Business news

Reliance Jio shows impressive growth in customer addition; attracts rural customers

Jio's subscriber market for July rose to 19.6 per cent hence overtaking both Vodafone India and Idea, which were operating as separate entities at the time.

Sep 26, 2018

JSW Energy may buy General Motors' Pune plant to make electric cars

JSW Energy reportedly plans to roll out its first electric vehicle by 2020. The Sajjan Jindal-led business conglomerate seems to have found GM's Talegaon plant in Pune as the base for its EV foray.

Sep 26, 2018

Ready to splurge Rs 123 crore? World's 'most expensive' pair of shoes will be yours

Crafted by UAE-based Jada Dubai in collaboration with Passion Jewellers, the Passion Diamond shoes features gold and hundreds of diamonds, including two imposing D-flawless diamonds of 15 carats each.

Sep 26, 2018

TCS sued by 3 US citizens over employment discrimination

The three complaints -- Darryl Stacy, Donald Stephen Bradley, and Hesham Hafez -- have alleged that TCS prefers to bring in the human resources from India even though there are able and trained US citizens

Sep 25, 2018

Instagram co-founders resign over differences with Mark Zuckerberg

Instagram is expected to get more tightly integrated with Facebook and could become a product division rather than being an independent operation after the exit of its co-founders.

Sep 25, 2018

Saudi Arabian Energy Minister Khalid al-Falih talks to reporters at the OPEC meeting

Crude oil price hits 4-year high as S Arabia, Russia reject US call to raise output

Experts say only a 'demand-destruction' could set prices back but such a phenomenon won't happen Brent crude hits $120 a barrel.

Sep 25, 2018

Former content moderator sues Facebook over mental trauma

The company has said it was "reviewing" the lawsuit and took moderator support "seriously" and pointed to its existing assistance, including "in-house" psychological and wellness support.

Sep 25, 2018

Oyo secures $1 billion in fresh funds to drive China expansion

The billion dollar boost comes from existing investors such as SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners.

Sep 25, 2018

Who is Ajit Mohan? All you need to know about Facebook India's new chief

Ajit Mohan will assume his new role as managing director and vice-president of Facebook's India operations starting from next year. Mohan joins Facebook with over two decades of industry experience.

Sep 25, 2018

Swiss drugmaker Novartis to cut 1,000 jobs - Reuters

The pharmaceutical major had earlier moved IT, reporting, data and communication jobs to Poland and India to cut down costs. In 2017, Novartis boosted its India operations in Hyderabad, where it has more than 3,500 employees.

Sep 25, 2018

Boeing to invest Rs 1,152 cr to build electronics, avionics facility in Bengaluru

Boeing India President Pratyush Kumar met state Chief Minister H.D. Kumaraswamy at the state secretariat to discuss the project.

Sep 25, 2018

Flipkart may get new CEO to replace Binny Bansal; Kalyan Krishnamurthy frontrunner

In the upcoming days, if Flipkart announces its new CEO at the group level, it will witness the fourth major change in leadership in as many years.

Sep 24, 2018

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Markets crash over liquidity fears; Sensex, Nifty down nearly 1.5%

Analysts said on Monday they remained cautious, adding that more downside was likely even as Sensex and Nifty reeled under liquidity concerns at infrastructure financiers IL&FS.

Sep 24, 2018

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Petrol, diesel prices to rise further as global crude poised to touch $100

New Iran sanctions will take 2 million bpd off the markets even as US inventory gets thinner. Fuelled further by supply disruptions elsewhere, global crude prices could breach $100, analysts warn.

Sep 24, 2018

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Comcast outbids Fox by acquiring Sky for $40 million in dramatic auction

Buying Sky will make Philadelphia-based Comcast, which owns the NBC network and Universal Pictures, the world's largest pay-TV operator with around 52 million customers.

Sep 23, 2018

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