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e-commerce

Deep discounts by e-commerce players: Offline players demand similar deal

In its letter to Samsung, AIMRA argued that last year's festive season was worst ever in terms of sales for the offline mobile retail business and they have started to face the heat this year as well. Oct 3, 2019
Huawei

5G rollout: India may keep out Huawei as views converge after Modi-Trump talks

A few days after Prime Minister Modi's meeting with President Trump, a closed-door meeting of top officials of both countries narrows differences on contentious issues including Huawei role in 5G technology rollout. Oct 3, 2019
airbus

US widens trade war; slaps 25 percent tariffs on European goods, 10 percent on Airbus

But no tariffs will be imposed on EU-made aircraft parts used in Airbus' Alabama assembly operations or those used by rival US planemaker Boeing Co, safeguarding US manufacturing jobs. Oct 3, 2019
Airtel vs Reliance Jio

Will slugfest of Vodafone, Jio and Airtel over ring duration affect your calls?

Trai intervenes after bare-knuckle slugfest breaks out over mismatch of interconnect usage charges after Jio cuts ringer duration hitting Vodafone-Idea and Airtel revenues. Oct 2, 2019
PMC Bank

PMC bank created more than 21,000 fraudulent account to conceal loans

The complaint has accused the bank's Chairman, Waryam Singh, and its Managing Director Joy Thomas, along with other bank officials of criminal breach of trust, forgery and falsification of records. Oct 2, 2019
Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts. Oct 1, 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

Markets today: Sensex jumps 250 points, Nifty above 11,000-mark in opening trade

The 30-share Sensex recovered by 0.65 percent at 38,917.39, and the Nifty by 0.60 percent at 11,543.75. Oct 1, 2019
Bombay Stock Exchange building BSE

Signs of revival? FPI invests Rs 7,850 crore into stock market in September

The news has come as a major relief for the government as FPIs were net sellers in July and August. Oct 1, 2019
Forever 21

Forever 21 files for bankruptcy as fast-fashion chain loses to e-commerce

The decision of closing around 350 stores worldwide, including 178 stores in its home market - the United States, comes after months of speculations. Sep 30, 2019
amazon flipkart sale

Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown

Booming sales in tier-two and lower cities helped e-tailers such as Amazon and Flipkart achieve their biggest ever opening. Sep 30, 2019
Nirmala Sitharaman

Will RBI cut interest rate by 40 bps for 5th successive time this year?

Most experts expect a rate cut though they differ on the quantum ranging between 15 and 40 basis points; Finance Minister Nirmala Sitharaman's growth push is likely to guide RBI's monetary policy Sep 29, 2019
Reserve Bank of India

Should RBI's regulatory action on Lakshmi Vilas Bank worry erring lenders?

Lakshmi Vilas Bank became second major private lender to get the rap under 'prompt corrective action' framework of the RBI, after the action against PMC Bank. Sep 29, 2019
lpg imports by india, lpg imports by india, give it up campaign, pm modi pushes lpg campaign, modi govt, ppac data for march, india cruce oil imports

LPG crisis looming? Cooking gas shortage could worsen during festival season

LPG vendors may begin rationing of LPG cylinders to customers as the effect of Houthi attacks on Saudi oil installations and fire at ONGC's Uran plant affects supplies in Karnataka, Maharashtra, Punjab, and Goa amid domestic shutdowns Sep 28, 2019
PMC Bank customers panic after RBI restricts withdrawals

PMC becomes latest bank out of 23 others to face RBI action over irregularities

Since the beginning of 2019, the RBI has put 23 more co-operative banks under similar restrictions. Sep 27, 2019
PMC Bank customers panic after RBI restricts withdrawals

PMC Bank crisis exposes regulatory failures plaguing cooperative banking space

Reserve Bank of India failed to intervene though PMC Bank chairman Waryam Singh's close links with bankrupt real estate company Housing Development and Infrastructure Ltd was known for long. Sep 27, 2019
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