Business news

In a first, New York aims to curb Uber and other taxi services

New York City is attempting to be the first to cap ride-hailing services, in a move that has not gone down well with companies and commuters.

Jul 29, 2018

In a first, Amazon's international losses shrink since 2016

Amazon's international losses for the June quarter were $494 million, a fall of 31 percent as against $724 million in the same quarter of last year.

Jul 28, 2018

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Data privacy: Srikrishna panel backs 'explicit' consent for sensitive data; penalties for violation

The committee which was set up in 2017 to recommend a legislative framework for data privacy submitted its report to the Union minister for law and justice, and electronics and Information Technology, Ravi Shankar Prasad.

Jul 28, 2018

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HCL on the rise, takes over Wipro as third largest IT firm

HCL reported Rs 2,431 crore in net profit for Q1, and overtook Wipro in terms of dollar revenue, clocking $2.05 billion, as compared to Wipro's $2.02 billion.

Jul 28, 2018

Crippled by bad loans, ICICI posts first ever loss in 16 years

Hurt by higher provisions for bad loans and bond losses, as well as the ongoing investigation into former Chief Executive Chanda Kochhar, ICICI Bank posted its first loss in 16 years, reporting Rs 1.2 billion in losses for the first fiscal quarter.

Jul 28, 2018

Domino's takes a slice of GST cuts, deprives customers of benefit

Anti-profiteering authorities are currently investigating the pizza chain for failing to reduce prices of its products and not passing on the cut in GST rates to the consumers.

Jul 27, 2018

Food apps ahead of e-commerce giants in paying delivery staff

Swiggy and Zomato have doubled the salaries of delivery executives and they now pay more than e-commerce giants like BigBasket and Flipkart.

Jul 27, 2018

E-commerce giants, cotton industry hit by truck strike

With no end in sight for the strike, the cotton factories are on the verge of closure and vegetable prices are expected to rocket as inventory is dwindling.

Jul 27, 2018

Play

New deal sees an end to the US and EU trade war

EC head Jean-Claude Juncker and US President Trump announce an end to the US-EU trade war with a new deal that will see Brussels import soybeans and liquefied natural gas.

Jul 26, 2018