Companies

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

The Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.

Nov 26, 2019

Apple supplier Salcomp to invest $279 million in new Indian plant

The widening of Apple's supplier base in India, the world's second-biggest smartphone market, is a boost to Prime Minister Narendra Modi's "Make in India" drive.

Nov 26, 2019

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

Jio and Airtel are eyeing Reliance Communications' assets that include spectrum, towers, fibre network and real estate, heating up telco wars further.

Nov 26, 2019

WhatsApp invests $250,000 into Indian startup ecosystem

The investment will provide 500 startups approved by the Department of Industrial Policy and Promotion (DPIIT) with $500 each of Facebook ad credits.

Nov 26, 2019

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Paytm plans to invest ₹10,000 crores over the next three years to bring financial inclusion to areas, which are yet to get traction.

Nov 25, 2019

Louis Vuitton owner to buy Tiffany & Co for $16.2 billion, biggest acquisition of all time

Fashion and accessories brands including Christian Dior generate the bulk of earnings at LVMH, run by France's richest man, Bernard Arnault, though growth in jewellery has shone in recent years.

Nov 25, 2019

How Swiggy turned novel idea into successful business model

Swiggy has spearheaded the cloud kitchen initiative towards success in a matter of just two years.

Nov 25, 2019

cash, money, atm, layoffs, salary, hike, money, mutual funds, employees, hiring, it jobs, it hiring, tcs, wipro, infosys, tech mahindra

Karvy stock broking scam: Here's all you need to know about Rs 2,000 crore fraud

An investigation by National Stock Exchange (NSE) showed that between April 2016 and October 2019, Karvy had transferred a net amount Rs 1,096 crores to its group firm Karvy Realty.

Nov 24, 2019

More than 500 hotels across 100 cities check-out of Oyo Rooms; here's why

The customers seem to have sandwiched between the tussle as they are complaining on the social media that hotels are accepting their bookings made on hotel aggregator Oyo's website when they tried checking-in.

Nov 23, 2019

What does future hold for DHFL after RBI supersedes board?

Adversely affected by country's non-banking financial corporation (NBFC) crisis, the DHFL's debt has significantly ballooned to Rs 88,000 crore.

Nov 22, 2019

Subash Chandra to cede control of Zee Entertainment after stake sale

The promoter stake in Zee Entertainment will be reduced to 5 per cent, which means that media baron Subhash Chandra will lose control of Zee Entertainment Enterprises Ltd.

Nov 21, 2019

Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

FM Nirmala Sitharaman said that while the Centre will strategically disinvest BPCL, SCI and CONCOR, it will sell its entire stake in THDC India Ltd and NEEPCO to another state-run power major, NTPC.

Nov 21, 2019

Government grants telcos relief by deferring spectrum payments

SC had earlier said telecom operators must pay the pending amount of nearly $13 billion to the government within three months, putting leading operators Vodafone Idea and Bharti Airtel at risk.

Nov 21, 2019

Challenges faced by major airlines reflect in plane orders at Dubai Airshow

As the premier air show entered its fourth day, the overall order position is much lower than that of the previous edition two years ago.

Nov 20, 2019

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Companies

Must sell now: Fall in direct tax collection hastens urgency of privatisation

India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

Apple supplier Salcomp to invest $279 million in new Indian plant

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

WhatsApp invests $250,000 into Indian startup ecosystem

Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Louis Vuitton owner to buy Tiffany & Co for $16.2 billion, biggest acquisition of all time

How Swiggy turned novel idea into successful business model

Karvy stock broking scam: Here's all you need to know about Rs 2,000 crore fraud

More than 500 hotels across 100 cities check-out of Oyo Rooms; here's why

What does future hold for DHFL after RBI supersedes board?

Subash Chandra to cede control of Zee Entertainment after stake sale

Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

Government grants telcos relief by deferring spectrum payments

Challenges faced by major airlines reflect in plane orders at Dubai Airshow

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]