Business news

PMC Bank scam: How Waryam Singh built his empire

Waryam Singh, who was close to two Union Cabinet Ministers in the UPA-2 government, wielded enormous media power to enhance HDIL's business prospects.

Oct 5, 2019

IRCTC IPO set for bumper debut at Dalal Street, subscribed 112 times, most successful in 20 months

As per the National Stock Exchange data, the IPO got bids for 225.6 crore shares as against the total issue size of 2.02 crore shares.

Oct 4, 2019

RBI cuts repo rate by 25 bps to 5.15%; GDP growth for FY20 adjusted to 6.1%

The lending rates were reduced in a bid to reverse the consumption slowdown and shore-up growth.

Oct 4, 2019

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

The ED has filed a money laundering case in the Rs 4,355 crore PMC Bank fraud and also registered an ECIR, equivalent to FIR, against crisis-hit real estate firm HDIL and its promoters.

Oct 4, 2019

Softbank's technology investment fund plans hit by WeWork debacle

Major investors have yet to sign on, leaving a $38 billion pledge from publicly traded Softbank Group itself as the only large commitment.

Oct 4, 2019

Deep discounts by e-commerce players: Offline players demand similar deal

In its letter to Samsung, AIMRA argued that last year's festive season was worst ever in terms of sales for the offline mobile retail business and they have started to face the heat this year as well.

Oct 3, 2019

5G rollout: India may keep out Huawei as views converge after Modi-Trump talks

A few days after Prime Minister Modi's meeting with President Trump, a closed-door meeting of top officials of both countries narrows differences on contentious issues including Huawei role in 5G technology rollout.

Oct 3, 2019

US widens trade war; slaps 25 percent tariffs on European goods, 10 percent on Airbus

But no tariffs will be imposed on EU-made aircraft parts used in Airbus' Alabama assembly operations or those used by rival US planemaker Boeing Co, safeguarding US manufacturing jobs.

Oct 3, 2019

Will slugfest of Vodafone, Jio and Airtel over ring duration affect your calls?

Trai intervenes after bare-knuckle slugfest breaks out over mismatch of interconnect usage charges after Jio cuts ringer duration hitting Vodafone-Idea and Airtel revenues.

Oct 2, 2019

PMC bank created more than 21,000 fraudulent account to conceal loans

The complaint has accused the bank's Chairman, Waryam Singh, and its Managing Director Joy Thomas, along with other bank officials of criminal breach of trust, forgery and falsification of records.

Oct 2, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Markets today: Sensex jumps 250 points, Nifty above 11,000-mark in opening trade

The 30-share Sensex recovered by 0.65 percent at 38,917.39, and the Nifty by 0.60 percent at 11,543.75.

Oct 1, 2019

Signs of revival? FPI invests Rs 7,850 crore into stock market in September

The news has come as a major relief for the government as FPIs were net sellers in July and August.

Oct 1, 2019

Forever 21 files for bankruptcy as fast-fashion chain loses to e-commerce

The decision of closing around 350 stores worldwide, including 178 stores in its home market - the United States, comes after months of speculations.

Sep 30, 2019

Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown

Booming sales in tier-two and lower cities helped e-tailers such as Amazon and Flipkart achieve their biggest ever opening.

Sep 30, 2019

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Business news

PMC Bank scam: How Waryam Singh built his empire

IRCTC IPO set for bumper debut at Dalal Street, subscribed 112 times, most successful in 20 months

RBI cuts repo rate by 25 bps to 5.15%; GDP growth for FY20 adjusted to 6.1%

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

Softbank's technology investment fund plans hit by WeWork debacle

Deep discounts by e-commerce players: Offline players demand similar deal

5G rollout: India may keep out Huawei as views converge after Modi-Trump talks

US widens trade war; slaps 25 percent tariffs on European goods, 10 percent on Airbus

Will slugfest of Vodafone, Jio and Airtel over ring duration affect your calls?

PMC bank created more than 21,000 fraudulent account to conceal loans

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Markets today: Sensex jumps 250 points, Nifty above 11,000-mark in opening trade

Signs of revival? FPI invests Rs 7,850 crore into stock market in September

Forever 21 files for bankruptcy as fast-fashion chain loses to e-commerce

Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown

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]