Business news

Carlos Ghosn's $70 mln hidden pay points to rot at Nissan

Ghosn's pay had attracted negative attention earlier as well in Japan, where executives are paid frugally by western standards.

Dec 5, 2018

Cash-crunched Jet Airways 'close to deal' with Etihad Airlines for fresh capital infusion

Executives of UAE national carrier talk to bankers to put together a rescue plan for debt-laden Indian private airline.

Dec 5, 2018

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Rupee relief unlikely to last as Modi government goes into election year

Domestic pressures like elections and international factors including oil and trade uncertainties could weaken the currency.

Dec 5, 2018

HUL chief's statement failed to allay GSK India staff fears: Report

GSK's 4,000 employees in India worried that restructuring after one year could affect them adversely as HUL integration begins.

Dec 5, 2018

Q3 results: Xiaomi pips Apple and Fitbit in wearable devices segment

Xiaomi grabbed the top position with 21.5 market share in the global wearable segment in the third quarter as Apple came second with 13.1 per cent share. Global shipments of wearable devices reached 32 million units in the third quarter of 2018.

Dec 4, 2018

L&T Finance Holdings' N. Sivaraman appointed as IL&FS COO

Sivaram is a veteran in the financial management of the asset companies. He was associated with the construction behemoth Larsen and Toubro group for a period of 34 years.

Dec 4, 2018

Free meals scrapped from two more economy class in debt-laden Jet Airways

However, the Jet passengers who have made bookings prior to December 21, will continue to enjoy complimentary meals across saver and classic fare options

Dec 4, 2018

Aggressive Reliance Jio triggers consolidation of market rivals

Airtel eyes monetisation of fibre network in partnership Vodafone, Idea to generate extra revenue needed to drive growth

Dec 4, 2018

Nifty, Sensex echo weakness in Asia; domestic investors await state election results

Asian shares fell as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. An inverted U.S. yield curve also raised concerns about a possible recession.

Dec 4, 2018

McDonalds to drop antibiotics in chicken supply

Poultry exports from India to get a boost with ban on growth drugs

Government plans to ban use of weight gain antibiotics in chicken in line with international practices

Dec 4, 2018

Amazon briefly edges out Apple as most valuable company on Wall Street

Amazon rose by 4.7 percent at one point, putting its market capitalization at $865.0 billion. At the same time, Apple traded up 2.1 percent, giving it a market capitalization of $864.8 billion.

Dec 4, 2018

World Bank to raise $200 billion to fight climate change

The latest OECD data shows that in order to fight climate change, developed countries have given their commitment to infuse a combined annual public and private spending to $100 billion in developing countries by 2020

Dec 3, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

Modi govt plans rationalisation of customs duty structure

Regulations will mirror GST and reduce interaction between traders and officers with online clearance facility

Dec 3, 2018

HUL buys Horlicks from GSK in India's largest consumer goods deal

Unilever approves merger of Indian business in $3.8bn deal with GSK which will get 5.7% HUL stake

Dec 3, 2018

Financial crunch forces Jet Airways to reduce operations on Gulf routes

The airlines will trim its flight operations to Dubai, Abu Dhabi, Doha and Muscat including routes Kozhikode-Thiruvananthapuram, Doha-Kochi, Abu Dhabi-Mangalore, Mangalore-Dubai, Delhi-Muscat and Abu Dhabi-Lucknow.

Dec 3, 2018