Business news

Cracking 'shells': Can Sebi bring Launderers Anonymous to book with sheer zeal?

SEBI and investors face uncertain tides as the market regulator weeds out shell firms in the corporate ocean.

Aug 14, 2017

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NCLT approves Reliance Communications-Aircel merger, Brookfield deal

The tribunal on Monday overruled objections of Bharti Infratel, GTL and Ericcson.

Aug 14, 2017

RIL, BP to submit revised investment plan for KG-D6 gas finds

The government had in 2012 approved a $1.529-billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of KG-D6 by 2016-17.

Aug 14, 2017

Sahara looking to net Rs 37,000 crore with Aamby Valley sale

The auction notice was published inviting potential bidders for the city's sale.

Aug 14, 2017

No layoffs, TCS to stay in Lucknow for 2 years; do we hear a sigh of relief?

Tata Consultancy Services has said that it doesn't plan to lay off employees and the firm will continue to operate its Lucknow office for another two years.

Aug 14, 2017

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017

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Digi attrition: SBI trims staff on back of active digitisation

SBI will cut staff strength and redeploy more than 10,000 employees following the merger of its six associate banks and digitisation.

Aug 14, 2017

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Will Narayana Murthy return to Infosys as talks of his role as chairman-emeritus heat up?

While Mohandas Pai had earlier said that Infosys should bring Murthy back as chairman emeritus, his thoughts have been echoed by former chief financial officer of Infosys V Balakrishnan.

Aug 14, 2017

Top 14 Indian stocks from Mega Cap space: Morgan Stanley report

The country continues to gathers more weightage in the MSCI Emerging Market Index as it leads its peers with a 7 percent growth rate.

Aug 14, 2017

Builders, brokers, Bollywood under SEBI scanner for black money

Markets regulator the Securities and Exchange Board of India (SEBI) has begun shooting off show-cause notices to 331 listed entities, suspected to have acted as 'shell companies' for those with illicit funds.

Aug 14, 2017

SEBI to come up with norms for crowdfunding soon

Sebi might exempt crowdfunding activities from the private placement norms of the Companies Act as well.

Aug 14, 2017

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Indian Railways to earn Rs 500 crore from Wi-Fi video entertainment

Giant video content providers like Viacom18, Zee, Hungama and Shemaroo are eager to bid for the rights to provide video content on 3,000 trains through wireless intranet.

Aug 14, 2017

No recharge: Let down by policy engine, Tesla unlikely to pursue India plant

The government's 'Make in India' push mandates 30 per cent local sourcing, which Tesla feels will pose impediments to its India plans.

Aug 13, 2017

Indian Oil Corp writes new shale tale, fetches first consignment from US

In a first, IOC had last month sealed a deal to import 1.6 million barrels of Mars crude from the US and 400,000 barrels of Western Canadian Select oil for delivery at its Paradip refinery in Odisha.

Aug 13, 2017