Infosys shareholders want Narayana Murthy back, but he declines
Infosys shareholders today made a strong pitch for the return of co-founder Narayana Murthy to the company once again, which the IT czar declined by calling …
Archive by category Business
Eicher Polaris launches Multix in India at Rs 2.32 lakh
Eicher Polaris Private Limited has launched its first vehicle in India, the Multix at Rs 2.32 lakh (ex-Jaipur). The company has labelled it as India’s first …
Ducati launches two new Scrambler variants in India
Ducati has launched two more variants of its entry level motorcycle, the Scrambler as well as officially announced the commencement of sales in India. Ducati …
Rupee gains 9 paise against dollar
The rupee pulled back 9 paise to 64.07 against the dollar in early trade on Tuesday, snapping its three-day falling streak at the Interbank Foreign Exchange on …
Cairn India to Merge With Vedanta Ltd in $2.3-Billion Deal
Mining and energy group Vedanta Ltd made a $2.3 billion (Rs 14,720 crore at 1 dollar = 64 rupees) offer on Sunday to buy out minority shareholders in cash-rich …
Utility bills valid proof of address to open account: RBI
Bills forcc postpaid mobile service, piped gas and water supply can now be submitted as proof of address for opening account with banks or other financial …
HSBC to dismiss upto 50,000 people, slash investment bank
HSBC will shed almost 50,000 jobs and take an axe to its investment bank, cutting the assets of Europe’s biggest lender by a quarter in a bid to simplify …
RBI allows banks to takeover ownership of stressed firm
RBI on Monday allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a …
RBI monetary policy review today, interest rates likely to be cut as inflation eases
The Reserve Bank of India is set to cut interest rates on Tuesday for the third time in 2015 as inflation has eased enough to allow the central bank to provide …
British Workers at Tata Steel’s Biggest Trade Union Vote to Strike
Tata Steel UK’s biggest trade union voted on Friday to go on strike, setting the scene for the biggest labour action in the British steel sector in three …