Read latest updates about "BUSINESS" - Page 1

  • Arriving soon: Lavender-coloured Rs 100 note

    Bengaluru: The Reserve Bank of India (RBI) will soon issue Rs 100 note in lavender colour. The new notes will have 'Rani Ki Vav', a stepwell located in Patan, Gujarat, motif on the reverse. But existing notes of the same denomination issued by the RBI in the earlier series will continue to be...

  • PNB to close most ops at trouble-hit Mumbai branch: Report

    Mumbai: The Punjab National Bank (PNB) is closing almost all its operations in its Brady House branch in Mumbai, according to Reuters. The branch was at the epicentre of the Rs 13,000 crore fraud which sent shock waves across the country and forced jewellers Nirav Modi and Mehul Choksi to flee the...

  • Believe it, Mallya has enough assets to sell for repaying loans

    Bengaluru: Fugitive Vijay Mallya has enough assets to sell and replay loans he raised from banks to fund his now defunct Kingfisher Airlines, an official said on Tuesday."The value of Mallya's assets seized by the authorities concerned is estimated to be nearly Rs 13,960 crore, while he owes about...

  • What's wrong? Infosys Murthy, other co-founders skip AGM again

    Bengaluru: For the second consecutive year, Infosys co-founders, including N.R. Narayana Murthy, skipped its 37th Annual General Meeting (AGM) for 2017-18 fiscal here on Saturday."Some of the co-founders were travelling and hence couldn't be part of the AGM," co-founder and now Chairman Nandan M....

  • Bengaluru based Swiggy raises $210 mn in new round of funding

    Bengaluru: Online food ordering and delivery platform Swiggy on Thursday said it raised $210 million in a Series G funding from two new investment firms - South Africa's Cape Town-based internet company Naspers and Hong Kong-based internet investment firm DST Global . The new round of funding will...

  • Chanda Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank

    Mumbai: Private lending major ICICI Bank on Monday announced the appointment of Sandeep Bakhshi as Wholetime Director and Chief Operating Officer (COO) designate as its MD and CEO Chanda Kochhar decided "to go on leave till the completion of the inquiry" in relation to the allegations levelled...

  • TCS to buy back shares worth Rs 16,000 cr, again

    Mumbai: The Board of Indian IT major Tata Consulting Services (TCS) on Friday approved to buy back 7,61,90,476 equity shares of Re 1 face value at Rs 2,100 per share for about Rs 16,000 crore (over $2 billion). "The buyback size is 1.99 per cent of the total paid-up equity share capital," the...

  • Investing in tech start-ups – a great opportunity for NRIs

    Recent news of Walmart investment into Flipkart is a great case study for the start-up world and more so for investors. If you review the return on investment, a 2009 first venture capital round investment (Series-A) into Flipkart returned 400x returns to investors, over eight years. This is a...

  • Centre approves Rs 24,000 cr FDI in HDFC Bank

    New Delhi: In another move to bolster the Indian banking system, the Union Cabinet on Wednesday approved a Rs 24,000 crore foreign direct investment (FDI) as additional share capital into private sector HDFC Bank, Finance Minister Piyush Goyal announced. Briefing reporters here following a...

  • RBI rate hike to make home, auto loans costlier

    New Delhi: Housing and auto loans are set to become costlier with India's central bank raising its key interest rate for the first time since January 2015, though industry stakeholders feel it will have limited impact on housing loans. "As buying decisions are generally not taken based on...

  • RBI hikes repo rate by 25 basis points to 6.25pc

    Mumbai: Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said. "Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) stands...

  • Microsoft to buy coding site GitHub for $7.5 billion

    Redmond (Washington): Microsoft on Monday announced to acquire GitHub, the world's leading software development platform, for $7.5 billion. The two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring...