Business news

Reliance Power shares meltdown: Anil Ambani-led firm seeks Sebi ban on Edelweiss Securities

Anil Ambani-led company alleges market abuse after heavy erosion in market cap of group companies following the sale of shares pledged to lenders.

Feb 11, 2019

OYO in talks to buy Keys Hotels from US-based private equity firm

If the deal materialises, it would be the fourth acquisition in a year for Softbank-backed OYO.

Feb 10, 2019

DGCA bar on longer Neo, MAX flights affects Indigo, Jet

The curbs were put in place after a 737 MAX jet operated by Indonesian airline Lion Air had crashed last year, killing all 189 people on board.

Feb 10, 2019

Lenders react sharply to Anil Ambani remarks on fire sale of ADAG firms' shares

Shares of Anil Ambani group companies lost Rs 14,000 crore in market cap prompting Ambani to attribute motives to the fire sale.

Feb 9, 2019

Tesla's delivery team gutted in recent job cuts

Tesla declined to comment on the job reductions in the delivery team. The company still has an undisclosed number of delivery personnel attached to other locations.

Feb 9, 2019

Election-year uncertainties inhibit market after RBI rate cut surprise

Feel-good vibe of interim budget ebb as worry over large borrowings and choppy global indices spur risk aversion.

Feb 8, 2019

British billionaire Richard Branson to go to space by July?

Branson wants to commemorate the 50th anniversary of the moon landing, which took place on July 20, 1960, during the Apollo 11 mission.

Feb 8, 2019

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys to double campus hiring in US, on track to take in 10,000 local workers by 2020

In the last 18 months, Infosys is known to have hired about 7,600 locals in the US and had said that it was making a "sustained effort" in taking forward its localisation drive. Many believe this is the company's way to appease the Trump's admin that has tightened H-1B visa rules to stop its "abuse."

Feb 8, 2019

Tata Motors logos are seen at their flagship showroom

Tata Motors reports massive Q3 net loss of Rs 26,961 crore on Jaguar Land Rover woes

According to the group, its net profit was impacted by an exceptional item of "Asset Impairment" in JLR (Jaguar Land Rover) worth Rs 27,838 crore (3.1 billion pounds).

Feb 8, 2019

Twitter Goes Public On The New York Stock Exchange

Twitter revenue hits $909 million in Q4

The social network's net income for the fourth quarter was $255 million, compared with $91 million in the same period of a year earlier, representing a net margin of 40 per cent.

Feb 8, 2019

RBI monetary policy: Repo rate cut to 6.25% expected to push further growth

The shift in RBI policy stance to 'neutral' from 'calibrated tightening' is expected to help Prime Minister Modi's re-election bid by easing liquidity.

Feb 7, 2019

Cognizant CEO Francisco D'Souza steps down, Vodafone executive Brian Humphries to take over

This is the first time Cognizant has picked an outsider to head the company and Humphries will take over on April 1, 2019. D'Souza will serve as a full time executive vice chairman until June 30, after which he will be a part of the board as a vice chairman.

Feb 7, 2019

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Business news

Reliance Power shares meltdown: Anil Ambani-led firm seeks Sebi ban on Edelweiss Securities

OYO in talks to buy Keys Hotels from US-based private equity firm

DGCA bar on longer Neo, MAX flights affects Indigo, Jet

Lenders react sharply to Anil Ambani remarks on fire sale of ADAG firms' shares

Tesla's delivery team gutted in recent job cuts

Election-year uncertainties inhibit market after RBI rate cut surprise

British billionaire Richard Branson to go to space by July?

Infosys to double campus hiring in US, on track to take in 10,000 local workers by 2020

Tata Motors reports massive Q3 net loss of Rs 26,961 crore on Jaguar Land Rover woes

Twitter revenue hits $909 million in Q4

RBI monetary policy: Repo rate cut to 6.25% expected to push further growth

Cognizant CEO Francisco D'Souza steps down, Vodafone executive Brian Humphries to take over

New SIP investors face heat as equity fund returns slip into red

Essel Group eyes hiving off finserv businesses to cut debt burden

No more discounts on Zomato and Swiggy? Code of conduct to soon hit online food aggregators

Who was Shimoga Subbanna; noted Sugama Sangeetha singer passes away [details]

Laal Singh Chaddha 1 Day Box office Collection: Aamir Khan-starrer Off to Slow Start

Rains wreak havoc in Jammu; mother-daughter washed away in flash flood in Ramban [details]