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Business
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Trade unions’ strike on Feb 23-24 deferred to March 28-29
The decision was taken at an online meeting of the joint platform of Central Trade Unions and Sectoral Federations/Associations held on Friday.
Geo-political tensions to flare-up rupee’s weakness
Last week, the rupee weakened to 75.30 levels before closing at 75.10 to a US dollar.
Budget 2022: Big boost to MSMEs expected
Congress leader and former party president Rahul Gandhi, just after the last year's Budget, said: "Modi's crony centric budget means - Struggling MSMEs given no low interest loans, no GST relief. The employers of India's largest workforce betrayed."
Jhunjhunwala-backed Metro Brands hits 20% upper circuit on Q3FY22 profits
Founded in 1955, the Mumbai-based firm deals in retail footwear. As of March 31, 2021, it operated 598 stores in 136 cities spread across the country.
Jhunjhunwala-backed Metro Brands lists with 12% discount, pares losses intra-day
The company's public offerings were subscribed 3.54 times higher than the issue.
Wish to make GIFT City a Global Financial Gateway: Sitharaman
Besides, the minister said that the bullion exchange is expected to "come into play soon" for which all the necessary infrastructure inclusive of safe vault facilities are built and are operational.
Bumper Diwali Season’s Sales: Not revenge buying but sustainable demand
As per CAIT's data, the season last year recorded sales of about Rs 72,000 crore, in 2019 it was Rs 60,000 crore and Rs 50,000 crore in 2018 and Rs 43,000 crore in 2017.
US services sector sees record growth in October amid hiring challenge
Quinlan and Seery noted that businesses continue to face "persistent labor challenges," as exhibited by the decline in the ISM services employment component to a four-month low of 51.6.
Pandemic claimed 23 lakh restaurant jobs, but tripled delivery business: NRAI
The organised sector contracted severely during FY2021 (April 1, 2020, to March 31, 2021), its estimated total turnover shrinking from the projected Rs 4.95 lakh crore to a little above Rs 2 lakh crore.
SCO Meet: India calls for special working group on start-ups
On the environment issues, the minister welcomed the need for environment protection and mitigation of adverse effects of climate change.
Rakesh Jhunjhunwala-led Akasa Air gets NOC, plans to offer Flights from summer of 2022
Jhunjhunwala will be represented by ex-IndiGo boss Aditya Ghosh in the proposed airline's board.
TCS’ YoY Q2FY22 net profit up 14.1%
In addition, TCS added 19,690 employees on a net basis in Q2FY22, taking the total employee base to 5,28,748 as of September 30.
Growth Stance: MPC to hold rates despite excess liquidity
In addition, the RBI had carried out GSAP operations of Rs 25,000 crore each in two more instalments, alongside an OMO sale operation.
SEBI relaxes eligibility norms for issue of shares with ‘superior voting rights’
This change has been made based on the feedback from market participants who felt that the requirement of six months is onerous as it delays raising funds from the capital market.
IPO-bound OYO condemns Zostel’s threats of forum shopping
Zostel's letter seems to be a part of a recent trend of claims being raised on IPO bound companies.
SEBI approves creation of Social Stock Exchange, easier M&As
Mumbai: Securities market regulator SEBI on Tuesday approved a slew of investor and business-friendly measures, including the creation…
Need to Continue Labour, Product Markets Reforms for Growth: RBI Guv
Mumbai, Sep 23: There is a need to continue with labour and product market reforms to usher in…
New Business Enterprises are heavily dependent on Scientific Technology in Contemporary India: Dr Jitendra Singh
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO,…
Retail holding at all time high while MFs reduce stake
New Delhi, Aug 9 : Holding of retail investors (individuals with up to Rs 2 lakh shareholding) in…
United Opposition corners govt first time in 7 yrs, impasse persists
While the government is questioning the timing of news reports of the snooping row, the opposition is questioning the motive and violation of law.
ICICI Bank’s YoY Q1FY22 standalone net profit up 78%
As on June 30, 2021, the bank held Covid-19 related provisions of Rs 6,425 crore.
Rakesh Jhunjhunwala faces embarrassment in Aptech insider trading case
New Delhi, July 16 : Marquee stock market investor Rakesh Jhunjhunwala has faced huge embarrassment after markets regulator…
Market Outlook: Markets to trade in a broad range
The week gone by behaved as expected with fireworks during the first three days. Thereafter correction set in…
Gujarat: Businesses to be allowed till 6 pm in 36 Cities
The curbs on businesses was imposed from April end in view of the rising number of Covid cases in these cities.
Italy fines Google 100 million euros for abuse of market position: official
MILAN: Italy’s competition watchdog said on Thursday it had fined google 102 million euros for abuse of dominant…
RBI announce Rs 35K cr G-sec Acquisition Programme
Mumbai: The RBI on Wednesday announced the second tranche of Open Market Purchase of Government of India Securities…
Amazon announces 250 million Dollar Fund for Small, Medium Businesses in India
As part of the venture fund, Amazon has announced an investment in 'M1xchange' -- a startup focusing on invoice discounting marketplace exchange for MSMEs established under the TReDS license (Trade Receivables Discounting System license).
Banks sanctions Rs 25,586 cr to 114,322 Stand-Up India accounts in 5 years
Banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs.
LIC IPO to bring in Rs 1L cr, BPCL sale may fetch Rs 80k cr: CEA
He was of the view that the disinvestment target of Rs 1.75 lakh crore for the financial year 2021-22 was "imminently achievable".
