Business

Before Tumblr, founder made mom proud. He quit school

JENNA WORTHAM & NICK BILTON When David Karp was 14, he was clearly a bright teenager. Quiet, somewhat reclusive, bored with his classes at the Bronx High School of Science. He spent most of his free ......read more

Apple denies tax ‘gimmicks’ as criticism mounts

Apple Inc’s CEO disputed assertions by a US Senate panel that the company avoids billions of dollars in United States taxes by shifting profits to foreign affiliates. Tim Cook testified at a hearing T......read more

JPMorgan shareholders support Dimon's dual roles in vote

JPMorgan Chase & Co shareholders voted in support of chairman and CEO Jamie Dimon maintaining both roles, rejecting a proposal from shareholders who said the corporate governance structure was flawed,......read more

Sensex dips 112 pts on profit booking

Falling for the second day, the BSE benchmark Sensex today slid by over 112 points to close at one-week low of 20,111.61, mainly due to profit booking in interest rate sensitive sectors including real......read more

Rajat Gupta to appeal against conviction

Former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court later today by arguing that the case rested exclusively on circumstantial evidence that ......read more

FinMin to send letters to 70K tax non-filers

Encouraged by the results of letters sent to non-filers of income tax returns earlier, the finance ministry is in the process of sending 70,000 more letters to high-priority assessees who have not fil......read more

Sex scandal grounds Phaneesh's comeback stint with iGate

IT'S déjà vu for Phaneesh Murthy, as he rushed in to try and defend himself once again against sexual harassment charges, hours after the board of directors of iGate Corporation terminated his employ......read more

Chinese Premier at TCS, only Indian group on itinerary

Chinese Premier Li Keqiang on Tuesday visited the global software development centre of Tata Consultancy Services (TCS) in Mumbai and engaged closely with senior Tata Group officials on matters of mut......read more

ING tests waters to exit ING Vysya, approaches banks to consider deal

Dutch financial group ING may be considering an exit from ING Vysya, its Indian banking venture in which it holds 43 per cent stake. Sources confirm merchant bankers have approached leading Indian ba......read more

‘When none of the 12 telecom operators bid, where is the question of a cartel?’

Vodafone India CEO Marten Pieters is optimistic about the growth of Indian market. He is of the view that the market will soon be left with a maximum of six operators, one being a PSU. In an interview......read more

FIIs to pay 5% withholding tax on gilts, corp bond incomes

The government on Tuesday further relaxed the tax regime for foreign investors investing in corporate bonds in the country. The foreign institutional investors (FIIs) parking their money in governmen......read more

Essar Energy, 19 others ink $1.5-bn deals with Chinese cos

Domestic and Chinese firms signed as many as 20 trade and trade finance pacts here today totalling USD 1.5 billion with Essar Energy topping the deal sheet with a USD 1-billion loan agreement with Chi......read more

India Inc to ink deals worth $1.4 bn

Indian and Chinese enterprises are set to sign agreements worth $1.41 billion (Rs 7,755 crore) during Chinese Premier Li Keqiang’s ongoing visit to India. While 20 deals are set to be signed between c......read more

China, India CEOs resolve to push trade to $100 billion

Participating at the India-China CEOs Forum, around 20 top industrialists from China and India resolved to propel bilateral trade to $100 billion within two years from $ 67 billion in 2012. Indian CE......read more