Business news

Sebi Bans Over 900 Entities Involved in Converting Black Money into Legitimate Funds: Report

Chairman UK Sinha says Sebi has acted against these entities as it suspects tax evasion to the tune of Rs 6,000 crore.

Jul 22, 2015

Indian Railways Partners With KFC To Bring Finger Lickin' Good Meals On Trains

It's finally time to end food challenges on trains as the IRCTC has entered into a deal with renowned fast food restaurant chain, KFC, to bring appetizing meals for travelers.

Jul 22, 2015

Microsoft's Bill Gates, Wife Ranked World's Richest Couple

Facebook co-founder Mark Zuckerberg and his 30-year-old wife Priscilla Chan are currently the youngest couple in the world's top ten wealthiest couples.

Jul 22, 2015

Accenture to Abandon Annual Employee Performance Reviews, Rankings

The company plans to implement the new measures starting from September this year.

Jul 22, 2015

Gold Prices Slump: Banks Ask Customers to Pre-Pay Part of Gold Loan Amount Immediately

Gold prices fell on Tuesday to close at Rs 25,400 per 10 grams.

Jul 22, 2015

Vedanta May Announce Significant Job Cuts as Aluminium Prices Slide

Vedanta and Hindalco are seeing their profit margin decline by 75% due to lower aluminium prices

Jul 22, 2015

Australia's ANZ Set to Open Branch in Gurgaon

Australia's No. 3 lender, which is already present in Mumbai and Bengaluru, plans to open another site in outer Bengaluru,

Jul 22, 2015

Will Infosys Regain Lost Ground?

Infosys reported a sharp decline in attrition rate to 14.2% in the June quarter as against 23.4% in the same period a year ago.

Jul 21, 2015

Sun Pharma Shares Plunge over 15% on Profit Warning

Brokerages remain mixed over the outlook for stock prices of Sun Pharma.

Jul 21, 2015

Gold Prices Could Fall Further over Next 12 Months

A rise in China's gold reserves did not underpin the gold prices.

Jul 21, 2015

Toshiba CEO Steps Down Amid Accounting Scandal; Masashi Muromachi to Take Over

CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement.

Jul 21, 2015

Infosys Profit Up by 5% in Q1, Shares Soar 10%

Analysts said that the company is making a progress due to various strategies initiated by its newly-appointed CEO Sikka.

Jul 21, 2015

PayPal valued at about $52bn in market return

PayPal Holdings shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on 20 July, valuing the company at about $52bn (£33.4bn).

Jul 20, 2015