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Business News

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

    Without reskilling, IT's 1 m 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, 2.03 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 heavy weight 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

  • Stayzilla to wind up biz following tough competition from rivals

    Stayzilla to wind up biz following tough competition from rivals  

    Chennai-based online hotel room aggregator Stayzilla is shutting down operations owing to tougher competition from bigger rivals and a tighter business environment.

    24 Feb 2017, 10.01 am  |  Source: Moneycontrol.com

  • MobiKwik to invest Rs 300 cr to expand user base, loyalty prog

    MobiKwik to invest Rs 300 cr to expand user base, loyalty prog  

    Digital wallet company MobiKwik will pump in Rs 300 crore this year to be used mainly on loyalty initiatives and expansion of user and merchant base.

    24 Feb 2017, 9.54 am  |  Source: PTI

  • We haven`t been approached by anyone: Axis Bank`s Shikha Sharma

    We haven't been approached by anyone: Axis Bank's Shikha Sharma  

    In a free-wheeling interview with Economic Times Axis Bank CEO Shikha Sharma said a marriage isn’t on the cards. She was responding to market speculation that a a bunch of suitors have come calling.

    24 Feb 2017, 9.43 am  |  Source: Moneycontrol.com

  • Hyundai will stick to 2 launches per year for next 3 yrs: Srcs

    Hyundai will stick to 2 launches per year for next 3 yrs: Srcs  

    CNBC-TV18 learns that Hyundai India will stick to its target of 2 launches per year for next 3 years.

    23 Feb 2017, 9.46 pm  |  Source: CNBC-TV18

  • Pharma body comes up with new guidelines on data integrity

    Pharma body comes up with new guidelines on data integrity  

    Data reliability or data integrity are often linked to allegations of data falsification or manipulation, which are cited as main reasons by US FDA for pulling up Indian companies as part of its regulatory scrutiny.

    23 Feb 2017, 9.27 pm  |  Source: Moneycontrol.com

  • Infosys seeks shareholder nod to amend Articles of Association

    Infosys seeks shareholder nod to amend 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.

    23 Feb 2017, 9.24 pm  |  Source: PTI

  • Uniply Industries acquires 8.78% in UV Boards

    Uniply Industries acquires 8.78% in UV Boards  

    Plywood and laminate manufacturer Uniply Industries has acquired 8.78 percent stake in UV Boards for a undisclosed sum.

    23 Feb 2017, 9.10 pm  |  Source: PTI

  • ONGC to invest Rs 7,327 cr in four projects

    ONGC to invest Rs 7,327 cr in four projects  

    State-owned Oil and Natural Gas Corp (ONGC) today said it will invest Rs 7,327 crore in developing four oil and gas projects, including the Ratna field which it had got back from Essar Oil.

    23 Feb 2017, 9.10 pm  |  Source: PTI

  • K`taka govt asks striking Uber, Ola drivers to move labour court

    K'taka govt asks striking Uber, Ola drivers to move labour court  

    Karnataka government today asked the striking drivers attached to cab aggregators Uber and Ola to approach the Labour Court, as their strike with charter of demands entered the second day today.

    23 Feb 2017, 9.10 pm  |  Source: PTI

  • Swiss firm Geberit to enter b2c segment in India

    Swiss firm Geberit to enter b2c segment in India  

    Geberit, a leading European leader in sanitary technology and bathroom ceramics, is looking to foray into b2c (business-to-consumer) retail sales in India.

    23 Feb 2017, 9.10 pm  |  Source: PTI

  • 634 drugs on NPPA`s price ceiling non-compliant list

    634 drugs on NPPA's price ceiling non-compliant list  

    As many as 634 drugs of various strengths produced by firms, including Cipla, Abbott, Astrazeneca and Dr Reddy's, are "suspected" to be non-compliant with ceiling prices as notified by NPPA.

    23 Feb 2017, 9.10 pm  |  Source: PTI

  • Canara Bank to raise Rs 716 cr from stake sale in Can Fin

    Canara Bank to raise Rs 716 cr from stake sale in Can Fin  

    State-owned Canara Bank today said it expects to raise Rs 716 crore by part selling stake in its subsidiary Can Fin Home Finance.

    23 Feb 2017, 8.58 pm  |  Source: PTI

  • Hardcastle will continue to pay 4% royalty to McDonald`s

    Hardcastle will continue to pay 4% royalty to McDonald's  

    Hardcastle Restaurants, the franchisee of McDonald's for South-West India operations, will continue to pay 4 percent royalty to the American QSR operator till March 31, 2018.

    23 Feb 2017, 8.30 pm  |  Source: PTI

  • Bike rental aggregator Wheelstreet plans pan-India expansion

    Bike rental aggregator Wheelstreet plans pan-India expansion  

    "We plan to launch our services pan-India soon. There are over 40 cities in India which currently have an unorganised two-wheeler rental marketplace," Wheelstreet.in co-founder Moksha Srivastava said in a statement here.

    23 Feb 2017, 7.54 pm  |  Source: PTI

  • SBI to merge with associates from April 1

    SBI to merge with associates from April 1  

    State Bank of India (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history of India.

    23 Feb 2017, 7.46 pm  |  Source: Moneycontrol.com

  • ADB, India ink $500 mn loan pact to expand power connectivity

    ADB, India ink $500 mn loan pact to expand power connectivity  

    India and the ADB today signed a USD 500 million loan pact to expand inter-regional power connectivity in the country, and strengthen transmission system to accommodate renewable energy-generation capacity.

    23 Feb 2017, 7.44 pm  |  Source: PTI

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