Business news

Gold outlook brightens on dull dollar after Fed outlook spooks markets

Havens investments like gold and palladium set new highs as investors desert dollar over prolonged US shutdown and interest rate freeze.

Jan 8, 2019

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AirAsia India offers flight tickets from Rs 999 in annual sale; all you need to know

The sale began on January 7 and will go on till January 20. A statement by AirAsia said that tickets booked within this window are for trips between January 21 till July end.

Jan 8, 2019

IBM earns record patents in 2018, India 2nd highest contributor

One of the patents filed from India went to IBM inventors Shivali Agarwal, Gaargi B Dasgupta, Shripad J Nadgowda and Tapan K Nayak.

Jan 8, 2019

RBI's economic capital framework faces a crude shock

India's dependence on imports for meeting 80% of the oil demand makes it susceptible to oil shocks, a central bank study says.

Jan 8, 2019

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Sensex opens on a choppy note; Nifty tests 10,750

After two sessions of gains, investors cashed profits in banking, auto and power shares that dragged down key indices.

Jan 8, 2019

Under new management, RBI to pay Rs 40,000 crore dividend to government

Payouts to the governments was one of the key issues that roiled the relationship between former RBI governor Urjit Patel and the finance ministry.

Jan 7, 2019

Double setback for RCom, Anil Ambani in legal tangle with Ericsson

After Ericsson sought arrest and detention of Ambani,RCom said on Sunday the Swedish telecom gear maker was sensationalising the issue of dues recovery and setting off a media trial.

Jan 7, 2019

Earnings, GST decisions may roil markets this week

The US-China trade talks and crude prices may keep the global markets on edge squeezing domestic traders' risk appetite.

Jan 7, 2019

Sensex builds on gains, rises 288 pts; Nifty claims 10,800 mark

Traders said the domestic equities mirrored a firm trend at other Asian bourses, while market sentiments were also lifted by US-China trade talks.

Jan 7, 2019

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Q3 results, macro-data to determine indices' trajectory

Market observers opined that other global cues such as crude oil prices, combined with the direction of foreign fund flows and the rupee's movement against the US dollar, will also have a bearing on the risk-taking appetite of investors.

Jan 6, 2019

No plan to ban Huawei devices in India, big relief to brand facing block in the west

Huawei is facing a ban in the US, Australia, New Zealand and Canada over security concerns, and the company has recently also made news for the arrest of its chief financial officer in Canada.

Jan 5, 2019

Reliance Jio price wars: Airtel, Vodafone continue to bleed cash and customers

Top two players, Vodafone Idea and Bharti Airtel, suffer erosion of market share and profitability as aggressive Reliance Jio presses ahead

Jan 4, 2019

Lifeline for HAL? Cash-strapped PSU to make weaponised Tejas fighters for IAF

The Bengaluru-headquartered public sector behemoth has been reeling under a double whammy of depleting order book and chronic delays in the deployment of budgetary allocations.

Jan 4, 2019

Ericsson seeks arrest and detention of Anil Ambani over Rs 550 crore dues

In early October, Reliance Communications had sought 60 more days for repayment of Rs 550 crore to Ericsson.

Jan 4, 2019

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Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Jan 4, 2019