Business news

Rakesh Jhunjhunwala loses Rs 200 crore as market plunges more than 700 points

Discouraging economic data, trade war and tepid growth have created a negative sentiment among the investors, leading to huge selling on Dalal Street on Tuesday.

Sep 4, 2019

IDBI bank gets fresh lifeline as cabinet approves ₹9257 crore infusion

Notably, the proposed money will be released as a part of the government's plan to recapitalise the national banks with a fund infusion of Rs 70,000 crore in the current financial year.

Sep 3, 2019

Nifty, Sensex slump 2% after dismal growth data

The broader NSE Nifty ended down 2.04% at 10,797.9, its biggest drop since July 8, while the benchmark BSE Sensex closed 2.06% lower at 36,562.91 in its worst day since October 11.

Sep 3, 2019

Saudi Arabia replaces Aramco chair with wealth fund chief ahead of IPO

The appointment of Al-Rumayyan, already an Aramco board member, comes as part of the Saudi authorities' preparations to sell shares in the world's biggest oil exporter.

Sep 3, 2019

Swiggy blinks, may cap its commission to 25% after meeting with restaurant owners' body

Last month, more than 300 restaurants in Gurugram de-registered themselves from online apps including Swiggy, Zomato and Easydiner

Sep 2, 2019

Auto sales continue to decline in August

Tata Motors reported a 49 percent slump in its domestic sales on a year-on-year (YoY) basis at 29,140 units.

Sep 2, 2019

Apple plans to increase its footprints in India, to open 2-3 offline stores

The decision by Apple to increase its presence in India has been taken amid global smartphone manufacturers reiterating their commitment to the Indian market.

Sep 1, 2019

Maruti Suzuki sales fall 33% in August

The company sold a total of 1,06,413 units, including exports, last month, compared to 1,58,189 vehicles in August 2018.

Sep 1, 2019

Play

Watch: K.T. Rama Rao's 'Make in India' pitch to OnePlus leaders uses Hyderabadi biryani, dosa as incentive

K.T. Rama Rao, during OnePlus R&D inauguration ceremony, appealed Pete Lau to invest in Hyderabad and make the city their base for future ventures, including manufacturing.

Aug 31, 2019

Truce on cards: Online food delivery apps to consider NRAI demands

Restaurants have been protesting against deep discounts provided by online food apps. They have argued that the model on which these apps are running is hurting their business and unsustainable in the long term.

Aug 30, 2019

India to woo foreign firms like Apple to capitalise on US-China trade war

Several Indian officials met on Aug. 14 and discussed a list of "target companies".

Aug 30, 2019

Hardeep Singh Puri, Union Civil Aviation Minster

Air India sale: Hardeep Singh Puri makes it clear govt will privatise 'Maharajah'

Union Civil aviation Minister Hardeep Singh Puri said that the government should not be in the business of running the airline and it should be rather left to the private sector.

Aug 30, 2019

Zerodha traders lose heavily on F&O expiry day due to technical snag

This is not the first time Zerodha customers are facing such technical issues. On February 27, several traders using it faced technical issues while using Kite platform.

Aug 29, 2019

UAE property developer Sobha plans initial public offering

Sobha is targeting annual sales of 2,000 housing units in Dubai that will result in revenue of 2.5 billion dirhams and profit of about 400 million dirhams by 2022, Menon said.

Aug 29, 2019

NRI billionaire's Gulf retail giant Lulu plans to invest $500 million in Egypt

Under the new deals, four projects will be built by the Urban Communities Authority within 12 months.

Aug 29, 2019

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Sukhoi-30 fighter aircraft of Indian Airforce

Here's why Thanjavur is chosen as IAF's first Sukhoi base in South India

16 minutes ago