Business

  • Alibaba
    May 25, 2015 23:01 IST

    Alibaba ‘fighting fakes’ by fostering local brands

    Chinese e-commerce giant Alibaba is working with 17 shoe manufacturers here to cultivate home-grown brands online after being criticised and even sued by luxury brand Gucci for facilitating the fake-goods trade.

  • Mukesh Ambani, Gautam Adani
    May 25, 2015 20:51 IST

    One year of Modi Govt: Ambanis down in stock market, Adani up

    As the Modi government completed its first year on Monday, the stock market wealth has grown by over Rs 10 lakh crore in this period with conglomerates like Tatas, Adani, Bharti, HDFC and Sun Groups clocking huge gains.

  • Indian Rupee
    May 25, 2015 22:08 IST

    Switzerland begins naming Indians, foreigners being probed at home for tax evasion

    Making public these names, the Swiss Federal Tax Administration (FTA) has asked the two Indians to file an appeal within 30 days before the Federal Administrative Court if they do not want their details to be shared with the Indian authorities under their 'mutual assistance' treaty on tax matters.

  • Arun Jaitley
    May 25, 2015 20:35 IST

    More steps on curbing black money on anvil: Jaitley

    Finance Minister Arun Jaitley on Monday hinted at coming out with more steps on squeezing black money but assured honest taxpayers that they need not fear the new law to unearth unaccounted wealth stashed abroad.

  • May 25, 2015 15:21 IST

    ICICI launches voice 'password' facility for users

    Country's largest private lender ICICI Bank today said it has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password.

  • Bombay Stock Exchange
    May 25, 2015 10:16 IST

    Sensex sinks 313 points on worries over lower earnings

    The benchmark BSE Sensex plunged over 313 points Monday to settle at 27,643.88 and the Nifty dived below the crucial 8,400 mark due to widespread profit-booking after recent gains amid lower-than-expected earnings numbers from ITC.

  • Arun Jaitley
    May 25, 2015 12:58 IST

    Squeeze parallel economy in a fair manner: Arun Jaitley to taxmen

    Finance minister Arun Jaitley asked taxmen to squeeze the parallel economy but gave an assurance that while doing so honest taxpayers may have nothing to fear about the new black money law.

  • Rupee
    May 25, 2015 10:23 IST

    Rupee snaps 2 days' rise vs dollar, down 5 paise

    Snapping its two-day rising streak, the rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks and importers amid sharp fall in the domestic equity market.

  • start up, startup
    May 25, 2015 00:19 IST

    From hikes to freebies: Start-ups go all out to retain talent

    From team holidays to adventure trips to freebies including laptops, washing machines and even bikes, start-ups are pulling out all stops to retain employees this appraisal season.

  • Naina Lal Kidwai, former president, Ficci and country head and CEO, HSBC India.
    May 25, 2015 00:06 IST

    ‘Before a firm gets into ICU, you need to address the situation’

    I believe what we have is a pretty decent report card. On the global stage India features among the top two. One year is too short to brand India as an attractive investment destination, but the build-up has happened and now we need to maintain it. To improve the ease of doing business, states must also chip in and respond.

  • Microsoft
    May 24, 2015 23:27 IST

    Stand by for Microsoft’s big acquisition

    Satya Nadella seems set for his next big purchase -- and Microsoft has about $95 billion in cash. That is about Rs 600,000 crore! Reports came at the weekend that the software giant pulled back from acquiring Salesforce.com, arguably the biggest small-business software company located in the cloud (or the internet).

  • SpiceJet
    May 25, 2015 00:36 IST

    SpiceJet gives Bombardier pilots a salary hike to keep poachers at bay

    Budget airline SpiceJet, in the middle of a turnaround, has decided to bring the salaries of its Bombardier Q400 pilots on par with those who fly Boeing 737 planes.

  • Blackberry
    May 24, 2015 10:09 IST

    Struggling BlackBerry announces new round of layoffs

    BlackBerry is laying off an unspecified number of workers around the world as the struggling smartphone manufacturer tries to make its device business profitable.

  • Walmart
    May 24, 2015 09:13 IST

    In US, Wal-Mart urges meat suppliers to curb antibiotic use

    Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals.

  • Bombay Stock Exchange
    May 23, 2015 14:56 IST

    Markets on upward trajectory, closes on 5-week high

    The markets continued their northbound journey for the third consecutive week and closed on a five week high. Both the BSE sensex and CNX Nifty surged and closed at 634 and 197 points respectively.