Business news

Carlyle to buy 25% of Bharti Airtel's data centre arm for $235 million

Carlyle will buy a 25 per cent stake in Indian telecom firm Bharti Airtel Ltd's data centre arm for $235 million, the US private equity group said on Wednesday, as it taps into the rapid growth of digital services in India.

Jul 1, 2020

US sends 'clear message' to China; designates Huawei, ZTE national security threats

In another major blow to China, US FCC has designated Huawei and ZTE as national security threats to cut off federal subsidies to carriers who wish to buy or maintain equipment from either company.

Jul 1, 2020

SEBI clarifies HDFC Bank raising Rs 13,000 crore via QIP, ADRs as baseless speculation

The clarification intimation is offered by SEBI under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015, by the HDFC Bank Limited.

Jun 30, 2020

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Indian shares rise on recovery hopes, Nifty set for best quarter in 11 years

Indian shares rose on Tuesday, June 30 with the benchmark index set for its best quarter since 2009, as upbeat U.S. and China data renewed economic recovery hopes, while investors awaited PM Modi's speech later in the day.

Jun 30, 2020

Oyo suspends fixed payout contracts with hotel partners; renegotiation on cards

As the Covid-19 induced prolonged nationwide lockdown impacts hospitality business revenues, Oyo comes up with a survival plan - to suspend existing contracts with more than 250 Townhouse property owners and renegotiate terms.

Jun 29, 2020

Gaurav Taneja vs AirAsia: YouTuber pilot's ordeal, DGCA's probe and everything happened so far

On June 14, whistleblower Gaurav Taneja tweeted about his suspension from services at AirAsia India after #BoycottAirAsiaIndia trends on Twitter for bringing the suppressed facts to light and "for standing up for safe operations of an aircraft and its passengers". He further wrote to DGCA about safety violations and Covid-19 guidelines not being followed by AirAsia. The probe is on by DGCA, details inside...

Jun 28, 2020

Pranav Panchbudhe - A Young Social Media Enthusiasm

Pranav is really happy in his life. He has set an example of following a passion and turning it into a successful profession.

Jun 26, 2020

Gold set for third straight weekly gain as virus cases soar

Gold prices edged higher on Friday and were headed for a third weekly gain on worries about rising coronavirus infections worldwide, although a firm dollar and a gain in equities blunted safe-haven demand.

Jun 26, 2020

Boycott of Chinese goods may not be feasible, Indian exporters say

A boycott of goods from China may not be feasible as India is dependent on such imports, although New Delhi should try to cut its dependence on them, India's top export promotion grouping said on Thursday, June 25.

Jun 25, 2020

Apple, other US goods from China held up at Indian ports

Apple, Cisco and Dell products are among the goods from US companies being caught up in India's border tensions with China, as Indian ports hold up imports from China.

Jun 25, 2020

Big win: Fair & Lovely to drop 'Fair' from its name, says Hindustan Unilever

The decision to rebrand Unilever's skin-lightening cream 'Fair and Lovely' comes as the company was criticised for promoting negative stereotypes related to darker skin tones.

Jun 25, 2020

Nifty, Sensex adrift as gains in defensives even out dour IMF outlook

Indian stocks swung between gains and losses on Thursday, June 25 after the International Monetary Fund slashed its growth outlook for the country and forecast a deeper global recession, with gains in consumer and pharma stocks offsetting losses.

Jun 25, 2020

Diesel price crosses ₹80-mark in Delhi for the first time, petrol at ₹79.92

Price of diesel has crossed Rs 80 mark for the first time in Delhi. On Thursday, June 25 the price of diesel in the city was reported to be Rs 80.02 a litre, up 14 paise, while that of petrol increased by 16 paise to Rs 79.92 a litre

Jun 25, 2020

Explained: Why Trump's H-1B visa freeze may not be entirely bad for India

The USCIS is tightening immigration laws in the wake of Covid-19 pandemic. While many analysts believe that Trump's proclamation shutting doors for skilled foreign workers will hurt profit margins of India's IT industry, there are few other thinkers who believe that it's an opportune time for India to shine bright.

Jun 25, 2020

Journey of a young entrepreneurial genius - Ashfaz Abdul Khader

Ashfaz healthcare venture - National Medical Centre in Dubai has emerged out as one of the most affordable dental and psychiatry clinics in Dubai catering top-notch services.

Jun 24, 2020