Business news

Uber taxis petrol-bombed in South Africa

A feud between Uber drivers and metered taxi drivers turned the streets of Johannesburgs most affluent neighbourhoods into a battleground on Thursday evening, 7 September.

Sep 8, 2017

SEBI slaps Rs 2,423 crore fine on PACL and its four directors

The four directors were asked to jointly and severally deposit the penalty amount within 45 days.

Sep 8, 2017

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DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

OYO gets Rs 1,600 crore in fresh round of funding led by SoftBank

The company's unique business model and vision for the hospitality industry boosted investor confidence: Ritesh Agarwal

Sep 7, 2017

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Reliance Jio subscriber base has surpassed 130 million: Mukesh Ambani

The telecom operator added 29 million new subscribers in last one month, propelled because of highest number of customer addition (29 million) in a month. Out of this 29 million, Jio alone added 19.63 million subscribers.

Sep 7, 2017

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

Tightening laces: Adidas might trim employees in India by 25 percent

This comes right after its rival Nike sacked about 20 percent of its employees in India last week.

Sep 7, 2017

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All new Jaguar Land Rover cars to have electric option from 2020

Demand for electric models continues to rise sharply and in July, Britain said it would ban the sale of new petrol and diesel cars from 2040 to cut pollution.

Sep 7, 2017

Nusli Wadia writes to SEBI urging action against independent directors of 3 Tata firms

Wadia requested the regulator to conduct a "full and impartial investigation" under listing regulations on the reports submitted by the audit committees of the respective companies.

Sep 7, 2017

Shell company directors to be jailed for 10 years if caught siphoning money

The government has said identification of more shell companies is in progress and efforts are on to find out the "actual beneficiaries and persons".

Sep 7, 2017

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Airtel writes to TRAI slamming Jio for its 'false claims'

Airtel in a letter to TRAI has said Jio's assertions were grossly incorrect and done with the purpose of creating policy bias in its favour.

Sep 7, 2017

Essar Oil to pump in Rs 1,625 crore to expand refining capacity in UK

The oil marketing firm aims to increase its refining capacity from 9.09 million tonnes per annum to 9.7 million tonnes by March 2018.

Sep 6, 2017

Pakistan cashing in on Qatar blockade as new trade routes thrive

The state-run conglomerate Milaha said the first vessel will arrive at the newly-inaugurated Hamad Port outside the Qatari capital on September 11.

Sep 6, 2017

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Automation could render 7.5 lakh low-skilled Indian workers jobless by 2022

This directs the need for the IT low skilled workers to acquire new skill sets that are market relevant and roles are not under the automation threats.

Sep 6, 2017

If Air India bid fails IndiGo may buy stake in Jet Airways

IndiGo has a greater chance to seal the Air India deal with new foreign direct investment (FDI) policy in place.

Sep 6, 2017

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