Business news

FM Sitharaman pitches special plan for firms fleeing China

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

Finance Minister Sitharaman says a 'blueprint' to attract investment deserting China over trade tensions with the US will have importance beyond the current crisis.

Oct 20, 2019

India to beat US in global economic growth share by 2024; China to remain at top

India will be among 20 nations dominating global growth in 2024 in nominal terms, IMF data show.

Oct 20, 2019

Huawei in early talks with US firms to license 5G platform: Huawei executive

Vincent Pang, senior vice president and board director at the company said some firms had expressed interest in both a long-term deal or a one-off transfer.

Oct 20, 2019

FDA finds traces of Asbestos: Johnson & Johnson recalls 33,000 bottles of Baby Powder

J&J is voluntarily recalling the lot, #22318RB, which consists of 33,000 bottles and has urged the customers who bought the product not to use them.

Oct 19, 2019

ED raids premises of DHFL promoters in money laundering case

Mirchi died in 2013. The ED had on October 11 arrested two of his associates -- Haroon Yusuf and Ranjit Singh Bindra -- for felicitating a land deal worth Rs 200 crore.

Oct 19, 2019

How the Singh brothers stripped Religare bare of Rs 3,000 crore

Former Foris Health Care promoters, Malvinder Mohan Singh and Shivinder Mohan Singh, who were arrested for misappropriating funds of Religare Finvest, sought for interim bail as they want to settle the case with the complainant.

Oct 19, 2019

IMF praises India's corporate tax cut; calls it positive impact on economy

The funding body went on to say that while this has a positive impact, India should also consider the fiscal consolidation, address it and secure long-term stability of the fiscal conditions.

Oct 19, 2019

Amid sluggish growth in core business, Ola introduces self-drive car rentals in Bengaluru

Ola's entry into the self-driving business with its deep pocket may disrupt the market which is largely dominated by three players including Zoomcar, Drivezy, and Revv.

Oct 18, 2019

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

The Air India plane flying the inaugural trip from Lucknow,

Government agrees to repay half of Air India's debt to attract buyers

The Centre may go for the complete exit from Air India along with cutting down working capital and allowing future owners to fire employees a year after divestment.

Oct 18, 2019

How will the Brexit deal affect large Indian corporate investors in the UK?

Tata Group is happy that the Brexit deal removes some uncertainty while many others are yet to decide and remain tight-lipped as they assess the situation

Oct 18, 2019

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day.

Oct 18, 2019

DHFL reports $29 million loss in June quarter; company under financial stress

One of India's biggest housing finance companies, DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees.

Oct 18, 2019

Adani Group, 3 multinational firms plan $4 billion petrochemical complex in Gujarat

The collaboration includes evaluating a joint world-scale propane dehydrogenation (PDH) plant to produce propylene-based on propane feedstock to be supplied by Adnoc.

Oct 18, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Permission to retrench staff may clinch deal in second bid

The Modi government may get second time lucky with the offer made sweeter with 100% stake sale and permission to retrench staff under voluntary retirement scheme norms

Oct 17, 2019

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Business news

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

India to beat US in global economic growth share by 2024; China to remain at top

Huawei in early talks with US firms to license 5G platform: Huawei executive

FDA finds traces of Asbestos: Johnson & Johnson recalls 33,000 bottles of Baby Powder

ED raids premises of DHFL promoters in money laundering case

How the Singh brothers stripped Religare bare of Rs 3,000 crore

IMF praises India's corporate tax cut; calls it positive impact on economy

Amid sluggish growth in core business, Ola introduces self-drive car rentals in Bengaluru

Can India tide over economic crisis that may be worse than the 2008 recession?

Government agrees to repay half of Air India's debt to attract buyers

How will the Brexit deal affect large Indian corporate investors in the UK?

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

DHFL reports $29 million loss in June quarter; company under financial stress

Adani Group, 3 multinational firms plan $4 billion petrochemical complex in Gujarat

Air India divestment: Permission to retrench staff may clinch deal in second bid

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]