Business news

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani-led Reliance Industries acquires Radisys for $74 million

Reliance Industries Limited has signed a deal for a 100 percent stake in Oregon-based Radisys Corporation.

Jun 30, 2018

Nissan to launch its first global digital hub in Thiruvananthapuram, Kerala

Nissan plans to start many global hubs in Asia, Europe and North America with digital technology as the key theme. The first global digital hub will be located at Technopark in the capital city of Kerala.

Jun 29, 2018

Who will be next ICICI Bank chairman? Frontrunner loses out; ex-bureaucrat emerges dark horse

ICICI Bank chairman RK Sharma's terms ends tomorrow. In the running are former bureaucrats Shaktikanta Das, D K Mittal, Tapan Ray C B Bhave. Former Bank of Baroda Chairman and Managing Director MD Mallya, a frontrunner in the beginning, has apparently lost out after he was interrogated in the Rotomac loan scam.

Jun 29, 2018

Indian traders vs Walmart: Nationwide protest against US retail giant on July 2

Walmart might have cut a hot deal with Flipkart but it's burning the traders in India. The massive nationwide protest next week will see over 7 lakh farmers and traders protesting against the US-based multinational retail corporation.

Jun 28, 2018

Adani Group to take over Anil Ambani's Reliance Energy, sale approved by Maharashtra Electricity Regulatory Commission

MERC has approved the 100 percent stake sale of the struggling Reliance Infrastructure to Adani group. The transaction is estimated at around Rs. 18,800 crore.

Jun 28, 2018

Relief for taxpayer? Government won't set up 'bad bank' to flush your money down the drains

The idea of a bad bank resurfaced after state-run banks suggested the creation of an asset reconstruction company to tackle the bad loans.

Jun 28, 2018

Vodafone Idea Limited to emerge as numero uno in Indian telecom market

Vodafone and Idea are currently the second and third-largest telecom providers in the Indian market. The new Vodafone Idea Ltd will dominate the customer base, pushing aside current big players, Bharti Airtel and Reliance Jio.

Jun 27, 2018

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IT department attaches Benami properties worth Rs 43 billion

The Benami legislation came into existence in 1988. It was refined and made more stringent by the Narendra Modi government in November 2016.

Jun 26, 2018

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Policybazaar enters unicorn club with SoftBank-led $200 million funding

It became the second Indian startup in as many weeks after Swiggy, a food delivery tech startup to join the Unicorn club.

Jun 26, 2018

EU in agreement with Amazon, eBay to tackle dangerous product listings

The European Commission has signed an agreement with four major online retailers to combat the listing of dangerous products on Europe's online shopping sites.

Jun 26, 2018

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