Business news

Thousands left jobless in Tamil Nadu as small, medium industries close

Sharp decline in number of registered MSME industries, employees due to several issues. Many cite Good and Services Tax or GST as key factor for the fall.

Jun 9, 2018

Organic growth or aggressive approach? Why Infosys needs to decide soon

With global IT majors like Capgemini and Accenture gaining market share with their aggressive approach to acquisitions, many are of the opinion companies like Infosys should decide if they want to remain without acquisitions and stick to good old organic growth.

Jun 9, 2018

Why Infosys Needs to Decide Whether It Wants to Grow Organically or Inorganically

The dramatic exit of former Infosys CEO Vishal Sikka last year saw uncertainty looming over the IT company's future.

Jun 8, 2018

Who is the Indian business magnate who refused salary hike for 10 years consecutively?

The Reliance Industries chairman and the richest Indian with a net worth of $40.1 billion has not taken a pay hike for the 10th year in a row. However, other directors and key managerial personnel got a pay hike of around 13 percent.

Jun 8, 2018

Air India seeks short-term loans worth Rs 1,000 crore to stay afloat, but for how long?

After a flop show of the majority stake sale, AI has sought for Rs 1,000-crore STLs as it struggles to stay afloat amidst mounting debt.

Jun 8, 2018

Emmanuel Macron Compares Trump Phone Calls To Sausages

French President Emmanuel Macron meets Canadian PM Trudeau ahead of G7 Summit

US tariffs and punitive actions taken by the European Union and Canada have widened the gap between leaders threatening the start of a trade war.

Jun 7, 2018

softbank, softbank investments in startups, softbank invesments in india, softbank chairman masayoshi son, indian startups, softbank invests in wework

Why Softbank's proposed investment in the Indian solar industry can be a game changer

Softbank is expected to invest as much as $50 Billion in making batteries and storage cells, which are the hardware on which the solar panels run.

Jun 7, 2018

Who is Nikesh Arora? New CEO of Palo Alto Networks gets a whopping $128 million package

Nikesh Arora begins his role as the CEO and chairman at Palo Alto on Wednesday, June 6. The 50-year-old is also investing about $20 million (about Rs 130 crore) in shares of Palo Alto, apparently to prove his loyalty to the company.

Jun 6, 2018

Howard Schultz steps down as Starbucks chairman, may consider a future in politics

The chairman, known for his strong opinions, says he is mulling his options and has not ruled out running for President.

Jun 5, 2018

Chinese regulators begin probe into Samsung Elec, SK Hynix

A Samsung spokesman said the company was cooperating with the Chinese authorities, but did not provide more details on the visit.

Jun 5, 2018

2019 Startup World Cup by Fenox Ventures

The Birth of the Second Generation Union

The financial services market is expected to invest close to €1.2 billion (roughly $1.4 billion) by 2021 to implement blockchain technology for cross-sector remittance and payments.

Jun 4, 2018

Reliance Group raises Rs 1,400 cr by listing UK-based Codemasters

According to Reliance Group, it has monetised approximatley 60 percent stake in Codemasters, and will continue holding 29 per cent post this offering.

Jun 1, 2018

Did ICICI bank ask tainted CEO to go on leave? Shares rise 3% as Chanda Kochhar moves on

ICICI Bank has denied it has asked tainted CEO Chanda Kochhar to go on leave. Earlier, a pink daily reported that the board decided that Kochhar should stay away until a probe into alleged irregularities in the Videocon loan was over. The report had also discussed a succession plan at ICICI bank.

Jun 1, 2018

Mahindra signs MOUs with Government of Maharashtra

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Mahindra signs MOUs with Maharashtra government for electric vehicle manufacture, deployment

Mahindra & Mahindra plans to become fully electric ready by further investing in its Chakan plant for the manufacture of EVs, e-motor, controller, battery pack and other electric vehicle components for multiple mobility applications.

Jun 1, 2018

Asia stocks slump as US tariffs fan trade war fears

Fears of a global trade conflict were rekindled as Washington's allies took steps to retaliate against the US measures. The country has said that it would impose tariffs on aluminum and steel imports from Canada, Mexico and the EU.

Jun 1, 2018

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