Business news

GoAir CEO's contract may not be renewed, aviation veteran will quit next year

Former Jet Airways CEO Wolfgang Prock-Schauer's exit comes when the airline is on the cusp of launching its international operations.

Sep 4, 2017

FMCG firms to spend more on promotion: Festive season boost or Patanjali effect?

FMCG companies are planning to spend 15-20 percent more on promotion of their goods in the September-December period. Read to know what fuelled this decision.

Sep 4, 2017

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Festive sales: Paytm to pump in Rs 1,000 crore for promotional offers

To stay ahead in the competition, Paytm is not only making its sales offer online but offline as well.

Sep 4, 2017

nirmala sitharaman, exporters, modi minister, pm modi, modi govt., indian economy, india external trade, exports, imports

Nirmala Sitharaman as defence minister is good news for Make in India

Despite, having many home-based defence companies, India is still one of the largest importers of defence products.

Sep 4, 2017

Activist shareholders are our owners, says Cognizant CEO in rare interview

Activism can be empowering, is not to be seen as a risk, but a constructive factor, Francisco D'Souza told HT Mint.

Sep 3, 2017

Digital gold: Bitcoin value zooms past record $5,000 mark

Bitcoin gained a massive 400% growth in terms of value thanks to increased interest expressed by major financial institutions over cryptocurrencies backed by blockchain technology for secure transactions.

Sep 3, 2017

Cashing in: Infy founders, including Murthy, Nilekani, put up shares worth Rs 2,038 cr for buyback

At the buyback price of Rs 1,150 apiece, the promoters will earn as much as Rs 2,038.94 crore, if the 1.77 crore shares tendered by them are accepted in the buyback offer.

Sep 3, 2017

market outlook, indian stock markets, french presidential polls, indian markets and french polls, indian markets and french presidential elections, emmanuel macron, le pen

North Korea nuclear test, Cabinet reshuffle to impact market next week

Between August 24 and September 1, the Sensex gained 0.9 per cent while the broader Nifty added 1.19 percent.

Sep 3, 2017

Taxman chomps away at discounts, e-commerce firms face the heat

The income tax department says online customer discounts are not marketing costs, but capital expenditure to be included in revenues.

Sep 2, 2017

Tripping up: Nike ticks 20% staff off its India roster

Oregon-headquartered Nike has gasped for breath in a demanding Indian market, and had closed its cricket bat sponsorship deals to save on costs.

Sep 2, 2017

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

Government waives penalty on late GST returns for July

For July, GSTR-1 needs to be filed between September 1 and 5 and GSTR-2 between September 6 and 10.

Sep 2, 2017

infosys q3 fy2017 results vishal sikka share price

Infosys seeks shareholder nod to appoint Pravin Rao as MD

Rao will continue to perform his role of COO and interim CEO along with that of MD while drawing his current remuneration.

Sep 2, 2017

Pay up or begone, Supreme Court tells managements of defaulting firms

SC ruled in favour of ICICI Bank in the case of Innoventive Industries which owes banks over Rs 950 crore.

Sep 2, 2017

Infosys says engaging with shareholders on governance standards

Stronger corporate governance oversight and transparency in communication with investors and shareholders of the company was the key demand of the founders led by N R Narayana Murthy.

Sep 1, 2017