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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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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

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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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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

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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

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

$23 bn Idea-Vodafone merger gets conditional go-ahead from exchanges

Idea has given a voluntary undertaking to Sebi that it will not dispose of shares purchased by one of its promoters before the merger announcement.

Aug 8, 2017

Is Jeff Bezos and Amazon set to take over the world?

Amazon to set up online and physical food retailing stores around Diwali

Amazon's move may trigger a price war with conventional retailers like Big Bazaar, Foodhall, Hypercity and D-Mart, and online grocery stores.

Aug 8, 2017

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No more GST confusion: TCS iON plans to give lessons on single tax to small businesses

GST Shiksha Hub will provide relevant information to the small businesses on a real-time basis.

Aug 8, 2017

Surging steel demand boosts Tata Steel Q1 profit

Tata Steel's revenue rose 19.3 percent to Rs 30,973.3 crore from a year earlier helped by a robust demand for steel both at home and abroad.

Aug 8, 2017

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Samsung chief Jay Y Lee arrives in court for closing arguments in bribery trial

Samsung Electronics Vice Chairman Jay Y Lee arrived at Seoul District Court on 7 August for closing arguments in his bribery trial. Lee, 49, has been in detention since February, and on trial for charges including bribery and embezzlement as part of a scandal that led to Parks ouster. Lee has denied wrongdoing.

Aug 7, 2017