Business news

McDonald's to close 169 outlets in India. Not lovin' it! [VIDEO]

The global fast food joint is currently looking for a new partner to continue its business in North and East India. Here's why.

Aug 26, 2017

Nilekani at work: Governance structure and CEO search immediate priorities

His immediate priorities are to help the board to create a long-term governance structure in the company, search and hire a chief executive officer (CEO) and reboot the company's business strategy.

Aug 26, 2017

People started asking who was really in charge at Infosys: Vishal Sikka

In his first interview after resigning from Infosys, Vishal Sikka told the Financial Times, London, that he left after being undermined for many months

Aug 25, 2017

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For stake's sake: When Blackstone's bid for a bite of Infosys bit the dust

Giant private equity bank coveted a "significant minority stake" in Infosys when founders tussled with the board.

Aug 25, 2017

International Space Station captures new footage of Hurricane Harvey

Cameras aboard the International Space Station captured new views of Hurricane Harvey as the storm rapidly intensified on Thursday afternoon, August 24.Harvey is expected to make landfall on the Texas coast on Friday, 25 August, or Saturday morning, 26 August.

Aug 25, 2017

This is what Nandan Nilekani told Infosys investors and stakeholders on his first call

"I have the full support of the board, of Mr Murthy, of all the promoters," Nandan Nilekani said.

Aug 25, 2017

Vishal Sikka likely to join Hewlett Packard Enterprise as CTO

HP had not filled the position since Martin Fink stepped down last year.

Aug 25, 2017

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Unified approach: TCS to contribute its CSR fund to Tata Trusts

The country's biggest software exporter is the first Tata company to considering such a move, which in line with the former Chairman Ratan Tata's vision to unify the parent company's philanthropic programmes into one.

Aug 25, 2017

Nandan Nilekani walks in as Infosys non-executive chairman: What happens now?

"I plan to be here as long as necessary and I will not be here as soon as I'm not necessary," Nandan Nilekani

Aug 25, 2017

Co-founder Nandan Nilekani back at Infosys as non-executive chairman

Shares of Infosys surged for a third straight day on Thursday, following reports that Nilekani could step in to the company's board in a bid to calm the ongoing controversies the company is going through at present.

Aug 25, 2017

Tata Steel, Posco likely to bid for Essar Steel

Betting on government spending on infra projects, specifically affordable homes, Tata Steel is keen to grow the business through strategic acquisitions.

Aug 24, 2017

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Betting on corporate governance? Go for Bharat 22

Bharat 22 ETF may offer discounts, some tax breaks and loyalty bonuses to lure and compensate investors.

Aug 24, 2017

Tata Power to sell non-core assets to pare debt: N Chandrasekaran

The company's Mundra power plant in Gujarat has become unviable after coal exporter Indonesia has sharply increased coal prices since 2010.

Aug 24, 2017

IPL broadcast rights: Dish TV writes letter to BCCI, MIB against Star India

Read the full contents of the letter sent by Dish TV chief Jawahar Goel ahead of the submissions of the Invitation To Tender (ITT), scheduled for September 1.

Aug 24, 2017