The Central Bureau of Investigation (CBI) has recovered Rs 20 crore in cash during searches at 13 locations against two former Chief Commercial Managers (Catering), Northern Railways officials and seven private firms in connection…
Delhi High Court on Tuesday sought response from the Centre and Delhi’s AAP government on Uber’s petition that the authorities be restricted from interfering with its business. A bench of Chief Justice G Rohini and Justice Jayant…
The Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) probe into the Bank of Baroda Scam reached the doorsteps of HDFC Bank on Tuesday after one of the six persons arrested by the agencies turned out to be an official of HDFC Bank’s forex department.
Rajiv Bansal, EVP and the CFO of Infosys, has stepped down from his post. Ranganath Mavinakere, EVP and head of strategic operations and CEO’s office was appointed to replace him.
Vodafone India has won its legal battle against the income-tax department in an Rs 8,500 crore transfer pricing case in the Bombay High court. The dispute relates to the sale of the Ahmedabad-based call centre business…
A former Wipro employee has sued the IT major for up to 1 million pound, accusing a former senior executive of sexual harassment and the company of unfair dismissal. However, the firm has dismissed the allegations as…
A Digitimes article has highlighted a BCN report which claimed that the latest iteration of the Apple iPhone failed to do good business in Japan. The report added that the iPhone 6s and the iPhone 6s Plus racked up sales…
Giving a push for clean energy, Germany on Monday pledged about 1 billion euros (Rs 7,300 crore) assistance for India’s solar projects as the two countries decided to forge a renewable alliance to boost cooperation in the sector.
Producing permanent account number (PAN) card details for cash purchases beyond a certain limit will be mandatory in the future, according to Union Finance Minister Arun Jaitley.
The Government of India received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that ended on Wednesday, September 30. However, the money declared is far less than what Prime…
The Supreme Court (SC) has rejected pleas of Essar Teleholdings Ltd and its promoters challenging the Special CBI court’s jurisdiction to hold trial against them in the 2G spectrum scam case. On Sept 22, the SC had…
The Reserve Bank of India on Tuesday reduced its key repo rate by a bigger-than-expected 50 basis points (bps) to 6.75%, with inflation running low and the economy in threat of slowing down.
Reliance Industries (RIL) chairman Mukesh Ambani has topped Forbes India Rich list for the ninth year in a row with a net worth of $18.9 billion, while ecommerce giant Flipkart’s co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
A survey has revealed that Indian IT companies are among the 10 worst paymasters in the world. In India a mid-level IT manager gets an average salary of $41,213 while his Swiss counterpart gets over four times more.
Indian low-cost airline Spicejet is offering a festive discount that slashes airfares by up to 15 per cent on domestic flights on booking through mobile app, and 10 per cent discount on booking through the official website…
Tata Steel will sell stock worth Rs 2500 crore ($376 million) it holds in Tata Motors in the two separate transactions of Rs 1,250 crore. Tata Steel said it will also sell similar stake in Tata Motors to its promoter…
As part of its efforts to reduce its expenses, Hewlett-Packard (HPQ) is preparing to slash another 30,000 jobs. The spinoff will be completed by the end of next month, cutting 25,000 to 30,000 jobs within HP Enterprise.
Shares of Larsen & Toubro (L&T;) Finance rose over 4 percent to Rs. 66.75 on reports that U.S.-based Bain & Company is planning to buy $300m stake in the company.
In connection with an investigation into United Airline’s dealings, the chairman and CEO of the company has decided to step down. United Continental Holdings Inc. said Tuesday that Jeff Smisek and two other senior executives…
ONGC Videsh Ltd (OVL) has bought a 15 percent stake in Russia’s second largest oil field from Rosneft for about Rs 8,932.95 crore. OVL signed agreements in Moscow to buy stake in the Vankor oil field in East Siberia…
Sanjay Kapoor, the chairman of Micromax, has resigned after serving a little more than a year. In an email, the company said “Mr Sanjay Kapoor has decided to move on”. Some individuals, familiar with the matter said that his departure is a result of differences with promoters regarding strategy.
BSE Sensex and Nifty gained in global markets on Thursday, with Sensex rising as much as 455 points at its day’s high of 26,170.39 while Nifty hit 7,930.80. A higher trading rupee also lifted the sentiment.
With help from a strong opening in European markets and buying at lower levels, Indian stock markets started off on a high on Tuesday, with the BSE Sensex climbing around 380 points in opening trade, but panic selling…
On Tuesday, Sensex was up by 383.27 points in early trade, whereas Nifty was up by more than 80 points post India’s share markets plummeting almost 6% on Monday. Indian shares increased over one percent with regional markets…
Sensex plummeted by over 1,000 points and the rupee dropped to a two-year low on Monday in the early morning trade, amidst worldwide rout. Shanghai shares crashed 8% over the concerns that the Chinese economy had…
Maruti Suzuki India has hiked prices of all its products by up to Rs 9,000, except that of newly-launched premium crossover S-Cross, citing changes in dealer margin. The hike has come within a fortnight of rival Hyundai…
After granting in-principle approval to 11 applicants for payments banks, Reserve Bank of India (RBI) governor Raghuram Rajan said licenses for small finance banks will be announced next month.
The New York Times (NYT) story about work conditions at Amazon has got mixed response. The article describes coldhearted bosses at Jeff Bezos’ company, annual staff cuts described as “purposeful Darwinism” and grueling…
Union Minister Ram Vilas Paswan has said that the verdict by the Bombay HC does not alter the grounds on which it has claimed Rs 640 crore in damages from Nestle for false advertisement and unfair trade practices.
A startup that had raised $5.5 million suddenly dissolved. It deleted its Facebook pages, Twitter accounts, and Google + profile. It changed its website to say its “pausing operations.”
Gunman opens fire at two New Zealand mosques, 49 killed
Rahul Gandhi targets PM Modi as BJP blames Nehru for China
‘PM Modi feels he can control any state by blackmail’: Rahul Gandhi at Tamil Nadu rally
AAP MLA Amanatullah Khan threatens kin of Shaheed Abdul Subur
80-year-old mother of martyr sitting on hunger strike outside Kejriwal’s residence for over 11 hours
80-year old mother of martyr to fast unto death outside Kejriwal’s residence
Poor integration system of Delhi Metro makes it costly for users: Report
Blackbuck case: Salman Khan may get bail today
SpaceX launches largest satellite on Falcon 9’s 50th flight
Xiaomi Mi TV 4, Redmi Note 5 India launch set for Wednesday?
Fodder scam: CBI court to pronounce quantum of sentence for Lalu at 2 pm today
Are you flying from Tokyo to Delhi? Please save a critical life