conditioners, televisions and refrigerators among others.

Sep 15, 2017

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Tata Sons plans to become private limited; Mistrys look to scuttle move

Shapoorji Pallonji family's holding companies already objected Tata Sons' attempt to convert to a private limited company from a public limited one, saying it amounts to oppression of minority shareholders.

Sep 15, 2017

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Divestment: Air India plans road shows; looking for international buyers?

The government is aware of the possibilities of international players showing interest in the airline. They may amend rules, which at present bar international companies from bidding.

Sep 15, 2017

Infosys Foundation to spend over Rs 5 crore to solve Visakhapatnam water crisis

That money will be used to promote good sanitation practices and create efficient water management systems in all target villages.

Sep 15, 2017

After US, now UK, Australia and Canada likely to curb visas for Indian techies

A Nasscom study has brought out that there is no match between the commitments given and the visa issued.

Sep 15, 2017

Bleak days for black: PAN, company audit reports enter govt's watchlist

Ministry of Corporate Affairs and CBDT to share data for carrying out scrutiny, inspection, investigation and prosecution.

Sep 14, 2017

IndiGo to bring in business class seats on long-haul flights

30 percent lower fares on business class, planned offers include unbundled products like meals, priority boarding, and check-in and seat selection for economy passengers.

Sep 14, 2017

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Wipro will push McLaren's sports car business through artificial intelligence

The deal will help the car maker boost digitisation across its businesses and also help Wipro to expand its artificial intelligence business.

Sep 14, 2017

Karnataka's ambitious push for green fuel: IT capital aims at becoming EV capital of India

Karnataka government has come up with a policy aiming at establishing EV manufacturing zones and facilities for testing that can be used even by start-ups.

Sep 14, 2017

Made in India phones set to cross 50 crore by 2020, may give China a run for its money

If Indian phone makers are able to meet the growth expectations in the coming years, this might give a sturdy competition to the Chinese phone sellers.

Sep 14, 2017