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Amazon declined to put a price tag on the program, called Amazon Future Engineer, but said it will take up a big chunk of the USD 50 million that it committed to spend on computer science education last year.(AP Photo/Richard Vogel, File)

Amazon to buy 49 per cent stake in Future Retail promoter firm

Amazon will make an equity investment in a promoter group firm Future Coupons for a 49 per cent stake.

23 Aug 2019 12:42 PM IST

Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors.

United Bank of India targets Rs 1,000 cr net profit in FY20

The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottomline of Rs 95 crore.

19 Aug 2019 9:36 AM IST

Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.

Govt relaxes norms for shares with differential voting rights; to...

According to the ministry, the initiatives have been taken in response to requests from innovative technology companies...

17 Aug 2019 10:48 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 PM IST

Fitch will no longer provide ratings or analytical coverage for RCom.

RCom Q1 loss widens to Rs 366 crore

Total income of RCom during the reported period declined to Rs 866 crore from Rs 1,008 crore a year ago.

10 Aug 2019 1:01 PM IST

Online work platforms took off after Ubers founding in 2009. (Photo: AP)

Uber loses USD 5 billion, misses Wall Street targets despite easing...

The company's core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.

9 Aug 2019 9:27 AM IST

Angry Birds maker Rovio's profit hit by Hatch expansion

Angry Birds second-quarter operating profit fell 11.3 pc to 5.3 mn Euros (USD 5.94 mn) on sales that were flat at 71.8...

8 Aug 2019 1:24 PM IST

Interestingly, the promoters of Emami Group have more than adequate pool of diverse assets of value.

Emami Q1 profit up 48 per cent to Rs 39 crore

The company had reported a profit of Rs 26.46 crore in April-June a year ago.

8 Aug 2019 1:22 PM IST

Jeff Bezos, founder and CEO of Amazon.com

Jeff Bezos sells Amazon stock worth USD 2.8 billion last week

Bezos had previously said he plans to sell stock worth about USD 1 bn each year to fund his rocket company, Blue Origin.

6 Aug 2019 9:40 AM IST

S V Ranganath appointed as the interim chairman of the Coffee Day Enterprises.

Coffee Day board not to take up results for June quarter next week

The development comes in the backdrop of the company's chairman and managing director V G Siddhartha was found dead.

3 Aug 2019 11:16 AM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal reports USD 0.447 billion net loss for June quarter

The company said its gross debt was at USD 13.8 billion as of June-end this year.

1 Aug 2019 1:04 PM IST

Cafe Coffee Day chains are run by Coffee Day Enterprises.

Coffee Day Enterprises shares tank another 10 pc; hit lowest trading...

In three days, the shares have fallen by over 42 per cent on the BSE, eroding Rs 1,723.16 crore from its market...

1 Aug 2019 12:50 PM IST