Companies

IT department sells $216 million of Vedanta shares

Cairn Energy said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company in a dispute over retrospective tax dues.

Jul 10, 2018

E-commerce players all set to lock horns to dominate entertainment content in India

The industry experts argue that the investment in the content generation segment of the e-commerce is being done to take on Amazon India, which is aggressively strengthening its entertainment content with Prime Video.

Jul 9, 2018

steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

ThyssenKrupp CEO Heinrich Hiesinger steps down amid criticism of Tata deal

The ouster of ThyssenKrupp CEO was the fourth by a German established company's CEO in as many months, after the chiefs of Deutsche Bank, Volkswagen and Beiersdorf resigned from their position.

Jul 7, 2018

Samsung posts over 5% operating profit in Q2 2018

Operating profit came down to 14.8 trillion won (South Korean currency), sales came to 58 trillion won, down 4.92 percent. The company hopes to improve next quarter with the launch of the Note 9, better demand for chips and display.

Jul 6, 2018

Uncertainty lies ahead in Nano's journey; only 1 unit manufactured in June

The Nano car was an ambitious project of Ratan Tata who had an objective of providing a safer and affordable alternative to small families commuting on two wheelers.

Jul 5, 2018

Facebook says Saavn, Airtel had access to user data even after 2015

In a written submission to US Congress, Facebook said that these firms were allowed access to data following its partnerships with app developers and software makers.

Jul 4, 2018

Rattled by the Nirav Modi scam, PNB to shut most operations at its Mumbai branch – report

PNB is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Jul 4, 2018

SEBI orders ICICI Pru Mutual fund to refund Rs. 2.4 billion to its investors

The market regulator ordered the fund house to refund the amount to the investors with an annual interest rate of 15 percent.

Jul 4, 2018

tata steel, tata steel share price, tata steel q4 results, tata steel fy17 results, tata steel sells uk business, tata group, national steel policy 2017

Tata Steel, Thyssenkrupp to merge; will become Europe's second largest steelmaker

This is the largest deal in European steel industry since Laxmi Niwas Mittal took over Arcelor in 2006.

Jun 30, 2018

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani-led Reliance Industries acquires Radisys for $74 million

Reliance Industries Limited has signed a deal for a 100 percent stake in Oregon-based Radisys Corporation.

Jun 30, 2018

Nissan to launch its first global digital hub in Thiruvananthapuram, Kerala

Nissan plans to start many global hubs in Asia, Europe and North America with digital technology as the key theme. The first global digital hub will be located at Technopark in the capital city of Kerala.

Jun 29, 2018

Who will be next ICICI Bank chairman? Frontrunner loses out; ex-bureaucrat emerges dark horse

ICICI Bank chairman RK Sharma's terms ends tomorrow. In the running are former bureaucrats Shaktikanta Das, D K Mittal, Tapan Ray C B Bhave. Former Bank of Baroda Chairman and Managing Director MD Mallya, a frontrunner in the beginning, has apparently lost out after he was interrogated in the Rotomac loan scam.

Jun 29, 2018

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Companies

IT department sells $216 million of Vedanta shares

E-commerce players all set to lock horns to dominate entertainment content in India

ThyssenKrupp CEO Heinrich Hiesinger steps down amid criticism of Tata deal

Samsung posts over 5% operating profit in Q2 2018

Uncertainty lies ahead in Nano's journey; only 1 unit manufactured in June

Facebook says Saavn, Airtel had access to user data even after 2015

Rattled by the Nirav Modi scam, PNB to shut most operations at its Mumbai branch – report

SEBI orders ICICI Pru Mutual fund to refund Rs. 2.4 billion to its investors

Tata Steel, Thyssenkrupp to merge; will become Europe's second largest steelmaker

Mukesh Ambani-led Reliance Industries acquires Radisys for $74 million

Nissan to launch its first global digital hub in Thiruvananthapuram, Kerala

Who will be next ICICI Bank chairman? Frontrunner loses out; ex-bureaucrat emerges dark horse

Indian traders vs Walmart: Nationwide protest against US retail giant on July 2

Adani Group to take over Anil Ambani's Reliance Energy, sale approved by Maharashtra Electricity Regulatory Commission

Vodafone Idea Limited to emerge as numero uno in Indian telecom market

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]