Companies

BPCL to pump in Rs 18,000 crore to expand oil refineries

The expansion is a part of company's major roadmap to spend Rs 1.08 lakh crore in next five years.

Aug 21, 2017

McDonald's terminates agreement with CPRL for outlets in northern and eastern region

McDonald's accused CPRL of violating numerous terms of the agreement and the latter cannot use the systems, trademark and designs of McD anymore. This will come into effect within 15 days from now.

Aug 21, 2017

Essar Oil closes 98% stake deal to Rosneft-led consortium for $12.9 bn

As part of the deal, oil major Rosneft will get a 49.13 percent stake in Essar Oil and the Trafigura-UCP consortium will hold another 49.13 percent stake in the company.

Aug 21, 2017

Buyback flops, Infosys stock slips to three-year low

The stock tanked 9.6% on the Bombay Stock Exchange at Friday's closing, its sharpest fall since April 2013.

Aug 21, 2017

Too little, too late: 'Vishal Sikka might have stayed on had the board sided with him sooner'

It is now also being said that Infosys would have a tough time retaining its clients, many of whom had a good equation with former CEO and MD Vishal Sikka and worked closely with him.

Aug 21, 2017

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Wilful defaulters owe 27% of total outstanding loans to SBI alone

As many as 1,762 defaulters owe State Bank of India a staggering amount of Rs 25,104 crore.

Aug 20, 2017

Who will succeed Vishal Sikka? Finding next Infosys chief won't be easy

Infosys is likely to pick an insider to succeed Sikka, even that won't be easy for the board.

Aug 20, 2017

7 products Apple probably wish theyd never made

Apple doesnt always get it right.

Aug 19, 2017

Law suits chase the bear's shadow: 3 US firms to sue Infosys over investor losses after Sikka exit

The firms intend to investigate potential securities claims on behalf of Infosys shareholders arising from allegations that it may have issued materially misleading business information.

Aug 19, 2017

Concrete takeover: Indians beat Arabs in buying London property

Indian buyers took advantage of changes made in 2015 to the Liberalized Remittance Scheme in India that led to a rise in the amount of capital buyers can bring into the UK to $250,000 per person.

Aug 19, 2017

Software services exports lowest in 7 years, protests in Hyderabad against mass IT layoffs

India's software services exports slumped to the lowest in seven years which could blow the current account deficit to the widest since 2013 and add further pressure to the rupee.

Aug 19, 2017

Infosys board clears Rs 13,000-crore share buyback at Rs 1,150 apiece

The tech bellwether expects the buyback to push higher return on equity and serve as an opportunity to put its cash holdings to good use.

Aug 19, 2017

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Is this the real reason Jet Airways asked its pilots to take a salary cut?

Airline officials have now said that Jet Airways may have asked its pilots to take a salary cut after overestimating their pilot requirement and hiring more than necessary.

Aug 19, 2017

The unlikely Infosys: Board outrage drowns out distraction; and, discretion

A post-Sikka Infosys will need room for shareholder activism even if its board feels that co-founder Narayana Murthy has a 'My way or the highway' attitude.

Aug 18, 2017

Vishal Sikka's exit erodes Rs 22,000 crore of Infosys' market value

The company market value dropped to Rs 2.12 lakh crore from Rs 2.34 lakh crore as of Thursday's close.

Aug 18, 2017

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Companies

BPCL to pump in Rs 18,000 crore to expand oil refineries

McDonald's terminates agreement with CPRL for outlets in northern and eastern region

Essar Oil closes 98% stake deal to Rosneft-led consortium for $12.9 bn

Buyback flops, Infosys stock slips to three-year low

Too little, too late: 'Vishal Sikka might have stayed on had the board sided with him sooner'

Wilful defaulters owe 27% of total outstanding loans to SBI alone

Who will succeed Vishal Sikka? Finding next Infosys chief won't be easy

7 products Apple probably wish theyd never made

Law suits chase the bear's shadow: 3 US firms to sue Infosys over investor losses after Sikka exit

Concrete takeover: Indians beat Arabs in buying London property

Software services exports lowest in 7 years, protests in Hyderabad against mass IT layoffs

Infosys board clears Rs 13,000-crore share buyback at Rs 1,150 apiece

Is this the real reason Jet Airways asked its pilots to take a salary cut?

The unlikely Infosys: Board outrage drowns out distraction; and, discretion

Vishal Sikka's exit erodes Rs 22,000 crore of Infosys' market value

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]