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Business News

  • The Week That Was: Uneasy truce at Infy, TCS buyback, RIL rally, Snapdeal layoffs

    The Week That Was: Uneasy truce at Infy, TCS buyback, RIL rally, Snapdeal layoffs  

    The trading week gone by was only four days long. but there was a flurry of activity across IT, e-commerce and banking.

    24 Feb 2017, 6.08 pm  |  Source: Moneycontrol.com

  • Bitcoin hits record high above $1,200 on talk of ETF approval

    Bitcoin hits record high above $1,200 on talk of ETF approval  

    Traditional financial players have largely shunned the web-based "crytpocurrency", viewing it as too volatile, complicated and risky, and doubting its inherent value.

    24 Feb 2017, 5.16 pm  |  Source: Reuters

  • India`s steel exports register three-fold increase in January

    India's steel exports register three-fold increase in January  

    The massive jump in exports comes amid government providing extensive support to the domestic steel industry by way of various trade remedial measures including anti-dumping.

    24 Feb 2017, 4.30 pm  |  Source: PTI

  • Prabhat Dairy looks to strengthen footprint in Gulf region

    Prabhat Dairy looks to strengthen footprint in Gulf region  

    For a vast customer base in the Gulf Region and other markets, the company will introduce its wide range of cheese and milk products at 'Gulfood 2017', an international food trade show being organised in Dubai between February 26 ...

    24 Feb 2017, 4.26 pm  |  Source: PTI

  • Bharti`s buyout of Telenor India credit positive: Moody`s

    Bharti's buyout of Telenor India credit positive: Moody's  

    Yesterday, telecom operator Bharti Airtel announced its decision to acquire Norwegian Telenor's India unit, signalling a fresh round of industry consolidation that has intensified in the wake of disruptive entry of newcomer Relian...

    24 Feb 2017, 4.10 pm  |  Source: PTI

  • Shoppers Stop sells nearly entire 5% in airport retail venture

    Shoppers Stop sells nearly entire 5% in airport retail venture  

    "The company's shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 percent to 0.00035 percent of the paid-up share capital of NGFL," Shoppers Stop said in a regulatory filing.

    24 Feb 2017, 4.10 pm  |  Source: PTI

  • WhatsApp keen to plug into India`s digital commerce play

    WhatsApp keen to plug into India's digital commerce play  

    Highlighting the country's importance, Acton said WhatsApp hopes to contribute more to "India's vision for digital commerce in future".

    24 Feb 2017, 3.34 pm  |  Source: PTI

  • We plan to grade schools, train teachers better: Education Secy

    We plan to grade schools, train teachers better: Education Secy  

    In that context lots need to be done. While examining all the aspect number of ways can be done. Our focus on the quality of teachers. If the problem of related to teacher can be solved education can be takeoff especially.

    24 Feb 2017, 3.33 pm  |  Source: Moneycontrol.com

  • Business models of e-tailers have not worked: T V Mohandas Pai

    Business models of e-tailers have not worked: T V Mohandas Pai  

    "E-tailers will have large problems because their model is running out of steam. The model has not worked. So, people are reluctant to give them money. They got a challenge. They got work it out. It's going to be a tough year," th...

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • ONGC board approves pact to acquire GSPC stake for USD1.2 bn

    ONGC board approves pact to acquire GSPC stake for USD1.2 bn  

    The Board of state-owned ONGC has approved signing of definitive agreements for buying debt- laden GSPC's entire 80 per cent stake in KG-basin natural gas block for USD 1.2 billion.

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • Voylla eyes retail expansion, chases Rs 300 cr sales

    Voylla eyes retail expansion, chases Rs 300 cr sales  

    The company, at present, has 123 retail touch points -- which include exclusive stores, shop in shops in large multi-brand outlets and kiosks -- in India.

    24 Feb 2017, 3.04 pm  |  Source: PTI

  • Infy seeks shareholders` nod for new Articles of Association

    Infy seeks shareholders' nod for new Articles of Association  

    "The Board has recommended the adoption of new Articles of Association of the company in conformity with the Companies Act, 2013 to the shareholders for approval," Infosys said in a BSE filing.

    24 Feb 2017, 2.44 pm  |  Source: PTI

  • Airtel-Telenor deal done, Idea-Vodafone on weekend: What`s next?

    Airtel-Telenor deal done, Idea-Vodafone on weekend: What's next?  

    The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Ji...

    24 Feb 2017, 2.38 pm  |  Source: Moneycontrol.com

  • Fin sector jobs to be lost to mergers, tech & cost pressures

    Fin sector jobs to be lost to mergers, tech & cost pressures  

    After its associate banks are merged into the State Bank of India (SBI), about 200,000 jobs could be cut, said CH Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA).

    24 Feb 2017, 2.30 pm  |  Source: Moneycontrol.com

  • Tata Steel gets EC for Haldia coke plant expansion

    Tata Steel gets EC for Haldia coke plant expansion  

    "The Environment Ministry has given the EC to Tata Steel for expansion of its coke oven plant to 2.2 MTPA subject to certain conditions," a senior government official said.

    24 Feb 2017, 2.28 pm  |  Source: PTI

  • Consolidation in telecom sector may lead to 1 mn job losses

    Consolidation in telecom sector may lead to 1 mn job losses  

    According to a GSMA report, India’s telecom sector directly employs 2.2 million people and 1.8 million indirectly. Consolidation in the sector could cause nearly a third of these jobs to be shed.

