Business news

Louis Vuitton owner to buy Tiffany & Co for $16.2 billion, biggest acquisition of all time

Fashion and accessories brands including Christian Dior generate the bulk of earnings at LVMH, run by France's richest man, Bernard Arnault, though growth in jewellery has shone in recent years.

Nov 25, 2019

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How Swiggy turned novel idea into successful business model

Swiggy has spearheaded the cloud kitchen initiative towards success in a matter of just two years.

Nov 25, 2019

What growth woes? Sensex hits life-time high of 40,846, Nifty above 12,050

India is scheduled to release its Q2 GDP figures later this week which is widely expected to be below 5 per cent.

Nov 25, 2019

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Karvy stock broking scam: Here's all you need to know about Rs 2,000 crore fraud

An investigation by National Stock Exchange (NSE) showed that between April 2016 and October 2019, Karvy had transferred a net amount Rs 1,096 crores to its group firm Karvy Realty.

Nov 24, 2019

More than 500 hotels across 100 cities check-out of Oyo Rooms; here's why

The customers seem to have sandwiched between the tussle as they are complaining on the social media that hotels are accepting their bookings made on hotel aggregator Oyo's website when they tried checking-in.

Nov 23, 2019

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Soon, WhatsApp, Facebook and others could start tracing messages for Indian govt

Indian govt can demand message traceability from Facebook, WhatsApp, TikTok and others if the new IT rules come into effect.

Nov 22, 2019

What does future hold for DHFL after RBI supersedes board?

Adversely affected by country's non-banking financial corporation (NBFC) crisis, the DHFL's debt has significantly ballooned to Rs 88,000 crore.

Nov 22, 2019

Subash Chandra to cede control of Zee Entertainment after stake sale

The promoter stake in Zee Entertainment will be reduced to 5 per cent, which means that media baron Subhash Chandra will lose control of Zee Entertainment Enterprises Ltd.

Nov 21, 2019

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Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

FM Nirmala Sitharaman said that while the Centre will strategically disinvest BPCL, SCI and CONCOR, it will sell its entire stake in THDC India Ltd and NEEPCO to another state-run power major, NTPC.

Nov 21, 2019

Government grants telcos relief by deferring spectrum payments

SC had earlier said telecom operators must pay the pending amount of nearly $13 billion to the government within three months, putting leading operators Vodafone Idea and Bharti Airtel at risk.

Nov 21, 2019

Challenges faced by major airlines reflect in plane orders at Dubai Airshow

As the premier air show entered its fourth day, the overall order position is much lower than that of the previous edition two years ago.

Nov 20, 2019

Are Swiggy-Zomato merging amid reports of Amazon entering food delivery business?

The proposed merger could draw attention from the Competition Commission of India (CCI) as the merged entity would control the major part of the online food delivery business leading to monopoly.

Nov 20, 2019

Rs 31,000-crore Amazon, Flipkart festive sales draw traders' rage to e-commerce

Total sales of Rs 31,000 crore of Amazon and Flipkart were 14% off the target; expansion of e-tailers into new geographies in a slowing economy gripped by credit crunch has worried traders across the country.

Nov 19, 2019

Tata Steel plans to cut up to 3,000 jobs in Europe

Around two-thirds of the job losses are expected to be office-based roles.

Nov 19, 2019

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Airbus takes early lead with $30 billion orders at Dubai Airshow

The five-day-long biennial expo, running between November 17 and 21, is being conducted at a time when Boeing faces mounting problems in the wake of an eight-month-long grounding of its 737 MAX planes following two fatal crashes within a span of five months and a slowdown in global economic growth.

Nov 19, 2019

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