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Azim Premji to retire from Wipro; son Rishad to take over

IT czar Azim Premji will retire as executive chairman of Wipro with effect from July 30, but will continue to serve on the board as non-executive...
Business

Fiat Chrysler backs out of Renault merger proposal

Italian-American carmaker Fiat Chrysler on Thursday withdrew its blockbuster proposal to merge with Renault, blaming political objections in Paris and sparking a war of...
Business

India lost USD 13 billion to trade misinvoicing: Report

India lost a staggering USD 13 billion, over Rs 90,000 crore, to trade misinvoicing, equivalent to 5.5 per cent of the value of the...
Business

RBI removes charges on RTGS/NEFT transactions; asks banks to pass on benefits

The Reserve Bank of India Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital...
Business

World Bank retains India’s growth rate for FY 19-20 at 7.5%

India is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption, the World Bank...
Business

India’s Airtel seeks $750m from Africa unit’s IPO

India's debt-laden telecoms giant Bharti Airtel hopes to raise $750 million when it lists its African unit on the London Stock Exchange, the company...
Business

Bank Fraud Touched Unprecedented Rs 715 billion in 2018-19: RBI

Over 6,800 cases of bank fraud involving an unprecedented Rs 715 billion have been reported in 2018-19, the Reserve Bank of India has said....
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