Business news

Mother Dairy's Rs 190 crore investment in IL&FS goes bad; seeks PM's intervention

The timing of investment is questionable as financial troubles of IL&FS were in the public domain at the time of Mother Dairy's investments.

13 days ago

Will banks reduce housing, car loan interest after RBI's rate cut?

RBI expects banks to bring down interest rates on housing and car loans unlike in February when the lenders resisted advise to transfer the rate cut benefit to customers.

14 days ago

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Axis Bank terminates over 50 mid-level managers to raise 'productivity and efficiency'

Axis Bank CEO Amitabh Chaudhry has introduced a series of structural changes in India's third largest private sector bank since his takeover in January.

14 days ago

Ranbaxy Malvinder Singh Shivinder Fortis

Will send you to jail in Daiichi-Ranbaxy case: SC warns Singh brothers

The Supreme Court bench headed by Chief Justice Ranjan Gogoi stated that it will now straightaway hear the contempt petition against the Singh brothers for non-payment of the arbitral award amount to Daiichi Sankyo and send them to jail if the violation of its orders is established.

14 days ago

Dr Reddy's leads Indian charge of $130 billion Chinese pharma market; stocks rally

The company's revenue in FY18 was $100 million, with the help of its Canada-based joint venture Kunshan Rotam Reddy Pharmaceutical.

15 days ago

RBI cuts repo rates by 25 basis points to 6 percent, EMIs set to be cheaper

RBI decided to cut repo rates by 25 basis points or 0.25 per cent to 6 per cent, meeting a majority of economists' expectations.

15 days ago

BSNL to sack 54,000 employees post-Lok Sabha elections as losses pile up?

Nearly 31 per cent of the 1.7 lakh workforce at BSNL is likely to be laid off as a result of the company's cost-cutting measures.

15 days ago

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GainBitcoin scandal's Amit Bhardwaj granted bail by Supreme Court

Along with Amit, his brother Vivek Bhardwaj has also been granted bail. However, the apex court directed Amit to pay Rs 10 crore and his brother to pay Rs 1 crore.

15 days ago

Will Supreme Court order quashing RBI note on stressed loans create more Nirav Modis?

In the aftermath of the court order, banks may turn more to the 'Project Sashakt' to deal with stressed assets above Rs 500 crore.

16 days ago

RBI plans series of steps to boost economy's liquidity ahead of Lok Sabha elections

Another round of rate cut, the second tranche of dividend payment to government and a rupee-dollar swap auction are on the cards.

17 days ago

Google India chief Rajan Anandan quits, to join Sequoia India

Google India Vice-President Rajan Anandan has quit from his position on Tuesday, April 2. He will leave the company by April-end, Google said.

17 days ago

All you wanted to know about the pension scheme for private sector employees

Supreme Court's order dismissing an EPFO challenge of a High Court order removing pension ceiling paves the way for retiring private sector employees to receive the full pension.

17 days ago

Prank for a cause; Ola banks on April 1 phenomenon to crowdfund toilets for 20,000 people

Launched under Ola's 'My Ride. My Cause' programme, users will be able to contribute Rs 1 per ride from April 2 until October 2, 2019.

17 days ago

India's fraud investigator arrests ex-chairman of debt-laden IL&FS

India's Serious Fraud Investigation Office (SFIO) has arrested the former chairman of debt-laden Infrastructure Leasing and Financial Services (IL&FS) in connection with an ongoing investigation into the lender, a government official said on Monday.

17 days ago

Airbnb checks into Oyo rooms, invests $150-200 million

Last year, the unicorn start-up had managed to raise more than $1 billion from investors.

17 days ago

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