Companies

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

Snapdeal reportedly did not explain why it had decided to refuse Flipkart's offer, but the talks regarding the sale are said to be ongoing.

Jul 5, 2017

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SBI, other lenders suffer setback; Essar Steel gets reprieve in loan default case from Gujarat High Court

Estimates put the amount owed by Ruia-controlled Essar Steel at Rs 37,000 crore; the company is one of the 12 defaulters reportedly identified by RBI for swift recovery under insolvency code.

Jul 5, 2017

Infosys: Employees to get 5-11% annual salary hike, lower than last year; no arrears for 3 months

India's second-largest IT services exporter Infosys gives employees an average hike of 5 to 11 percent as against 6-12 percent last year.

Jul 5, 2017

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

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Liquor stocks rally after Supreme Court gives relief to bars, pubs in cities

United Spirts, Khoday, Jagatjit, Globus Spirits gain sharply on the back of Supreme Court making an exception to bars, pubs and hotels located within cities.

Jul 4, 2017

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IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Krishnamurthy Shankar said that as the industry grows at a rapid pace each year, employees will definitely need to keep up with the changing standards.

Jul 4, 2017

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Highlights of Axis Bank annual report FY2017

Credit cards, retail lending, digital banking, focus on SMEs and consolidating position debt markets are key extracts from Axis Bank's annual report for 2017.

Jul 4, 2017

Microsoft likely to lay off thousands of employees in massive corporate rejig: Report

While the intention behind the rejig is yet to be known, a document that seems to be a company memo says that it is a part of the company's plans to help its customers with "digital transformations."

Jul 4, 2017

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Nandan Nilekani, Helion's Sanjeev Aggarwal launch $100 million start-up fund

The Fundamentum Partnership will invest in early stage start-ups, say Nandan Nilekani and Sanjeev Aggarwal.

Jul 4, 2017

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017

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Two wheeler sales June 2017: Hero Motocorp, TVS, HMSI, Royal Enfield report growth, Bajaj Auto volumes fall

June was a mixed bag for two-wheeler companies, with HMSI, Hero Motocorp, Royal Enfield and TVS Motor reporting modest-to-high growth.

Jul 3, 2017

Workers reject junior partner role for Thyssenkrupp in Tata JV

Thyssenkrupp reportedly aimed to hold less than half of the potential venture so it can deconsolidate the business from its balance sheet.

Jul 3, 2017

Iran to sign major gas deal worth $4.8 billion with French energy firm Total

A spokesman for Total confirmed the company will sign the contract to produce gas for the Iranian market from 2021.

Jul 3, 2017

Markets give thumbs-up to GST; Sensex gains 300 points, ITC top gainer

The first day of trading saw benchmark indices Sensex and Nifty end with 1 percent gain; ITC was the biggest gainer, followed by Hero Motocorp.

Jul 3, 2017

ONGC-led consortium offers $11 billion to Iran for Farzad-B gas field: Report

The offer involves $6 billion for developing the gas field and the remaining amount to build a liquefied natural gas export facility,according to a report.

Jul 3, 2017

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Companies

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

SBI, other lenders suffer setback; Essar Steel gets reprieve in loan default case from Gujarat High Court

Infosys: Employees to get 5-11% annual salary hike, lower than last year; no arrears for 3 months

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Liquor stocks rally after Supreme Court gives relief to bars, pubs in cities

IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Highlights of Axis Bank annual report FY2017

Microsoft likely to lay off thousands of employees in massive corporate rejig: Report

Nandan Nilekani, Helion's Sanjeev Aggarwal launch $100 million start-up fund

Air India divestment: More positives than negatives to a Maharaja's selloff

Two wheeler sales June 2017: Hero Motocorp, TVS, HMSI, Royal Enfield report growth, Bajaj Auto volumes fall

Workers reject junior partner role for Thyssenkrupp in Tata JV

Iran to sign major gas deal worth $4.8 billion with French energy firm Total

Markets give thumbs-up to GST; Sensex gains 300 points, ITC top gainer

ONGC-led consortium offers $11 billion to Iran for Farzad-B gas field: Report

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]