Business news

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Coal India and employees union hit stalemate on salary hike as workers demand 21% raise

The union had earlier demanded a 50 percent hike, which brought down to 21 percent. However, the firm has said that it cannot afford such a large hike and can only manage about 15 percent.

Aug 22, 2017

Airtel takes on Jio with its own 4G smartphones at Rs 2,500 for Diwali

Airtel's 4G device will be based on the Android operating system and the telecom provider will allow users to download all apps available on the Google Play app store.

Aug 22, 2017

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Infosys stock hits new low, slammed out of Top 10 market cap league

In the last two trading sessions, investors have lost over Rs 36,500 crore in market capitalisation after the stock tumbled over 18 percent.

Aug 21, 2017

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Rate scare for savers: Not just FDs, an array of small savings become unattractive

A 25 bps RBI rate cut on December 6, the date of the next monetary policy review, appears a definite possibility.

Aug 21, 2017

McDonald's ends CPRL license; 169 outlets in North, East face closure

Connaught Plaza Restaurants Pvt Ltd (CPRL) runs McDonald's outlets in northern and eastern India

Aug 21, 2017

Creditors oppose NCLT order, may pose hurdles in the way of RCom-Aircel merger

The order pronounced by the tribunal suggested that any creditor accounting 5 percent or less of the companies' total debt cannot oppose the merger.

Aug 21, 2017

BPCL to pump in Rs 18,000 crore to expand oil refineries

The expansion is a part of company's major roadmap to spend Rs 1.08 lakh crore in next five years.

Aug 21, 2017

McDonald's terminates agreement with CPRL for outlets in northern and eastern region

McDonald's accused CPRL of violating numerous terms of the agreement and the latter cannot use the systems, trademark and designs of McD anymore. This will come into effect within 15 days from now.

Aug 21, 2017

Essar Oil closes 98% stake deal to Rosneft-led consortium for $12.9 bn

As part of the deal, oil major Rosneft will get a 49.13 percent stake in Essar Oil and the Trafigura-UCP consortium will hold another 49.13 percent stake in the company.

Aug 21, 2017

Buyback flops, Infosys stock slips to three-year low

The stock tanked 9.6% on the Bombay Stock Exchange at Friday's closing, its sharpest fall since April 2013.

Aug 21, 2017

Too little, too late: 'Vishal Sikka might have stayed on had the board sided with him sooner'

It is now also being said that Infosys would have a tough time retaining its clients, many of whom had a good equation with former CEO and MD Vishal Sikka and worked closely with him.

Aug 21, 2017

3 insurers file IPO papers in 3 weeks; aim to raise Rs 20,000 crore

Two dozen companies have filed draft papers with the Securities and Exchange Board of India.

Aug 20, 2017

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Wilful defaulters owe 27% of total outstanding loans to SBI alone

As many as 1,762 defaulters owe State Bank of India a staggering amount of Rs 25,104 crore.

Aug 20, 2017

Talks fail, banks going ahead with August 22 strike

Not happy with government's response to protests against bank consolidation and corporate NPAs.

Aug 20, 2017

Who will succeed Vishal Sikka? Finding next Infosys chief won't be easy

Infosys is likely to pick an insider to succeed Sikka, even that won't be easy for the board.

Aug 20, 2017

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Business news

Coal India and employees union hit stalemate on salary hike as workers demand 21% raise

Airtel takes on Jio with its own 4G smartphones at Rs 2,500 for Diwali

Infosys stock hits new low, slammed out of Top 10 market cap league

Rate scare for savers: Not just FDs, an array of small savings become unattractive

McDonald's ends CPRL license; 169 outlets in North, East face closure

Creditors oppose NCLT order, may pose hurdles in the way of RCom-Aircel merger

BPCL to pump in Rs 18,000 crore to expand oil refineries

McDonald's terminates agreement with CPRL for outlets in northern and eastern region

Essar Oil closes 98% stake deal to Rosneft-led consortium for $12.9 bn

Buyback flops, Infosys stock slips to three-year low

Too little, too late: 'Vishal Sikka might have stayed on had the board sided with him sooner'

3 insurers file IPO papers in 3 weeks; aim to raise Rs 20,000 crore

Wilful defaulters owe 27% of total outstanding loans to SBI alone

Talks fail, banks going ahead with August 22 strike

Who will succeed Vishal Sikka? Finding next Infosys chief won't be easy

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]