Business news

Good gold days: Tirupati Balaji temple deposits 2,780 kg of gold with SBI

Tirumala Tirupati Devasthanams (TTD) which manages the temple took a decision to deposit the gold under a long-term deposit scheme.

Aug 29, 2017

NTPC divestment: Institutional investor quota oversubscribed 1.28 times

The government owns nearly 70% stake in NTPC and has set a floor price of Rs 168 apiece, aiming to raise around Rs 7,000 crore.

Aug 29, 2017

Income Tax Department is facing major manpower crunch

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Income Tax Department faces major shortage of manpower: Reports [VIDEO]

About 3,000 posts of Income Tax Inspector are vacant and Assessment Officers are said to be overburdened with work.

Aug 29, 2017

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Hanging on a line: Taxman wants Rs 32,000 crore hug from Hutchison over Vodafone deal

The fine is on top of a tax demand for the same amount over the telco's $11.1-billion purchase of Hutchison assets in 2007.

Aug 29, 2017

Greenko in talks with Reliance Infra to buy out Mumbai power business

Power demand in India will likely cross 300 GW in the next ten years.

Aug 29, 2017

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Amazon eyes Grofers pie for $100 million to spoil Alibaba-BigBasket party

Amazon's investment in Gurgaon-based Grofers of around $100 milion could be a well planned strategy by the company to stay ahead of Flipkart. Read to know more.

Aug 29, 2017

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Modi govt to sell up to 10% of utility NTPC in potential $2.2 billion deal

The NTPC sale will be open for funds on Tuesday, while retail investors will be able to bid on Wednesday.

Aug 29, 2017

Polishing up: Money laundering rules to apply to gems and jewellery sector

The move to put the gems and jewellery sector under the PMLA's purview, is part of steps to stop misuse and laundering of money by the sector.

Aug 28, 2017

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Uber names new CEO pick

Ending months of speculation, Uber picks Expedias Khosrowshahi as its prospective new CEO.If he takes the job, he would have a steep task ahead of him that includes not just repairing Uber and amp;#39;s corporate image but also creating a profitable business after years of losses.

Aug 28, 2017

Fundraising frenzy: IPOs worth Rs 62,000-crore filed in 2017

Over 150 companies showed interest to raise capital worth around Rs 2.5 lakh crore through IPOs and QIPs.

Aug 28, 2017

e-incentive: Govt thinks over 2 per cent GST relief on digital payments

The IT ministry is leading the government's digital thrust by taking stock of initiatives to further popularise electronic payments.

Aug 28, 2017

Adani to start Carmichael coal project with own funds

Once the coal project completes, Carmichael mine will be one of the biggest mine in the world.

Aug 28, 2017

Glittering futures: World's first diamond trading exchange starts in India

It is expected to start trading in 1 carat/100 cent contracts and will eventually add 50 cent and 30 cent contracts

Aug 28, 2017

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Infosys gains Rs 7,000 crore in market cap after Nilekani's return as non-exec chairman

After Vishal Sikka announced his resignation from the position of CEO, shares of Infosys plunged over 10 percent.

Aug 28, 2017

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Oppo and Vivo's Chinese expats in India return home over low sales, surging anti-Beijing sentiments

According to industry executives, the exits were a result of 30 percent year-on-year drop at both Oppo and Vivo.

Aug 28, 2017

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