Business news

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Gold extends losses on weak global cues; silver recovers

Globally, gold fell 0.57 per cent to USD 1,194 an ounce and silver by 1.25 per cent to USD 14.28 an ounce in Singapore.

Sep 4, 2018

$75 bilion outflow from markets imminent? Sebi rubbishes overseas investors' claim

Earlier in April this year, the SEBI had issued circular introducing the tighter KYC norms for the FPI investors.

Sep 4, 2018

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Indian airlines to incur losses up to $1.9 billion – report

India is one of the cheapest domestic airline markets in the world and promotions such as $50 one-way tickets on the two-hour flight from Mumbai to Delhi are easy to find.

Sep 4, 2018

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TCS likely to bag $3.5 billion contract from Britain's Rail Network: Reports

Tata Consultancy Services (TCS) could be seen as a front-runner as it has a long relationship with Network Rail including its presence in Britain and across Europe

Sep 3, 2018

ICICI Bank board asks investigators to probe all deals by Chanda Kochhar and family

The whistleblowers claim that Chanda Kochhar was on the bank's credit committee and was aware of the issue that sanctioned proceeds of Rs 3,250 crore loan to the Videocon Group in 2012.

Sep 3, 2018

OYO likely to get backing from Chinese giant Didi Chuxing

OYO, the hospitality service and budget hotel network, was under the final stages of a new $800 million- $1 billion financing round, which will eventually split its India and China operations for the purpose of finance.

Sep 3, 2018

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Fuel price hike: Petrol rates hits all-time high of Rs 86.25 per litre in Mumbai

Officials said the spike in rates is on account of exchange rate falling to a record Rs 71 to a dollar, depreciating by Rs 2.5 in a month. Also, crude oil has gained $7 a barrel in a fortnight, driven by fears that the US sanctions on Iran will likely contract supplies.

Sep 3, 2018

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Mehul Choksi is at present based in the Caribbean nation of Antigua and India has sought his extradition from that country.

Sep 2, 2018

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Airtel to lose position as top telecom firm in India after 15 years; what is its future?

Vodafone-Idea will soon be the biggest telecom company in India on the basis of subscribers and revenue share.

Aug 31, 2018

Walmart has just one week to pay taxes from Flipkart deal: Income Tax Department

The estimated tax arising out of the deal is expected to be around $2 billion, which is more than 10 per cent of the transaction value.

Aug 31, 2018

Vodafone-Idea merger cleared: How will the new entity compete against Airtel, Jio in India's 4G war?

The new company will become the country's largest telecom operator with revenues of more than Rs 80,000 crore and more than 40 crore customers, subscriber market share of 35 per cent and revenue market share of 41 per cent.

Aug 31, 2018

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Production of onion, potato and tomato falls marginally in 2017-18: Agriculture ministry

The total area under horticulture crops is also up by 3.26 per cent at 25.66 million hectares (mha) from 24.85 mha in 2016-17

Aug 30, 2018

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Recently, Jet Airways had announced a net loss of whopping Rs. 1,323 crore for the quarter ended in June due to higher crude oil price, depreciating rupee and competitive fares.

Aug 29, 2018

Uber e-bikes: Shorter rides, more earnings

Dara Khosrowshahi, Uber CEO said that it is difficult plus time taking for cars to go inside the narrow streets of a city and that is where the demand for electric bikes occur.

Aug 29, 2018

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Toyota to team up with Uber to develop driverless car; invests $500m in taxi aggregator

Interestingly, the deal has valued Uber at $72 billion despite its mounting debts. The current valuation is up by 15 per cent since last investment in the month of May.

Aug 28, 2018

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Business news

Gold extends losses on weak global cues; silver recovers

$75 bilion outflow from markets imminent? Sebi rubbishes overseas investors' claim

Indian airlines to incur losses up to $1.9 billion – report

TCS likely to bag $3.5 billion contract from Britain's Rail Network: Reports

ICICI Bank board asks investigators to probe all deals by Chanda Kochhar and family

OYO likely to get backing from Chinese giant Didi Chuxing

Fuel price hike: Petrol rates hits all-time high of Rs 86.25 per litre in Mumbai

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Airtel to lose position as top telecom firm in India after 15 years; what is its future?

Walmart has just one week to pay taxes from Flipkart deal: Income Tax Department

Vodafone-Idea merger cleared: How will the new entity compete against Airtel, Jio in India's 4G war?

Production of onion, potato and tomato falls marginally in 2017-18: Agriculture ministry

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Uber e-bikes: Shorter rides, more earnings

Toyota to team up with Uber to develop driverless car; invests $500m in taxi aggregator

'Officer wasn't intimidated by Khan..': SRK stops for security check, shows passport before entering airport premise; fans react

'I wouldn't be slogging... ': Orry reveals he is not paid Rs 20-30 lakhs for taking selfies with celebs; says 'it was an exaggeration'

Koffee with Karan: Kajol calls Ajay Devgn "better half", herself "better looking half"; Rani Mukerji, Karan stumped