Business news

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Tejas Networks makes lukewarm debut on BSE, lists at issue price of Rs 257

Tejas Networks Ltd made a lukewarm debut at the Bombay Stock Exchange on Tuesday, June 27 and its shares opened at Rs 257, unchanged from its issue price.

Jun 27, 2017

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Ahead of GST rollout, govt postpones implementation of TDS, TCS

The decision was taken upon trade and industry feedback on Tax Deduction at Source and Tax Collection at Source.

Jun 26, 2017

Amazon will keep investing in India, Bezos assures Modi

Jeff Bezos was one of 20 odd US business leaders who met Modi on Sunday.

Jun 26, 2017

The Hurting Locker: Trust and liability are gone with the RBI wind

Are banks saying that they don't care for lost or stolen goods from their lockers, but will still charge customers for taking the risk?

Jun 26, 2017

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Infosys admits automation related job losses hit 11,000

Indian IT-giant Infosys held its 36th Annual General Meeting on Saturday, June 24, during which it admitted that it had released 11,000 jobs due to automation.

Jun 26, 2017

Royal Bank of Scotland to cut 443 jobs in UK, plans to move many roles to India for cost-cutting

The Royal Bank of Scotland job cut will mostly affect the department that deals with loans for small businesses, and the decision was reportedly made to cut the rising costs of the company.

Jun 26, 2017

Big deal with steel: Rs 5,000-cr JV between SAIL and ArcelorMittal may be closed next month

The proposed Rs 5,000-crore joint venture seeks to construct a cold rolling mill and other downstream finishing facilities in India.

Jun 25, 2017

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Infosys chairman Seshasayee to retire next year on turning 70

Says that for the rest of his tenure, he will focus on improving shareholder value and planning a smooth transition to his successor.

Jun 25, 2017

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Market outlook: Investors likely to remain cautious ahead of GST; Tejas Networks to list on June 27

Tejas Networks is set to list on June 27; Sensex and Nifty are expected to remain range-bound in the last trading week before GST rollout from July 1.

Jun 24, 2017

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Infosys co-founders keep away from annual general meeting

India's second-largest IT services exporter Infosys held its 36th AGM in Bengaluru on Saturday.

Jun 24, 2017

Unburdening: Tata Teleservices seeks to recast Rs 32,000-cr debt pile

Tata Tele has reportedly approached a lender consortium led by SBI for restructuring outstanding debt of Rs 32,000 crore.

Jun 24, 2017

Govt red-flags $13-bn oil deal between Essar and Rosneft

Deal expected to result in substantial debt reduction for the Essar Group, and help the Kremlin-controlled giant increase oil refining output by 20 per cent.

Jun 24, 2017

Vijaya, Dena mulled as possible acquisition targets for Canara Bank

Govt likely to push proposal forward after monsoon session of Parliament is over in August.

Jun 24, 2017

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Fortis Healthcare shares crash despite company keeping options open on stake sale

Fortis Healthcare, whose business units comprise hospitals, diagnostics and day-care facilities, saw its share price plunge after Malaysia's IHH reportedly pulled out of talks to acquire a stake.

Jun 24, 2017

Infosys CEO Vishal Sikka gets clean chit from US law firm in Panaya deal

The details of the investigation carried out by law firm Gibson Dunn & Crutcher, LLP, and the findings were released on Friday, June 24. It said there was no evidence of any wrongdoing by Vishal Sikka.

Jun 24, 2017

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Business news

Tejas Networks makes lukewarm debut on BSE, lists at issue price of Rs 257

Ahead of GST rollout, govt postpones implementation of TDS, TCS

Amazon will keep investing in India, Bezos assures Modi

The Hurting Locker: Trust and liability are gone with the RBI wind

Infosys admits automation related job losses hit 11,000

Royal Bank of Scotland to cut 443 jobs in UK, plans to move many roles to India for cost-cutting

Big deal with steel: Rs 5,000-cr JV between SAIL and ArcelorMittal may be closed next month

Infosys chairman Seshasayee to retire next year on turning 70

Market outlook: Investors likely to remain cautious ahead of GST; Tejas Networks to list on June 27

Infosys co-founders keep away from annual general meeting

Unburdening: Tata Teleservices seeks to recast Rs 32,000-cr debt pile

Govt red-flags $13-bn oil deal between Essar and Rosneft

Vijaya, Dena mulled as possible acquisition targets for Canara Bank

Fortis Healthcare shares crash despite company keeping options open on stake sale

Infosys CEO Vishal Sikka gets clean chit from US law firm in Panaya deal

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]