Bitcoin extends retreat from record high to hit lowest in 20 days
Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close. Bitcoin, the world’s biggest and…
Bitcoin jumps above $50,000 for first time ever
Bitcoin and cryptocurrency payment service provider ‘BitPay’ also announced that its prepaid card now supports Apple Pay for in-store, in-app and online payments.
Budget 2021-22 will fail to curb inflation
However, 14.8 per cent people said they "don't know or can't say" if this Budget will help in bringing down inflation.
Union Budget is pro-corporate, nothing for poor: CPI
The CPI leader, now in the city to attend the party's National Council meeting, said the budget opened up agriculture, insurance sector and everything for FDI.
Azim Premji and Dr Devi Shetty chosen for PCB awards
Besides them 25 senior journalists have been selected for the 'Press Club Annual Awards', a release said.
Modi Govt to sell up to 10% stake in SAIL via OFS
Shares of SAIL on the BSE closed at Rs 74.70 per share, lower by 1.58 per cent from its previous close on Wednesday.
Amazon asks SEBI, stock exchanges not to grant no-objection to Future Retail deal
It is a matter of record that no appeal under Section 37 of the Arbitration and Conciliation Act, 1996 has been filed against the interim award.
Market Watch: Festivities to continue but tighten your belt
Notwithstanding the discrepancies in the numbers, I believe the company is in a good business.
Indian aviation stocks up by 34-107% in last 3 months: Report
Besides, it said a rise in the number of unique city pairs has resulted in huge growth in the international market over the last two years.
FM reviews implementation of AatmaNirbhar Bharat package with secys
New Delhi, Dec 13 : Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers…
Moody’s revises India’s FY21 GDP contraction to (-)10.6%
Under the scheme, manufacturers in key sectors will receive incentives in the form of direct payments over five years.
BPCL shares plunge 5% as major energy Cos skip stake sale race
Investor sentiments dampened as major energy giants including Reliance Industries, Saudi Aramco, BP gave the bidding process a miss and did not submit Expressio…
Muhurat Trading Session: Indices touch new highs, banking, auto stocks rise
Mumbai: Faster economic recovery along with healthy festive season demand lifted both the key domestic equity indices to…
Finance Ministry approves MEIS allocation of Rs 39K cr for FY20
New Delhi, Nov 12: The Finance Ministry has approved the allocation of Rs 39,097 crore under the Merchandise…
Market Watch : FII’s inflows to help market register gains
Shares of Vedanta have gained in the past week post the announcement of the meeting for the interim dividend. They gained Rs 9.80, or 10.32% to close the week at Rs 104.80.
Urgent need to rationalise weights under retail inflation: Report
“Clearly, the inflation numbers based on a broken CPI methodology hides more things than it reveals and RBI will be constrained in its policy decisions, an irony in itself!”
Citigroup Q3 results beat expectations on less credit losses: JP Morgan
NEW YORK, Oct. 14 : US top-ranking banks J.P. Morgan Chase & Co. and Citigroup Inc. on Tuesday…
MCA extends several Covid-related reliefs for companies till Dec
New Delhi, Sep 28 : The Ministry of Corporate Affairs (MCA) extended, till December 31, 2020, the timelines…
GST E-Invoicing Mandatory From October
New Delhi: No further relaxation is likely in terms of e-invoicing as the Centre is set to go…
Every company regardless of size, is important for India: FM Nirmala Sitharaman
New Delhi, Sep 21 : Finance Minister Nirmala Sitharaman on Monday stated in the Lok Sabha that any…
LS business lists schedule for Amit Shah
Union Home Minister Amit Shah is to lay papers on the table in the Lok Sabha and introduce…
Great Learning ropes in Virat Kohli as brand ambassador
Earlier this month, Great Learning had announced a collaboration with Northwestern University School of Professional Studies in the US to launch online ‘Master of Science in Data Science Programme’ in India.
Oracle wins deal for TikTok US biz, Microsoft’s bid rejected
Microsoft announced Sunday that its bid to buy TikTok has been rejected
Supply-side bottlenecks: August retail inflation expected to remain high on Covid impact
India’s consumer food price index during the month under review rose to 9.62 per cent from 8.72 per cent reported for June 2020.
Reputational risks from cyberattacks on rise as episodes become public: Moody’s
New Delhi, Sep 11 : The reputational risk from cyberattacks is rising for many companies globally, as episodes…
AI says US govt decision to allow it to self-conduct ground handling at airports is an ”opportunity”
The USDOT's announcement came a day after Indian Ambassador to the US Taranjit Singh Sandhu had a conversation with US Transportation Secretary Elaine Chao.
ICICI Lombard General to buy Bharti Axa’s non-life business
Non-life insurer ICICI Lombard General Insurance Company will acquire the business of Bharti Axa General Insurance Company Ltd. in a share swap deal.
Iran-India send 1st shipment of Afghan goods via Chabahar to China
New Delhi/Tehran, Jul 20 : As Tehran’s relationship with Washington remains fidgety, it is walking a tightrope in…
US stocks end mixed amid earnings, coronavirus concerns
Investors also eyed a continued spike in coronavirus infections in the United States.
Qualcomm to invest Rs 730 cr in Jio Platforms
RIL said recently that the funds raised by selling stakes in Jio Platforms, along with a Rs 53,124-crore rights issue, have made it net debt-free much before its stated March 2021 deadline.
Rs 1.20 lakh cr sanctioned for MSMEs under ECLGS
The scheme would help more than 30 lakh units of MSMEs and other businesses restart their businesses post the lockdown.
