Business news

Fiat Chrysler to hire 1500 more employees in India by 2017-end

The 1500 employees will be hired at Fiat Chrysler's plant in Ranjangaon, Pune, where the company is manufacturing the Jeep SUV – the Compass -- for India as well as the international market.

Jun 3, 2017

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Reserve Bank of India initiates steps to replace outgoing deputy governor SS Mundra

SS Mundra, currently one of the four deputy governors of RBI, is due to retire in July.

Jun 2, 2017

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IT layoffs: Pessimism, fear grips employees; mid-level staff most vulnerable

A survey covering 11,000 IT employees by a business newspaper throws up many interesting insights into the context of job cuts.

Jun 2, 2017

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Sensex, Nifty close at record highs; Hero Motocorp, Wipro, Cipla, Adani Ports lead rally

On Friday, benchmark indices BSE Sensex and NSE Nifty closed at record highs, led by Wipro, Hero Motocorp, Cipla and Adani Ports.

Jun 2, 2017

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IT layoffs: Tech Mahindra, Wipro employees take cue from Cognizant counterparts, petition Karnataka govt via trade union FITE

Four Tech Mahindra employees and one from Wipro approached trade union FITE, which in turn had submitted their grievances to Karnataka government.

Jun 2, 2017

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Privatising Air India: Tatas eyeing state-run carrier?

A meeting that was reportedly held in New Delhi on Thursday between Tata Sons chairman N Chandrasekaran and union Finance Minister Arun Jaitley sets tongues wagging.

Jun 2, 2017

Tesla CEO Elon Musk, Disney head Robert Iger quit Trump's advisory councils after decision on Paris Climate deal

Donald Trump, on Wednesday, decided to pull the US out of landmark global agreement designed to fight climate change.

Jun 2, 2017

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Gold hits one-week low as stocks, dollar gain after upbeat US data

Gold fell to its lowest in a week after upbeat US private sector job figures seemed to boost the odds for an increase in the interest rate this month.

Jun 2, 2017

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ICICI Bank, Maruti Suzuki, Hindustan Unilever hit new 52-week highs on BSE

Benchmark indices ended flat on Thursday, but select stocks such as ICICI Bank, HUL, Maruti Suzuki, Voltas and Karnataka Bank hit fresh 52-week highs.

Jun 1, 2017

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SpiceJet commences three new daily flights from Surat to Hyderabad, Goa and Jaipur

To cater to the peak summer rush, from March to October, SpiceJet has added 19 new domestic and 3 new international flights.

Jun 1, 2017

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Sensex, Nifty end May on bullish note; Q4 GDP data, May auto volume sales to influence trading on Thursday

May was an action-packed month for stock markets, with GST rates, external data and Q4 results lifting benchmark indices Sensex and Nifty to record highs. India's GDP grew at 6.1 percent for the March quarter.

May 31, 2017

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After Interglobe Aviation and Jet Airways, all eyes now on SpiceJet Q4 results

Jet Airways reported 95 percent fall in net profit for Q4 while Indigo-owner Interglobe Aviation's bottom line dropped 25 percent; SpiceJet's results are due on June 3.

May 31, 2017