Business news

Maruti Suzuki Q1 profit rises 4.4%; misses analyst estimates

But the car maker missed estimates, as rise in commodity prices and the GST impact ate into its earnings pie.

Jul 27, 2017

air india, cbi registers case against ai ia merger, cbi to probe purchase of 111 aircraft, upa scams, modi govt, fm arun jaitley, merger of air india and indian airlines

Selloff looms ahead, and Air India tags on more wings

Three Boeing 777-300 ER and as many 787-8 planes to join fleet by March 2018

Jul 27, 2017

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

After high-level exits at Infosys, hard focus on Vishal Sikka's longevity

Infosys has witnessed a number of high-level exits in the last few months and the firm's co-chairman Ravi Venkatesan hopes that CEO Vishal Sikka turns things around and stays on at the company.

Jul 27, 2017

parliament, monsoon session, lok sabha, rajya sabha, gst, cattle, bjp, congress, pm modi, arun jaitley

Labour Law: Union Cabinet approves minimum wage code bill

The bill is slated to be introduced in the upper house of the Parliament during the ongoing monsoon session.

Jul 27, 2017

Telecom War: Airtel to launch VoLTE service to counter Reliance Jio

"We believe that this (JioPhone) could propel the launch of cheaper phones in the market and that is something that we embrace," Gopal Vittal.

Jul 27, 2017

Byju's on a roll: Raises funds from Tencent after acquiring TutorVista and Edurite

After acquiring TutorVista and Edurite from London-based Pearson Plc, Byju's has landed an investment deal with Chinese internet giant Tencent Holdings Limited.

Jul 27, 2017

Axis Bank set to take Freecharge off the market in a deal valued at Rs 385 crore

Axis Bank is reportedly nearing a deal to buy Snapdeal's Freecharge and the deal valued at about Rs 385 crore ($60 million) could be announced on Thursday, July 27.

Jul 27, 2017

Vivo employees vandalise premises, clash with security personnel after layoffs

After Vivo India sacked about 20 employees, over 100 workers gathered at the brand's Greater Noida manufacturing plant and protested against the company and even clashed with its security personnel.

Jul 27, 2017

What Donald Trump has said on LGBTQ rights versus what he has actually done

Donald Trump said hed do great things for LGBTQ people. Now he is US president, is he living up to that promise?

Jul 26, 2017

Swiggy denies allegations of cheating restaurants, fudging business numbers

The former employees allege Swiggy of inflating business numbers in order to deal with investors.

Jul 26, 2017

UK to ban sale of diesel and petrol cars from 2040

The announcement comes as part of the governments £3bn ($3.9bn) clean air strategy. Air pollution is thought to shorten the lives of around 40,000 people per year.

Jul 26, 2017

Wrecked Snapdeal anchors Flipkart's Rs 5,800 crore buyout offer

The board of Jasper Infotech, which runs Snapdeal, approved Flipkart's bid of Rs 5,800 crore ($900 950 million) last week.

Jul 26, 2017

Senate Republicans vote to move ahead on Obamacare repeal

The Senate voted 51-50 to start debate on Obamacare repeal. Vice President Mike Pence was forced to break the tie.

Jul 26, 2017

RBI stops printing Rs 2000 notes, focus turns to new Rs 200 [VIDEO]

The govt plans to slowly phase out higher denomination notes.

Jul 26, 2017

US House of Representatives pass sanctions bill

he U.S. House of Representatives voted to slap more sanctions on Russia, Iran, and North Korea. The bill defies President Trumps objections to such legislation but was backed by Republicans and Democrats alike. The bill still needs to pass through the Senate before getting to the White House for Trump to sign or veto. The House-passed bill would codify into law existing sanctions on Russia. New sanctions would be imposed upon Iran for their ballistic missile development. While North Koreas shipping industry and use of slave labor would be targeted for the countrys nuclear and missile programs. The White House says President Trump has not yet considered vetoing or signing the bill into law.

Jul 26, 2017