Business news

Above the table: GST gets it right on the money

The landmark reform's biggest loophole will appear in the form of our systemic inability to discard old paradigms.

Jul 31, 2017

Esops fable might turn sour if 8 lakh bank staff fail to recover bad loans

Scheme planned to come into force in 2017-18; most state-run banks have provision coverage ratio less than 65 percent.

Jul 31, 2017

Max calls off merger with HDFC Standard Life Insurance

The confirmation comes days after the insurer's parent HDFC said it will offload 9.5 percent through an initial public offering.

Jul 31, 2017

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Few more days: Deadline for filing income tax returns extended to August 5

The primary reason for the extension in deadline is understood to be technical snag developed due to the last-minute rush by tax filers.

Jul 31, 2017

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Snapdeal 2.0: Here's how the stripped-down version aims to turn profitable

Snapdeal now plans to go ahead with its 'Plan B' and pivot its company into a Taobao kind of an open marketplace set-up, Business Standard reported.

Jul 31, 2017

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Unity move: Tata Group to consolidate defence, financial, infra arms

Tata's defence businesses clocked in a revenue of Rs 2,650 crore in fiscal 2016, an increase of 7.5 percent from the year earlier.

Jul 31, 2017

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Are you an expat pilot with Jet Airways? You won't be for long

Jet Airways is said to be phasing out expatriate pilots from its flights after an expat pilot was accused of hurling racial abuses and assaulting a woman on a Chandigarh-Mumbai flight in April.

Jul 31, 2017

Will Flipkart's new brand 'Billion' shake up e-commerce biz in India?

The central idea behind the brand is to offer products designed specifically for Indian shoppers, who Bansal thinks aren't served satisfactorily by most of the existing brands across product categories.

Jul 31, 2017

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Maruti Suzuki likely to post upbeat July car sales, says Nirmal Bang

Maruti Suzuki, Tata Motors, Ashok Leyland and Hero Motocorp are likely to report mixed growth rates or drop in volume sales for July, the first month of GST implementation.

Jul 31, 2017

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State Bank of India shares spurt after lender cuts interest rate on savings deposits

The country's largest lender State Bank of India slashed interest rate on savings bank deposits to 3.5 percent from 4 percent, resulting in share prices rising sharply.

Jul 31, 2017

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Tech Mahindra trades flat ahead of June quarter results; Sensex up over 100 points

IT software services company Tech Mahindra will be declaring its June quarter (Q1) results on Monday.

Jul 31, 2017

EdgeVerve head Anirban Dey quits; Infosys in need of a retention plan stat!

Anirban Dey, the global head and chief business officer of Edge products at EdgeVerve, Infosys Ltd's products and platforms unit, has resigned and is currently serving notice period.

Jul 31, 2017

Hardware glitch: As deadline for filing I-T returns nears, snag hits portal

The site has not crashed. The technical team is working on it and it should be up and running shortly, says CBDT official.

Jul 30, 2017

Turning around Tata Motors domestic business need of the hour: N Chandrasekaran

Guenter Butschek said: "Our immediate priority now is on execution -- to address the top concerns of supply constraints, advance the launch time of some of our new products."

Jul 30, 2017