Business

The Ministry of Corporate Affairs is ready to strike against Deloitte Haskins and Sells in the murky IL&FS case. IANS learns that MCA has taken an aggressive view over malpractices by Deloitte over the last decade which has led to papering over the large cracks in its finances. Misrepresentation, cooking of books by auditors and malafide practices ...

Twitter on Tuesday said its revenue jumped 18 per cent to $787 million in the first quarter of this year compared to last year, while its monthly active users went down to 330 million, a year-on-year drop of six million. ...

In a move that is likely to weaken the powers of Electric Vehicle (EV) maker Tesla Founder Elon Musk and cut some of his strongest allies from the board of directors, the company has said that four of its 11-member board would step down by 2020, thus shrinking the board's size by more than a third....

Recent news about an increase in Indian corporates and state entities issuing dollar bonds is welcome news, especially since it clearly shows investor appetite for lending to credible Indian business models. However, relatively easy liquidity and high investor appetite for lending in the international markets must be tempered by the fact that bor...

Government-owned Air India can take over Jet Airways and get back the lucrative international/domestic routes if there are no white knight for the private airline, said a top All India Bank Employees' Association (AIBEA) leader....