Business news

Sri Sri Ravi Shankar to open 1,000 retail stores to compete with Patanjali

Sri Sri Ravi Shankar will also launch clinics and treatment centres imitating the retailing strategy of Patanjali.

Aug 22, 2017

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Will Vishal Sikka's exit derail Infosys' plans of hiring in US?

With Vishal Sikka's exit as the CEO and MD, questions are being raised on whether Infosys would go ahead with the US plans or the focus would move back to India operations.

Aug 22, 2017

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Coal India and employees union hit stalemate on salary hike as workers demand 21% raise

The union had earlier demanded a 50 percent hike, which brought down to 21 percent. However, the firm has said that it cannot afford such a large hike and can only manage about 15 percent.

Aug 22, 2017

Airtel takes on Jio with its own 4G smartphones at Rs 2,500 for Diwali

Airtel's 4G device will be based on the Android operating system and the telecom provider will allow users to download all apps available on the Google Play app store.

Aug 22, 2017

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Infosys stock hits new low, slammed out of Top 10 market cap league

In the last two trading sessions, investors have lost over Rs 36,500 crore in market capitalisation after the stock tumbled over 18 percent.

Aug 21, 2017

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Rate scare for savers: Not just FDs, an array of small savings become unattractive

A 25 bps RBI rate cut on December 6, the date of the next monetary policy review, appears a definite possibility.

Aug 21, 2017

McDonald's ends CPRL license; 169 outlets in North, East face closure

Connaught Plaza Restaurants Pvt Ltd (CPRL) runs McDonald's outlets in northern and eastern India

Aug 21, 2017

Creditors oppose NCLT order, may pose hurdles in the way of RCom-Aircel merger

The order pronounced by the tribunal suggested that any creditor accounting 5 percent or less of the companies' total debt cannot oppose the merger.

Aug 21, 2017

BPCL to pump in Rs 18,000 crore to expand oil refineries

The expansion is a part of company's major roadmap to spend Rs 1.08 lakh crore in next five years.

Aug 21, 2017

McDonald's terminates agreement with CPRL for outlets in northern and eastern region

McDonald's accused CPRL of violating numerous terms of the agreement and the latter cannot use the systems, trademark and designs of McD anymore. This will come into effect within 15 days from now.

Aug 21, 2017

Essar Oil closes 98% stake deal to Rosneft-led consortium for $12.9 bn

As part of the deal, oil major Rosneft will get a 49.13 percent stake in Essar Oil and the Trafigura-UCP consortium will hold another 49.13 percent stake in the company.

Aug 21, 2017

Buyback flops, Infosys stock slips to three-year low

The stock tanked 9.6% on the Bombay Stock Exchange at Friday's closing, its sharpest fall since April 2013.

Aug 21, 2017

Too little, too late: 'Vishal Sikka might have stayed on had the board sided with him sooner'

It is now also being said that Infosys would have a tough time retaining its clients, many of whom had a good equation with former CEO and MD Vishal Sikka and worked closely with him.

Aug 21, 2017