In latest attack on govt, Rahul Gandhi highlights NPAs, says was ridiculed
Rahul Gandhi has been leading his party’s sharp criticism of the central government over a host of issues, including the June 15 standoff between the Indian and Chinese soldiers.
SEBI norms tweak boost chances of CG Power resolution
There are complaints pending in SEBI against KKR for violation of the Takeover Code and SEBI is investigating the violation.
Post-Covid conquest: Dharavi Inc. raring to buzz with biz
Though businesses may soon return to Dharavi, it's unlikely that camera-toting domestic or foreign tourists will rush there in the near future, as in the past.
Tesla delivers over 90K vehicles in Q2 2020, stock up 9%
Tesla's revenue in Q1 2020 reached $5.9 billion, an increase of nearly $1.5 billion a year ago. The company ended the quarter with $8.1 billion of cash.
Zuckerberg refuses to bow down, expects advertisers to return ”soon”
American food company Chobani, drug maker Pfizer and software major SAP were among the latest brands pulling who joined Coca Cola, adidas, cleaning supply firm Clorox, Conagra (the maker of Slim Jim, Duncan Hines and Pam), fast food chain Denny's, Ford and Starbucks to pull their ads from the platform.
RBI to conduct special ”Open Market Operations” to pump up liquidity
The operation is likened to the Federal Reserve's ''operational twist'' -- which involved swapping short-term treasury securities for long-term government debts conducted in 2011-12.
RIL market cap at new all-time high of Rs 10.85 lakh crore
The Reliance partly paid shares have also created wealth for investors with gains of 6.64 per cent from June 15 when they were listed.
Delhi’s iconic Khan Market loses sheen as major stores close amid lockdown
New Delhi, June 8 : Soon after the Delhi government allowed the reopening of various public spaces including…
RIL shares hit record high post another investment in Jio
Mumbai, June 5 : Shares of Reliance Industries (RIL) Friday hit a record high of Rs 1,617.70 per…
Amazon in talks to buy stake in Bharti Airtel
In just around a month, RIL has sold over 17 per cent stake in Jio Platforms for a combined Rs 78,562 crore.
Abu Dhabi’s Mubadala in talks on $1 billion stake in Reliance’s Jio Platforms: sources
Reliance is looking to sell roughly 20% of Jio Platforms through all the private placement deals, the source added.
Google explores 5% stake in struggling Vodafone Idea: Report
According to Prabhu Ram, Head-Industry Intelligence Group, CMR, Google is interested in buying a 5 per cent stake in Vodafone Idea to give impetus to its India push.
Bharti Telecom sells 2.75% Airtel stake, raises Rs 8,433 cr
Bharti Group and Singtel, as Bharti Airtel's largest shareholders, remain committed to the business and long-term prospects of Bharti Airtel, it said.
ITC to acquire spice manufacturer Sunrise Foods Pvt Ltd
It also noted that ITC's Aashirvaad range of spices is already a market leader in Telangana and Andhra Pradesh.
Airtel buys 10% stake in conversational AI startup Voicezen
Voicezen is the third startup to become a part of the Airtel Startup Accelerator Programme.
RIL rights issue payment: 25% on application, 25 in May ’21 and remaining 50 in Nov ’21
New Delhi, May 18 : Reliance Industries Limited (RIL) has announced the payment schedule for the balance amount…
Reliance Retail’s success in JioMart could change industry dynamics: Jefferies
RRL is also building B2B presence, while an important aspect of its B2C strategy, retailer has an option to even sell in the offline
Govt allows direct listing by Indian companies abroad
Necessary regulations allowing direct overseas listing by the Indian entity is expected soon after amendments to the Company Act and FEMA regulations are passed.
Biocon net down 42% quarterly, Covid impacts business
"We believe our biologics business will recover in the first quarter of the new fiscal (2020-21) and normalise from second quarter," said Shaw.
FM unveils Rs 10K cr scheme to formalise micro food enterprises
The announcements are part of the third tranche of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday.
US-Iran conflict top risk to global economy in 2020: EIU
New Delhi, May 12 : Renewed geopolitical uncertainty coupled with the emergence of novel coronavirus in China will…
No increase in lease rent for SEZ units in FY21: Centre
"The deferment may not invite any interest thereof," the Ministry of Commerce and Industry communication said.
Facebook to let most employees work from home till year-end
According to Zuckerberg, some of these will be organized as virtual events instead.
Vista to invest Rs 11,367 crore in Jio Platforms
The transaction is subject to regulatory and other customary approvals. Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.
Delhi HC to Centre: Verify and pay Bharti Airtel’s Rs 923 cr GST refund claim
On the back of the judgement, the company's shares surged on Tuesday. Around 3 p.m., Bharti Airtel shares on the BSE were trading at Rs 545.60, higher by Rs 17.75 or 3.36 per cent from the previous close.
US SEC chief warns against investment in Chinese firms
New York, April 23 : US Securities and Exchange Commission (US SEC) Chairman Jay Clayton on Wednesday warned…
HDFC Bank’s Q4 FY20 net profit up 18% to Rs 6,927.7 cr
"Net non-performing assets were at 0.36 per cent of net advances as on March 31, 2020."
US stocks end higher amid rallying energy shares
The number of confirmed COVID-19 cases worldwide has risen above 1 million, according to the new tally from Johns Hopkins University on Thursday afternoon.
Two catalysts which have changed India and US for good
What will the world look like after the coronavirus induced shut down? I am not in possession of…
Wall Street tumbles after US tops world in COVID-19 cases
A shocking number of Americans applied for jobless benefits last week due to the coronavirus outbreak.
