Business news

Startup bigwigs to attend PM's Start-up India event on 16 January

Google Inc will run a session titled 'Launchpad Accelerator', where early-stage start-ups can win $50,000 in investment.

Jan 6, 2016

Wipro to announce a new organisational structure soon

If the company adopts the model in the new structure, then the COO would be seen as the next top level executive after CEO.

Jan 6, 2016

US Justice department sues Volkswagen for $48 billion for violating environmental laws

The civil lawsuit, announced on Monday, reflects the growing number of allegations against VW

Jan 6, 2016

Bajirao Mastani mints money at box office but Eros share languishes

The share price of Eros has been on a downhill ever since "Bajirao Mastani" was released.

Jan 5, 2016

Income tax officials raid Apollo Hospitals

The group is expected to issue a statement later in the day.

Jan 5, 2016

Indian stock markets end trading with modest losses; TCS in race to acquire Dell's Perot Systems

The S&P BSE Sensex lost 43 points while the Nifty closed 7 points down at 7,784.

Jan 5, 2016

Mary Barra elected as chairman of GM Board of Directors

Barra has been serving as CEO of the company since 15 January, 2014.

Jan 5, 2016

Crude oil prices may fall to $30 a barrel in 2016: UBS

A fall in US oil production is expected to help the oil market to rebalance, says UBS.

Jan 5, 2016

Grofers closes operations in nine cities due to poor take off

Currently, Grofers operates in Mumbai, Delhi-NCR, Bengaluru, Pune and a few other cities

Jan 5, 2016

EMC plans layoffs to trim costs by $850 million

The layoffs are planned "to keep pace" with changing landscape of the industry, EMC said in filing.

Jan 5, 2016

TCS still intent on buying Perot Systems: Reports

Dell had bought Perot Systems, which provides IT consulting to hospitals and government agencies, in 2009.

Jan 5, 2016

L&T Infotech gets regulator's nod to issue Rs 2,000 crore IPO

The company will issue 1,75,00,000 equity shares with face value of Re 1 each through the offer.

Jan 5, 2016

Goldman Sachs invests $66 million for minority stake in Indian hotel firm Samhi

A gradual recovery in Asia's third-largest economy is boosting demand for hotel rooms.

Jan 5, 2016

China halts stock trading after 7% slump activates circuit breaker

Chinese stock trading was halted on the first day of trading in 2016 after the CSI 300 Index plunged more than 7 percent.

Jan 4, 2016

Wipro shuffles leadership, elevates Abidali Neemuchwala and TK Kurien

Group president and COO Abidali Z Neemuchwala is the new CEO and TK Kurien has been elevated to the position of executive vice-chairman.

Jan 4, 2016

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