Business news

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Ind-Ra forecasts additional provisioning to eat into bank profits by around 25 percent in fiscal 2018.

Jul 18, 2017

Flipkart makes revised offer of about $950 million to buy Snapdeal

Flipkart's new proposal, reportedly made over the weekend, is said to be worth between $900-$950 million and is now being evaluated and discussed by the board of Snapdeal.

Jul 18, 2017

HDFC Life gears up for IPO after scrapping merger with Max: Report

The initial public offering (IPO) of up to Rs 10,000 crore could reportedly value the company at about Rs 50,000 crore.

Jul 18, 2017

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Narayana Murthy reveals he regrets quitting Infosys as chairman in 2014

While Narayana Murthy did say that he regretted leaving, he clarified that he does not really miss being on the campus on a daily basis.

Jul 18, 2017

State of realty: Rotten foundations? Yes; unreal expectations? No

Prices haven't really dropped, new project launches are on full steam, but real estate inventories are more or less intact as demand stays down.

Jul 17, 2017

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SBI Life seeks capital markets regulator's nod for IPO: Report

State Bank of India (SBI) holds 70 percent stake in the company, while 26 percent stake is held by BNP Paribas Cardif.

Jul 17, 2017

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it

Jul 17, 2017

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Number of PSBs may go down to 12 as govt mulls consolidation

The 21 public sector banks are expected to be consolidated to 10-12 in the medium term.

Jul 17, 2017

TCS may further reduce its employee headcount after plans to shut down Lucknow office

While Tata Consultancy Services has said that it may reduce its employee headcount to deal with the economic slowdown, it clarified that it does not plan to lay off its existing employees.

Jul 17, 2017

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Tech Mahindra to hire over 2,000 workers in the US in 2017

Speaking about the US hiring, Tech Mahindra explained that this was in tune with the US government making it clear that it would like companies to hire locals.

Jul 17, 2017

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team.

Jul 17, 2017

TVS Motors plans Rs 500 cr investment in operations this year, new launches

Apache RR to be developed jointly with BMW will be priced at Rs Rs 1.25-1.5 lakh.

Jul 17, 2017

Google to double headcount in its India cloud business to take on Amazon and Microsoft

Google is looking at quite a big growth this year considering the cloud service market is likely to witness a 38 percent growth. Amazon, IBM and Microsoft already have public cloud data centres.

Jul 17, 2017

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This is how Mahindra Group plans to step up its US game

The planned investment will be allocated across business verticals. The growth will be led by Mahindra USA, which is expected to double revenues from $500 million to $1 billion.

Jul 17, 2017

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GMR likely to sell 49% stake in Hyderabad airport to Abu Dhabi Investment Authority: Report

The news lifted the share price of GMR Infrastructure on the BSE in early session on Monday.

Jul 17, 2017

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Business news

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Flipkart makes revised offer of about $950 million to buy Snapdeal

HDFC Life gears up for IPO after scrapping merger with Max: Report

Narayana Murthy reveals he regrets quitting Infosys as chairman in 2014

State of realty: Rotten foundations? Yes; unreal expectations? No

SBI Life seeks capital markets regulator's nod for IPO: Report

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Number of PSBs may go down to 12 as govt mulls consolidation

TCS may further reduce its employee headcount after plans to shut down Lucknow office

Tech Mahindra to hire over 2,000 workers in the US in 2017

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

TVS Motors plans Rs 500 cr investment in operations this year, new launches

Google to double headcount in its India cloud business to take on Amazon and Microsoft

This is how Mahindra Group plans to step up its US game

GMR likely to sell 49% stake in Hyderabad airport to Abu Dhabi Investment Authority: Report

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]