China’s foreign trade drops 9.6% in Jan, Feb
Beijing, March 7 : China’s foreign trade dropped 9.6 per cent year-on-year during the first two months of…
SBI Card IPO subscribed 39% on Day 1
New Delhi, March 2 : SBI Cards’s mega IPO was subscribed 39 per cent on Day 1, riding…
Vodafone Idea seeks Rs 35 per GB as minimum floor price
According to the source, Vodafone Idea wants minimum price of outgoing calls should be fixed at 6 paise per minute.
Sensex trims losses after 465-points fall
Mumbai, Feb 27 : The Indian equity markets trimmed losses on Thursday afternoon, post an over 460 points-slump…
AGR an unprecedented crisis, sought cut in taxes for industry: Mittal
New Delhi, Feb 20 : Bharti Airtel chairman Sunil Mittal on Thursday met Telecom Minister Ravi Shankar Prasad…
Push for transportation; Rs 1.7 lakh cr allocated
New Delhi, Feb 1: With major emphasis on transportation and the required infrastructure, Finance Minister Nirmala Sitharaman on…
Extra borrowing from market can be an option to push growth: CEA
"I think the case for leaning on growth is important, in the balance between fisc and the growth, we need to focus on growth and take the steps that are necessary to enable it."
Global markets under pressure over fear of coronavirus spread
Mumbai, Jan 24 : Fears that the outbreak of coronavirus in China may disrupt economic activity and global…
Rahul urges FM Sitharaman over high GST on cochlear implant add-ons
They said cochlear implants attracted 5 per cent GST, while the implant accessories that required periodic replacement were subject to 12-28 per cent GST.
With Iran-US tension easing, expect markets to move up
Markets were under pressure in the first half of the week and waited for Iran to come out…
Dec auto sales fall by 13%, commercial vehicles down 12%
"Exports witnessed growth of 9.9 per cent to 66,073 units, mainly due to incremental contribution of 6,341 units by Kia Motors, which otherwise could be flattish," he said.
India’s Apr-Nov fiscal deficit at 114.8% of budgetary target
Total receipts comprised Rs 7.50 lakh crore of net tax revenue and Rs 2.32 lakh crore of non-tax revenue receipts.
Bharat Bond ETF mops up Rs 12,400 crore on debut offer
New Delhi, Dec 25 : Bharat Bond ETF, India’s first corporate bond ETF, has fetched Rs 12,400 crore…
Inflation may force RBI to stop on rate cuts: IMF
New Delhi, Dec 24 : IMF has cautioned that if inflationary pressure continues, there will be limited room…
Fitch cuts India GDP growth forecast to 4.6% in FY20
It said its rating for India incorporates the expectation of moderate slippage in the fiscal deficit target of 3.3 per cent of GDP in FY2019-20.
Moody’s outlook for global auto makers in 2020 negative
According to Moody's political risks, technological changes and environmental regulation will weigh on sector.
Bharat Bond ETF to open on Dec 12
The immediate CPSE borrowers ETF could be NHAI , Hudco, IRFC , NTPC PGCIL , GAIL, PFC, EXIM Bank and Nabard, said sources.
Saudi oil giant Aramco announces world’s largest IPO
Riyadh, Dec 6 : Saudi Arabian state oil giant Saudi Aramco on Thursday priced its initial public offering…
Market Watch – RBI may cut rate by 35-40 basis points
NIFTY made a new lifetime high on Tuesday, November 26, and did so again two days later. Friday…
CPEC to inflict heavy debt burden on Pakistan: US
Wells emphasised the CPEC was not an aid to Pakistan but a form of financing that guaranteed profits for Chinese enterprises, with little benefits for Islamabad.
RIL inches close to Rs 10 lakh cr market cap
India’s benchmark equity index hit record levels led by index-heavyweight Reliance Industries (RIL) — the largest company by…
India key market for us: Vodafone CEO
"We remain invested in India's growth story and India continues to remain a key market for us," Read said in the letter.
BSNL to raise Rs 15000 cr through sovereign bonds next month
New Delhi, Nov 13 : State run BSNL plans to issue sovereign bonds for raising Rs 15,000 crore…
CBIC clarifies on ‘confusing’ GST input tax credit rule
New Delhi, Nov 11 : In a relief to taxpayers, the Central Board of Indirect Tax and Customs…
Govt to buy 10% of bonds issued by MSME: Nitin Gadkari
New Delhi, Nov 11 : Nitin Gadkari, Minister of Micro, Small and Medium Enterprises, on Monday said that…
October equity MFs inflow at 5-month low of Rs 6,015 cr
New Delhi, Nov 10 : Although there has been a rally in the stock markets off late, the…
IndiGo codeshare to be operationalised from Dec: Qatar Airways
New Delhi, Nov 10 (IANS) Even as it waits to expand its partnership with IndiGo, Doha-based Qatar Airways…
Govt to induce Rs 10,000 cr in AIF to rescue stalled housing projects
Delhi: “Cabinet approves establishment of ‘Special Window’ to provide priority debt financing for completion of stalled housing projects”…
Sensex ends winning streak
Mumbai, Nov 5 : The Sensex on Tuesday ended the seven day winning streak with a 53 points…
Sensex hits life-time high, crosses 40,400
Mumbai: The Indian equity markets opened on a firm note on Monday as the benchmark Sensex touched a…
India’s manufacturing PMI slips to 2-year low in October
Challenging market conditions coupled with delayed client payment, dampened business confidence in October.
