Business news

Infosys invests in Stellaris Venture Partners

The IT services firm will pump in Rs 31.6 crore in this early-stage venture fund, making it company's second such investment.

Nov 23, 2016

Airtel Payments Bank offers hefty interest rate on savings bank deposits

It became the first payment bank to launch operations Wednesday post issuance of licences by RBI in August, 2015.

Nov 23, 2016

Zee Entertainment acquires TV business of Reliance Capital

Proceeds from the sale will help Reliance Capital reduce its debt by Rs 1,900 crore.

Nov 23, 2016

39 Indian drug companies blacklisted by Vietnam

A similar ban imposed by Vietnam imposed on 45 Indian companies in 2014 caused a significant dip in export of Indian pharmaceutical products to Vietnamese market.

Nov 23, 2016

Facebook looking to get back into China?

Will new censorship tool from Facebook pave way for its entry into Chinese markets?

Technology companies have to comply with Chinese Internet censorship laws if they want to operate from China.

Nov 23, 2016

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ICICI Bank waives MDR on debit cards to blunt demonetisation effect, boost digital payments

Merchant discount rate (MDR) on debit cards won't be charged from November 23 to December 31 2016, says ICICI Bank.

Nov 23, 2016

Subhash Chandra, Dilip Shanghvi in race for oil blocks

Auction of small oil and gas blocks held on Monday witnessed huge interest from domestic firms.

Nov 23, 2016

Sun Pharma to acquire Russian firm Biosintez for $60 million

The proposed acquisition is part of the Indian company's renewed focus on emerging markets with high potential for future growth.

Nov 23, 2016

Ratan Tata tried to sell TCS to IBM: Cyrus Mistry

In his letter, Mistry seeks to set the record straight by responding to a statement by Tata Sons on November 10.

Nov 23, 2016

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L&T cuts 14,000 jobs between July-September; net profit up 84%

The company's net profit rose to Rs 1,434 crore during the second quarter.

Nov 23, 2016

Samsung offices raided as South Korean scandal grows

Prosecutors raided premises of Samsung Electronics and country's largest pension fund- NPS as part of their ongoing investigations into alleged influence-peddling by President's close aide.

Nov 23, 2016

Indian indices trade with marginal losses

Profit booking by traders coupled with fears of a near-term slowdown kept indices under pressure on Wednesday.

Nov 23, 2016

Lufthansa cancels 876 flights due to pilots' strike

The cancellation of Lufthansa flights is estimated to hit around 100,000 passengers.

Nov 22, 2016

Supreme Court dismisses Rs 4,800 crore tax liability on R-Com

SC rejects the SLP filed by the Income Tax department against R-Com treating the proceeds from foreign currency convertible bonds as 'unexplained cash credits'

Nov 22, 2016