Business news

Sky is the limit: IndiGo is now tenth largest airline by capacity globally; growth indisputable [details]

IndiGo ends streak of quarterly losses; posts Rs 130 crore net profit in Q3 [details inside]

In a refreshing change, IndiGo has finally managed to report its first quarterly profit in seven quarters with a net profit of Rs 130 crore in Q3.

Feb 4, 2022

Sensex to reach 100,000-mark in five years, by FY27: Jefferies Analyst

Analyst Christopher Wood in his column said the Sensex will hit 100,000 during FY27 or sometime in late 2026

Feb 4, 2022

Sensex, Nifty remain flat as global cues turn negative for tech stocks

Following Facebook's crash in the US markets, Sensex and Nifty may stand to loose on tech stocks while other sentiments remained gloomy after the Budget 2023

Feb 4, 2022

Facebook stocks crash, $230 billion wiped out from market; Zuckerberg behind Mukesh Ambani and Gautam Adani now

Shares opened on Thursday down 25 per cent or a crash of about $230 billion from the social media networking giant's market capitalisation.

Feb 4, 2022

CCI imposes Rs 1,786 cr fine on five tyre cos for indulging in cartelisation

CCI imposes Rs 1,786 Cr fine on tyre firms Apollo, CEAT, MRF, JK and Birla, here's why

The Competition Commission of India (CCI) on Wednesday said it has imposed penalties of Rs 425.53 crore on Apollo Tyres, Rs 622.09 crore on MRF, Rs 252.16 crore on CEAT, Rs 309.95 crore on JK Tyre and Rs 178.33 crore on Birla Tyres for indulging in cartelisation.

Feb 3, 2022

Sensex slips 300 pts on profit booking after budget

The Indian equities opened lower during the early trade on Thursday due to profit booking by investors after sizable gains in past two-to-three sessions.

Feb 3, 2022

For the first time, Facebook loses daily users, ad growth declines, share price plunges by 20%

For the first time ever, Facebook has lost daily users globally, reporting lower-than-expected ad growth that sent its stock plunging nearly 20 per cent.

Feb 3, 2022

IndiGo adds 250 new destinations with Air France, KLM partnership [details]

IndiGo adds 250 new int'l destinations with Air France, KLM partnership [details]

The partnership expands IndiGo's air network, connecting customers to 250 new destinations across the world, with more than 120 destinations in Europe and about 50 in the Americas.

Feb 2, 2022

"Zero Sum budget": Rahul Gandhi; Tweets tweaking 0 [Details]

"M0di G0vernment's Zer0 Sum Budget!" In his tweet, Rahul Gandhi deliberately put the figure 'zero' instead of the letter 'O', criticising the Budget in totality

Feb 1, 2022

Cryptocurrency future comes under scanner, attracts 30% tax

Hitting hard private cryptocurrency exchanges and apps, the government announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.

Feb 1, 2022

Budget disappointing, directionless, useless and without purpose: KCR

Calling it a 'Golmaal Budget', the TRS leader said it did not project the facts. Telangana Chief Minister K. Chandrasekhar Rao on Tuesday termed the Union Budget as highly disappointing, directionless, useless, and purposeless.

Feb 1, 2022

What's missing in Budget? Income support, lower tax burden and many more

The Union Budget 2022-23 continues to focus on boosting supply side over demand, with no mention of rural employment, ta sops, and the continued divide between the formal and informal economy.

Feb 1, 2022

After Microsoft's acquisition of Blizzard, Sony makes counter move, buys gaming firm Bungie for $3.6 bn

Japanese giant Sony is acquiring Bungie, the developer of Destiny and the original creator of the hugely popular Halo franchise, for $3.6 billion.

Feb 1, 2022

Production-Linked Incentive scheme may generate 60 lakh jobs in next 5 years: FM

The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh new job opportunities, said Finance Minister Nirmala Sitharaman.

Feb 1, 2022

Lord Ganesha on Budget day: The untold, unwritten custom of Finance Ministry

Every Finance Minister starts his/her Budget day with Ganesh puja at the corridors of the Finance Ministry of the North Block, offering flowers to the lord, before heading to the Parliament for budget presentation as the Budget day is the most important day for any Finance Minister which evaluates his/her performance.

Feb 1, 2022

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Business news

IndiGo ends streak of quarterly losses; posts Rs 130 crore net profit in Q3 [details inside]

Sensex to reach 100,000-mark in five years, by FY27: Jefferies Analyst

Sensex, Nifty remain flat as global cues turn negative for tech stocks

Facebook stocks crash, $230 billion wiped out from market; Zuckerberg behind Mukesh Ambani and Gautam Adani now

CCI imposes Rs 1,786 Cr fine on tyre firms Apollo, CEAT, MRF, JK and Birla, here's why

Sensex slips 300 pts on profit booking after budget

For the first time, Facebook loses daily users, ad growth declines, share price plunges by 20%

IndiGo adds 250 new int'l destinations with Air France, KLM partnership [details]

"Zero Sum budget": Rahul Gandhi; Tweets tweaking 0 [Details]

Cryptocurrency future comes under scanner, attracts 30% tax

Budget disappointing, directionless, useless and without purpose: KCR

What's missing in Budget? Income support, lower tax burden and many more

After Microsoft's acquisition of Blizzard, Sony makes counter move, buys gaming firm Bungie for $3.6 bn

Production-Linked Incentive scheme may generate 60 lakh jobs in next 5 years: FM

Lord Ganesha on Budget day: The untold, unwritten custom of Finance Ministry

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]