    24 Feb 2017, 2.15 pm  |  Source: Moneycontrol.com

  • Without reskilling, IT`s 1 mn workforce will struggle to stay

    Without reskilling, IT's 1 mn workforce will struggle to stay  

    The shift the industry is currently undergoing is evident from growth numbers, which have plummeted to mid-single digits in the last few years. And for the first time, industry body Nasscom has deferred its annual growth guidance.

    24 Feb 2017, 2.00 pm  |  Source: Moneycontrol.com

  • India faces 1.5 mn white-collar job crisis in telecom, IT, BFSI

    India faces 1.5 mn white-collar job crisis in telecom, IT, BFSI  

    India is staring at an imminent jobs crisis as three leading service sectors — which have been engines of job creation for two decades now — get ready to shed jobs by the tens of thousands, each driven by its own dynamic.

    24 Feb 2017, 1.42 pm  |  Source: Moneycontrol.com

  • Zydus Cadila to launch seasonal flu vaccine in India

    Zydus Cadila to launch seasonal flu vaccine in India  

    The company has received approvals from Drug Controller General of India (DCGI), Central Drugs Standard Control Organisation (CDSCO) and Central Drug Laboratory (CDL) to market the tetravalent inactivated influenza vaccine Vaxiflu...

    24 Feb 2017, 1.38 pm  |  Source: PTI

  • Infosys to tweak Articles, likely to announce share buyback soon

    Infosys to tweak Articles, likely to announce share buyback soon  

    After Tata Consultancy Services, the country’s second largest software company Infosys may soon announce it’s first-ever share buyback. The company has sought shareholders’ approval to tweak its Articles of Association, whic...

    24 Feb 2017, 1.22 pm  |  Source: Moneycontrol.com

  • TCS for `level playing field` amid US visa overhaul

    TCS for 'level playing field' amid US visa overhaul  

    Gopinathan, who took charge as CEO this week, acknowledged that that there are political ramifications that need to be dealt with given the shift in demographics and political elements.

    24 Feb 2017, 1.20 pm  |  Source: PTI

  • Daimler India eyes 100 launches this yr, to take on Tata Motors

    Daimler India eyes 100 launches this yr, to take on Tata Motors  

    German commercial vehicle heavyweight Daimler will make new investments while launching 100 products this year to take on the competition of Tata Motors and Ashok Leyland, who control 62 percent of the total domestic CV market.

    24 Feb 2017, 12.28 pm  |  Source: Moneycontrol.com

  • Wind tariff falls to all-time low of Rs 3.46 per unit

    Wind tariff falls to all-time low of Rs 3.46 per unit  

    Wind power tariff dropped to a record low of Rs 3.46 per unit today in an auction of 1,000 MW capacity conducted by Solar Energy Corporation of India (SECI).

    24 Feb 2017, 11.54 am  |  Source: PTI

  • Could consolidation in telecom space trigger job cuts?

    Could consolidation in telecom space trigger job cuts?  

    On one hand, these mergers could help bigger incumbents increase their subscriber base, and provide competitive pricing but on the other hand, this is also likely to wipe off 10-15 percent of jobs in the telecom space, reports an ...

    24 Feb 2017, 11.24 am  |  Source: CNBC-TV18

  • Ola, Uber drivers call off strike after `some` demands are met

    Ola, Uber drivers call off strike after 'some' demands are met  

    The 13-day-long taxi strike in the national capital, that had lost much of its steam, today ended following a meeting of Ola, Uber drivers with the Delhi government and company managements.

    24 Feb 2017, 11.14 am  |  Source: PTI

  • Fund raising via QIPs down 76% to Rs 4,627 cr in 2016

    Fund raising via QIPs down 76% to Rs 4,627 cr in 2016  

    The funds have been mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes.

    24 Feb 2017, 10.56 am  |  Source: PTI

  • CEOs of Nifty cos earn 237 times their organisation`s median pay

    CEOs of Nifty cos earn 237 times their organisation's median pay  

    A report by Economic Times Intelligence group on the salary drawn by CEOs of Nifty companies’ pegs average annual remuneration at Rs 13 crore, nearly 237 times the median pay scale drawn by other employees at their respective co...

    24 Feb 2017, 10.54 am  |  Source: Moneycontrol.com

  • Tesla`s `close to the edge` cash foretells capital raise

    Tesla's 'close to the edge' cash foretells capital raise  

    Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial...

    24 Feb 2017, 10.52 am  |  Source: Reuters

  • How your ATM could dispense Children`s Bank notes too

    How your ATM could dispense Children's Bank notes too  

    ATMs are not designed to check the genuineness of currency notes at the time of dispensing. However, if a bank customer attempts to deposit fake currency, the machine will not accept.

    24 Feb 2017, 10.41 am  |  Source: Moneycontrol.com

  • Volvo eyes long haul transportation segment in India

    Volvo eyes long haul transportation segment in India  

    The company, which makes premium trucks for specialised sectors like mining, buses and construction equipment, also aims to cut logistics cost by achieving greater efficiency and minimising wastage.

    24 Feb 2017, 10.32 am  |  Source: PTI

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