Business news

Infosys says no prima facie evidence found on whistleblower complaints

In a letter to the National Stock Exchange dated November 2, the company said the anonymous complaints were still under investigation.

Nov 4, 2019

nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Market today: Sensex crosses 40,400 to hit record high; Nifty above 11,900

The Sensex gained for the seventh straight session over the strong inflow of foreign funds and better than expected earnings post the corporate tax cut.

Nov 4, 2019

SBI to auction NPAs worth Rs 700 crore in November to recover dues

There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI's auction plan.

Nov 4, 2019

Withdraw prohibited export subsidies, WTO dispute panel recommends India

According to the USTR, the WTO agreed with the US that India provides prohibited subsidies to exporters worth over $7 billion annually.

Nov 1, 2019

OYO LIFE emerges as India's biggest player in co-living spaces, to add 1 lakh beds by 2020 end

As OYO LIFE is celebrating its first anniversary, it plans to set up 100,000 beds across major cities in the country by the end of 2020.

Oct 31, 2019

Cognizant layoffs: IT major to cut 7,000 mid-senior level jobs in restructuring push

The restructuring is part of the '2020 Fit for Growth Plan' that involves investment in technology, sales and marketing, reskilling, acquisitions, and partnerships to sharpen strategic positioning in key digital areas.

Oct 31, 2019

Sensex hits record high, surpasses 40,260, Nifty tops 11,900

Indian shares have seen steady gains in the last few sessions buoyed by positive global cues.

Oct 31, 2019

Sensex hits 40,000, Nifty above 11,800 as financials gain

In domestic markets, the Nifty PSU Bank index, which tracks the country's state-run lenders, rose 1 per cent, with shares of Central Bank of India adding over 4 per cent.

Oct 30, 2019

Telecom industry stares at another round of firing post AGR ruling

The ruling from the SC would force the industry to pay a hefty amount of Rs 1.3 lakh crore and the development has come at a critical point when the industry is looking for a turnaround.

Oct 29, 2019

Clash of the titans: Will GVK succeed in keeping Adani out of Mumbai airport?

GVK raises Rs 7,600 crore to pare debt and buy 23.5% more stake in Mumbai Airport to raise ownership to 74%

Oct 29, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

DPIIT and the aviation ministry exploring options including easing of FDI norms to attract bidders for Air India after last attempt's failure

Oct 29, 2019

Worried about slowdown? Mercedes-Benz India sells 600 luxury cars on Dhanteras

The German carmaker's Indian arm said it delivered more than 250 cars in Delhi-NCR alone on Dhanteras; festival season sales surge promises turnaround for the slowdown-hit auto sector.

Oct 28, 2019

More sectors to be brought under subsidised UDAN regional connectivity scheme

Airport Authority of India may announce more subsidised flights to revive unserved and underserved sectors under Prime Minister Modi's UDAN programme; there are already more than 600 regional connectivity routes served under the scheme.

Oct 28, 2019

What is RCEP? Will it be bad for economy like demonetisation, GST as some think?

China-led, 16-member RCEP is an expansion of the 10-member Asean by taking in the Asian bloc's free trade partners; the RECP is expected to cover about 3.4 bn population and $49.5 trn GDP (PPP) marking 39.5% of the global economy.

Oct 26, 2019

Backlash over Reliance Jio's decision to charge voice calls

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

The SC order upholding govt's calculation of the adjusted gross revenue will mostly affect top telco Vodafone Idea and third-placed Bharti Airtel; Reliance Jio being a relatively new firm owes minuscule part of the total dues of Rs 93,000 crore.

Oct 26, 2019

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Business news

Infosys says no prima facie evidence found on whistleblower complaints

Market today: Sensex crosses 40,400 to hit record high; Nifty above 11,900

SBI to auction NPAs worth Rs 700 crore in November to recover dues

Withdraw prohibited export subsidies, WTO dispute panel recommends India

OYO LIFE emerges as India's biggest player in co-living spaces, to add 1 lakh beds by 2020 end

Cognizant layoffs: IT major to cut 7,000 mid-senior level jobs in restructuring push

Sensex hits record high, surpasses 40,260, Nifty tops 11,900

Sensex hits 40,000, Nifty above 11,800 as financials gain

Telecom industry stares at another round of firing post AGR ruling

Clash of the titans: Will GVK succeed in keeping Adani out of Mumbai airport?

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

Worried about slowdown? Mercedes-Benz India sells 600 luxury cars on Dhanteras

More sectors to be brought under subsidised UDAN regional connectivity scheme

What is RCEP? Will it be bad for economy like demonetisation, GST as some think?

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

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