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ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra sbi state bank of indi atm

SBI Life seeks capital markets regulator's nod for IPO: Report

State Bank of India (SBI) holds 70 percent stake in the company, while 26 percent stake is held by BNP Paribas Cardif. Jul 17, 2017
Essar headquarters

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it Jul 17, 2017
Tata Consultancy Services

TCS may further reduce its employee headcount after plans to shut down Lucknow office

While Tata Consultancy Services has said that it may reduce its employee headcount to deal with the economic slowdown, it clarified that it does not plan to lay off its existing employees. Jul 17, 2017
q3fy2017 preview, q3 it results, infosys q3, tech mahindra q3, wipro q3, tcs q3, bse sensex

Tech Mahindra to hire over 2,000 workers in the US in 2017

Speaking about the US hiring, Tech Mahindra explained that this was in tune with the US government making it clear that it would like companies to hire locals. Jul 17, 2017
vijay mallya, sahara force india

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team. Jul 17, 2017

TVS Motors plans Rs 500 cr investment in operations this year, new launches

Apache RR to be developed jointly with BMW will be priced at Rs Rs 1.25-1.5 lakh. Jul 17, 2017
google-logo-at-the-google-office-in-toronto

Google to double headcount in its India cloud business to take on Amazon and Microsoft

Google is looking at quite a big growth this year considering the cloud service market is likely to witness a 38 percent growth. Amazon, IBM and Microsoft already have public cloud data centres. Jul 17, 2017
mahindra partners San Francisco SCOOT NETWORKS TRANSPORTATION SOLUTIONS

This is how Mahindra Group plans to step up its US game

The planned investment will be allocated across business verticals. The growth will be led by Mahindra USA, which is expected to double revenues from $500 million to $1 billion. Jul 17, 2017
gmr group, hyderabad airport, gmr to sell stake to abu dhabi investment authority, gmr stake sale hyderabad airport

GMR likely to sell 49% stake in Hyderabad airport to Abu Dhabi Investment Authority: Report

The news lifted the share price of GMR Infrastructure on the BSE in early session on Monday. Jul 17, 2017
Google Shopping

Google's Gita paradox: Detachment from 'results', duty to profit, and a EU penalty

Squeezing more juice out of a captive market is part and parcel of being the leader in a particular space; but Google is expected to be different. Jul 15, 2017
india wind power tariff, india wind energy, india solar energy, solar parks in india, re projects, piyush goyal, modi govt, india news

Gone with the wind? Inox Wind becomes first insolvency case in wind energy

Operational creditor Jeena & Company submitted to the company law tribunal that Inox Wind has outstanding payments of Rs 57.5 lakh as of March 25, 2017. Jul 15, 2017
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Fuel, liquor can be brought under GST if states sort out problems: Modi minister

Minister of State for Civil Aviation Jayant Sinha said so while addressing traders and officials at an event in Dhanbad, Jharkhand. Jul 15, 2017
N Chandrasekaran

Tata Group shareholders are poised for gains, thanks to N Chandrasekaran: Report

N Chandrasekaran had taken over as the chairman of Tata Sons in January following the abrupt ouster of Cyrus Mistry last October. Jul 15, 2017
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 pays £25 million bonuses to European managers while UK workers took pension cuts

The details of the payments made were leaked by a Dutch whistle blower, after which Tata Steel admitted that these bonuses had been paid to senior managers. Jul 15, 2017
wipro, wipro unveils new logo, wipro ceo abidali neemuchwala, wipro chairman azim premji

Wipro to announce Q1 results next week, share buyback on the cards

Bengaluru-based IT software services exporter Wipro had cash and cash equivalents worth Rs 5,271 crore as of March 31 2017. Jul 15, 2017
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