Business news

Insolvency proceedings: Banks to refer 25 of 28 firms on RBI's second list to NCLT

Companies like Videocon Industries, Anrak Aluminium and Jayaswal Neco Industries are there in the second list of defaulters prepared by RBI.

Dec 31, 2017

Why buy a Harley Davidson when you can rent the 'wicked' ride in Bengaluru? [VIDEO]

In an exclusive interview with Danish Manzoor, Executive Editor, IBT India, Vivekananda Hallekere, Co-Founder Wicked Ride and Metro Bikes, spoke about how his business is helping today's working group cope with the fast moving world with his metro bikes.

Dec 30, 2017

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From Sundar Pichai to Satya Nadella, top 10 CEOs with Indian roots

"Focus on education is a big strength. I want to see the young people focus on creativity and take more risks,"said Sundar Pichai while interacting with students from IIT (Indian Institutes of Technology) Kharagpur.

Dec 30, 2017

Corporate governance: Over 150 independent directors quit in last two months

With a surge regulatory scrutiny, more independent directors might quit in the future.

Dec 29, 2017

Govt cautions on investing in Bitcoin, says virtual currencies are like ponzi schemes

The Union finance ministry stated that there is a real and heightened risk of investment bubble of the type seen in ponzi schemes.

Dec 29, 2017

Considerable number of stressed accounts to be resolved in 2018, says SBI chief

"If promoters are willing to settle and there are good quality assets, then there is no need for banks to take any haircuts," said Rajnish Kumar.

Dec 29, 2017

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RBI will not allow deadline extension for second list of loan defaulters

The RBI also declined to accept any other demand including the process related to settle the matter and restructure outside the court.

Dec 29, 2017

Indian IT giant TCS faces law suit in US over anti-American bias

The judge has also expanded the case into a class action on behalf of American workers who lost their jobs at TCS offices in the US

Dec 28, 2017

Zero power cut for all by March 2019; inverter business in India might plunge

A new law will be enacted to impose penalties on power distributors if they failed to provide an uninterrupted power after March 2019.

Dec 28, 2017

New Delhi, IndiaPatients and their attendants wait outside the Out Patient Department (OPD) at a government-run hospital in New Delhi, India, November 22, 2017. Picture taken November 22, 2017. REUTERS/Saumya Khandelwal

Govt hospitals might hire private doctors at higher or equal salaries

Although in times of shortage, some states and even Centre hire doctors on contract basis but most of the private doctors refuse to serve because of lower salaries.

Dec 28, 2017

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At Rs 9.5 lakh crore, bad loans post India at fifth among nations with high NPA problem

India's non-performing assets (NPAs) are one of the highest in the group of 'high-NPA' nations. Only four European nations have higher stressed assets.

Dec 28, 2017

SEBI says Axis results leaked, orders lender to investigate

The SEBI order comes after Reuters reported last month that Axis Bank was among 12 companies where messages about quarterly results or other key financial details were circulated through WhatsApp.

Dec 28, 2017