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Ex-chief threatens to sue Micromax

Sanjay Kapoor

Indian mobile handset maker Micromax’s former chairman Sanjay Kapoor, who had been forced out of the job on charges of alleged financial irregularities, is contesting the same and has threatened to su

Standard Chartered to fire 1,000 top officers

Standard Chartered’s new chief executive Bill Winters plans to cut up to a quarter of the bank’s most senior staff to reduce costs, according to a memo sent to staff, a move likely to result in the lo

Maruti AGM increases FII cap to 40 per cent

Shareholders of car maker Maruti Suzuki India (MSI) have approved a proposal to raise foreign institutional investors (FII) limit in the company to up to 40 per cent from the current 24 per cent.

Regulatory hurdles may hit FDI in food, beverages business

The entry of 7.25 crore households in the $5,000-10,000 (`3-6 lakh) income bracket over next five years will drive the expansion of food and drink industry in India, but regulatory hurdles may hold ba

Home loan rate may drop by 0.3 per cent

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Crisil Research says hike in LTV ratio and cut in risk weightage will lower home loan rates

Taxmen slap fresh notice on Nokia

The income-tax department has slapped a fresh tax notice on Nokia India, tax authorities said on Friday.

Small pharmacies plan strike against e-retailers


As many as 850,000 small chemist shops in India will shut for a day next week to protest against a burgeoning online pharmacy industry that is attracting big money backers.

Coolpad to make phones in India

Coolpad vice-president Luo Zhongsheng unveils the fingerprint scanner smartphone in New Delhi on Friday. 	(Photo: Asian Age)

After Xiaomi, Chinese devices maker Coolpad said on Friday that it would invest $300 million in India to manufacture and sell low cost handsets in the country.

Market Wrap

Google tech helps save elephants in Africa

An elephant in Samburu game reserve in Kenya. 	— AFP

As elephant poaching in Africa by organised crime gangs using high-tech equipment rises, those working to stop their extinction in the wild have turned to technology too.


‘Harry Potter’ e-books come to life in new Apple edition

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You don't need to be a wizard to see the “Harry Potter” books come to life. The seven books are getting a makeover with more than 200 new illustrations in enhanced e-books made for Apple devices.

Old Bombay-Delhi battles used to go like this. Delhi : Look at our wide roads, our grand homes, our lovely winter. Bombay: You are an overgrown village. This then changed to —

Prime Minister Narendra Modi is developing the habit of responding only to prodding of the presidential variety. The credit for securing the first response goes to American President Barack Obama.