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Post-merger, SBI opens with 500 million customers

Five associate banks of State Bank of India (SBI) and Bhartatiya Mahila Bank merged with the SBI effective from April 1, 2017.

Apr 3, 2017

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Narayana Murthy criticises Infosys COO Pravin Rao's salary hike

In an email, the Infosys founder said it was "not proper" for the company to increase the compensation for a top level person by 60-70 percent when it was raised for most employees by 6-8 percent.

Apr 3, 2017

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Royal Enfield motorcycle sales rise 31% in FY17

Sales of Royal Enfield motorcycles stood at 6.66 lakh units in 2016-17 as against 5.08 lakh units in 2015-16.

Apr 1, 2017

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Sun Pharma, Aurobindo, Lupin, Cipla witness fall in US sales

Sale of generic drugs in the US during the past seven months shows interesting trends.

Mar 31, 2017

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Huawei reports 32% rise in sales in 2016 but profit remains flat

In 2016, Chinese tech firm Huawei saw its sales grow 32 percent to $75.1 billion, yet net profit was flat at $5.3 billion.

Mar 31, 2017

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Why associate bank employees are unhappy as five banks merge with SBI

The biggest grievance is the provident fund (PF) benefit which is being extended to these employees is with effect from April 1, 2017, and not their dates of joining.

Mar 31, 2017

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Kotak Mahindra Bank unveils digital banking initiative '811'

"811" offers a zero balance savings account with zero charges for all digital transactions.

Mar 31, 2017

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NPCI, Reliance Retail launch in-store UPI payments facility

The in-store UPI payment facility is currently live in more than 200 Reliance Retail stores in Mumbai across formats.

Mar 31, 2017

Amazon CEO Jeff Bezos, amazon share price, amazon acquires souq

Souq acquisition lifts Amazon's share price; founder Jeff Bezos becomes world's second-richest man

Jeff Bezos has a net worth of $75.6 billion, $700 million more than Berkshire Hathaway Inc.'s Warren Buffett.

Mar 30, 2017

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Gold mine with reserves of 550 tonnes found in China; Yellow metal discovered in India too

China's Shandong Gold Group said 382 tonnes of gold reserves have been detected till now in the Shandong Province.

Mar 30, 2017

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Saudi Aramco formally appoints banks to advise on share sale

JPMorgan Chase & Co, Morgan Stanley and HSBC have been appointed as international financial advisers for the initial public offering, say sources.

Mar 30, 2017

Four coolest sightings from the planet Mars

From Martian Iguana to blue sunsets, check out the four coolest sightings spotted in Mars in the last decade.

Mar 30, 2017

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Nomura elevates Prabhat Awasthi as India head

Vikas Sharma, current Head of India, has been elevated to Head of Asia ex-Japan.

Mar 30, 2017

Lord Michael Heseltine: Brexit spits in the wind of every Conservative prime minister

Speaking to IBTimes UK on 29 March, the day Article 50 was officially triggered, Conservative politician Lord Michael Heseltine said that Brexit was a serious diminish in British power and influence. Sir Tim Barrow, the British Ambassador to the EU, handed Donald Tusk a letter signed by May signalling the UKs desire to begin formal divorce proceedings.

Mar 29, 2017

‘We miss you already’: EU’s Donald Tusk accepts Brexit notice

After receiving Theresa Mays Brexit notice, Donald Tusk says that the European Union is unhappy Britain is leaving, but the other 27 states are now more united and will protect their interests.

Mar 29, 2017