Business news

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Bringing Infosys board, founders on the same page 'doable', says co-chairman

Says that Sikka, who has driven a lot of positive changes after taking over as Infosys CEO, was co-founder Narayana Murthy's choice.

Jul 25, 2017

Cochin Shipyard floats Rs 1,400-crore IPO despite grim shipbuilding prospects

Post IPO allotment, the government will hold a 75 percent share in the shipbuilder, while the balance 25 percent will be held by the public.

Jul 25, 2017

Alphabet adds to cash pile despite higher costs, anti-trust fine

Rising costs, including what Google pays to drive traffic to its search engine, hurt operating margins more than expected,

Jul 25, 2017

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History league: Nifty breaches 10,000 mark, notches up all-time record

The rise in Indian stocks has been primarily fuelled by foreign institutional investors (FIIs) buying.

Jul 25, 2017

Finally some good news techies! Goldman Sachs is hiring engineers in India

Not just lateral hiring, investment bank Goldman Sachs also plans to enhance its campus recruitment this year by up to 25-30 percent as it aims to embrace technology at a larger scale.

Jul 25, 2017

PriceWaterhouseCoopers under fire for alleged tax evasion and criminal intimidation

Sarvesh Mathur, a former CFO at PwC's Indian arm has accused the British audit firm of evading taxes, manipulating books and breaking numerous laws.

Jul 25, 2017

India's Big Steel enigma: Grey hair, red ink, but blue skies?

Highly leveraged steel companies working on thinning margins augur ill for the balance sheets of banks.

Jul 24, 2017

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IT start-up employees are entitled to labour law benefits like provident fund: Govt

Union Minister of State for Labour Bandaru Dattatreya on Monday said employees of tech start-ups can claim benefits like provident funds as part of the labour laws of the country.

Jul 24, 2017

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United Spirits Q1 profit grows 43.6% despite alcohol ban

Company revenues fell to Rs 5,847.7 crore from Rs 5,877.2 crore on back of falling number of retail outlets, alcohol ban.

Jul 24, 2017

PM lauds contributions of CA community, while govt mulls regulatory body

The new agency -- which can have up to 15 members, including the chairman -- is mandated to advise on issues related to audit and accounting standards.

Jul 24, 2017

Feeling the automation heat? ITC Infotech to acquire smaller firms to ramp up digital services game

ITC Infotech is planning to buy out smaller companies valued in the range of Rs 320 crore in a bid to ramp up its game in the digital technology market and innovate AI and Internet of Things.

Jul 24, 2017

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HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

The bank's net profit rose 20.2 percent to Rs 3,894 crore in the first quarter of fiscal year 2018

Jul 24, 2017

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Axis Bank gears up for competition as Amazon makes a bid in the range of Rs 500 crore for Freecharge

It was earlier reported that Axis Bank was leading the race to acquire digital payments platform Freecharge and was even said to be conducting due diligence.

Jul 24, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

Home base: Not briefing Tata trusts on every move I make, says Chandra

Tata group will prune portfolio and sell underperforming firms, says chairman, points out that group has priorities other than Nano.

Jul 23, 2017

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Business news

Bringing Infosys board, founders on the same page 'doable', says co-chairman

Cochin Shipyard floats Rs 1,400-crore IPO despite grim shipbuilding prospects

Alphabet adds to cash pile despite higher costs, anti-trust fine

History league: Nifty breaches 10,000 mark, notches up all-time record

Finally some good news techies! Goldman Sachs is hiring engineers in India

PriceWaterhouseCoopers under fire for alleged tax evasion and criminal intimidation

India's Big Steel enigma: Grey hair, red ink, but blue skies?

IT start-up employees are entitled to labour law benefits like provident fund: Govt

United Spirits Q1 profit grows 43.6% despite alcohol ban

PM lauds contributions of CA community, while govt mulls regulatory body

Feeling the automation heat? ITC Infotech to acquire smaller firms to ramp up digital services game

HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

Axis Bank gears up for competition as Amazon makes a bid in the range of Rs 500 crore for Freecharge

NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Home base: Not briefing Tata trusts on every move I make, says Chandra

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]