Companies

US justice department probes Tesla over CEO Elon Musk's tweets about taking company private

The probe by the Justice Department, which can press criminal charges, comes on top of a civil probe by the Securities and Exchange Commission and shareholder lawsuits.

Sep 19, 2018

ola, olacabs, ola cabs, ola ceo bhavish aggarwal, ola founders, ola rival uber, cab hailing services in india

Ola raises $50 million from China's communist party-backed investor

The investee companies --Sailing and CEECF -- have paid the amount to hold a combined stake of more than 1 percent in Ola which implies that its valuation has gone up since its previous round of funding.

Sep 18, 2018

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Bansal alleged that Infosys paid him Rs 5.2 crore and withheld the balance stating that he did not meet certain requirements.

Sep 18, 2018

Vijay Mallya extradition case: Detention not required at this stage, said CBI in 2015 look out circular

This was the second LOC. The first LOC was sent out on October 16, 2015, and the CBI had checked the box to "prevent the subject from leaving India". The CBI has now said that this was an error in judgment.

Sep 18, 2018

Tata Motors logos are seen at their flagship showroom

Tata Communications and SASTRA launch cyber security lab in Tamil Nadu

The cybersecurity lab was inaugurated at the Shanmugha Arts, Science, Technology and Research Academy (SASTRA) on September 15.

Sep 17, 2018

Salesforce chief Marc Benioff buys iconic Time magazine for $190 million in cash

Founded in 1923 by Henry Luce and Briton Hadden, Time was the first weekly news magazine in the United States.

Sep 17, 2018

Amazon almost done investing its proposed $5 billion to expand business in India

Amazon is spending its most part of the investment on building infrastructure for the future and it is further expected that Amazon is going to invest aggressively in the ever-growing market.

Sep 16, 2018

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

This would be first chargesheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1600 crore.

Sep 16, 2018

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

The IT department had earlier sent a communication to Walmart International Holdings seeking a break-up of the taxes paid from the payment to all the shareholders.

Sep 16, 2018

Infosys buys Finnish firm Fluido Oy for $76 mn

Though the company did not disclose the acquisition cost in its release, it mentioned in a regulatory filing on the BSE that "100 per cent of Fluido's shares have been acquired in cash for Euro 65 million", which translates to $75.8 million (Rs 546 crore).

Sep 15, 2018

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Companies

US justice department probes Tesla over CEO Elon Musk's tweets about taking company private

Ola raises $50 million from China's communist party-backed investor

Infosys to pay ex-CFO Rajiv Bansal Rs 12.2 crore after losing arbitration case

Vijay Mallya extradition case: Detention not required at this stage, said CBI in 2015 look out circular

Tata Communications and SASTRA launch cyber security lab in Tamil Nadu

Salesforce chief Marc Benioff buys iconic Time magazine for $190 million in cash

Amazon almost done investing its proposed $5 billion to expand business in India

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

Infosys buys Finnish firm Fluido Oy for $76 mn

Govt permission not needed for managerial payout, says Corporate Affairs Ministry

Walmart, Flipkart employees to get option to switch places

An outsider to replace CEO Francisco D'Souza at Cognizant?

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Samsung to open world's largest mobile experience centre in Bengaluru

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]