Business news

Hong Kong trouble, looming financial crisis sink world's biggest banks in China

'Big four' state-owned lenders that are also world's largest tumble to record low valuations amid concern that Beijing will direct them to bail out smaller banks as economic ills from US-China trade wars grow

Aug 5, 2019

Reliance Jio, Airtel in race for Anil Ambani's RCom assets

The Anil Ambani-led telecom company has been struggling with the long-standing debt of about Rs 46,000 crore.

Aug 5, 2019

DLF pares GIC debt by Rs 3,100 crore; plans to clear all dues by 2nd quarter

DLF has transferred the Mall of India project in Noida to DCCDL to significantly reduce the debt pile.

Aug 5, 2019

BSNL privatisation: Salary delay, worsening fiscal crisis intensify speculation

Industry observers claim the government's focus shifted to BSNL and MTNL after speeding up the privatisation procedures of national carrier Air India.

Aug 5, 2019

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Auto industry may further cut production

The slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the month-on-month sales de-growth.

Aug 4, 2019

Taxation amid slowing economy is killing market's 'animal spirit': D Subbarao

Of late the financial markets have borne the brunt of multiple taxes amid an acute slowdown, which has almost killed the investors' risk-taking appetite.

Aug 4, 2019

India's biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge

Maruti Suzuki said it employed 18,845 temporary workers on average in the six months ended June 30, down 6% or 1,181 from the same period last year.

Aug 3, 2019

Did IBM fire 100,000 employees in last few years just to look 'cool'?

In last seven years, IBM has fired thousands of people in the US, Canada, and other high-wage markets in order to cut down on costs.

Aug 2, 2019

Ola expands operations in Australia's Sunshine Coast

The expansion is a part of Ola's ongoing efforts to provide the community with a better rideshare experience.

Aug 2, 2019

Maruti Suzuki's July sales down by 33.5%

A total of 109,264 units were sold last month, compared to the off-take of 164,369 units recorded during the corresponding period of the previous financial year.

Aug 2, 2019

Airtel posts colossal Q1 loss of Rs 2,866 cr on one-time hit

Airtel said in a statement that with the adoption of IndAS 116, effective April 1, 2019, the results and ratios for the quarter ending June are not comparable with previous periods.

Aug 2, 2019

Xander to buy Pune office park for $130 mn, add 1.1 mn square feet to its assets

The Weikfield IT Citi Info Park in Pune's Viman Nagar is a commercial space leased to companies such as Maersk, WNS, Whirlpool, PTC, Nihilent, Tavisca and many more.

Aug 1, 2019

Amazon plans to buy 26% stake in Mukesh Ambani-led Reliance Retail

Amazon and Flipkart have seen a steady increase in their revenue even after drastic changes in the FDI policy.

Aug 1, 2019

India, UK launch clean air initiative in Bengaluru

British Deputy High Commissioner launches two-year UK-India joint initiative that provides opportunities to test interventions related to air quality and EV integration.

Jul 31, 2019

You will not get Budweiser in Delhi anymore; here's why

The investigation put forward observations where the company was found guilty of using duplicate barcodes on the bottles allowing the company to pay lower levies.

Jul 31, 2019