Companies

Infosys faces lawsuit in US for not paying overtime

In a filing to the court, the complainant said that he was forced to work for 11 hour days at times and was paid for only 8 hours or fewer as CVS 'refused to be billed for overtime wages.

Sep 10, 2018

budget 2017, income tax, tax planning, tax calculation, exemption, section 80c, personal finance

Crackdown on shell companies: Government plans to geo-tag firms

The government last year had come down on over two lakh firms for not filing annual returns and had ordered an investigation.

Sep 10, 2018

CEO Zhang to replace Jack Ma as chairman of Alibaba group

Zhang, who was earlier the CEO of Taobao, an online shopping portal owned by the Alibaba Group, was appointed the CEO of the Alibaba Group in 2015.

Sep 10, 2018

jack ma alibaba malaysia advisor adviser malaysia digital marketing e commerce india china hong kong

Jack Ma's retirement comment reportedly taken out of context; Alibaba founder to unveil succession plan

A New York Times article had said that Jack Ma would announce his retirement on Monday. However, a new report has said that he will remain onboard.

Sep 9, 2018

Walmart on Flipkart deal: Have complied with all tax obligations under IT rules

The Bentonville behemoth had bought 77 percent stake worth $16 billion in India's largest online retailer Flipkart.

Sep 8, 2018

Hinduja Group eyes equity stake in two UAE banks; plans to move HQ out of London

Gopichand P. Hinduja said that the company is mulling the idea of shifting its London-based headquarters either to UAE or Singapore.

Sep 8, 2018

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

The 13 storied building, Radhika apartments in Prabhadevi in central Mumbai, was earlier the staff quarter for the ICICI bank. It has now come under lens after the allegations were made of possible quid pro quo.

Sep 8, 2018

jack ma, alibaba, chinese startups, jack ma paytm, indian startups

Alibaba co-founder Jack Ma to retire, focus on educational philanthropy

Ma will step down on Monday, September 10 on what will be his 54th birthday.

Sep 8, 2018

Johnson & Johnson to work with Indian govt to compensate for ASR hip implant patients

Last month, a government panel recommended that J&J pay compensation of at least 2 million rupees ($27,812) to each patient who received an ASR hip implant in India, an estimated 4,700 people.

Sep 7, 2018

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

Government to turn cash-crunched Air India into a board-managed company?

The government's plan to privatise the indebted "Maharaja" did not attract bids from any player earlier this year.

Sep 7, 2018

Infosys announces joint venture with Singapore-based Temasek

Infosys Consulting (Infosys subsidiary) will hold a 60 percent stake in the joint venture and it will be headquartered in Singapore.

Sep 7, 2018

NCLT to hear petition against Reliance Naval, Jindal India Thermal

As of March 2018, the total debt owned by the Reliance Naval to its lenders is worth Rs 5349.17 crores.

Sep 7, 2018

Apple shelves plan to launch UPI-based payments platform in India

The reason behind the Apple's decision is the Reserve Bank of India's recent data localisation rule including the technical and design hurdles related to the flow of payments on UPI.

Sep 6, 2018

Not aware of husband's business dealings with Videocon, Kochhar tells Sebi

Calling all the charges baseless, Kochhar argued that all the requisite disclosures were adhered to by her.

Sep 6, 2018

Mobile number portability to become faster, easier: TRAI

The TRAI aims to help subscribers port their numbers from one operator to another within two days as opposed to the current seven working days.

Sep 6, 2018

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Companies

Infosys faces lawsuit in US for not paying overtime

Crackdown on shell companies: Government plans to geo-tag firms

CEO Zhang to replace Jack Ma as chairman of Alibaba group

Jack Ma's retirement comment reportedly taken out of context; Alibaba founder to unveil succession plan

Walmart on Flipkart deal: Have complied with all tax obligations under IT rules

Hinduja Group eyes equity stake in two UAE banks; plans to move HQ out of London

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

Alibaba co-founder Jack Ma to retire, focus on educational philanthropy

Johnson & Johnson to work with Indian govt to compensate for ASR hip implant patients

Government to turn cash-crunched Air India into a board-managed company?

Infosys announces joint venture with Singapore-based Temasek

NCLT to hear petition against Reliance Naval, Jindal India Thermal

Apple shelves plan to launch UPI-based payments platform in India

Not aware of husband's business dealings with Videocon, Kochhar tells Sebi

Mobile number portability to become faster, easier: TRAI

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]