HCL Technologies Q2 net profit up 4.4%
New Delhi, Oct 23 : Software major HCL Technologies Ltd (HCL) on Wednesday reported a Rs 2,651 crore…
Jio posts Rs 990 cr net profit in Q2
Jio crossed Ebitda of Rs 5,000 crore with 41.8 per cent margin and is on track to achieve 50 per cent margin.
Infosys declares 160% interim dividend
Bengaluru: Global software vendor Infosys on Friday declared an interim dividend of Rs 8 per share of Rs…
Air India Assets Holdings’ second bond issue oversubscribed
The bond issues will help disinvestment-bound Air India pare away some of its debt.
Nokia leads Google-certified Android phones for enterprises
Gurugram, Oct 9 : When it comes to Android Enterprise Recommended (AER) smartphones validated by Google, Nokia leads…
Government not doing enough to revive economy: Congress
Quoting former Chief Economic Advisor (CEA) Arvind Subramanian, she said the actual GDP is less than 5 percent.
IRCTC ofers attractive prospects going forward
It was yet another week of gains with BSE Sensex up 807.65 points or 2.12 per cent to…
IRCTC IPO, largest of IR arms, to open on Monday
The minimum bid lot is 40 shares. Thus, orders can be placed in the multiple of 40 equity shares. The IPO proceeds will go directly to the government.
India, US very close to trade deal: Trump
New York, Sep 25 : India and the US are very close to concluding a trade deal, and…
India’s July factory output grows at 4.3%
New Delhi, Sep 12 : India’s factory output growth rate accelerated in July by 4.3 per cent from…
Tata Motors Group August global wholesales down 32%
Mumbai, Sep 12 (IANS) Tata Motors Group on Wednesday reported a decline of 32 per cent in August’s…
State Bank of India reduces MCLR, fixed deposit rates
Mumbai, Sep 9 : The State Bank of India (SBI) here on Monday announced reduction in the marginal…
India’s July industrial output growth slows to 2.1% YoY
April-July of FY20 was 3 per cent compared with 5.9 per cent reported for the same period of the last financial year.
Samsung likely working on a cheaper Galaxy Fold: Report
In terms of specifications, the current device features a 7.3-inch primary flexible AMOLED display and a secondary 4.6-inch screen.
Toyota-Suzuki Motown’s new tango
New Delhi, Aug 28 (IANS) Japanese motown giants have decided on a formal tango. Toyota Motor Corporation and…
Resolve stressed assets in time for maximum value: RBI
The RBI issued the new NPA recognition and resolution guidelines on June 7 after the Supreme Court had, in April, declared the earlier one issued on February 12, 2018 as ultra vires.
India’s July retail inflation inches-lower to 3.15%
New Delhi, Aug 13 (IANS) Retail inflation in July softened a bit to 3.15 per cent from 3.18…
Twitter revenue up 18%, users grow in Q2
Twitter's advertising revenue in Q2 totalled $727 million, an increase of 21 per cent year-over-year.
Tata Motors’ loss in June quarter doubles to Rs 3,679.66 cr
Mumbai, July 25 (IANS) India’s ongoing economic slowdown has claimed jobs, profits and caused investors to run scared…
Google chases Amazon, debuts shopping platform
San Francisco, July 23 (IANS) In a bid to take on Amazon in the burgeoning e-commerce space, Google…
Apple may buy Intel’s modem business for $1 billion
San Francisco, July 23 Apple which is looking to buy Intel’s modem division since last year is reportedly…
SC’s status quo on Essar Steel sale to ArcelorMittal
New Delhi, July 22 (IANS) The Supreme Court on Monday ruled status quo on the sale of Essar…
Wipro net up 12.6% in first quarter
Sequentially, the net profit declined 4.2 per cent from Rs 2,494 crore a quarter ago.
Infosys net up 5.1% yearly, down 6.8% quarterly
Operating margin in dollar terms declined 3.2 per cent YoY to 20.5 per cent from 23.7 per cent and 2.3 per cent a quarter ago.
India’s June retail inflation rises to 3.18%
New Delhi, July 12 (IANS) Higher food prices have accelerated India’s June retail inflation to 3.18 per cent…
Deutsche Bank shares fall as restructuring begins
Berlin, July 8 (IANS) Deutsche Bank shares fell on Monday as investors digested details of a huge restructuring…
14% rise in revenues of 20 states after GST: Jaitley
New Delhi, July 1 (IANS) As the Goods and Services Tax (GST) marks its second anniversary on Monday,…
Price of non-subsidised LPG reduced by Rs 100.50 per cylinder
The cooking gas in Delhi will be priced at Rs 637 per cylinder from midnight tonight as against Rs 737.50 currently, Indian Oil Corp said in a statement.
Apple cancels deal for quantum dot iPhone camera
San Francisco, June 26 (IANS) Apple has reportedly scrapped a $22 million contract with British tech firm Nanoco…
Raghav Bahl invests $7.2 million more in ‘The Quint’
The latest investment follows two consecutive investments in March and April, totalling $14.36 million (100 crore).
Jet Airways shares fell by 46% on BSE
Jet Airways share price fell in early trade today with lenders meeting to finalise a resolution under the…
26 child labourers rescued from Parle-G biscuit factory
Most of the rescued children are in the age group of 12-16 years and belong to adhya Pradesh, Jharkhand, Odisha and Bihar.
India’s MoM retail inflation up 3.05% in May
New Delhi, June 12 (IANS) Higher food prices accelerated India’s May retail inflation to 3.05 per cent from…
Trump again takes aim at India’s tariffs on Harley Davidson mobikes
"I'll win again because we are doing well. We are not fools anymore. We are not the foolish country that does so badly," Trump asserted, citing the Harley Davidson as an example of his leadership.
