Business Today

Why do we blame Independent Directors for every corporate fubar?

Given how much money went down in the IL&FS fubar, public outrage against everyone connected with the company was to be expected. That said, the sheer volume of venom that targeted Independent Directors seemed unfair.

China's BBK Electronics no. 2 smartphone maker in India after Samsung

With brands Oppo and Vivo, China's BBK Electronics is India's number 2 smartphone maker by revenue.

SK Birla's Digjam shuts woollens factory amid liquidity crunch

In a stock exchange filing, the company said it has stopped the manufacturing of woollen and worsted fabrics "in view of extremely tight liquidity and working capital position".

Paytm employees arrested for blackmailing boss, Vijay Shekhar Sharma, for Rs 20 crore

The three employees of the Noida-headquartered e-commerce and wallet firm were arrested, while the fourth accused in the case is still at large, a senior official said.

Direct tax collection grows 15.7% to Rs 4.89 lakh crore, says CBDT

As per the latest data, the number of taxpayers getting refunds is up by 62 per cent from 1.22 crore refunds in the corresponding period of the last fiscal