Business news

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

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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

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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

SoftBank keen to end road rage between Ola, Uber

If the deal to invest in Uber fructifies, it might shake Ola's confidence and trigger a more intense rivalry between the two ride-sharing companies.

Sep 1, 2017

Former Infosys Chairman Seshasayee asks Murthy to stop "personal attack"; here is the FULL TEXT

In a statement issued along with two board directors, Seshasayee asked Murthy to not make "false and slanderous accusations against" him over alleged governance failures during his term.

Sep 1, 2017

Adani to partner Saab to build single-engine fighter jets in India

The partnership will throw direct competition to US defence giant Lockheed Martin and French aircraft manufacturer Dassault who have tied up with Tata and Reliance respectively.

Sep 1, 2017

Timing the market: Brokers frown upon trading hours till 7.30 pm

At present, trading commences on the exchanges at 9:15 am and close at 3:30 in the afternoon, with a 15-minute window.

Sep 1, 2017

The taxman cometh: 14,000 suspicious property dealings under I-T scanner

Now the I-T department has launched 'Operation Clean Money' and is working in tracking down evaders by using data analytics.

Sep 1, 2017

Car sales August 2017: This is how Maruti Suzuki, Hyundai, Tata Motors and others performed

Automakers are expecting increased sales momentum to continue post-GST implementation.

Sep 1, 2017

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

GVA (Gross Value Added) stagnates at 5.6% in Q1; note ban, GST rollout caused bigger disruption than expected

Aug 31, 2017

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Business news

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

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

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

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

Government waives penalty on late GST returns for July

Infosys seeks shareholder nod to appoint Pravin Rao as MD

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

Infosys says engaging with shareholders on governance standards

SoftBank keen to end road rage between Ola, Uber

Former Infosys Chairman Seshasayee asks Murthy to stop "personal attack"; here is the FULL TEXT

Adani to partner Saab to build single-engine fighter jets in India

Timing the market: Brokers frown upon trading hours till 7.30 pm

The taxman cometh: 14,000 suspicious property dealings under I-T scanner

Car sales August 2017: This is how Maruti Suzuki, Hyundai, Tata Motors and others performed

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

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]