Business news

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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US-China trade talks, crude prices likely to spur market's poll-time volatility

Indians vote in the fifth round of polling in the seven-phase election on Monday while Chinese team arrives in Washington on May 8 to try and unknot trade relations between world's top two economies.

May 5, 2019

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How will Anil Ambani raise Rs 14,000 crore needed to save Reliance Capital?

Reliance Capital's cash reserves have dwindled and the firm hit by exposure to other floundering entities of the group is trying to raise funds from asset sales.

May 4, 2019

An aircraft of India's Jet Airways lands

Fear of the unknown: Profitability worries, turnaround time deter Jet bidders

Size of debt and other liabilities scare potential investors who are delaying binding bids, says SBI; lenders worried as May 10 deadline for firm bids nears.

May 3, 2019

Slowing economy, consumption to blame as centre misses revenue target by 11%

GST, income tax and excise duties collection growth declines amid a slump in fixed investments and exports

May 3, 2019

Bandhan bank to take offer-for-sale route to cut promoter's shareholding to 40%

The bank reported a 67.8% increase in its March quarter net profit as a result of higher net interest and non-interest income.

May 3, 2019

Will Naresh Goyal face criminal charges over financial fraud after Jet crash?

Registrar of companies is examining the airline's books of account to see if promoters diverted funds from floundering Jet and hastened its crash; any criminal investigation could adversely affect the bidding process piloted by the lenders

May 2, 2019

Indian factories growth hits 8-month low amid general elections

Growth rates of Indian factories slid to an eight-month low amid Lok Sabha 2019 elections.

May 2, 2019

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

ICICI Bank under Kochhar denied in September 2014 about having granted an Essar Group company based in Mauritius $365-million loan in June 2014, records show

May 2, 2019

Legal ambiguity over Ness Wadia conviction will keep Wadia Group shares choppy

Ambiguities in law and the fact that Japanese court has suspended the sentence could help Wadia Group scion in boardrooms and BCCI probe against Kings XI Punjab's IPL future

May 2, 2019

Fraudsters in Bengaluru dupe people of lakhs offering cheap Indigo air tickets

The office of the fraudsters had an address in Richmond Road in Bengaluru. Indigo confirmed that they do not have an official address in the city except at the Kempegowda International Airport.

May 2, 2019

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Business news

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

US-China trade talks, crude prices likely to spur market's poll-time volatility

How will Anil Ambani raise Rs 14,000 crore needed to save Reliance Capital?

Fear of the unknown: Profitability worries, turnaround time deter Jet bidders

Slowing economy, consumption to blame as centre misses revenue target by 11%

Bandhan bank to take offer-for-sale route to cut promoter's shareholding to 40%

Will Naresh Goyal face criminal charges over financial fraud after Jet crash?

Indian factories growth hits 8-month low amid general elections

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

Legal ambiguity over Ness Wadia conviction will keep Wadia Group shares choppy

Fraudsters in Bengaluru dupe people of lakhs offering cheap Indigo air tickets

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]