Business news

Rajnish Kumar to succeed Arundhati Bhattacharya as SBI chairman

The Banks Board Bureau had interviewed four SBI managing directors -- Rajnish Kumar, P K Gupta, B Sriram and Dinesh Kumar Khar -- for the top position.

Oct 4, 2017

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Health of India's corporate finances improves despite economic slowdown

ICRA's data showed a turnaround of sorts in corporate finances during the first half of the current fiscal year. Another rating agency Crisil also suggested a massive improvement.

Oct 4, 2017

Amazon set to double Prime membership fee in India

Prime membership is available for only a few more days at the special introductory price of Rs 499 a year.

Oct 4, 2017

Indian govt to raise about Rs 11,370 crore from GIC Re's IPO

The company has set a price range of Rs 855-Rs 912 per share for its IPO that will run from October.

Oct 4, 2017

Over 6,000 Indian companies' data leaked online, put up for sale for 15 Bitcoins

Security experts have reached out to government authorities and Asia Pacific Network Information Centre (APNIC), and asked them to alert the affected firms and suggest them to change passwords.

Oct 4, 2017

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Ola secures $2 billion from SoftBank and other investors

The funding round is yet to be completed. Also there are chances for the amount to change.

Oct 3, 2017

Goldman Sachs now hiring engineers to transform service strategy

Analytics and data science jobs in India have increased more than 100 percent in the past one year, with close to 50,000 positions related to analytics currently available to be filled.

Oct 3, 2017

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US becomes India's latest crude oil supplier

"It's a new chapter in the history of Indo-US trade, and for the oil and gas sector in both the countries," IOC tweeted.

Oct 3, 2017

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Modi govt gives big push to stake sale in 5 companies

The Centre, in order to attract potential bidders, will provide more land for future project expansion as a part of the package on offer in some cases.

Oct 3, 2017

Everything we know about Las Vegas shooter Stephen Paddock

Paddock killed over 58 and wounded over 500 in the deadliest mass shooting in U.S. history.

Oct 3, 2017

HAL starts IPO process, files DRHP with Sebi

HAL has initiated the process of IPO with the filing of the Draft Red Herring Prospectus (DRHP) on September 29, 2017

Oct 1, 2017

TCS gets reduced penalty of $420 mn in IP theft case

The suit was filed by Epic Systems Corporation against the company.

Oct 1, 2017

Fasten your wallets, aviation fuel price zooms 6%

Aircraft carriers will have additional cost pressures to shoulder from higher turbine fuel prices

Oct 1, 2017

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Unstimulating: Fiscal deficit hovers at 96% of full-year target, dashes stimulus hopes

During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target

Sep 30, 2017

Indian markets lose sheen on economic travails, but investors keep faith

Much will depend on how the government opts to arrest India's economic slowdown after its promise of deep economic and fiscal reforms had enamoured foreign investors.

Sep 30, 2017