Business news

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Catholic Syrian Bank mulls IPO again: Report

The Kerala-based private bank could not succeed in selling stake to Prem Watsa's Fairfax Financial Holdings and is now exploring listing as an option.

Jul 13, 2017

Vijat Mallya, India cricket, Champions Trophy, Virat Kohli's charity event

Washing up: Vijay Mallya laundered Rs 1,301.67 crore, says Enforcement Directorate

The agency alleged that the only purpose of 13 shell companies under Mallya's control was to either obtain loans or launder money.

Jul 13, 2017

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BSNL undersea cable project puts Modi govt in a spot: Report

The project envisaging undersea cable, connecting Chennai and Port Blair, assumes significance in the context of the Sikkim standoff between India and China.

Jul 13, 2017

TCS to shut down Lucknow operations leaving 2,000 IT employees in limbo

The employees of Tata Consultancy Services' Lucknow office, whose future now seems uncertain, have written to Uttar Pradesh Chief Minister Yogi Adityanath requesting an intervention

Jul 13, 2017

Walmart's 15 new stores in Maharashtra set to create about 30,000 jobs in the state

The new Walmart outlets in Maharashtra will be operational in the next two years and will an investment of Rs 900 crore, it will create about 30,000 direct and indirect jobs.

Jul 13, 2017

Google acquires Bangalore's 4-month-old artificial intelligence firm Halli Labs

The Bangalore-based start-up, Halli Labs that is just four months old, works towards building deep learning and machine learning systems and has now been acquired by Google.

Jul 13, 2017

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Market at new high on inflation data for June; Sensex crosses 32,000, Nifty nears 9,900

Retail inflation hit a new low of 1.54 percent for June, buoying hopes of a rate cut by the Reserve Bank of India (RBI) when it meets for its next monetary policy meeting.

Jul 13, 2017

Nitin Seth new chief people officer at Flipkart

Former COO Nitin Seth sends Flipkart legal notice over the way he was fired

Ex-COO Nitin Seth believes that he was illegally ousted and hence has decided to take legal action against e-commerce giant Flipkart

Jul 13, 2017

wipro, wipro lighting, wipro mysuru unit shuts down

Wipro closes down Mysuru manufacturing unit: Report

Lack of demand for CFL products and preference for LED equipment forced Wipro to shut down the Mysuru unit and give VRS to 84 workers.

Jul 12, 2017

SBI not rushing towards bankruptcy code due to lack of ecosystem, says chairperson Arundhati Bhattacharya

Last month, the apex bank had identified 12 large accounts with exposure of more than Rs 5,000 crore and more than 60 percent of which is recognised as NPAs.

Jul 11, 2017

Tata Steel sells two UK pipe mills to Liberty House Group

The mills in Hartlepool employ 140 people and have a production capacity of over 250,000 tonnes a year.

Jul 11, 2017

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Nifty hits all-time closing high, about 200 points away from 10,000

The NSE Nifty closes at 9,786 while the 30-scrip Sensex ends at 31,747.

Jul 11, 2017

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Air India sale: India is a target for foreign airlines, PE investors, says report

Fast-growing domestic air traffic business makes India an attractive destination.

Jul 11, 2017

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Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further.

Jul 11, 2017

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IT layoffs: Hyderabad High Court issues notice to Tech Mahindra for illegal job cuts

Hyderabad High Court's Justice M S Ramachandra Rao issued notices to Tech Mahindra and the state of Telangana for unlawful job cuts, and they will have three weeks to respond.

Jul 11, 2017

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Business news

Catholic Syrian Bank mulls IPO again: Report

Washing up: Vijay Mallya laundered Rs 1,301.67 crore, says Enforcement Directorate

BSNL undersea cable project puts Modi govt in a spot: Report

TCS to shut down Lucknow operations leaving 2,000 IT employees in limbo

Walmart's 15 new stores in Maharashtra set to create about 30,000 jobs in the state

Google acquires Bangalore's 4-month-old artificial intelligence firm Halli Labs

Market at new high on inflation data for June; Sensex crosses 32,000, Nifty nears 9,900

Former COO Nitin Seth sends Flipkart legal notice over the way he was fired

Wipro closes down Mysuru manufacturing unit: Report

SBI not rushing towards bankruptcy code due to lack of ecosystem, says chairperson Arundhati Bhattacharya

Tata Steel sells two UK pipe mills to Liberty House Group

Nifty hits all-time closing high, about 200 points away from 10,000

Air India sale: India is a target for foreign airlines, PE investors, says report

Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

IT layoffs: Hyderabad High Court issues notice to Tech Mahindra for illegal job cuts

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]