Business news

Another WeWork in making? Softbank backed Oyo Rooms fire 20 percent of workforce

Oyo will be firing around 2400 employees which currently has an overall work strength of 12,000 in India.

Jan 14, 2020

CCI to investigate Flipkart, Amazon deep discounting on mobile phones

The CCI observed that the exclusive arrangements between phone brands and e-commerce platform, coupled with the allegation of linkages between these preferred sellers and e-commerce companies merits an investigation.

Jan 14, 2020

Walmart India fires 8 senior staff among 56 executives as part of restructuring

Walmart, the world's largest retailer is also preparing to wind up its physical presence in India and will continue to cut staff.

Jan 13, 2020

Ex-director of Yes Bank seeks SEBI probe into insider-trading

Former director Uttam Prakash Agarwal has asked SEBI to investigate whether the process followed by MD and CEO Ravneet Gill had been law-compliant.

Jan 13, 2020

IL&FS adds Rs 3,333 crore cash in a liquidity boost

As a result of these efforts, cash and cash equivalent balances across IL&FS Group entities has since September 30, 2018, increased by Rs 3,333 crore to Rs 6,534 crore.

Jan 12, 2020

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Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53).

Jan 12, 2020

Jolt to Cyrus Mistry: SC puts his reinstatement as Tata Son's chief on hold

During the pendency of the petition in the apex court, Mistry, in a statement had said he was not interested in returning to the Tata Sons' chairmanship.

Jan 10, 2020

CCI reviews anti-trust complaint against Maruti Suzuki for pushing favored insurance plans

The CCI in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more.

Jan 10, 2020

Gold goes ballistic amid rising war fears as Iran missiles hit US bases in Iraq

Yellow metal prices have soared Rs 2,000 per 10 grams in four days, fuelled by a war of words between President Trump and Teheran.

Jan 8, 2020

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Market today: Sensex up by 460 points, Nifty over 12,000 mark as oil cools marginally

The price of oil surged in the last two trading sessions after a drone strike by the US in Baghdad killed top Iranian military commander Qassem Soleimani.

Jan 7, 2020

UPSC GUIDE - Startup for upsc aspirants ,Platform for future policy makers

Abhijeet Nikam mission has been to provide accessible knowledge and guidance to each and every UPSC aspirants from all over the country

Jan 6, 2020

Sensex falls 530 points amid escalating US-Iran tensions; Nifty below 12,082

Markets worldwide came under pressure from a major escalation in tensions between Iran and the United States.

Jan 6, 2020

Gold, silver, oil prices surge on West Asia tensions

While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply.

Jan 4, 2020

Sensex, Nifty stumble as oil jumps after US air strikes Baghdad International Airport

India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.

Jan 3, 2020

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Tata Sons doesn't want Cyrus Mistry's as executive chairman, knocks SC door against NCLAT order

Tata Sons has challenged the complete order of the NCLAT, pronounced on December 18, restoring Mistry as executive Chairman and also his immediate reinstatement as director of Tata Sons and three group companies.

Jan 2, 2020

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