Business news

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

IndiGo, the country's largest carrier with a market share of over 40 percent, reported a loss of Rs 652.1 crore in the quarter ended September 2018. The loss has been attributed to high fuel cost, rupee depreciation and intense competition

Oct 25, 2018

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Sensex hits 7-month low, falls over 400 points amid rout in global equities

Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.

Oct 25, 2018

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Jet Airways, in which Abu Dhabi's Etihad Airways has a 24 percent share, has been looking for suitors ever since it started facing cash flow issues.

Oct 23, 2018

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

However, on the upside, TeamLease said jobs will be created in areas like as project management and IT infrastructure.

Oct 23, 2018

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

For the first time, the cab drivers are demanding a fix minimum fare between Rs 100 and Rs 150 and the charge per km between Rs 18 and Rs 23, depending upon the type of vehicle booked.

Oct 22, 2018

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Jet Airways begins layoffs after month-long lull; asks 15 employees to leave by October-end

As a cost-cutting measure and to save fuel, the airline company has also grounded eight of its flights at Chennai and Mumbai airports.

Oct 22, 2018

Diesel costlier than petrol in Odisha; Oil Minister asks Naveen Patnaik govt to slash VAT

A litre of diesel costs 12 paise more than that of petrol in Bhubaneswar, with diesel being sold at Rs 80.69 per litre and petrol at Rs 80.57 per litre.

Oct 22, 2018

Madhya Pradesh: Over 400 theatres shut down to protest against entertainment tax

A theatre owner said that entertainment tax, which had been levied over and above GST, had created an additional financial burden on the sector and was also defeating the "one nation, one tax" that GST promised.

Oct 22, 2018

Mukesh Ambani, Sunil Mittal to share dais at India Mobile Congress; all you need to know

Heads of the country's top telecom firms will be seen sharing dais during the India Mobile Congress from October 25-27, where these telcos are expected to discuss critical issues facing the industry.

Oct 21, 2018

End of 'Good Times'? Embattled tycoon Vijay Mallya might lose swanky London mansion

Mallya, his mother Lalitha Mallya and son, Siddhartha Mallya might soon have to leave their Regent Park facing London home.

Oct 21, 2018

HDFC Bank Q2 net profit rises 20.6% to Rs 5,006 crore

The Bank's total income for the quarter under review was at Rs 28,215.2 crore, up by 21.2 per cent from Rs 23,276.2 crore for the corresponding period last year.

Oct 21, 2018

Cash-crunched Jet airways to raise $800 mn from sale and leaseback of 16 aircrafts - Report

The airline company, which has been in financial trouble for the past few months, currently owns 16 aircrafts, out of the 124 in its fleet.

Oct 20, 2018

India gets first-of-its-kind Bitcoin ATM kiosk in Bengaluru; here's all you need to know

The user will be able to withdraw the money he made through the buying and selling of bitcoins with the help of the kiosk.

Oct 20, 2018

Tata Consultancy Services overtakes Accenture to become largest IT firm servicing banks

In September quarter, TCS reported revenue of $5.21 billion, clocking 10% growth and in comparison, Accenture registered a growth of 11% from the year-ago period generating $10.1 billion in August.

Oct 18, 2018

Adani Group partners with French oil major Total to enter petroleum retail business

The joint venture is aiming for a slice of the domestic fuel market which is growing at 4% annually aided by improving road infrastructure and higher purchasing power.

Oct 18, 2018

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Business news

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

Sensex hits 7-month low, falls over 400 points amid rout in global equities

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

Jet Airways begins layoffs after month-long lull; asks 15 employees to leave by October-end

Diesel costlier than petrol in Odisha; Oil Minister asks Naveen Patnaik govt to slash VAT

Madhya Pradesh: Over 400 theatres shut down to protest against entertainment tax

Mukesh Ambani, Sunil Mittal to share dais at India Mobile Congress; all you need to know

End of 'Good Times'? Embattled tycoon Vijay Mallya might lose swanky London mansion

HDFC Bank Q2 net profit rises 20.6% to Rs 5,006 crore

Cash-crunched Jet airways to raise $800 mn from sale and leaseback of 16 aircrafts - Report

India gets first-of-its-kind Bitcoin ATM kiosk in Bengaluru; here's all you need to know

Tata Consultancy Services overtakes Accenture to become largest IT firm servicing banks

Adani Group partners with French oil major Total to enter petroleum retail business

Monaco Grand Prix 2022: Everything you need to know from Schedule to track, when and where to watch

Sunjwan terror attack: NIA arrests key accused from Kashmir; establish JeM link [details]

Dhanush Might Get His Own Hollywood Superhero Flick, The Gray Man Spin-Off On Cards