Business news

SBI, Andhra Bank slash their lending rates after repo rate cut by RBI; other banks to follow

While SBI reduced its lending rate by 0.4% to 9.3% per annum, Andhra Bank slashed its interest rate by 0.25%.

Sep 29, 2015

Infosys invests in US-based VC firm to boost presence in start-up space

An Infosys spokeswoman confirmed that the company has invested in Vertex Ventures without giving any details on the transaction.

Sep 29, 2015

Sensex rebounds by 161 points on RBI's surprise rate cut

The Sensex surged by over 400 points to break the 26,000 level in late afternoon session,

Sep 29, 2015

Nestle India ends 12-year contract with Maggi manufacturer

SAJ Food Products is the "lone third party producer" of its Maggi noodles.

Sep 29, 2015

Labour: John McDonnell declares tax war on Amazon and Google in fair share warning

Shadow chancellor said a Labour government would aggressively balance the books in power.

Sep 28, 2015

Accenture's muted guidance clouds Indian IT companies' double-digit growth

"The guidance is a sentiment negative for Indian IT," said Religare.

Sep 28, 2015

Sensex falls by 246 points ahead of crucial RBI meeting

Shares of Infosys and Wipro ended in red following a sharp recovery in the rupee.

Sep 28, 2015

Charlize Theron issues a call to action for AIDS prevention

South African-born film star Charlize Theron issued a call to action for HIV and AIDS prevention and used startling statistics about the infection rates among young women and girls. Speaking to a United Nations panel called Ending the AIDS epidemic by 2030 on 27 September. Theron detailed stories from young women and girls she has met.

Sep 28, 2015