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Phone Bills To Go Up By 10-15 Percent In Coming Months; Carriers Owe Government Crores In Spectrum Purchase

Naspers-backed Pay U to acquire fintech firm Citrus Pay in all-cash deal

The Nasper-Citrus deal is expected to close by the end of August or September this year. Aug 8, 2016
wipro q3, wipro q3 results, wipro share price, wipro interim dividend, wipro t k kurien retires, wipro it revenues, wipro q4 guidance

Wipro, Infosys to witness rising operating costs as SEZ tax exemption nears expiry

The SEZ contract of Infosys, Wipro and HCL Technologies will expire during the next five years in Karnataka. Aug 8, 2016
Sony Pictures studios

Sony Pictures all set to buy Zee's Ten Sports: Report

The value of the deal is estimated to be around Rs. 2,000 crore. Aug 8, 2016
spicejet aviation civil passenger volume dgca traffic india growing budget low cost carrier airline data merchanise share price loss net profit results q1

Delhi High Court to hear SpiceJet dispute with KAL and Kalanithi Maran over share warrants today

The dispute between SpiceJet and its former owners — KAL Airways and Kalanithi Maran — pertains to non-issuance of share warrants. Aug 8, 2016
Essar Oil Vadinar refinery

Essar Oil plans to invest Rs. 1,200 crore to upgrade refinery, boost margin

The company invested Rs. 400 crore during a 28-day shutdown of its Vadinar oil refinery in Gujarat last year. Aug 8, 2016
Narendra Modi Modi government modi completes two years in office

PM launches 4,000 MW super thermal power project in Telengana

The initial investment of the project is valued at Rs.10,600 crore. Aug 7, 2016
wgc gold demand report 2016, india gold demand, world gold demand trends, india gold jewellery, india gold prices, gold prices in india, gold prices in china, gold ETFs, gold demand in china

Income Tax department raids offices of Muthoot Capital Services

The searches were carried out for alleged tax evasion. Aug 7, 2016
gst bill cinema entertainment tax service tax rates multiplex screens bollywood hit regional box office collections

PVR, Inox Leisure shares flare up on hopes of GST to be lower than entertainment tax

A GST rate of about 18 percent is expected to improve profit margins of PVR, Inox Leisure, say analysts. Aug 6, 2016
Mukesh Ambani

Reliance Jio sets up 5 lakh 4G outlets; rivals Airtel, Vodafone, Idea woo customers with new offers

Telecom companies Airtel, Vodafone and Idea Cellular feel the heat as Reliance gears up for 4G launch. Aug 6, 2016
lockheed martin

Lockheed Martin will shift F-16 fighter jet manufacturing unit to India if it gets assured orders

The challenge before Lockheed is to use its competitive production advantage into winning this deal, says an aerospace expert. Aug 5, 2016
Air Costa

After Air Pegasus, Air Costa halts operations over payment issues

The airline is sorting out payment issues with its lessor, GE Capital Aviation Services, an Air Costa official said on Thursday. Aug 5, 2016
Standard Chartered

StanChart sees further cuts to bad loan provisions in China, India

A sharp spike in non-performing loans in China and India had weighed on the Asia-focused bank's balance sheet in recent years. Aug 4, 2016
sahara-group-chairman-subrata-roy

Sahara's cash deposit with SEBI now stands at Rs. 10,000 crore

Payment of bail bond amount was not a guarantee for Roy's freedom as the company's principal liability is Rs. 24,000 crore, the SC asserted. Aug 4, 2016
emirates airlines EK521

Emirates Boeing 777 crash-landing: What we know so far about the Thiruvananthapuram-Dubai flight

Here is everything you need to know about the crash landing of flight EK521. Aug 3, 2016
An employee of Infosys stands at the front desk of its headquarters in Bengaluru

Infosys invests $4 million in Israeli cloud management start-up

Infosys is focusing on its platform business and has developed a cloud ecosystem hub similar to what Cloudyn offers. Aug 3, 2016
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