Business news

Japan's Softbank invests Rs 100 crore in Housing.com

The online housing portal was facing a fund crunch that forced it to layoff hundreds of employees to trim costs.

Jan 21, 2016

GoAir opposes dismantling of 5/20 rule that would benefit 'new' airlines

If the 5/20 rule is dismantled, new airlines such as Vistara and AirAsia India will benefit.

Jan 21, 2016

Design in India makes better business sense: Bangalore-based businessman

It's better we supply raw materials and designs for products and manufacture them in local markets in east Asian countries.

Jan 21, 2016

VC firms grow cautious over Indian start-ups

Investors seem to be taking increased scrutiny of their business models.

Jan 21, 2016

Ratan Tata invests in baby care products retailer FirstCry

It marks his fourth investment in Indian start-ups this year.

Jan 21, 2016

RBI asks banks to stop circulating faulty Rs 1,000 notes

According to an RBI spokesperson, the total number of faulty notes is not more than 500.

Jan 21, 2016

IDFC Bank in talks to buy RBS' corporate banking business for Rs 3,000 crore: Report

Currently, the bank has assets worth Rs 10,500 crore in 10 branches and savings deposits of Rs 2,000 crore.

Jan 21, 2016

Paytm in talks with ICICI Group for payments bank services: Report

Paytm is also in talks with SBI Mutual Fund and IIFL for its banking services.

Jan 21, 2016

Barclays to close Asia cash equities; exit South Korea, Taiwan: Sources

The London-based lender will close its equity research, sales and trading and convertible bond trading businesses in Asia.

Jan 21, 2016

Stock markets give up early gains; Tata Motors, Maruti Suzuki, ONGC pull Sensex, Nifty down

The Sensex and Nifty were in the red at around 12.30 pm, after having risen in the morning.

Jan 21, 2016

Gold, silver prices up on safe-haven demand

Gold prices hit an over two-month high of Rs 26,690 per 10 grams as jittery investors rushed to buy the yellow metal following sharp sell-off in global markets.

Jan 20, 2016

Indian smartphone market to see 37% growth in 2016

This growth in smartphones is likely to be fuelled by 4G expansion and its reach to smaller cities.

Jan 20, 2016

Smaller companies surpassed their larger counterparts in CSR spend last fiscal: Crisil

Over 90% of the companies had opted to spend on CSR despite a 50% tax break on donations to the Prime Minister's Relief Fund.

Jan 20, 2016

Cognizant's new business in 2015 likely to exceed combined incremental revenues of Infosys, TCS, Wipro

The gap between Cognizant and India IT firms in acquiring new business is expected to widen going forward.

Jan 20, 2016

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