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Saudi Arabian PIF 'reluctant' for Tesla buyout proposal

While Tesla's CEO, Elon Musk is said to have made an offer of $72 million, there are still no takers to make the company private.

Aug 12, 2018

Hefty discounts by e-commerce players likely to attract CCI regulatory probe

The Competition Commission of India while clearing the Walmart-Flipkart deal denounced the heavy discount offered by these companies.

Aug 10, 2018

Walmart-Flipkart deal to fetch Narendra Modi-led govt Rs 13,000 crore in tax?

Walmart executives had a meeting with senior income tax officials and assured them that the company will comply with all the rules and regulations.

Aug 10, 2018

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Jet Airways needs Rs 3,500 crore immediately to keep flying - Report

Jet Airways has debunked rumours of pay cut and job losses but the shares have been on free fall. Meanwhile a new report says the carrier needs a huge cash infusion immediately to stay afloat.

Aug 10, 2018

Over 17,000 jobs at risk as UK's retail giant House of Fraser goes into administration

The fate of 169-year-old House of Fraser, which employs 17,500 people, was sealed when C.banner, a Chinese company, pulled out of a deal to pump in money in the business. Here are four things that went wrong for the retail giant.

Aug 10, 2018

Continental to create 2,000 jobs as India's automobile industry hits the fast lane

The Indian automobile industry is currently the fourth largest in the world with sales increasing 9.5 percent year-on-year. The market trends indicate the upbeat will continue for the next couple of years.

Aug 10, 2018

Jet Airways' Naresh Goyal apologises to shareholders for losses and plummeting shares in glum Q1

Naresh Goyal, the chairman and founder, spoke to the company's shareholders during the annual general meeting and said that he was unhappy as a lot of shareholders had lost their money amid Jet Airways' financial issues.

Aug 10, 2018

Jet Airways layoffs: After pay cut plans failed to materialise, airline letting go 500 staffers?

Jet Airways is reportedly mulling handing out pink slips to about 500 of its ground personnel. Not just that, the airline may also reportedly reorganise and trim the cabin crew on its Boeing and Airbus fleet and terminate the contract of its senior crew members.

Aug 9, 2018

ICICI Bank wrote down massive bad loans but didn't tell investors - Report

ICICI Bank wrote off as much as 5,600 crore in corporate loans, helping it present a much lower gross NPA in the year 2016-17, a note sent by CEO Chanda Kochhar to the bank's board showed.

Aug 7, 2018

Privacy alert: Why is Facebook seeking bank details of customers from major US banks?

Facebook might have clarified it has no intention of using the personal bank data for anything apart from offering a smooth banking experience via Messenger, but news of the company seeking personal bank details of users is bound to raise concerns, especially after the Cambridge Analytica scandal.

Aug 7, 2018

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Bumper opening for HDFC AMC on stock exchange; Prices surge 65 percent on debut

As compared to the issue price of Rs. 1,100 HDFC AMC shares shot up to Rs. 1,844 at day's high on NSE.

Aug 7, 2018

Viagra: Pfizer set to lose patent-protected monopoly in US; 7 Indian firms readying clones

When the Indian firms start selling the pill in the US, prices are expected to fall by a staggering 99 percent. While each pill of Viagra costs $65 (Rs 4,450) in the US, its Indian clones sell for as little as Rs 32 per tablet in India.

Aug 7, 2018

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Business news

Saudi Arabian PIF 'reluctant' for Tesla buyout proposal

Hefty discounts by e-commerce players likely to attract CCI regulatory probe

Walmart-Flipkart deal to fetch Narendra Modi-led govt Rs 13,000 crore in tax?

Jet Airways needs Rs 3,500 crore immediately to keep flying - Report

Over 17,000 jobs at risk as UK's retail giant House of Fraser goes into administration

Continental to create 2,000 jobs as India's automobile industry hits the fast lane

Jet Airways' Naresh Goyal apologises to shareholders for losses and plummeting shares in glum Q1

Jet Airways layoffs: After pay cut plans failed to materialise, airline letting go 500 staffers?

ICICI Bank wrote down massive bad loans but didn't tell investors - Report

Privacy alert: Why is Facebook seeking bank details of customers from major US banks?

Bumper opening for HDFC AMC on stock exchange; Prices surge 65 percent on debut

Viagra: Pfizer set to lose patent-protected monopoly in US; 7 Indian firms readying clones

How an Indian woman took a multinational company to new heights: Here is Indra Nooyi's success story

PepsiCo CEO Indra Nooyi steps down after 12 years, President Ramon Laguarta to succeed

Burberry gets new logo after 20 years; Twitter 'doesn't like it much'