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Vodafone picks BofA, Kotak, UBS, other banks for India IPO: report

British multinational telecommunications company Vodafone has mandated Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators for the IPO of its Indian unit.


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Baba Ramdev's Patanjali takes on Nestle, P&G & Colgate

Patanjali Ayurved, the FMCG venture promoted by televangelist Baba Ramdev, on Tuesday said that it had clocked a turnover of Rs 5,000 crore during FY16 and aims to double it to Rs 10,000 crore during the current fiscal.


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Cigarette stocks feel FDI heat, Godfrey Phillips tanks 17%

Cigarette stocks of Godfrey Phillips were under heavy selling pressure on Tuesday, dropping by up to 17.4%, after reports that the government is developing a proposal to completely prohibit foreign direct investment (FDI)...


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SpiceJet fires pilot for locking himself in with air hostess

SpiceJet has fired one of its commanders for allegedly making an air hostess sit with him in the cockpit of a Boeing 737 on both legs of an international flight. He also asked his co-pilot to leave, giving the two a long...


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Cornered Mallya offers Rs 1590 cr as intent to pay debt

Vijay Mallya, the Indian liquor magnate offered to deposit Rs 1,590 crore with India's top court to prove his intent to settle dues with lenders who had rejected an earlier payment proposal.


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Centre's flip-flop on PF withdrawals: How it affects you?

Buckling under pressure from trade unions and violence in Bengaluru over the restrictions on withdrawal of Provident Fund (PF) corpus, the government on Tuesday rolled back the notice that introduced these measures.


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PF norms eased: Withdrawal allowed for housing, medical, education and

Employees' Provident Fund Organisation (EPFO) has decided to amend the new rules that confine employees from withdrawing their entire provident fund (PF) balance till the age of 58.


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ED may seek Interpol's help to arrest Vijay Mallya

The Enforcement Directorate (ED) is likely to seek Interpol's help to have liquor baron Vijay Mallya deported to India, similar to how Chhota Rajan was brought back after he was nabbed in Indonesia last year.


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Vijay Mallya Didn't Misuse Loan To Buy Homes Abroad, His Firm Says

Liquor Baron Vijay Mallya, whose passport has been suspended, has rebutted allegations that he drained off nearly half of a 900-crore loan to his Kingfisher Airlines, to acquire property abroad.


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Troubles mount for Vijay Mallya

Liquor baron Vijay Mallya on Friday suffered a major blow when his diplomatic passport was suspended by the government which has threatened to revoke it.


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H-1B visa: Over 1.7 lakh techies miss US gold rush

The US Citizenship and Immigration Services (USCIS) announced on Wednesday that it has finished the computerized draw of lots for allowing 65,000 H-1B visas.


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Forecast of good monsoon set to boost economy

After two succeeding years of scanty rainfall in many parts of the country, good monsoon will increase agriculture productivity and boost India's economy.


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Organized crime prosecutors raid Panama Papers firm Mossack Fonseca

Prosecutors of a new organized crime unit in Panama raided the headquarters of law firm Mossack Fonseca, which is facing investigation after its documents, dubbed the Panama Papers, were leaked.


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H-1B Visa cap reached in less than 5 days, Indian firms lead

Demand for skilled-worker U.S. visas, known as H-1Bs, surpassed the year's entire supply in the first week that employers could file applications, prompting the government to resort to computerized draw of lots to...


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Panama Papers: Firm in British Virgin Islands tied directly to Vijay Mallya

Troubles are increasing for industrialist Vijay Mallya as his name appears in the Panama Papers leaks as well. Mallya has been related directly to an offshore firm listed in the British Virgin Islands (BVI), which has been...


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Union Minister YS Chowdary Faces Arrest Over Alleged Loan Default

A non-bailable warrant has been issued against Union minister YS Chowdary on the complaint of a Mauritius-based bank.


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SC Dismisses Plea to Cancel Reliance Jio's 4G Licence

The Supreme Court has dismissed a plea by Centre for Public Interest Litigation (CPIL) seeking cancellation of Reliance Jio's 4G licence on several grounds. A bench comprising Chief Justice TS Thakur, Justice R...


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Uber to pay $10 million to settle background check lawsuit

Ride-hailing company Uber has agreed to pay $10 million to settle allegations by California prosecutors that passengers were misled by the company about the quality of the background checks conducted on its drivers...


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Nita Ambani Ranked Most Powerful Businesswoman in Asia By Forbes

Reliance Foundation Chairperson Nita Ambani has been ranked the most powerful businesswoman in Asia by Forbes. SBI Chairman and Managing Director Arundhati Bhattacharya has been named second on the 2016 'Asia's 50...


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Banks reject Vijay Mallya's offer, say he must negotiate in person

A group of banks have informed the Supreme Court that they have rejected businessman Vijay Mallya's offer to pay back Rs 4,000 crore, less than half of defunct Kingfisher Airlines' debt. The lenders, headed by State Bank...


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RBI cuts repo rate by 25 basis points to 6.5%

The Reserve Bank of India (RBI) on Tuesday cut its policy interest rate by a quarter percentage point, lowering it to a more than five-year low. Most analysts expect the RBI to cut the repo rate to 6.50 per cent - the...


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Panama Papers expose rich Indians' tax dens; PM Modi announces probe

The Centre on Monday set up a multi-agency team to investigate alleged offshore holdings of about 500 Indians named by the International Consortium of Investigative Journalists (ICIJ). The probe was ordered after PM...


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US DOJ launches Panama Papers probe amid global pressure

Washington: Investigations were launched by prosecutors around the world on Monday in response to a massive data leak linking some of the most powerful people of the world to possible financial crimes.


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Xi Jinping, Putin Aides, Lionel Messi, 500 Indians Named In Biggest Tax Leaks

Numerous confidential documents have been leaked from one of the world's most secretive law firms, exposing how the powerful and rich have hidden their money.


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Vijay Mallya seeks time until May to appear before ED

Liquor mogul Vijay Mallya will not appear before ED investigators in Mumbai on Saturday even as he asked time till May to make a deposition before the agency which is investigating his role in a money laundering case...


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Banks looking into Rs 4,000 cr proposal; Mallya may sell UB stake to Heineken

Lenders to defunct Kingfisher Airlines on Wednesday stated that they have received an offer to settle loan from the company and they will study the proposal. Liquor mogul Vijay Mallya and Kingfisher Airlines...


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100% FDI in e-commerce marketplaces: Huge online discounts may end soon

The government's new e-commerce policy that has eased the restrictions for 100% foreign direct investment (FDI) in B2C online marketplace, confines e-commerce companies from directly or indirectly manipulating the sale price of goods on online marketplaces.


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Deal reached, minimum wage in California to be $15 an hour

A tentative deal has been reached between California legislators and labor unions taking the minimum wage of the state from $10 to $15 an hour, a state senator said.


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Flipkart, Snapdeal online battle escalates over Alibaba's entry

Earlier this month, Chinese e-commerce giant Alibaba Group's Jack Ma announced his plans of entering India to build businesses organically. The company is presently evaluating all opportunities to do so or any...


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Adobe revamps Marketing Cloud, launches co-op for cross device marketing

Adobe on Tuesday renovated its Marketing Cloud with a common user interface, better integration among its core tools, enhancements for mobile and more analytics features.


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