Business news

ClearTax hopes to cash in on e-filing of income tax returns, aims for 5 million users by 2018

Over a million users availed of the facility to file their income tax returns online and the numbers could go up rapidly, says ClearTax.

Aug 24, 2016

TCS shares fall after it settles Orange County litigation for $26 million

The settlement ended a three-year litigation over the failure of TCS' US affiliate to deliver a software to the county in 2010.

Aug 24, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil prices fall on US crude stocks build; fears over China demand

Robust Chinese crude demand growth has been driven by independent refiners.

Aug 24, 2016

RBL Bank IPO oversubscribed 69 times

Private sector lender RBL Bank IPO closed on Tuesday (August 23); the bank is issuing both fresh shares and via the OFS route.

Aug 23, 2016

Infosys shares snap losing streak; analysts' meet on Wednesday crucial

Shares of Infosys gained on Tuesday after plunging to a new 52-week low on Monday over layoffs and losing RBS project.

Aug 23, 2016

Four companies confounding the Brexit doom-mongers

With all the post-vote pessimism hurting a whole range of companies in the domestically-sensitive Retail, Housebuilding and Leisure sectors, there is still value to be had even after the recent stock market rally back. Here are four companies that I think can rebound further should the UK economy hold up in the months ahead.

Aug 23, 2016

Vodafone, Idea Cellular in 'exploratory' mega merger talks: Report

Even though Idea denied such rumours, CNBC-TV18 reported the two telcos have assessed the challenges and opportunities of such a move.

Aug 23, 2016

SpiceJet shares rise on announcement of new routes, connectivity to Northeast

For the new schedule, SpiceJet will deploy its Bombardier Q400 fleet.

Aug 23, 2016

Bombay Stock Exchange BSE indian stock markets

Infosys shares hit new 52-week low; Sensex down 91 points

Amid news of 500 employees being sacked, Infosys shares hit a new 52-week low on Monday, while the BSE Sensex fell 91 points.

Aug 22, 2016

Infosys denies reports of 500 layoffs; says only underperformers asked to leave

Infosys dismissed media reports which claimed the company had sacked 500 employees, while clarifying that a few were asked to leave over "performance issues."

Aug 22, 2016

Make in India: Jivi Mobiles to invest Rs 200 crore in manufacturing plants

The initial investment of the firm is expected to be about Rs. 200 crore.

Aug 22, 2016

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PVR, Inox Leisure shares gain more than 35% in 3 months

Box office success of recent releases such as "Rustom", Kabali" and "Sultan", apart from a possible lower GST, could be the factors.

Aug 22, 2016

Flipkart ex-CEO Sachin Bansal reveals he was replaced due to performance

During a recent meeting, Bansal addressed the layoffs concerns of the employees and said he wasn't spared either.

Aug 22, 2016

Going for gold: Which Team GB athletes could get the best brand deals?

Large companies will be aiming to land the biggest stars of the Rio Olympics to be the faces of their brands, but which athletes might the businesses be chasing.

Aug 22, 2016