Business news

More headache for Bharti Airtel as Moody's downgrades rating over cash flows

Last week, Airtel registered a drop of 72 percent in consolidated net income for the three months ended December 2018 at about Rs 86 crore.

Feb 6, 2019

Subhash Chandra's personal guarantee saves Zee from default

Lenders get greater control over developments at Zee in a deal that prevents the sale of pledged shares amid a price fall

Feb 5, 2019

BENGALURU, IndiaMicrosoft Chief Executive Officer Satya Nadella and Flipkart Group Chief Executive Officer and co-founder Binny Bansal attend a news conference in Bengaluru, India, February 20, 2017. REUTERS/Abhishek N. Chinnappa

Flipkart co-founder Binny Bansal focusing energy on nurturing startups

Breaking silence after his Flipkart exit amid #MeToo storm, Binny Bansal is hopeful that his new venture xto10x Technologies will help startups avoid pitfalls he made early on.

Feb 5, 2019

RCom meltdown: Anil Ambani's pain is Mukesh Ambani's gain

Asset sale to Reliance Jio, which would have brought nearly Rs 18,000-crore to debt laden Rcom, floundered after creditors demanded payment ahead of the sale.

Feb 5, 2019

Paid leave for sex change surgeries? Workplaces become more inclusive

Companies are now making efforts to create workplaces that are more inclusive after the supreme court decriminalised homosexuality in a landmark move.

Feb 5, 2019

Kamal Haasan on Budget 2019: Sounds in some parts like legitimate version of money for votes

Kamal Haasan has given a thumbs-down to the Budget 2019, which was presented by Union minister Piyush Goyal.

Feb 5, 2019

Modi's election-year largesse makes fiscal targets elusive: Moody's

US rating agency Moody's says though there is no threat to the country's 'Baa2' rating, long-term failure to meet fiscal targets could affect the rating

Feb 5, 2019

Interim Budget: How to adjust and evade tax even if you gross Rs 10 lakh

Amid the attention on zero-tax liability on income up to Rs 5-lakh, wise individuals earning up to Rs 10 lakh can escape the tax dragnet with proper investments

Feb 4, 2019

reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

RCom shares plunge more than 50% after bankruptcy move

The Reliance Communications board has said it now looks at comprehensive debt resolution within the next 270 days.

Feb 4, 2019

bombay stock exchange, bse, sensex, nifty, stock markets, sensex gainers, sensex losers, buzzing stocks

Market week: Key factors likely to increase post-budget volatility

Positive vibes from Piyush Goyal's interim budget may influence the market along with earnings and regulatory events though doubts about fiscal math may linger

Feb 3, 2019

Failing to pay debt, Anil Ambani led Reliance Communications files for insolvency

Now with RCom filing for insolvency, the company has become the latest telecom player after Aircel to do so.

Feb 2, 2019

Zero tax for 'common man' in Budget 2019: A history of direct taxation in India [Video]

The Modi government has offered income tax rebate for those earning less than Rs 5 lakh. While this is a historic move, tax burden of those earning more than Rs 5 lakh won't ease much.

Feb 2, 2019

Tight liquidity condition, low demand hit auto sales

As per Maruti Suzuki India's monthly sales figures, a total of 128,338 units were sold last month, compared to 130,066 units' off-take recorded during the corresponding period of the last financial year.

Feb 2, 2019

Interim Budget 2019: Twitter reactions featuring the good, the bad and the ugly

Union Finance Minister Piyush Goyal presented the budget to the Parliament on Friday in the presence of PM Narendra Modi as well as the opposition, including Congress President Rahul Gandhi.

Feb 1, 2019

India faces challenges meeting 2019/20 fiscal deficit target - Moody's analyst

India will face challenges meeting its fiscal deficit target of 3.4 percent for 2019/20, a Moody's analyst said on Friday, after the government announced plans to step up rural income support in its last budget before a general election due by May.

Feb 1, 2019