World business report
US H-1B Visa: Now spouses of visa holders to get work permits
The US today announced that it will provide work permits to spouses of H-1B visa holders beginning May 26, a move that is expected to benefit thousands of talented and professional Indian spouses …
third quarterI
Godrej Industries third quarter net profit rises 39% to Rs 91 crore
Godrej Industries on Wednesday reported 38.96% increase in consolidated net profit at Rs 90.65 crore for the quarter ended December 2014. The company had posted a net profit of Rs 65.…
xiaomi
Homegrown Micromax dethrones Samsung as India's largest smartphone maker
Homegrown handset maker, Micromax has become India's biggest smartphone vendor, replacing Korean electronics giant Samsung, research firm Canalys said. In the recently concluded October-D…
vodafone
Waiting for right time to list Vodafone India: Group CEO Colao
UK-based telecom major Vodafone today said it plans to list its Indian unit on local bourses and is waiting for the right time for the IPO. "Listing decisions have to be taken in t…
taxes
Flipkart, Jabong slapped with Rs 53.63 crore fine
Kerala Commercial Taxes Department has slapped a fine of Rs 53.63 crore on four online trading companies including Flipkart and Jabong for allegedly doing illegal business in the state. …
Mercedes Benz
Mercedes Benz bets on pre-owned car business with new brand
German luxury car manufacturer Mercedes Benz India is looking to garner a larger share of the growing pre-owned luxury car market as it launched a new brand Mercedes Benz Certified on Thurs…
Titagarh Wagons
Suresh Prabhu in saddle, Railways plans new public-private partnership projects
In coming days, Railways plan to bring in other type of projects like development of stations to the public-private partnership route. In a meeting this week, the Railways officials are …
market report
GDP grows 5.3% in Q2 as services, mining hold fort
The Indian economy grew 5.3% during the July-September quarter, marginally better than market expectations of 5.1%. The improvement in the gross domestic product (GDP) was largely due to growth i…
Supreme Court
Banks face Rs 96,000 crore hit on coal block cancellations
A Supreme Court order scrapping most coal extraction permits given to companies would have a likely impact of Rs 96,484 crore on state-run lenders, the minister of state for finance Jayant Sinha …
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websites
Get huge discounts from Black Friday to Cyber Monday
Black Friday and Cyber Monday have been a big time for shopping in other places of the world but not so much in India. This year, India will also be able to benefit from some of the amazing disc…
Web Exclusive
Amazon to acquire Jabong for $1.2 billion: Reports
American online retail giant Amazon is reportedly planning to acquire Indian online fashion retailer Jabong.com. The move to take over Jabong is backed by Rocket Internet and the deal is believ…
market report
Make financial resolutions for a secure future
Every year we make so many resolutions, which usually range from very personal – will lose weight, will travel more, will work hard etc. to grandiose ones such as will buy a house, will g…
Tata motors
Tata Motor to replicate Maruti Suzuki's rural model
Mayank Pareek, former COO of sales and marketing at Maruti Suzuki, who recently joined Tata Motors, is looking to replicate the time-tested rural model and change the fortunes of car unit of Mumb…
Spicejet
SpiceJet will need war chest of $250 million to turnaround
Budget airline SpiceJet Ltd would require a war chest of close to $250 million, a committed investor or group of investors with a hunger for high risk and an unwavering sight on the restructuring…
kunal shah
At 32, Kunal Shah becomes youngest Partner at Goldman Sachs
Image : Goldman Sachs Managing Director Kunal Shah. Photograph : Courtesy, Kunal Shah LinkedIn profile Kunal Shah, a 32-year old Indian-origin managing director at Goldman Sachs is among the 78 ind…
Naresh Goyal
Jet posts first quarterly profit in two years
Sale of frequent flyer programme, sale and leaseback of aircraft help it post a Rs 70 crore standalone net profit Naresh Goyal led-Jet Airways on Friday beat expectations as its reported a p…
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