Business news

Big win: Fair & Lovely to drop 'Fair' from its name, says Hindustan Unilever

The decision to rebrand Unilever's skin-lightening cream 'Fair and Lovely' comes as the company was criticised for promoting negative stereotypes related to darker skin tones.

Jun 25, 2020

Nifty, Sensex adrift as gains in defensives even out dour IMF outlook

Indian stocks swung between gains and losses on Thursday, June 25 after the International Monetary Fund slashed its growth outlook for the country and forecast a deeper global recession, with gains in consumer and pharma stocks offsetting losses.

Jun 25, 2020

Diesel price crosses ₹80-mark in Delhi for the first time, petrol at ₹79.92

Price of diesel has crossed Rs 80 mark for the first time in Delhi. On Thursday, June 25 the price of diesel in the city was reported to be Rs 80.02 a litre, up 14 paise, while that of petrol increased by 16 paise to Rs 79.92 a litre

Jun 25, 2020

Explained: Why Trump's H-1B visa freeze may not be entirely bad for India

The USCIS is tightening immigration laws in the wake of Covid-19 pandemic. While many analysts believe that Trump's proclamation shutting doors for skilled foreign workers will hurt profit margins of India's IT industry, there are few other thinkers who believe that it's an opportune time for India to shine bright.

Jun 25, 2020

Journey of a young entrepreneurial genius - Ashfaz Abdul Khader

Ashfaz healthcare venture - National Medical Centre in Dubai has emerged out as one of the most affordable dental and psychiatry clinics in Dubai catering top-notch services.

Jun 24, 2020

At ₹79.88 per litre, diesel now costlier than petrol in Delhi after fresh hike

A litre of diesel in Delhi will cost Rs 79.88 while the price of petrol remains the same at Rs 79.76. The price of the former was hiked by 48 paise on the 18th successive day of fuel price revisions.

Jun 24, 2020

Digital Marketing Isn't a Short Walk, Says Indian Entrepreneur Shubham Ghatkar

He believes digital marketing has a lot more to offer in the coming decades and plays a significant role in leveraging the Indian economy as well.

Jun 23, 2020

Taiwan's Foxconn eyes further investment in India, sees bright outlook

Taiwan's Foxconn is planning further investment in India and may announce details in the next few months as the world's largest contract manufacturer views the outlook there very favourably, its chairman said on Tuesday, June 23.

Jun 23, 2020

Cipla to price remdesivir version for COVID-19 under Rs 5,000

Indian drugmaker Cipla Ltd will price its generic version of Gilead Sciences Inc's antiviral drug remdesivir for use in COVID-19 patients at less than 5,000 rupees ($66), the company said.

Jun 23, 2020

Trump freezes H1-B, J-1, L-1 visas: Who is affected | All questions answered

From H-1B to L-1 and J visas, the presidential proclamation issued by Donald Trump will affect certain work visa categories, which we have discussed in the article.

Jun 23, 2020

Sundar Pichai on Trump's H1-B visa ban order: Disappointed but will work to expand opportunity for all

Expressing disappointment with Trump's move to suspend H-1B visas, Sundar Pichai said that he will continue to stand with immigrants and work to expand opportunity for all.

Jun 23, 2020

Pharma powers Indian shares to three-month closing high

The NSE Nifty 50 index, which has recovered ground after taking a hit from worries about a violent border clash with China last week, ended up 0.65% at 10,311, its highest since March 11.

Jun 22, 2020

$2.1 billion go missing from Wirecard accounts; scandal-hit firm unable to locate funds

Wirecard CEO Markus Braun resigned on Friday after global market consulting firm EY said the cash, which makes up roughly a quarter of the company's assets, could not be located.

Jun 22, 2020

Indian Institute of Management - Ahemdabad

IIM Study proves stronger insolvency and bankruptcy framework likely to enhance credit discipline in firms

An IIM study by Prof Balagopal Gopalakrishnan and Prof Sanket Mohapatra using a cross-country dataset finds that a stronger insolvency and bankruptcy framework can enhance a firm's credit discipline and reduce the risk of future debt default.

Jun 22, 2020

Nokia to cut a third of jobs at French arm Alcatel-Lucent

Finland's Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit's workforce, the group said on Monday, confirming an earlier Reuters report.

Jun 22, 2020