Business news

After SBI and Vijaya Bank, Bank of India to raise Rs 500 crore via QIP

State-owned lenders are reeling under bad loans in the region of Rs 10 lakh crore, and banks are in dire need of capital infusion to continue operations.

Sep 25, 2017

Another 2 lakh directors disqualified for holding posts in defaulting companies

These directors will not be allowed to hold seats in other companies and might have to resign from their posts soon in the future.

Sep 25, 2017

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Air India disinvestment facing headwinds, failing to attract buyers

Another reason why investors are not showing much interest in buying the state-owned carrier is because of the company's large debt of more than Rs 52,000 crore.

Sep 25, 2017

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CCD raids: Income Tax Department detects undisclosed income of over Rs 650 crore

This detection of Rs 650 crore of the undisclosed income is also expected to surge in the future.

Sep 25, 2017

More trouble: Vijay Mallya moved Rs 6,000 crore to shell companies

The money was allegedly diverted to shell companies in seven countries, including the US and UK.

Sep 25, 2017

Nothing Gigabit: iPhone X, 8, 8 Plus may not run superfast net

The new iPhones cannot deliver high speed under the superfast network called Gigabit LTE while Android smartphones can

Sep 24, 2017

Banks scramble to set up Aadhaar centres before September 30

UIDAI said the banks are required to have one centre per 10 branches they operate and a penalty of Rs 20,000 every month would be imposed on banks failing to open single centres before the deadline.

Sep 24, 2017

Deal locked: Amazon to buy 5 percent stake in Shoppers Stop for Rs 180 crore

Following the deal, the company will now hold an extraordinary general meeting (EGM) of its shareholders to seek their approval for this deal.

Sep 24, 2017

Watch Lockheed Martins lethal new laser weapon take down an airborne drone

This new laser weapon from Lockheed Martin looks terrifying, known as ATHENA (Advanced Test High Energy Asset), the weapon successfully burnt through and crashed five drones. The video shows the laser burning through the tail section of the first drone.

Sep 22, 2017