Business news

HDFC Bank exploring refinancing option to build corporate loan book

Term loans constitute about 30 percent of its corporate banking book, which grew by over 20 percent to Rs 125,000 crore in 2016-17.

Aug 9, 2017

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Crude oil prices for India rise by 12% in one month

The Indian basket of crude oil was at $51.60 per barrel on August 8 as against $46.12 almost a month ago.

Aug 9, 2017

Sebi ban on 331 shell companies may hamper investor sentiments

The sudden ruling by Sebi has taken many of these companies and their investors by surprise.

Aug 9, 2017

Titan partners with Amazon to set foot into US markets; may also tap UK, Mexico and Japan

Titan is all set to enter the United States through a partnership with e-commerce giant Amazon's global selling program and also plans to expand to UK and Japan.

Aug 9, 2017

Smart move: Tata Group hiring bankers to revamp business; over 100 units to peter out?

Tata Sons chairman Natarajan Chandrasekaran is hoping to increase the efficiency of the conglomerate and exit from businesses which don't fit the group's priorities.

Aug 9, 2017

Corus buy was a sound business move, says Chandrasekaran

Says Corus acquisition was carried through on board consensus and all communications with Tata Sons were in line with corporate governance processes.

Aug 8, 2017

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Axis Bank follows SBI, Bank of Baroda, reduces interest rate on savings deposits

In a regulatory filing to the BSE, private sector lender Axis Bank said the rate has been slashed by 50 basis points to 3.50 percent.

Aug 8, 2017

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Murthy gets backing of proxy advisory firms on Panaya deal report

Bengaluru-based independent advisory firm Ingovern has shown support to Murthy's stance but has also asked the founders of Infosys for a specific action plan to put the company back on the stability track.

Aug 8, 2017

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Warbug Pincus, others eye stake in Catholic Syrian Bank: Report

After talks with Canadian billionaire Prem Watsa's Fairfax failed to fructify, other PE investors are keen to acquire stake in Catholic Syrian Bank.

Aug 8, 2017

Eros in talks with Apple, Amazon and Netflix to sell film and music library

If the talks fructify, Eros might bag a deal worth $ 1 billion. The sale might also include its digital OTT platform and the streaming portal Eros Now.

Aug 8, 2017

Play

Google fires employee James Damore behind anti-diversity memo

Alphabet Incs Google has fired an employee who wrote an internal memo that ascribed gender inequality in the technology industry to biological differences. James Damore confirmed to several media outlets, including Breitbart, Wired and Bloomberg that he was fired for perpetuating gender stereotypes.

Aug 8, 2017