Business news

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

The combination would help both exchanges compete better with rivals like ICE and CME from the United States.

Sep 11, 2019

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Blackstone to acquire remaining 50% of Indiabulls' commercial assets

Last year in March, Blackstone had signed a similar deal for 50% of a portfolio of Indiabulls for around Rs 4,750 crore that was one of the country's biggest-ever deal in real estate.

Sep 11, 2019

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Paytm eyes core banking toehold amid talks with Rana Kapoor for Yes Bank stake

Co-founder Kapoor is seeking to exit Yes Bank by selling his and family's stake for Rs 2,000 crore; in talks with Paytm founder Vijay Shekhar Sharma.

Sep 11, 2019

No more Vande Bharat coaches to be manufactured this fiscal due to high energy consumption

Indian Railways' plan to manufacture 40 additional trains by March 2022 remains on track.

Sep 10, 2019

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Paytm parent One97's loss widens to Rs 3,960 crore amid tough competition

The losses have mounted despite transactions through Paytm rising significantly since the demonetisation.

Sep 10, 2019

US-based firm DXC Technology to hire 10,000 Indians for digital operations

The company had previously stated that the inability to hire employees had cost the company nearly $100 million in revenue last year.

Sep 9, 2019

British Airways cancels nearly all flights due to pilots' 48-hour strike

British Airways has stated that the strike action is unjustifiable as its pay offer was fair.

Sep 9, 2019

Satyam scam: SAT quashes 2-year audit ban on PwC in major setback for SEBI

Satyam Computer Services founder B Ramalinga Raju had publicly admitted to large-scale financial manipulations to the tune of over Rs 5,000 crore in the company's books.

Sep 9, 2019

BENGALURU, IndiaMicrosoft Chief Executive Officer Satya Nadella and Flipkart Group Chief Executive Officer and co-founder Binny Bansal attend a news conference in Bengaluru, India, February 20, 2017. REUTERS/Abhishek N. Chinnappa

Binny Bansal turns professional investor; to set up $400 million VC fund

The move is significant for Indian entrepreneurs as this is the first time an established tech entrepreneur is turning into a full-time investor.

Sep 9, 2019

Ex-Paytm executive Sonia Dhawan rejoins Vijay Shekhar's firm

Dhawan, the prime accused in an alleged extortion case involving Vijay Shekhar Sharma will be joining Paytm's gaming platform "First Games" as Vice President of Corporate Communication.

Sep 7, 2019

Slowdown will not hit social sector spending: Nirmala Sitharaman

The minister said the government was yet to take a call on how it would use the surplus reserve of Rs 1.76 lakh crore it has received from the Reserve Bank of India.

Sep 7, 2019

It's official: Cognizant CEO announces job cuts by October end

Notably, since he took over as Cognizant's CEO in April, his main focus has been on the company's cost competitiveness.

Sep 6, 2019

What is driving Mukesh Ambani's pivot away from oil to lifestyle retail?

A recent $15-billion deal with Saudi Aramco has helped the world's largest refiner Reliance Industries deleverage the balance sheet and cut debt while freeing up resources to power diversification away from core petrochemical sector.

Sep 6, 2019