Business news

Battle for India's e-commerce market: Amazon India beats Flipkart for the first time in gross sales

However, the report revealed that Flipkart has an edge over Amazon when it comes to revenues.

Nov 28, 2018

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Urjit Patel's stand on RBI reserves may cause more friction with Modi govt

RBI thinks entire current reserves are necessary to help nation weather global uncertainties while FinMin wants part of the funds released to ease liquidity

Nov 28, 2018

IKEA India yet to start online sales but products are on sale on Amazon, Flipkart

IKEA products like chairs, stools, saucepan sets, artificial potted plant, multipurpose containers, cutleries and others are currently being offered on popular e-commerce websites. However, these are not sold directly by IKEA.

Nov 28, 2018

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Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Reports had emerged on Monday that chairman Goyal was willing to cut his equity stake in Jet to as low as 15 percent in order to prevent the carrier going belly up.

Nov 28, 2018

Nestle close to acquiring Horlicks from GSK India

A deal for the children's malt-based health drink brand will extend the Swiss giant's dominance in India's processed food market.

Nov 28, 2018

Moody's downgrades Yes Bank ratings amid leadership transition, governance issues

Moody said that developments could constrain the bank's ability to raise new capital.

Nov 28, 2018

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Alibaba's Jack Ma is a Communist Party member, reveals China state paper

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

Nov 27, 2018

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GST rate cut benefits: Jump in complaints against FMCG firms

The increase in a number of complaints highlights the challenges faced by the manufacturers to ensure that the cost of products in their basket is reduced in accordance with the GST rate cuts.

Nov 27, 2018

Retaining talent: Infosys doubles pay for 'skilled up' employees

The programmes are for Infosys employees associated with the company for more than three years to stop them from moving to another company or pursue higher studies.

Nov 27, 2018

Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

A Bloomberg report says the government nominees on the board will ask RBI to take steps to prevent banks from accumulating bad loans rather than penalise them after the fact.

Nov 27, 2018

RCom fears DoT bank guarantee push can scupper assets sale deal with Jio

Anil Ambani's company told the top court that government ignored collateral security worth Rs 1,400 cr while seeking Rs 2,940 cr bank guarantee.

Nov 27, 2018

Flipkart co-founder Sachin Bansal eyes comeback with fintech and agri-tech on radar

Sachin has reportedly partnered with Ankit Aggarwal, his IIT-Delhi friend and has offered him to take the position as a founder and partner employee of the proposed platform.

Nov 27, 2018

General Motors shaking things up; to cut 15% jobs, shuts down 5 plants in North America

In 2019, General Motors will wind up operations of plants in Detroit, Ohio and Ontario, Canada, and transmission factories in Michigan and Maryland. GM has already announced the closure of the assembly plant in Gunsan, South Korea.

Nov 27, 2018

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Sensex, Nifty turn cautious amid weak global cues

According to analysts, investors remain cautious due to uncertainty over US-China trade war, domestic state elections and dimming global outlook on account of sharp fall in oil prices.

Nov 27, 2018

Mitsubishi Motors ousts Carlos Ghosn as chairman, days after Nissan firing

Carlos Ghosn was removed from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.

Nov 26, 2018

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Business news

Battle for India's e-commerce market: Amazon India beats Flipkart for the first time in gross sales

Urjit Patel's stand on RBI reserves may cause more friction with Modi govt

IKEA India yet to start online sales but products are on sale on Amazon, Flipkart

Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Nestle close to acquiring Horlicks from GSK India

Moody's downgrades Yes Bank ratings amid leadership transition, governance issues

Alibaba's Jack Ma is a Communist Party member, reveals China state paper

GST rate cut benefits: Jump in complaints against FMCG firms

Retaining talent: Infosys doubles pay for 'skilled up' employees

Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

RCom fears DoT bank guarantee push can scupper assets sale deal with Jio

Flipkart co-founder Sachin Bansal eyes comeback with fintech and agri-tech on radar

General Motors shaking things up; to cut 15% jobs, shuts down 5 plants in North America

Sensex, Nifty turn cautious amid weak global cues

Mitsubishi Motors ousts Carlos Ghosn as chairman, days after Nissan firing

Infiltration bid foiled on LoC; arms, narcotics recovered from killed terrorist [details]

Omar 'disagrees' with his father on "The Kashmir Files" role in igniting violence [details]

Month after CBI raids, senior IAS officer of J&K transferred to Mizoram [details]