Role of litigators in Indiabulls case suspect
New Delhi, June 11 (IANS) With charges of misappropriation swirling in the air, Indiabulls Housing Finance share price…
Allegation of siphoning-off Rs 98,000 cr ‘bizarre’: Indiabulls Housing Finance
Mumbai, June 11 (IANS) Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut…
Nailed RBI turns blase on IL&FS charge sheet despite court acceptance
New Delhi, June 9 (IANS) During his policy review last week, RBI Governor Shaktikanta Das denied having received…
Adding to flyers’ burden, government ups security fee
As per the Civil Aviation Ministry order, domestic passengers would have to pay Rs 150 each time they buy a ticket from Rs 130 now.
How ever-greening & window dressing became the norm at IL&FS
New Delhi, June 8 (IANS) India has seen many financial scams, but none that can match the scope,…
Amazon loses contract with FedEx amid competition
San Francisco, June 8 (IANS) Amid increasing competition, global courier company FedEx has decided not to renew its…
Impact of US withdrawal of GSP benefits ‘insignificant’
The US withdrawal of Generalised System of Preferences (GSP) will have an “insignificant” impact on India’s exports, however,…
India’s Q4 FY19 GDP growth declines to 5.8% from 7.7% YoY FY18
New Dehi, May 31: The GDP growth rate of the country plunged to 5.8 per cent during the…
Leading online payments with over 50% market share: Paytm
New Delhi, May 31: Digital payments firm Paytm on Friday announced it has grabbed over 50 per cent…
Macro environment conducive for RBI to cut rates
With the elections resulting in a decisive mandate, the attention will now shift to policy — both fiscal…
BJP chief strategist Amit Shah no novice in market intelligence
New Delhi, May 31: BJP President and party chief strategist Amit Shah’s political acumen is now well known…
Nirav Modi’s custody extended till June 27
London, May 30: A London Court on Thursday extended the custody of fugitive businessman Nirav Modi till June…
Vodafone Idea Business Services ties up with CtrlS
New Delhi, May 29 : Vodafone Idea Business Services (VIBS), the enterprise arm of telecom major Vodafone Idea,…
Sun Pharma’s Q4 consolidated net profit at Rs 636 cr
Mumbai, May 28 (IANS) Sun Pharmaceutical Industries on Tuesday reported a consolidated net profit of Rs 635.88 crore…
SpiceJet’s Q4 net profit up 22% to Rs 56.3 cr
Mumbai, May 28 (IANS) SpiceJet on Tuesday reported a 22 per cent rise in its net profit for…
Pakistan Stock Exchange CEO Richard Morin resigns
Islamabad, May 28 (IANS) Pakistan Stock Exchange (PSX) Chief Executive Officer Richard Morin has stepped down from his…
Sensex flat, Manpasand hits lower circuit again
Mumbai, May 28: Sensex traded on a flat note after opening in the green on Tuesday. Manpasand Beverages…
IndiGo’s Q4 net profit soars 401%
Mumbai, May 27 (IANS) Budget passenger carrier IndiGo on Monday reported a rise of 401.2 per cent in…
Facebook to launch its cryptocurrency next year: Report
London, May 24 (IANS) Facebook, which owns WhatsApp and Instagram, is gearing up to launch its own cryptocurrency…
Sensex hits 40,000 as NDA takes lead in early trends
New Delhi, May 23: Taking a cue from the initial trend of the Lok Sabha polls verdict which…
Airtel, Vodafone lose 30 mn users in March, Jio adds 9.4 mn
New Delhi, May 21 (IANS) Mobile subscriber base of Vodafone Idea and Bharti Airtel declined by nearly 14.5…
Reinvest fast or some startup will gobble you up: AWS
India has such a broad swathe of companies – innovative startups, established enterprises and government customers — and…
For weavers of Varanasi, there is sorrow in wrap and weft
"First demonetisation killed us, then came GST and now power (electricity) has spelt doom for the business. Hamari zindagi ka tana-bana he bigad gaya hai (The warp and weft of our lives has gone awry)," said Rafiq Ansari, a weaver who is planning to shut his shop in Lanka area.
As Lok Sabha elections conclude, Petrol, Diesel prices hiked
New Delhi, May 20: A day after the Lok Sabha Elections concluded, fuel prices witnessed a hike in…
Mukesh, Nita Ambani shower love on Rishi Kapoor
New York, May 19: Reliance Industries Chairman and Managing Director Mukesh Ambani and his wife Nita Ambani visited…
Cashback incentives to push Google Pay in India
San Francisco, May 17 : To push its payments platform Google Pay in India, the search engine plans…
BSNL expects liquidity position to improve in Q2
New Delhi, May 17: After facing cash crunch for some months, state-run Bharat Sanchar Nigam Limited (BSNL) is…
Mobile handset shipments decline 25% in Q1 2019
New Delhi, May 16 (IANS) Mobile handset shipments in India recorded a 25 per cent year-on-year (YoY) decline…
Jet’s lenders to get bids verified, open to joint bid
Mumbai, May 16 (IANS) Grounded Jet Airways’ lenders plan to get all bids legally verified before beginning negotiations…
Warren Buffett’s Berkshire reveals $900 mn Amazon stake
San Francisco, May 16 (IANS) Warren Buffett’s Berkshire Hathaway had shares worth $904 million in e-commerce giant Amazon…
Key Indian equity market indices open in green
Mumbai, May 16: Taking a cue from global markets, the key Indian equity market indices on Thursday opened…
Sensex declines by 203 pts amid record volatility
Mumbai, May 15: After Tuesday’s advance, the key equity indices succumbed to selling pressure yet again as the…
British Airways to introduce new A350 aircraft on India routes
New Delhi, May 15: British Airways on Wednesday said that it will introduce its new Airbus A350 aircraft…
Sensex snaps 9-day long losing streak
Mumbai, May 14: The Sensex snapped its nine-day long losing streak on Tuesday to end 227.71 points higher.…
GST officer commits suicide by jumping off 30th floor of World Trade Centre
Mumbai, May 14: An officer of the Goods and Services Tax (GST) department committed suicide by jumping off…
India’s April wholesale inflation eases to 3.07%
New Delhi, May 14: Lower prices of manufactured items and key transportation fuels eased India’s annual rate of…
Food prices raise India’s April retail inflation
New Delhi, May 13: Higher food prices accelerated India’s April retail inflation to 2.92 per cent from 2.86…
Equity indices lose over 1% amid massive volatility
Mumbai, May 13: Falling for the ninth successive session on Monday, the key equity indices, Sensex and Nifty,…
ED questions Kochhars in ICICI-Videocon case
New Delhi, May 13: The Enforcement Directorate (ED) on Monday questioned former ICICI Bank CEO Chanda Kochhar and…
Quikr ties up with Rocking Deals for offline service
New Delhi, May 12 (IANS) Online classifieds marketplace Quikr on Sunday announced a partnership with Rocking Deals for…
Are Indian Tariffs Really High?
