Business news

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Crorepati glut: Infosys grapples with high staff pay

Infosys is reportedly offering an annual package of over Rs 1 crore to its employees abroad and the financial burden on the IT giant is now likely to amplify.

Jun 15, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

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Intel to invest Rs. 1,100 crore in India

The investment will be for a new Research and Development (R&D) centre in Bengaluru.

Jun 14, 2017

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Azure Power commissions 100 MW NTPC solar power plant in Andhra Pradesh

Azure Power will supply power to NTPC for 25 years at a tariff of Rs. 5.12 per kWh.

Jun 14, 2017

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Mukesh Ambani's brother Anil Ambani won't take salary from Reliance Communications

Reliance Communications,headed by Anil Ambani, is bleeding, thanks to competition by brother Mukesh Ambani's Reliance Jio and others; so Anil won't take salary.

Jun 14, 2017

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BookMyShow introduces in-app chat feature 'Plan it'

BookMyShowPlan it allows friends and families to interact with each other in real time, suggest movies, show times and engage in other activities.

Jun 14, 2017

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Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

Though the RBI did not name the 12 defaulters, there is speculation that Essar Steel, Bhushan Steel and Lanco are top NPA accounts.

Jun 14, 2017

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ICICI Prudential Life, South Indian Bank, PNB Housing hit fresh 52-week highs

Select stocks are buzzing on the BSE, scaling new 52-week highs on Wednesday; these include ICICI Prudential Life, Bombay Burmah, PNB Housing Finance.

Jun 14, 2017

Uber director David Bonderman resigns after 'inappropriate' comment on women

Bonderman resigned on June 13, after he attempted a joke on women during a company meeting. His resignation comes into effect Wednesday, June 14.

Jun 14, 2017

French ambassador to India inaugurates Michelin's R&D Centre in Haryana

The 3,800-square-metre laboratory at Manesar will provide support to the Michelin Technology Center in Gurugram.

Jun 13, 2017

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JSW Energy appoints Prashant Jain as Joint MD and CEO

Prashant Jain will be based in Mumbai and report to the Chairman and Managing Director, Sajjan Jindal.

Jun 13, 2017

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Emkay Global and DBS tie-up for co-branding and distribution of equity research

The agreement will facilitate DBS Vickers to enhance its service offering to its clients, while enabling Emkay to expand its reach.

Jun 13, 2017

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SpiceJet launches e-commerce retail venture SpiceStyle

Through this subsidiary, SpiceJet aims to make travel more stylish and a convenient experience for those who travel for business and pleasure.

Jun 13, 2017

Riding the waive: A growth dream betrayed

Farmer pains will be only partly eased by loan waivers even as the next round of balance-sheet agony for banks and coops gets primed for release.

Jun 13, 2017

Infosys refers to risk from 'activist shareholders' in US SEC filing, almost blames founders

In the past few months, founders/former top Infosys executives such as Narayana Murthy, Mohandas Pai and Balakrishnan have raised corporate governance issues.

Jun 13, 2017