Business news

Air India looks for Rs 1,500 crore short-term loan to stay afloat until divestment

Air India has put out a requirement for Rs 1,500 crore in short-term loans for working capital needs. Read to know how it is faring.

Oct 20, 2017

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RBI yet to issue instructions over 'mandatory' Aadhaar linking of bank accounts: RTI

If your bank has been threatening to suspend your bank account for not linking it with Aadhaar, here is what you need to know.

Oct 20, 2017

After gas fields tie-up, BP to join hands with Reliance to start petrol pumps in India

A year ago, the firm received an in-principle approval from the oil and petroleum ministry to roll out its petrol pump business in India.

Oct 19, 2017

Why are telecom stocks rallying even when financials are bleak?

Investors are bullish on telecom stocks such as Airtel and Idea as an incoming oligopolistic market structure will push up revenues and earnings in the long term.

Oct 19, 2017

Vedanta's Anil Agarwal to set up Rs 6,500 crore fund for startups in commodity sector

Once the venture is been set up, this will the first natural resources-focused venture fund established by an Indian industrialist.

Oct 19, 2017

As Diwali drives online sales, e-commerce firms fail to deliver orders in time

Despite deploying temporary recruits, giant e-commerce companies fail to address long delivery delays.

Oct 18, 2017

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US MegaBots beat Japan in worlds first-ever giant robot showdown

The much-awaited worlds first-ever giant robot duel was finally streamed online on 17 October. Team USA toppled Japan in the battle that saw the 16ft-tall Eagle Prime by the U.S.-based robotics company MegaBots taking on Japans Suidobashis 13ft-tall Kuratas robot.

Oct 18, 2017

BankBazaar secures Rs 195 crore in Series D funding led by Experian

This recent round of financing brings BankBazaar's total funding amount to Rs 715 crore ($110 million).

Oct 18, 2017

MAS Financial Services Shares trading at 44% premium on listing day

The NBFC's Rs 460 crore initial public offer (IPO) had received an overwhelming response from investors as it was oversubscribed 128.39 times.

Oct 18, 2017

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Airtel to phase out 3G in two years: VoLTE coming soon

Gopal Vittal, chief executive and managing director of Airtel said that the company plans to launch its own VoLTE (a 4G voice network) service by March 2018

Oct 18, 2017

Axis Bank posts disappointing Q2 result; asset quality worsens

Axis Bank's non-performing assets (NPAs) have been rising for the last nine quarters.

Oct 17, 2017

Reliance, BP line up Rs 9,750 crore fund to develop six satellite gas fields

RIL and BP plan to develop four deep sea satellite gas finds in the Krishna Godavari basin.

Oct 17, 2017

Festive season boosts temporary recruitment amid lacklustre economic growth

While the salaries for temporary profiles are unchanged, the demand has however shot up.

Oct 17, 2017

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Dhanteras 2017: Jewellers trying to woo customers back with heavy discounts on gold

Gold is trading at Rs 29,550 level, which is about Rs 1,000 lower than the recent high. Market analysts bet on more correction in coming future which gives investors a good opportunity to invest in gold.

Oct 17, 2017