Business news

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

Flipkart beats Amazon hollow with sales figures of Rs 2,600 crore for June

Flipkart has once again left Amazon behind and reported gross sales of over Rs 2,600 crore as against Amazon's figures of over Rs 2,400 crore for the month of June.

Jul 26, 2017

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Another high-level exit: Is Vishal Sikka having a tough time retaining executives?

After executive vice president Ritika Suri quit a week back, Yusuf Bashir, MD of the $500-million Infosys Innovation Fund has resigned from his post at Infosys.

Jul 26, 2017

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Jio-graphic: Price slashes by Reliance upstart bleed Airtel bottomline

Net profits decline 75% in Q1 thanks to sops from Ambani-backed Reliance Jio; smallest profit in 18 quarters

Jul 25, 2017

SC asks Sahara's Subrata Roy to deposit Rs 1,500 cr to stall auction of Aamby Valley

The Sahara chief, who is out on parole since May 6 last year, was arrested for Sahara group's failure to return investor money.

Jul 25, 2017

Shikha Sharma never said Ta-Ta, protests Axis Bank

Bank rubbishes report which claimed that its Chairman Shikha Sharma is joining Tata Group.

Jul 25, 2017

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Bringing Infosys board, founders on the same page 'doable', says co-chairman

Says that Sikka, who has driven a lot of positive changes after taking over as Infosys CEO, was co-founder Narayana Murthy's choice.

Jul 25, 2017

Cochin Shipyard floats Rs 1,400-crore IPO despite grim shipbuilding prospects

Post IPO allotment, the government will hold a 75 percent share in the shipbuilder, while the balance 25 percent will be held by the public.

Jul 25, 2017

Alphabet adds to cash pile despite higher costs, anti-trust fine

Rising costs, including what Google pays to drive traffic to its search engine, hurt operating margins more than expected,

Jul 25, 2017

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History league: Nifty breaches 10,000 mark, notches up all-time record

The rise in Indian stocks has been primarily fuelled by foreign institutional investors (FIIs) buying.

Jul 25, 2017

Finally some good news techies! Goldman Sachs is hiring engineers in India

Not just lateral hiring, investment bank Goldman Sachs also plans to enhance its campus recruitment this year by up to 25-30 percent as it aims to embrace technology at a larger scale.

Jul 25, 2017

PriceWaterhouseCoopers under fire for alleged tax evasion and criminal intimidation

Sarvesh Mathur, a former CFO at PwC's Indian arm has accused the British audit firm of evading taxes, manipulating books and breaking numerous laws.

Jul 25, 2017

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Business news

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

Senate Republicans vote to move ahead on Obamacare repeal

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

US House of Representatives pass sanctions bill

Flipkart beats Amazon hollow with sales figures of Rs 2,600 crore for June

Another high-level exit: Is Vishal Sikka having a tough time retaining executives?

Jio-graphic: Price slashes by Reliance upstart bleed Airtel bottomline

SC asks Sahara's Subrata Roy to deposit Rs 1,500 cr to stall auction of Aamby Valley

Shikha Sharma never said Ta-Ta, protests Axis Bank

Bringing Infosys board, founders on the same page 'doable', says co-chairman

Cochin Shipyard floats Rs 1,400-crore IPO despite grim shipbuilding prospects

Alphabet adds to cash pile despite higher costs, anti-trust fine

History league: Nifty breaches 10,000 mark, notches up all-time record

Finally some good news techies! Goldman Sachs is hiring engineers in India

PriceWaterhouseCoopers under fire for alleged tax evasion and criminal intimidation

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]