Business news

Trouble mounts for Vijay Mallya: IT dept warns against buying company shares in e-auction

Over 41 lakh equity shares of United Racing and Bloodstock Breeders Ltd (URBBL) were put up for sale through e-auction by Debt Recovery Tribunal-II on September 29. The auction is set to take place on October 30.

Oct 26, 2018

Bengaluru: ED raids Amnesty International office for alleged violation of FDI guidelines

In a statement later, the economic intelligence agency said Amnesty had received Rs 36-crore foreign funds till date from overseas in violation of the Foreign Direct Investment (FDI) guidelines.

Oct 26, 2018

Fake banks apps on Google Play may have stolen data of thousands of customers: Report

These fake Android apps have the logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps.

Oct 25, 2018

Former Adidas AG executive found guilty in US college basketball bribery scheme

James Gatto, former head of global sports marketing for basketball at the athletic wear company, was convicted of wire fraud by a jury in Manhattan federal court.

Oct 25, 2018

Wipro increase freshers' salaries by Rs 30,000 per annum

TCS has started a national-level test during placements to find those with newer skills, preferably in coding. Infosys is also on a similar path.

Oct 25, 2018

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Net profit at India's top-selling car maker fell to 22.40 billion rupees ($305.76 million) in the quarter ended Sept 30 from 24.84 billion rupees last year as higher crude oil prices and a weakening rupee weighed on consumer demand.

Oct 25, 2018

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Rupee helps IT sector toplines; HCL to recruit 30,000 engineers this year

The Experis IT Employment Outlook Survey said earlier this week hiring in the IT sector will pick up this financial year.

Oct 25, 2018

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

IndiGo, the country's largest carrier with a market share of over 40 percent, reported a loss of Rs 652.1 crore in the quarter ended September 2018. The loss has been attributed to high fuel cost, rupee depreciation and intense competition

Oct 25, 2018

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Sensex hits 7-month low, falls over 400 points amid rout in global equities

Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.

Oct 25, 2018

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Jet Airways, in which Abu Dhabi's Etihad Airways has a 24 percent share, has been looking for suitors ever since it started facing cash flow issues.

Oct 23, 2018

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

However, on the upside, TeamLease said jobs will be created in areas like as project management and IT infrastructure.

Oct 23, 2018

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

For the first time, the cab drivers are demanding a fix minimum fare between Rs 100 and Rs 150 and the charge per km between Rs 18 and Rs 23, depending upon the type of vehicle booked.

Oct 22, 2018

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Business news

Trouble mounts for Vijay Mallya: IT dept warns against buying company shares in e-auction

Bengaluru: ED raids Amnesty International office for alleged violation of FDI guidelines

Fake banks apps on Google Play may have stolen data of thousands of customers: Report

Former Adidas AG executive found guilty in US college basketball bribery scheme

Wipro increase freshers' salaries by Rs 30,000 per annum

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Rupee helps IT sector toplines; HCL to recruit 30,000 engineers this year

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

Sensex hits 7-month low, falls over 400 points amid rout in global equities

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

Jet Airways begins layoffs after month-long lull; asks 15 employees to leave by October-end

Diesel costlier than petrol in Odisha; Oil Minister asks Naveen Patnaik govt to slash VAT

Madhya Pradesh: Over 400 theatres shut down to protest against entertainment tax