Business news

Mighty Tatas restructure unwieldy group into 10 verticals

The move is aimed at improving coordination and functioning and is likely to help in synergising operations of over 100 group companies, often operating in overlapping markets.

Mar 4, 2019

Traders eye bullish turn as border tensions recede, US-China trade wars ease

Indian markets are closed on Monday but are expected to respond positively amid improving chances for Modi government's return and global cues.

Mar 4, 2019

NSEL scam: Commodity brokers jittery as Sebi ban hangs over more entities

Six big names including Motilal Oswal and Geojit hit by the ban as the market regulator is probing about 300 broking entities in the Rs 5,500-crore NSEL scam

Mar 2, 2019

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Jet troubles worsen as other airlines refuse to fly passengers with cancelled tickets

Air India, Air Vistara cancel deals with Jet for carrying interrupted flights passengers citing big gap in prevailing rates and the standard rate applicable under an agreement.

Mar 2, 2019

Naresh Goyal pens letter to Jet staff hoping things will 'ease up,' son Nivaan may be inducted into board

In the letter sent out to Jet Airways' employees on March 1, Goyal said he was he is "prepared to make any sacrifice to ensure your future comfort and prosperity, viability of the airline and welfare of all employees."

Mar 2, 2019

ICICI bank-Videocon case: Chanda Kochhar reaches ED Mumbai office for questioning

The summons was sent a day after the investigation agency carried out raids at offices and homes of the Kochhars and Videocon chief Venugopal Dhoot.

Mar 2, 2019

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Anti-fake rules in draft e-commerce policy to help lower originals' cost

Even though online retail companies do not share data on fake products, some studies have pegged the share of counterfeit goods sold online at 20%.

Mar 1, 2019

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Economic growth for FY19 at 7% projected to be lowest for Modi years

GDP growth estimated to hit a six-quarter low of 6.6% in the third quarter with the expansion falling in all key sectors, CSO data show.

Mar 1, 2019

ICICI Bank-Videocon case: Chanda Kochhar's residence raided by Enforcement Directorate

Enforcement Directorate had earlier registered a money-laundering criminal case against Chanda Kochhar, Deepak Kochhar and Videocon's Venugopal Dhoot.

Mar 1, 2019

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Reliance Industries eyes majority stake in logistics startup Grab

The acquisition of the hyperlocal logistics company is expected to help RIL fine-tune its e-commerce plans.

Mar 1, 2019

Jet Airways founder Naresh Goyal agrees to step down as chairman

After months of deliberation, the exit of Naresh Goyal would allow the board to go ahead with the debt restructuring plan of the cash-strapped airline.

Mar 1, 2019

Finance Ministry asks tax panel to rationalise existing income-tax slabs

Panel will look at tax slabs, particularly the 20% slab, and revise them in the light of international best practices.

Feb 28, 2019

Bengaluru boasts highest number of cryptocurrency job openings in the country

Bengaluru currently has 34 per cent job openings in cryptocurrency in recruitment website 'Indeed', making it top the list while Pune trails far behind with only eight per cent job openings in cryptocurrency.

Feb 28, 2019

Volatility spirals as border tensions hammer Karachi stock exchange

KSE100 plunged nearly 1,500 points after Indian strikes and Pakistani retaliation; benchmark recovers some ground though choppiness remains.

Feb 28, 2019

Elon Musk changes Twitter name to Elon Tusk amid reports he may lose CEO post

Tesla CEO Elon Musk changed his name and also put up an elephant emoji next to his new name. He then changed his profile picture and put up an image of Mars, and promised to announce some Tesla "news" on Thursday, February 28, at 2 pm California time.

Feb 28, 2019