The Trump-driven trade war does not seem to relent. In the latest development, the US has raised tariffs…
ITC Chairman Yogesh Deveshwar passes away at 72
New Delhi, May 11: ITC Chairman YC Deveshwar passed away on Saturday following a prolonged illness. He was…
Tim Cook says 4-year degree not necessary for coding
San Francisco, May 11: Apple CEO Tim Cook believes that a four-year degree is not really necessary to…
Dollar edges down amid CPI data
New York, May 11 (IANS) The US dollar slightly weakened against its major rivals in late trading on…
Legal feud over Hamdard’s control hits Rooh Afza
A single judge bench of the Delhi High Court in October 2017 ruled in favour of Hammad Ahmed, who staked his claim for being "the eldest male descendant".
March factory output slips to 21-month low
New Delhi, May 10 (IANS) India’s factory production shrunk in March 2019 by (-)0.1 per cent, the first…
Sensex logs 8th straight session of loss
Mumbai, May 10: The benchmark Sensex fell for the 8th straight session on Friday after witnessing a heavy…
Mukesh Ambani’s RIL acquires global toy firm Hamleys
Mumbai, May 10: In a bid to become a dominant player in the global toy retail industry, Mukesh…
Key Indian equity market indices trading in red
Mumbai, May 9: Taking a cue from global markets, the key Indian equity market indices on Thursday opened…
Trade tensions, Q4 results drag equity indices lower
Mumbai, May 8: Global trade tensions along with disappointing quarterly results suppressed the key Indian equity indices during…
Facebook to make London hub for WhatsApp Payments
London, May 8: Before it launches WhatsApp Pay in India, Facebook has selected London as the base for…
Post-poll: Brace for up to Rs 5 and Rs 3 per litre raise in petrol, diesel prices
New Delhi, May 7 (IANS) Petrol and diesel prices may increase sharply soon after new government comes to…
Sensex ends 324 points lower, Nifty below 11,500
Mumbai, May 7: Dragged by dismal corporate earnings, caution amid the ongoing polls and emergence of fresh US-China…
Markets tumble over growing US-China trade tensions
Mumbai, May 6: In line with global markets, Indian equities on Monday logged steep falls as US President…
WhatsApp Pay = RIP Paytm, say Twitterati
New Delhi, May 6: Twitterati on Monday went berserk after the news of Facebook CEO Mark Zuckerberg actively…
Facebook hiring fast to launch its own bitcoin: Report
San Francisco, May 4: Facebook is working hard to launch its own bitcoin for cryptocurrency-based payments on its…
My firm has bought 1st Amazon shares, says Buffett
New York, May 3 (IANS) Berkshire founder and CEO Warren Buffett has said that his firm just bought…
Akshaya Tritiya 2019: Gold jewellers expect big sale
Ahmedabad, May 2: Despite a steep increase in gold prices, jewellers in Gujarat seem ready to welcome buyers…
Indian equity markets open flat as US holds Fed data
Mumbai, May 2: Taking a cue from global markets, the key Indian equity market indices on Thursday opened…
‘Super app’ to place Reliance Jio in pole position
New Delhi, May 1: As Mukesh Ambani, Chairman and Managing Director, Reliance Industries, prepares to officially launch world’s…
India manufacturing, retail stores top priority: Tim Cook
Cupertino (California), May 1: Stressing once again that India is an important market for Apple, CEO Tim Cook…
SEBI bars NSE from securities market for 6 months
Mumbai, April 30 (IANS) Market regulator SEBI has directed the National Stock Exchange of India to disgorge Rs…
Ness Wadia sentenced for drug possession in Japan
New Delhi, April 30: Ness Wadia, son of industrialist Nusli Wadia and inheritor of one of Indias wealthiest…
Indian equities react to weak Chinese factory data
Mumbai, April 30: The key equity indices opened on a dull note on Tuesday taking cues from the…
SBI moves to invoke Essar Steel Promoters’ personal guarantees of Rs 15K cr
Ahmedabad, April 29: The State Bank of India on Monday filed a recovery suit against Prashant and Ravi…
Cryptocurrencies should be banned: Official
New Delhi, April 26 (IANS) Terming cryptocurrencies as ponzi schemes, Anurag Agarwal, Joint Secretary in the Ministry of…
Sensex closes 336 points up as Brent retreats
Mumbai, April 26: The Sensex advanced 336 points on Friday as the Brent crude — the global oil…
UK: Explosion at Tata Steelworks plant in South Wales
New Delhi, April 26: An explosion was reported at Tata Steelworks plant in the Port Talbot town of…
Key Indian equity market indices open in green
Mumbai, April 25: Despite the muted trend in global markets, the key Indian equity market indices on Thursday…
Markets open on a positive note on Wednesday
Mumbai, April 24: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning…
Sensex down 80 points over polls, oil caution
Mumbai, April 23: Investors on Tuesday traded with caution anticipating a further rise in the international oil prices,…
