Business news

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Crude awakening: Chinese oil demand rebounds as independent refiners restock

Global benchmark Brent oil prices had fallen more than 30 percent to just above $50 a barrel by the end of 2018.

Jan 28, 2019

Reliance Jio's interest to heat up race for Zee Entertainment stake

Mukesh Ambani's company will be joining global giants like Amazon, Apple, Tencent and Alibaba in a bid war for ZEEL investment.

Jan 28, 2019

Railways conscious of social, economic responsibilities: Piyush Goyal

Piyush Goyal's meeting with PSB chiefs will review policy tweaks in budget

Standing in for Arun Jaitley for the second time, Piyush Goyal receives North Block officials' briefings to steer the Finance Bill through this government's last parliamentary session.

Jan 25, 2019

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SBM Bank of Mauritius opens wholly owned subsidiary in India

SBM Bank (India) will extend its network by end of March 2020 with four new branches focusing on the mid-market segment.

Jan 25, 2019

Who is whistleblower Arvind Gupta? How did he chase down Chanda Kochhar?

Whistleblower Arvind Gupta unearthed the multi-crore scam at ICICI Bank by analysing publicly available records over the years.

Jan 25, 2019

Asia stocks gain, euro struggles after dovish ECB

Asian stocks inched higher on Friday, buoyed by gains in U.S. technology shares, but gains were capped by worries over slowing growth in Europe and caution ahead of several key events next week including U.S.-China trade talks.

Jan 25, 2019

Apple lays off 200 employees from its autonomous vehicle project

The Cupertino-based tech giant is said to have taken the step as part of its restructuring plans for the unit. Apart from the 200 employees, there are many others who will be moved to various other units within Apple.

Jan 25, 2019

RCom sinks deeper into the red as net loss widens to Rs 238 crore in Q3

A marginal rise in Q3 total income to Rs 1,083 crore from the preceding quarter's Rs 1,014 crore fails to buoy the bottom line

Jan 24, 2019

IndiGo shares soar with Q3 revenue report despite profit plunge

India's largest airline acknowledges fuel and currency turbulence as revenue rises to Rs 7,916 year on year as profit after tax falls 75%.

Jan 24, 2019

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Merger of Jet Airways and Air India will save both, but will be bad for flyers

If the two full service carriers were to merge, both could do away with suicidal discounting. A rationlisation of ticketing will be a crucial part of the turnaround of both the airlines.

Jan 24, 2019

Oracle pay bias lawsuit: Tech giant underpaid thousands of women, black and Asian employees

The United States Department of Labor has accused Oracle of underpaying more than 5,000 women employees with disparity recorded at about 20 percent and said that over 11,000 Asians too were paid 8 percent lesser than the other workers.

Jan 24, 2019

ITC drags markets; Sensex ends 336 points lower

The Indian rupee gains 17 paise to trade at 71.27 against the US dollar, providing some support to the overall dismal sentiment.

Jan 23, 2019

ITC posts 3.84% growth in third quarter, shares slide 4.75%

ITC third quarter results were better than the analysts' estimates, according to Reuters Refinitiv Eikon data.

Jan 23, 2019

Essar Steel bankruptcy row clouds India's FDI push

ArcelorMittal says the inability to apply the law correctly would blemish the nation's standing as a rising investment destination.

Jan 23, 2019

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Halwa Ceremony: Budget makers enjoy their sweets, will you get yours on Feb 1?

The Halwa ceremony marks the beginning of the budget printing at the finance ministry. After the sweets, the top officials are locked in North Block basement.

Jan 22, 2019