Business news

Amazon invests Rs 1,680 crore in India amid Flipkart and Snapdeal merger talks

Amazon's infusion Rs 1,680 crore in its India ops is seen as a move to conquer the Indian online retail market, and cut further into Flipkart's pie.

Jul 6, 2017

Key Indian equity market indices open higher

Nasdaq closed in green, up by 0.66 percent while FTSE 100 was up by 0.14 percent at the closing on Wednesday.

Jul 6, 2017

Microsoft employees prepare for massive layoffs likely to begin on Thursday

While the job cuts have been predicted for quite some time, it is now being said that Microsoft's corporate rejig is likely to begin on Thursday, July 6.

Jul 6, 2017

Indian equity markets close with marginal gains

The 30-scrip Sensex ended 36 points higher at 31,245 points.

Jul 5, 2017

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Wipro announces tie-up with Israel Aerospace Industries

Wipro Infrastructure Engineering (WIN), part of Wipro Enterprises (P) Ltd. and IAI will manufacture composite aerostructure parts and assemblies.

Jul 5, 2017

French IT firm Capgemini likely to hire 20,000 workers in India this year

Apart from its plans of hiring employees this year, Capgemini has also re-skilled about 45,000 of its employees until May in a bid to embrace automation.

Jul 5, 2017

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

Snapdeal reportedly did not explain why it had decided to refuse Flipkart's offer, but the talks regarding the sale are said to be ongoing.

Jul 5, 2017

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SBI, other lenders suffer setback; Essar Steel gets reprieve in loan default case from Gujarat High Court

Estimates put the amount owed by Ruia-controlled Essar Steel at Rs 37,000 crore; the company is one of the 12 defaulters reportedly identified by RBI for swift recovery under insolvency code.

Jul 5, 2017

Infosys: Employees to get 5-11% annual salary hike, lower than last year; no arrears for 3 months

India's second-largest IT services exporter Infosys gives employees an average hike of 5 to 11 percent as against 6-12 percent last year.

Jul 5, 2017

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

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Liquor stocks rally after Supreme Court gives relief to bars, pubs in cities

United Spirts, Khoday, Jagatjit, Globus Spirits gain sharply on the back of Supreme Court making an exception to bars, pubs and hotels located within cities.

Jul 4, 2017

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IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Krishnamurthy Shankar said that as the industry grows at a rapid pace each year, employees will definitely need to keep up with the changing standards.

Jul 4, 2017

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Highlights of Axis Bank annual report FY2017

Credit cards, retail lending, digital banking, focus on SMEs and consolidating position debt markets are key extracts from Axis Bank's annual report for 2017.

Jul 4, 2017

Expensive digs: Post GST, luxury will come at a cost

Luxury apartments will be more expensive under the GST regime, but a developer will be eligible to avail of full credits on procurements upto the fresh tax liability.

Jul 4, 2017

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ICICI Prudential Life, Tata Steel, Ashok Leyland hit fresh 52-week highs

The Sensex was trading almost flat but select stocks such as Ashok Leyland, Godrej, ICICI Prudential Life, Tata Steel, hit new 52-week highs on BSE.

Jul 4, 2017

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Business news

Amazon invests Rs 1,680 crore in India amid Flipkart and Snapdeal merger talks

Key Indian equity market indices open higher

Microsoft employees prepare for massive layoffs likely to begin on Thursday

Indian equity markets close with marginal gains

Wipro announces tie-up with Israel Aerospace Industries

French IT firm Capgemini likely to hire 20,000 workers in India this year

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

SBI, other lenders suffer setback; Essar Steel gets reprieve in loan default case from Gujarat High Court

Infosys: Employees to get 5-11% annual salary hike, lower than last year; no arrears for 3 months

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Liquor stocks rally after Supreme Court gives relief to bars, pubs in cities

IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Highlights of Axis Bank annual report FY2017

Expensive digs: Post GST, luxury will come at a cost

ICICI Prudential Life, Tata Steel, Ashok Leyland hit fresh 52-week highs

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]