Business news

China unveils worlds first commercial amphibious drone

The U650 drone is about 20 feet long, weighs about 750kg, and has a range of over 2,000km at 180kmh. It can carry a range of cargo from cameras and survey instruments, to medical supplies and even small ordnance.

Sep 28, 2017

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Dalal Street bleeds: Sensex hits 3-month low, investors pull out Rs 6 lakh crore

With Wednesday's trade, the Indian equity market fell for the seventh straight session. The Sensex lost 1,270 points, or 3.91 percent during the period.

Sep 27, 2017

High-level exits: Infosys senior VP and head of technology Navin Budhiraja quits

Budhiraja's exit can impact the company's ambitious plans to monetize and scale up business from its artificial intelligence-powered platform, Infosys Nia.

Sep 27, 2017

Anil Ambani flags 'creative destruction' of telecom sector

Sector under stress, and banks are not lending he says, pointing out that many operators have seen value erosion and large losses over the past year.

Sep 26, 2017

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Buying an iPhone 8? Here are some offers you should look at

Citibank and Jio, and online retailers Flipkart and Amazon have lined up impressive exchange and buyback deals.

Sep 26, 2017

SBI reduces penalty for non-maintenance of minimum balance

SBI has lowered the penalty on savings accounts for non-maintenance of minimum balance while exempting the accounts of minors and pensioners. Read to know more.

Sep 26, 2017

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GDP share of exports in Q1 slumps to 14-year low at 19.4%

Share was 20% in fiscal 2017; exports rose just 1.2% in Q1 despite strong rebound in global trade in goods and services.

Sep 26, 2017

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Air India taps Rs 6,000 crore loan amid disinvestment plans

The airline is facing cash deficit and the loans from the government will offer some short-term relief and meet the immediate capital requirements.

Sep 26, 2017

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Some ghee in your decaf? Creative usage by overseas customers boost Indian brands

E-commerce platforms like Amazon sell ghee to US consumers who use ghee mostly to make "bullet-proof coffee".

Sep 26, 2017

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GST impact, subdued business activity push Nifty below 9,900, Sensex drops around 300 pts

Clearly, both the initiatives (GST and demonetisation) had a more severe impact than what we have imagined, says Harsh Mariwala.

Sep 25, 2017

Infosys Foundation to set up Rs 5-crore R&D war-chest for IISc

The funds will be used in research, training and creating awareness about infectious diseases that will also benefit 25 faculty members and 250 students of the institute.

Sep 25, 2017

After SBI and Vijaya Bank, Bank of India to raise Rs 500 crore via QIP

State-owned lenders are reeling under bad loans in the region of Rs 10 lakh crore, and banks are in dire need of capital infusion to continue operations.

Sep 25, 2017

Another 2 lakh directors disqualified for holding posts in defaulting companies

These directors will not be allowed to hold seats in other companies and might have to resign from their posts soon in the future.

Sep 25, 2017

Air India disinvestment facing headwinds, failing to attract buyers

Another reason why investors are not showing much interest in buying the state-owned carrier is because of the company's large debt of more than Rs 52,000 crore.

Sep 25, 2017

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CCD raids: Income Tax Department detects undisclosed income of over Rs 650 crore

This detection of Rs 650 crore of the undisclosed income is also expected to surge in the future.

Sep 25, 2017

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