Business news

Sundar Pichai on Trump's H1-B visa ban order: Disappointed but will work to expand opportunity for all

Expressing disappointment with Trump's move to suspend H-1B visas, Sundar Pichai said that he will continue to stand with immigrants and work to expand opportunity for all.

Jun 23, 2020

Pharma powers Indian shares to three-month closing high

The NSE Nifty 50 index, which has recovered ground after taking a hit from worries about a violent border clash with China last week, ended up 0.65% at 10,311, its highest since March 11.

Jun 22, 2020

$2.1 billion go missing from Wirecard accounts; scandal-hit firm unable to locate funds

Wirecard CEO Markus Braun resigned on Friday after global market consulting firm EY said the cash, which makes up roughly a quarter of the company's assets, could not be located.

Jun 22, 2020

Indian Institute of Management - Ahemdabad

IIM Study proves stronger insolvency and bankruptcy framework likely to enhance credit discipline in firms

An IIM study by Prof Balagopal Gopalakrishnan and Prof Sanket Mohapatra using a cross-country dataset finds that a stronger insolvency and bankruptcy framework can enhance a firm's credit discipline and reduce the risk of future debt default.

Jun 22, 2020

Nokia to cut a third of jobs at French arm Alcatel-Lucent

Finland's Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit's workforce, the group said on Monday, confirming an earlier Reuters report.

Jun 22, 2020

It's not about winning, it's about taking apart: the 60 000 NMX tokens giveaway

Leo - a home for innovation, with a diverse portfolio of products that adopt many different aspects of blockchain technology without compromising on quality.

Jun 22, 2020

Paytm ropes in Anubhav Sharma, NCPI's UPI head amid rising competition from Google Pay, PhonePe

Anubhav Sharma, who was heading the Unified Payments Interface and Immediate Payment Service at the National Payments Corporations of India, has joined Paytm. However, his exact role at Paytm Payments Bank is yet to be ascertained.

Jun 22, 2020

Gold hits one-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday, June 22 as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery.

Jun 22, 2020

PepsiCo China food processing factory halted after COVID-19 infection found

A senior official for the Beijing disease control authority, Pang Xinghuo, told the same news conference that eight people at the Daxing plant had tested positive.

Jun 21, 2020

How COVID-19 pandemic is going to change home designs forever

Real estate sectors are one of the worst-hit by the COVID-19 pandemic, and developers are trying to find the ground and one way to do so is by adopting new home designs.

Jun 20, 2020

Anuj Puri shares important tip on house-buying

Is it safe to buy or invest in residential property in India; top real-estate expert clarifies

Anarock Property Consultants chairman Anuj Puri answers a million-dollar-question on whether to invest in a residential property or not in the current times of coronavirus pandemic. Read on to find out.

Jun 20, 2020

Fuel prices continue to rise for 14th Day; Petrol up by Rs 0.51, diesel by Rs 0.61

Petrol and diesel prices continued to rise through the fortnight with the two auto fuels getting dearer by 51 and 61 paise per litre respectively on Saturday, June 20.

Jun 20, 2020

How Mukesh Ambani made Reliance Industries debt-free well ahead of its target

In less than 2 months, the company managed to secure investments around 1.6 lakh crore through 11 investors and the Right issue.

Jun 19, 2020

'Reliance now net debt-free, fulfilled my promise before schedule': Chairman Mukesh Ambani

Investments by global tech investors and a 'Rights Issue' has made Reliance Industries Ltd (RIL) a net debt-free company. Accordingly, RIL has raised over Rs 168,818 crore in just 58 days. The company's net-debt was Rs 161,035 crore, as on March 31, 2020.

Jun 19, 2020

Backlash over Reliance Jio's decision to charge voice calls

Reliance says Saudi's PIF to invest Rs 11,367 crore in Jio

Saudi Arabia's Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries' digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday, June 18.

Jun 18, 2020

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Business news

Sundar Pichai on Trump's H1-B visa ban order: Disappointed but will work to expand opportunity for all

Pharma powers Indian shares to three-month closing high

$2.1 billion go missing from Wirecard accounts; scandal-hit firm unable to locate funds

IIM Study proves stronger insolvency and bankruptcy framework likely to enhance credit discipline in firms

Nokia to cut a third of jobs at French arm Alcatel-Lucent

It's not about winning, it's about taking apart: the 60 000 NMX tokens giveaway

Paytm ropes in Anubhav Sharma, NCPI's UPI head amid rising competition from Google Pay, PhonePe

Gold hits one-month peak as rising virus fears boost demand

PepsiCo China food processing factory halted after COVID-19 infection found

How COVID-19 pandemic is going to change home designs forever

Is it safe to buy or invest in residential property in India; top real-estate expert clarifies

Fuel prices continue to rise for 14th Day; Petrol up by Rs 0.51, diesel by Rs 0.61

How Mukesh Ambani made Reliance Industries debt-free well ahead of its target

'Reliance now net debt-free, fulfilled my promise before schedule': Chairman Mukesh Ambani

Reliance says Saudi's PIF to invest Rs 11,367 crore in Jio

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]