Business news

Who is Sachin Bansal? Things to know about the co-founder of Flipkart

When IIT Delhi graduates Sachin Bansal and Binny Bansal, two former employees of Amazon, invested four lakh in a start-up venture called Flipkart, little did they know that it would revolutionize online shopping in India.

May 10, 2018

Walmart buys 77 percent stake in India's Flipkart for $16 billion

The investment was more than the $10-12 billion given by sources close to the deal in the past week.

May 9, 2018

Maruti Suzuki recalls 52,686 new Swift, Baleno units: Is your car affected?

Maruti Suzuki claims the recall will inspect for a possible fault in the brake vacuum hose. A total of 44,982 units of the new Swift and 7,704 units of Baleno are covered under the service campaign.

May 8, 2018

Apple surprises with solid iPhone sales, announces $100 billion buyback

Apple bought $23.5 billion of stock in the March quarter and said it planned to hike its dividend 16 percent, compared with a 10.5 percent increase last year. Analysts believe the heavy emphasis on buybacks will bolster share prices.

May 2, 2018

U.S. judge blocks Fujifilm, Xerox merger temporarily

The preliminary injunction came a day after the companies reopened deal talks on their $6.1-billion merger. They are discussing a higher price after Xerox, under pressure from top investors, asked to renegotiate the terms.

Apr 29, 2018

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Jet Airways offers discount on premiere, economy flight tickets

Jet Airways is offering 30 percent discount on base fare in economy flights flying from India to select destinations in Europe.

Apr 25, 2018

Analysts still prefer Infosys over TCS despite bullish outlook, market cap boost

TCS' market capitalization reached the $100 billion mark on Monday, rising high above analysts' expectations of where its valuation should be.

Apr 24, 2018

"Beautiful girls needed", "male only": Sexist job ads common at China tech giants

The report published by Human Rights Watch says that discrimination in hiring by Chinese government authorities and private companies is contributing to a widening gender gap in the country.

Apr 24, 2018

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Fuel prices: Modi's undoing or the silver bullet for last leg?

There's no plan to roll back free market pricing. There's no plan to pare excise duties. There's no reliable plan to bring fuel prices under GST. Worse off, global crude prices are likely to increase this year.

Apr 23, 2018

TCS worth $100 billion: First Indian IT company to touch this value

Shares of the Mumbai -based company moved nearly 4 percent higher Monday, extending their Friday's surge, making it the first Indian company in a decade to achieve this mark.

Apr 23, 2018

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TCS set to become 1st Indian company with $100 billion market cap

By scaling $100 billion, TCS is set to join the league of the 100 most valuable companies in the world. TCS will be the 2nd Indian company to achieve the milestone after Reliance Industries. Mukesh Ambani-led Reliance Industries had crossed the mark in October 2007.

Apr 21, 2018