Companies

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ICICI Bank launches home loan overdraft for salaried customers

The "ICICI Bank Home Overdraft" scheme enables a salaried customer to loan up to Rs. 1 crore for personal needs against property.

Nov 2, 2016

Dabur to buy CTL Group's personal care business in South Africa

In Africa, Dabur also has manufacturing facilities set up in Nigeria and Egypt.

Nov 2, 2016

What does the Uber tribunal ruling mean for the gig economy?

In October, a London tribunal ruled that Uber drivers are entitled to basic work benefits such as sick pay and holidays. The move has widely been viewed as a landmark ruling, and the first major challenge to the emerging gig economy in the UK. Uber argue that all their drivers are in fact self-employed, but workers and some unions dispute this, and say the company is trying to avoid paying out costly benefits. Uber currently has 40,000 drivers working in London.

Nov 1, 2016

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Aviation fuel prices up 19% since April 1

Indian Oil Corporation (IOC) announces 7.3 percent hike in aviation fuel prices to Rs 50,260/kl from November 1.

Nov 1, 2016

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Twitter India head Rishi Jaitly quits after 4-year stint

Rishi Jaitly had joined Twitter in November 2012 as the India head.

Nov 1, 2016

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Royal Enfield motorcycle sales rise 33% in October; Eicher Motors shares gain

Eicher Motors, maker of Royal Enfield motorcycles, says it sold 59,127 units in October; shares are up 3 percent.

Nov 1, 2016

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Domestic car sales: How Maruti Suzuki, Tata Motors, Hyundai, Volkswagen India fare in October

Maruti Suzuki, Volkswagen, Tata Motors and Hyundai post mixed results in car sales for October.

Nov 1, 2016

Mihin Lanka withdraws its flight services, SriLankan Airlines takes over

On Sunday, the first SriLankan Airlines flight on Mihin Lanka route arrived at Madurai from Colombo.

Oct 31, 2016

Ousted Tata Sons chairman Cyrus Mistry leaves Bombay House

A Tata Group executive confirmed that Mistry's belongings were being removed from his office.

Oct 31, 2016

State Bank of India slashes lending rates by 0.15%

The new marginal cost of funds based lending rate (MCLR) will be effective from November 1.

Oct 31, 2016

Varun Beverages IPO gets thumbs down from retail investors

Overall, the Rs 1,000-crore IPO of the largest bottling franchisee of PepsiCo was oversubscribed 1.86 times, but the retail portion was undersubscribed.

Oct 30, 2016