Companies

End of free calls? Reliance Jio starts charging 6p/min for calling other operators

Now with the new condition, all Jio users wanting to call on Vodafone Idea and Airtel networks will have to buy additional top-up vouchers of Rs 10, Rs 20, Rs 50 and Rs 100

Oct 10, 2019

Lakshmi Vilas Bank put under prompt corrective action framework

RBI pulls plug on Lakshmi Vilas Bank merger bid with Indiabulls Housing Finance

Lakshmi Vilas Bank placed under regulatory restrictions over high leverage last month will have to explore other ways to raise capital; IndiaBulls may turn to share buyback.

Oct 10, 2019

Enhancing its BPO services, Infosys takeovers Eishtec in Ireland

The analysts have said that acquisition would be part of Infosys's strategy to expand its BPO services in the Irish market.

Oct 9, 2019

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Will there be any taker for Air India as 100% stake sale proposal sweetens deal?

Finance Minister Nirmala Sitharaman hopes to raise Rs 1.05 lakh crore from once-shelved Air India stake sale while struggling to make up the Rs 1.45-lakh-crore largesse lost to a corporate tax cut amid worsening revenue account deficit.

Oct 9, 2019

Oyo raises $1.5 billion in fresh round of funding, to target US market

The funds will be used to expand Oyo's business in the United States, its fastest-growing market and strengthen its vacation rentals business in Europe.

Oct 8, 2019

Major corporate lay-off: After Cognizant, HP India to fire 500 people in India

HP will fire 7,000-9,000 employees globally by 2022 as part of a restructuring of operations intended to cut costs

Oct 7, 2019

YES Bank seeks police probe over fake news; woos Microsoft for investment

Private lender YES Bank seeks multidisciplinary team to investigate the spread of alleged false news that has hit the bank's market cap; bank seeks strategic investment from Microsoft or one of the two other tech firms it is in talks with

Oct 7, 2019

HSBC to cut up to 10,000 jobs in drive to reduce costs: Report

HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month.

Oct 7, 2019

Amazon, Flipkart vie for top festival season honours; both report record sales

Even while claiming higher sales than the rival during this festival season, both Flipkart and Amazon are thrilled that record orders from tier-3 cities helped them scale the biggest-ever festival sales during the six-day period that ended on Friday.

Oct 5, 2019

Another trouble at HAL as trade union calls for indefinite strike from October 14

HAL management has urged the wage revision seeking union to call off strike in the national interest.

Oct 5, 2019

PMC Bank scam: How Waryam Singh built his empire

Waryam Singh, who was close to two Union Cabinet Ministers in the UPA-2 government, wielded enormous media power to enhance HDIL's business prospects.

Oct 5, 2019

IRCTC IPO set for bumper debut at Dalal Street, subscribed 112 times, most successful in 20 months

As per the National Stock Exchange data, the IPO got bids for 225.6 crore shares as against the total issue size of 2.02 crore shares.

Oct 4, 2019

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

The ED has filed a money laundering case in the Rs 4,355 crore PMC Bank fraud and also registered an ECIR, equivalent to FIR, against crisis-hit real estate firm HDIL and its promoters.

Oct 4, 2019

Softbank's technology investment fund plans hit by WeWork debacle

Major investors have yet to sign on, leaving a $38 billion pledge from publicly traded Softbank Group itself as the only large commitment.

Oct 4, 2019

Deep discounts by e-commerce players: Offline players demand similar deal

In its letter to Samsung, AIMRA argued that last year's festive season was worst ever in terms of sales for the offline mobile retail business and they have started to face the heat this year as well.

Oct 3, 2019

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Companies

End of free calls? Reliance Jio starts charging 6p/min for calling other operators

RBI pulls plug on Lakshmi Vilas Bank merger bid with Indiabulls Housing Finance

Enhancing its BPO services, Infosys takeovers Eishtec in Ireland

Will there be any taker for Air India as 100% stake sale proposal sweetens deal?

Oyo raises $1.5 billion in fresh round of funding, to target US market

Major corporate lay-off: After Cognizant, HP India to fire 500 people in India

YES Bank seeks police probe over fake news; woos Microsoft for investment

HSBC to cut up to 10,000 jobs in drive to reduce costs: Report

Amazon, Flipkart vie for top festival season honours; both report record sales

Another trouble at HAL as trade union calls for indefinite strike from October 14

PMC Bank scam: How Waryam Singh built his empire

IRCTC IPO set for bumper debut at Dalal Street, subscribed 112 times, most successful in 20 months

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

Softbank's technology investment fund plans hit by WeWork debacle

Deep discounts by e-commerce players: Offline players demand similar deal

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]