Business news

Embarrassing typo on millions of Australian currency notes leaves Reserve Bank red-faced

The $50 notes were rolled out in October 2018 with a series of new technology to prevent counterfeiting as well as to remain accessible for the visually impaired.

May 9, 2019

Reliance Industries bleeds over rating downgrade, election outcome worries and rupee fall

Morgan Stanley expects the earnings growth of Mukesh Ambani's RIL to halve in FY20, after maintaining 17 per cent compound annual growth rate (CAGR) between FY17 and FY19.

May 9, 2019

Jet rescue plan hits another air pocket as HDFC plans to auction airline's Mumbai office

The debt-riddled airline is already battling a host of financial, legal and regulatory hurdles in its attempt to resume operations.

May 9, 2019

How Uber's IPO dreams shattered the lives of hordes of Indian drivers

Uber currently operates in 40 Indian cities and the country accounts for an estimated 11 per cent of its global rides.

May 9, 2019

Naresh Goyal makes another attempt to check into Jet, offers Rs 250 crore

In a communication to Jet Airways' employees, Goyal said that the funds are now available to banks controlling the airline.

May 8, 2019

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Coalition remarks spook market as jittery FIIs flee post-election uncertainty

Indian markets' slide gathers momentum amid BJP leader's remark of the possibility of minority government even as global indices' decline over US-China trade war fears decelerates.

May 8, 2019

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Can TCS beat IBM and Accenture to become world's largest IT services firm?

Indian IT major's 10% growth powers it ahead of DXC to the third position after clocking $20.91 billion revenue as the US firm is struggling for growth momentum.

May 8, 2019

Alibaba's AI tool can write thousands of ad copies per second

Why is China's Alibaba looking at investing in smaller Indian companies?

Jack Ma-led giant's shift of strategy to investments in smaller verticals may help it catch up with Chinese rival Tencent

May 8, 2019

CureFit raises $75 million as valuation tops $500 million

At this pace of investment, CureFit is expected to join the Unicorn club by mid-2020.

May 7, 2019

Triple honours for Jio at Golden Globe Tigers Award 2019

The Golden Globe Tigers Award recognise Jio's market leadership; JioPhone - India ka smartphone; and the new interactive gaming platform Jio Cricket Play Along (JCPA).

May 7, 2019

BigBasket becomes latest entrant in Unicorn club, expects profitability in 6-8 months

Only four per cent of the country's grocery spending's happened online which is on a lower side in comparison to other retail categories.

May 7, 2019

Cognizant's focus shift to banking and financial services to affect Indian staff most

70% of US-based IT services company's 281,600 employees are in India; CEO talks of employee pyramid optimisation as revenue growth slows

May 7, 2019

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Rupee slips against US dollar after Trump threatens to raise Chinese import tariffs

Volatility index India VIX spikes over 10 per cent to hit a new high of 27.83 points as Nifty crashes below 11,600 tracking global indices; US dollar inches closer to Rs 70 and crude dips below $70.

May 6, 2019

Ratan Tata invests in Ola Electric, says firm will play key role in e-vehicle ecosystem's growth

Ola Electric is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments.

May 6, 2019

Jet Airways threatened with bankruptcy proceedings

No chance of a Jet Airways revival: Government sources

Parties that had initially expressed interest in Jet, which is saddled with roughly $1.2 billion of debt, have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings.

May 6, 2019

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Business news

Embarrassing typo on millions of Australian currency notes leaves Reserve Bank red-faced

Reliance Industries bleeds over rating downgrade, election outcome worries and rupee fall

Jet rescue plan hits another air pocket as HDFC plans to auction airline's Mumbai office

How Uber's IPO dreams shattered the lives of hordes of Indian drivers

Naresh Goyal makes another attempt to check into Jet, offers Rs 250 crore

Coalition remarks spook market as jittery FIIs flee post-election uncertainty

Can TCS beat IBM and Accenture to become world's largest IT services firm?

Why is China's Alibaba looking at investing in smaller Indian companies?

CureFit raises $75 million as valuation tops $500 million

Triple honours for Jio at Golden Globe Tigers Award 2019

BigBasket becomes latest entrant in Unicorn club, expects profitability in 6-8 months

Cognizant's focus shift to banking and financial services to affect Indian staff most

Rupee slips against US dollar after Trump threatens to raise Chinese import tariffs

Ratan Tata invests in Ola Electric, says firm will play key role in e-vehicle ecosystem's growth

No chance of a Jet Airways revival: Government sources

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]