Investors demand write-offs as Jet owes over Rs 11K cr outstanding debt
Mumbai, April 22: Prospective investors in the temporarily grounded Jet Airways have asked lenders to take a massive…
Jet Airways employees considered taking over airline: NAG
Chennai, April 21 (IANS) Internal differences of opinion on employees taking over the management of Jet Airways did…
Jet Airways issues gag order, fearing impact on stake sale
New Delhi, April 19: The grounded Jet Airways has issued a gag order to its employees advising them…
Notice to Samsung for not passing GST cut benefit to consumers
New Delhi, April 18 (IANS) The Directorate General of Anti-Profiteering has served a notice to technology major Samsung…
Key Indian equity market indices open in green
Mumbai, April 18: Despite a muted trend in Asian markets, the key Indian equity market indices on Thursday…
RBI issues Rs 50 notes bearing Governor Shaktikanta Das’ signature
Mumbai, April 17: The Reserve Bank of India (RBI) on Tuesday issued Rs 50 denomination banknotes bearing the…
NCLAT adjourns IL and FS case hearing to April 29
New Delhi, April 16 (IANS) The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned to April 29…
Sensex, Nifty hit record closing high
Mumbai, April 16: Major Indian indices — Sensex and Nifty — closed at their highest-ever on Tuesday riding…
Sensex up on easing trade tension, monsoon forecast
Mumbai, April 15: Signs of easing US-China trade tension and expectation of cooling inflation following Met department’s forecast…
India’s March wholesale price index rises to 3.2%
New Delhi, April 15: India’s annual rate of inflation based on wholesale prices rose to 3.18 per cent…
Anil Ambani’s French company got 143.7 mn euro tax relief after Rafale announcement: Le Monde
New Delhi, April 13: In fresh revelations that are bound to further fuel the controversy around the Rafale…
Sensex ends higher ahead of Q4 results, macro data
New Delhi, April 12: Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and…
Markets end flat over growth concerns
Mumbai, April 11: Key equity indices closed on a flat note on Thursday over concerns of global growth…
Sensex tanks 345 points on growth concerns
Mumbai, April 10: Indian equities fell sharply on Wednesday after the International Monetary Fund (IMF) revised down the…
Sensex ends 238 pts up despite high oil price
Mumbai, April 9: The benchmark Sensex closed 238 points higher on Tuesday despite the crude oil prices hitting…
PNB Housing stake sale to boost PNB capital: Moody’s
New Delhi, April 8 (IANS) The Punjab National Bank (PNB)’s 13 per cent stake sale in PNB Housing…
Sensex ends lower on surging crude prices
Mumbai, April 8: Weak global cues over the delay in Brexit deal, uncertainty around the US-China trade tension…
Sensex, Nifty ends higher on positive global cues
Mumbai, April 5: Positive global cues owing to an easing of US-China trade tension pushed the Sensex and…
Airtel, Jio to fight for Zee Entertainment stake
New Delhi, April 4 (IANS) Telecom majors Bharti Airtel and Reliance Jio are set for another face-off, this…
RBI’s lower growth forecast dents equity market
Mumbai, April 4: Key Indian equity indices fell on Thursday as the Reserve Bank of India (RBI) lowered…
RBI cuts repo rate by 25 base points, lowers GDP growth forecast to 7.2%
New Delhi, April 4: The Reserve Bank of India (RBI) on Thursday reduced repo rate by 25 base…
Markets in green: Sensex up 180 pts, Nifty at 11,745
Mumbai, April 3: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning…
Sensex ends at an all time closing high
Mumbai, April 2 (IANS) The benchmark Sensex finished at an all-time closing high on Tuesday led by gain…
Fraud-hit IL&FS’ ex-Chairman Sankaran arrested
Mumbai, April 1 (IANS) In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services…
Sensex hits all-time high, ends below 39k
Mumbai, April 1: The benchmark Sensex closed slightly below the 39,000-mark — after hitting an all-time high on…
‘Unemployment biggest challenge seen by Indians’
The Pew Research Center report said that 76 per cent of adults have said that unemployment is a "very big problem and little has changed over the past year".
NCLAT seeks details of IL and FS’ dues
New Delhi, March 29 (IANS) The National Company Law Appellate Tribunal (NCLAT) on Friday told the board of…
April-February fiscal deficit at 134% of target
New Delhi, March 29 (IANS) India’s budgetary fiscal deficit for April-February 2018-19 period reached 134.2 per cent or…
Reliance Jio acquiring Haptik for Rs 200 cr: Report
New Delhi, March 29 (IANS) Reliance Jio is reportedly acquiring Haptik — one of the world’s largest conversational…
Direct taxes heading for at least Rs 70,000 cr shortfall
New Delhi, March 28 (IANS) The Finance Ministry is making a last-ditch effort to get close to the…