Business news

SEBI files contempt petition in SC against Sahara and Subrata Roy for disrupting Aamby Valley auction process

The Apex Court of India has ordered to put Sahara Group's Rs 37,000-crore luxury township Aamby Valley up for auction, calling it "an abuser of process of law."

Oct 10, 2017

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Convicted firms cannot participate in PSU privatisation, says Centre

With the new guidelines, the government has decided to put emphasis on additional criteria for qualification or disqualification of parties seeking to acquire stakes in Central Public Sector Enterprises (CPSEs).

Oct 9, 2017

Tata Group eyes buying debt-ridden Air India

Chandrasekaran said the company needs more details from the government on the process in order to finalise its position on the deal.

Oct 9, 2017

Arundhati Bhattacharaya, SBI chairman, SBI, SBI merger

I regret not seeing end of NPA story: Former SBI chief Arundhati Bhattacharya

Bhattacharya haven't zeroed in on what she will consider post retirement, but she said wanted to pursue a PhD.

Oct 9, 2017

Tata Teleservices to shut shop; what will happen to its 5,000 employees?

The company is apparently working on an exit plan for its employees and they may get three to six months notice period.

Oct 9, 2017

Diwali Dhamaka for exporters: No tax for six months, GST refunds in two months

For six months, we are actually reverting back to the pre-GST scenario, said the Revenue secretary

Oct 8, 2017

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Is this a good time to invest in gold?

The ongoing geopolitical tension between the United States and North Korea and on the domestic front the rise of inflation made gold investment a safe bet.

Oct 8, 2017

STOP ADANI: Protests held across Australia to stop Carmichael coal mine project

Protestors at large are forming human signs that said "STOP ADANI" at various prominent locations across the country, and numbers of protestors are growing with each passing day.

Oct 8, 2017

Elon Musk wants to save Puerto Rico with solar power

Much of Puerto Rico is still without power after The island was devastated by Hurricane Maria in September. But Tesla CEO Elon Musk says he can rebuild Puerto Ricos power grid with solar power.

Oct 7, 2017

Latest! Aadhaar made mandatory for PPF, post office deposits, Kisan Vikas Patra

In the notifications the government has mandated that existing depositors will be given time till December 31, 2017 to verify accounts with 12-digit unique verification number.

Oct 6, 2017

Telecom sector is the new IT industry? 100,000 jobs may face the axe

As per estimates, about 25,000 telecom employees have been affected by the slowdown in the past few months and thousands of others may soon be shown the doors.

Oct 6, 2017

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RCom in tight spot as tower operators cut services citing pending dues

Reliance Communications owes GTL and its unit CNIL about Rs 95 crore and Rs 20 crore to Rs 25 crore each to ATC and Bharti Infratel.

Oct 6, 2017

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Post-demonetisation: Govt receives 'vital info' on transactions of 2 lakh suspicious companies

The data provided by 13 banks reveals suspicious transactions carried out by 2,09,032 companies, which were blacklisted by the Registrar of Companies earlier this year.

Oct 6, 2017

SBI to prepare 3-year roadmap to address NPA; reviving credit growth top priority: Rajnish Kumar

SBI will soon prepare a roadmap for the next three years to tackle issues like asset quality, credit growth, digitisation and human resources management.

Oct 6, 2017

Sebi panel recommends separating chairman, MD roles at listed firms

The panel suggested a minimum remuneration of Rs 5 lakh per annum for independent directors and a sitting fee of Rs 20,000-50,000 for each board meeting.

Oct 5, 2017