Markets

Amazon, Flipkart gear up for festive season, steepest discount of 2019 expected

Consumers can expect some of the biggest discounts during this year's festive season sale amid e-commerce offering deep discounts.

Aug 19, 2019

Tesla shows interest in building large e-battery plants in India

If India slashes crude consumption it can save precious foreign exchange, besides controlling pollution in major cities.

Aug 19, 2019

Mahindra cuts 1,500 jobs, warns of more pain as auto crisis worsens

More job losses are expected to take place at automotive suppliers and dealers than at original equipment manufacturers.

Aug 19, 2019

Is India in the midst of an economic slowdown? Can it get worse?

Rapidly falling auto sales through successive months provide the most telling indication of the economy's slide as most sectors shed growth momentum; government mulls stimulus package for growth

Aug 14, 2019

Sensex tumbles 600 points; Yes Bank, Bajaj Finance shares tank

The Nifty autos index slid about 4 percent, its worst decline since 2016, as sales of passenger vehicles to car dealers plunged 30.9 percent in July.

Aug 13, 2019

Sale of passenger vehicles falls for ninth straight month as slowdown bites

Amid the ongoing liquidity crunch in the country, the demand for consumer goods has been declining.

Aug 13, 2019

PolicyBazaar plans to create 4,000 jobs in Jammu & Kashmir and Ladakh in a year

Dahiya is trying to push the expansion in Jammu & Kashmir as he has an educational exposure of four years in Jammu in his childhood

Aug 13, 2019

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

As part of the 10-year alliance, Jio will build data centres across India that will be hosted on Microsoft's Azure cloud.

Aug 13, 2019

Reliance AGM 2019: Mukesh Ambani announces rollout of Jio Giga Fibre on Sept 5

Mukesh Ambani said Jio Giga Fibre will offer lifetime free voice calls from landline phones and high-speed broadband with additions like high definition TV and dish at a monthly rental of Rs 700 to Rs 10,000.

Aug 12, 2019

Aadhaar Pay back in demand, crosses 200 million transactions in July

As per the latest data from the National Payments Corporation of India, transactions increased 11 percent, from 185 million in June to 206 million this July.

Aug 12, 2019

FPIs withdraw Rs 9,197 crore worth investment in August, all eyes on FM now

The trend of cutting down the investments was seen after eight core sector industries such as coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity continued to show a negative growth due to the economy slowdown.

Aug 12, 2019

Demand truncation dents workforce in Gurugram-Manesar auto cluster

No authentic data is currently available on the extent of job losses, as most of these have occurred on the auto part suppliers' side.

Aug 11, 2019

Explained: What's behind the record surge in gold prices?

Safe-haven investments gold and silver futures rise in India as equities underperform after the general election 2019 and in international markets because of US-China trade war fears.

Aug 10, 2019

Supreme Court upholds IBC rule that gives home buyers status of financial creditors

Home buyers will enjoy the status of banks and institutional creditors and can take real estate companies into bankruptcy proceedings.

Aug 10, 2019

Move to scrap super rich tax surcharge may lure back foreign portfolio investors

Markets respond energetically to reports government is considering the lifting of the surcharge proposed in the Union Budget 2019; Sensex, Nifty soar for the second day.

Aug 9, 2019