Companies

Despite too much debt, Air India still attractive to foreign bidders

Acquiring Air India will help foreign carriers compete with fast-growing domestic rivals like Spicejet and IndiGo.

Apr 12, 2018

Zuckerberg comes out way too smart for tech illiterate US senators

The 33-year-old billionaire repeatedly apologized for a range of problems that surrounded Facebook during nearly five hours of questioning by 44 US senators.

Apr 11, 2018

Amazon wooing Flipkart with $2 bn breakup fee to fend off Walmart?

Amazon has held early exploratory talks to buy Flipkart even as the latter closes in on a sale to Walmart.

Apr 11, 2018

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Looking for best stock market bets, watch Indian shoppers

Analysts are bullish on consumer staples and branded goods as the government starts to spend more in villages to boost farm incomes before next year's elections.

Apr 10, 2018

Which is the world's busiest airport? Delhi's IGI among top 20

According to the Airports Council International (ACI), close to 104 million passengers passed through the Hartsfield-Jackson Atlanta International Airport in 2017.

Apr 10, 2018

ICICI Bank-Videocon loan controversy: Chanda Kochhar's fate now rests with RBI

Chanda Kochhar, the MD and CEO of ICICI Bank, is facing allegations of nepotism and corruption over loans granted to Venugopal Dhoot-led Videocon Industries.

Apr 10, 2018

Axis Bank's CEO to step down early: Is RBI behind the decision?

The lender's board had decided to re-appoint Sharma for a period of 3 years, however, she requested to revise her term from June 1 up to December 31.

Apr 10, 2018

Xiaomi sets up new manufacturing units in India

Xiaomi rides the Make in India wave: To create 50,000 jobs

Xiaomi has set up three new smartphone manufacturing units in Tamil Nadu and Andhra Pradesh, along with company's first Surface Mount Technology (SMT) plant in Chennai.

Apr 9, 2018

While India is buying planes by hundreds, China is creating an industry

India's aviation market is expected to surpass that of China in the next 10 to 15 years, but there's little done in terms of setting up indigenous manufacturing units to meet the burgeoning demand.

Apr 9, 2018

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Check list of 11 public sector banks under RBI scanner over NPAs

Government sources reportedly confirmed that more banks are expected to be brought under the Prompt Corrective Action (PCA) framework because of deteriorating performance.

Apr 9, 2018

Reliance Jio's entry helped India save $10 billion a year: Report

The report predicted that Reliance Jio could help increase India's per capita GDP by about 5.65 percent, if the economic conditions remained the same.

Apr 6, 2018

Indian yoga guru Ramdev gestures to his supporters at the Ramlila grounds during his agitation against corruption and black money in New Delhi on Aug. 9, 2012.

Baba Ramdev unveils new game plan: To launch Patanjali garments in 2019

Patanjali, which is one of the fastest-growing companies in India, is all to enter into the garment manufacturing business next year.

Apr 6, 2018

ICICI Bank enables NRIs to send money via WhatsApp, e-mail

Christened Social Pay, this first-of-its-kind service by any Indian bank is available on the lender's Money2India (M2I) app for remittances.

Apr 6, 2018

Five payments banks in India: Know how they differ

Here is the list of five payments banks in India in 2018 and it's key features.

Apr 5, 2018

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Paytm set to sell mutual funds via a new app

Paytm, owned by One97 Communications, is now planning to launch services including mutual funds, general insurance, life insurance and a number of banking services via its payments bank.

Apr 5, 2018