Business news

Sensex tanks 355 points on global growth concerns

Except for oil and gas and power sector stocks all the sectors on both BSE and NSE ended in the red led by finance and banking stocks.

Mar 25, 2019

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Naresh Goyal quits as Jet Airways chairman, stake slashed to 25%

Ahead of the crucial jet Airways board meeting on Monday, speculation was rife that Goyal would step down, meeting a key demand of prospective rescuers.

Mar 25, 2019

Heart over head, poor acumen and lack of foresight? Mindtree's parallels with Infosys

L&T has deployed Rs 10,733 crore war chest to accumulate 66.41% of Mindtree shares after buying up Café Coffee Day founder VG Siddhartha's 20.32% stake.

Mar 25, 2019

TCS' $420 million 'data theft' case filed by Epic Systems moves to higher US court

US-based Epic Systems had filed a case against TCS, accusing the Indian IT giant of stealing its intellectual property. It said that employees of the firm had created a fake user account and stole over 6,000 confidential details on Epic's system development information.

Mar 25, 2019

Jet Airways founder Naresh Goyal to quit as chairman today - report

The report also said that Jet's lenders may invoke Goyal's entire stake in the airline, and start looking for a new buyer in the coming weeks.

Mar 25, 2019

Can Mukesh Ambani's Reliance use Chinese example for Venezuela oil trade?

World's largest refiner Reliance could beat US sanctions and benefit from 15-year trade contract by the use of corporate entities without exposure to the US financial system

Mar 23, 2019

Ola's aggregator license suspended in Bengaluru for 6 months, around 300 vehicles impounded

Ola told International Business Times, India, that they are evaluating all options to find an amicable solution.

Mar 22, 2019

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Facebook confesses to storing 600 million users' passwords in plain text for years

The bug was unearthed during a security review in January and was reported by Brian Krebs, a cybersecurity writer. Facebook, in a blog post, explained the situation and said that they have fixed the bug.

Mar 22, 2019

Are Mindtree founders foolish, lower middle class folks?

Builders have arrived with excavators, bulldozers, chainsaws and cranes to destroy the tree, says Mindtree founder Subroto Bagchi.

Mar 22, 2019

Oracle India joins tech giants announcing massive restructuring, sacks 100 employees

Software developers, quality assurance and documentation professionals have been badly impacted by the announcement.

Mar 22, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Jet Airways pilots say they pawn mothers' jewels to survive without salaries

Etihad has refused to further invest in Jet Airways and it is still uncertain if State Bank of India (SBI), which leads a group of lenders, will be able to figure out a turnaround.

Mar 22, 2019

You will now get free Wi-Fi at Cafe Coffee Day outlets across Bangalore and New Delhi

Who is VG Siddhartha? The restless entrepreneur and sagacious investor

Cafe Coffee Day founder Siddhartha offloaded his 20.32 per cent stake in Mindtree that he picked up over the years for an estimated Rs 340 crore for a whopping Rs 3,270 crore.

Mar 22, 2019

MakeMyTrip files case against EaseMyTrip; does brand name-identical Google Adword infringe IPRs?

MakeMyTrip claims EaseMyTrip's use of the Adword is in violation of the trademark law and has raised the cost of its Google Search Network advertisements.

Mar 21, 2019

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Will Nirav Modi's extradition be quicker than Vijay Mallya's?

The CBI and ED officials feel that they can get Nirav Modi to India in six months. Both the Indian and the UK authorities have called the fugitive diamantaire's arrest as a "big success".

Mar 21, 2019

Nearly 260 Jet Airways pilots appear for SpiceJet interview ahead of April 1 strike

This comes days before the April 1 deadline that the pilots have set to stop flying unless their dues are cleared or a letter of intent is signed saying that their dues will be cleared. The staff — pilots, aircraft engineers and the senior management — is known to have three-months of payment due.

Mar 21, 2019

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