Business news

India's Big Steel enigma: Grey hair, red ink, but blue skies?

Highly leveraged steel companies working on thinning margins augur ill for the balance sheets of banks.

Jul 24, 2017

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IT start-up employees are entitled to labour law benefits like provident fund: Govt

Union Minister of State for Labour Bandaru Dattatreya on Monday said employees of tech start-ups can claim benefits like provident funds as part of the labour laws of the country.

Jul 24, 2017

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United Spirits Q1 profit grows 43.6% despite alcohol ban

Company revenues fell to Rs 5,847.7 crore from Rs 5,877.2 crore on back of falling number of retail outlets, alcohol ban.

Jul 24, 2017

PM lauds contributions of CA community, while govt mulls regulatory body

The new agency -- which can have up to 15 members, including the chairman -- is mandated to advise on issues related to audit and accounting standards.

Jul 24, 2017

Feeling the automation heat? ITC Infotech to acquire smaller firms to ramp up digital services game

ITC Infotech is planning to buy out smaller companies valued in the range of Rs 320 crore in a bid to ramp up its game in the digital technology market and innovate AI and Internet of Things.

Jul 24, 2017

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HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

The bank's net profit rose 20.2 percent to Rs 3,894 crore in the first quarter of fiscal year 2018

Jul 24, 2017

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Axis Bank gears up for competition as Amazon makes a bid in the range of Rs 500 crore for Freecharge

It was earlier reported that Axis Bank was leading the race to acquire digital payments platform Freecharge and was even said to be conducting due diligence.

Jul 24, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

Home base: Not briefing Tata trusts on every move I make, says Chandra

Tata group will prune portfolio and sell underperforming firms, says chairman, points out that group has priorities other than Nano.

Jul 23, 2017

Unfair in retrospect: Builders take govt to court, say RERA is illegal

Allege law is retrospective as it brings "ongoing" projects under regulation and penalties.

Jul 23, 2017

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Shorted revenues at Rs 7,697.62 crore; Bharti Airtel, Vodafone, Aircel, Idea, Reliance Communication and Sistema Shyam Teleservices Ltd named in CAG report.

Jul 22, 2017

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

On the 12 stressed accounts chosen by the Reserve Bank of India last month under the insolvency and bankruptcy law, Vijaya Bank's total exposure is Rs 12,800 crore

Jul 22, 2017

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No change in the air: Trai rules out floor price for telecom services as of now

Consensus among telcos is that fixation of a floor price is not a workable idea.

Jul 22, 2017

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Investment dept told to prepare proposal for Air India sale

Dipam (Department of Investment and Public Asset Management) told to coordinate with Civil Aviation ministry.

Jul 22, 2017

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Malaysian company IHH Healthcare Berhad may still buy stake in Fortis: Report

A proposed fund-raising plan by IHH Healthcare subsidiary keeps hopes of buying a stake in Fortis Healthcare "alive", says BloombergQuint.

Jul 22, 2017

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Business news

India's Big Steel enigma: Grey hair, red ink, but blue skies?

IT start-up employees are entitled to labour law benefits like provident fund: Govt

United Spirits Q1 profit grows 43.6% despite alcohol ban

PM lauds contributions of CA community, while govt mulls regulatory body

Feeling the automation heat? ITC Infotech to acquire smaller firms to ramp up digital services game

HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

Axis Bank gears up for competition as Amazon makes a bid in the range of Rs 500 crore for Freecharge

NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Home base: Not briefing Tata trusts on every move I make, says Chandra

Unfair in retrospect: Builders take govt to court, say RERA is illegal

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

No change in the air: Trai rules out floor price for telecom services as of now

Investment dept told to prepare proposal for Air India sale

Malaysian company IHH Healthcare Berhad may still buy stake in Fortis: Report

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]