Business news

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Down and out: Videocon, JP Associates, IVRCL may be dragged to NCLT's doors

Most are from the power and infrastructure sectors and are on RBI's second list of loan defaulters.

Aug 29, 2017

Bloomberg charity scrutinised by India for anti-tobacco funding, lobbying

The government has since 2014 tightened surveillance of non-profit groups, saying they were acting against India's national interests.

Aug 29, 2017

Good gold days: Tirupati Balaji temple deposits 2,780 kg of gold with SBI

Tirumala Tirupati Devasthanams (TTD) which manages the temple took a decision to deposit the gold under a long-term deposit scheme.

Aug 29, 2017

NTPC divestment: Institutional investor quota oversubscribed 1.28 times

The government owns nearly 70% stake in NTPC and has set a floor price of Rs 168 apiece, aiming to raise around Rs 7,000 crore.

Aug 29, 2017

Income Tax Department is facing major manpower crunch

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

About 3,000 posts of Income Tax Inspector are vacant and Assessment Officers are said to be overburdened with work.

Aug 29, 2017

Hanging on a line: Taxman wants Rs 32,000 crore hug from Hutchison over Vodafone deal

The fine is on top of a tax demand for the same amount over the telco's $11.1-billion purchase of Hutchison assets in 2007.

Aug 29, 2017

Greenko in talks with Reliance Infra to buy out Mumbai power business

Power demand in India will likely cross 300 GW in the next ten years.

Aug 29, 2017

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Amazon eyes Grofers pie for $100 million to spoil Alibaba-BigBasket party

Amazon's investment in Gurgaon-based Grofers of around $100 milion could be a well planned strategy by the company to stay ahead of Flipkart. Read to know more.

Aug 29, 2017

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Modi govt to sell up to 10% of utility NTPC in potential $2.2 billion deal

The NTPC sale will be open for funds on Tuesday, while retail investors will be able to bid on Wednesday.

Aug 29, 2017

Polishing up: Money laundering rules to apply to gems and jewellery sector

The move to put the gems and jewellery sector under the PMLA's purview, is part of steps to stop misuse and laundering of money by the sector.

Aug 28, 2017

Uber names new CEO pick

Ending months of speculation, Uber picks Expedias Khosrowshahi as its prospective new CEO.If he takes the job, he would have a steep task ahead of him that includes not just repairing Uber and amp;#39;s corporate image but also creating a profitable business after years of losses.

Aug 28, 2017