Business news

Production facility is seen at Saudi Aramco's Shaybah oilfield

Oil prices rise as Saudi Arabia halts shipments through Red Sea lane after Houthi attack

The Bab al-Mandeb Strait, where the Red Sea meets the Gulf of Aden in the Arabian Sea, is only 20 km (12 miles) wide, making hundreds of ships potentially an easy target.

Jul 26, 2018

Korean and Chinese handset makers' takeover as Indian players fail to impress

Micromax had a 16 percent share of the Indian smartphone market in the final quarter of the financial year 2016. Its share substantially dropped to only five percent in final quarter of the financial year 2017.

Jul 25, 2018

HDFC AMC IPO subscribed 43% in first 3 hours

IPO received a positive response from the investors as 81,00,560 shares were subscribed against the issue size of 1,88,04,290 shares.

Jul 25, 2018

Ferrari Chairman and CEO Sergio Marchionne

Sergio Marchionne, the man behind Fiat Chrysler resurrection, dies at 66

Sergio Marchionne died after complications from a surgery conducted at Zurich's University Hospital. He was replaced as CEO of FCA on July 22 by Mike Manley.

Jul 25, 2018

Jio eyes foothold in entertainment industry

The telecom giant aims to set up its own production house to tap the lucrative web series market.

Jul 25, 2018

Maruti Suzuki recalls 566 new Swift, 713 new Dzire units over faulty airbag controller unit

The new Swift and Dzire units recalled are manufactured between May 7, 2018 and July 7, 2018. Maruti Suzuki will inspect and replace the faulty part for free of cost starting from July 25.

Jul 25, 2018

Bitcoin rises from two-month low to cross $8,000

Since collapsing in December 2017, the value of Bitcoin has slowly been on the rise, touching $8,000 for the first time this year. Analysts are bullish about its long-term prospects.

Jul 25, 2018

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Paytm May lose competitive advantage as industry war thickens

Intense lobbying by several American card firms has forced the RBI to soften its stance on local data storage of all Indian transactions, which Paytm has been pushing for.

Jul 25, 2018

Idea–Vodafone bows in front of DoT; pay up Rs 72 billion

The deal is expected to get a final approval from the DoT within next week. After many rounds of deliberations, the DoT was adamant on its demand of Rs 72 billion which was eventually paid by the two telcos

Jul 24, 2018

Reliance Jio effect: Indian telcos continue to register losses

In the last quarter of the fiscal year 2017-18, the revenue of two of India's largest telecom companies Bharti Airtel Ltd and Idea Cellular Ltd has declined. Bharti Airtel Ltd reported a loss in revenue of 3.7% while Idea Cellular Ltd witnessed a decline in revenue at 5.7%.

Jul 24, 2018

Dalal Street maven Rakesh Jhunjhunwala says Modi will win 2019 elections: Here's why

If the wisest are those who are wise with money, Prime Minister Narendra Modi can take heart. India's ace investor Rakesh Jhunjhunwala predicts Modi will come back to power in 2019.

Jul 24, 2018

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Surge in auto, cement stocks pushes Sensex to record high

Indian shares gained for the third straight session on Tuesday, with the benchmark BSE index hitting a record, as cement and auto stocks surged on hopes of improved results, while reports suggested a surge in exports to BRICS nations.

Jul 24, 2018

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Despite US sanctions, Iran becomes India's second largest oil supplier

Latest figures indicate that Iran toppled Saudi Arabia to become India's second largest oil supplier, with 5.67 million tonnes in the first three months. The country is preparing to wind down on Iranian imports after Trump reintroduced sanctions on the country.

Jul 24, 2018

Despite EU fine, Alphabet records $3.2 billion profit

Google's parent company beat all expectations with a profit of $3.2 billion for Q2 in 2018. CEO Sundar Pichai is hopeful of finding a solution to the Andriod problem that lead the EU to fine Google $5 billion.

Jul 24, 2018

Chinese boost for OYO Rooms? Tencent in talks to invest up to $500 mn

The investment would raise the Indian company's value to over $2 billion. Oyo needs the funds to expand further in China, its largest overseas market, where it has witnessed rapid growth since starting operations in November 2017.

Jul 24, 2018

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Business news

Oil prices rise as Saudi Arabia halts shipments through Red Sea lane after Houthi attack

Korean and Chinese handset makers' takeover as Indian players fail to impress

HDFC AMC IPO subscribed 43% in first 3 hours

Sergio Marchionne, the man behind Fiat Chrysler resurrection, dies at 66

Jio eyes foothold in entertainment industry

Maruti Suzuki recalls 566 new Swift, 713 new Dzire units over faulty airbag controller unit

Bitcoin rises from two-month low to cross $8,000

Paytm May lose competitive advantage as industry war thickens

Idea–Vodafone bows in front of DoT; pay up Rs 72 billion

Reliance Jio effect: Indian telcos continue to register losses

Dalal Street maven Rakesh Jhunjhunwala says Modi will win 2019 elections: Here's why

Surge in auto, cement stocks pushes Sensex to record high

Despite US sanctions, Iran becomes India's second largest oil supplier

Despite EU fine, Alphabet records $3.2 billion profit

Chinese boost for OYO Rooms? Tencent in talks to invest up to $500 mn

"It's looking funny": Parineeti Chopra kisses Raghav Chadha at mandap; couple groove under umbrella as they walk down aisle [reactions]

"Destroyed beautiful face, Thomas Shelby female version": Amy Jackson reacts after being massively trolled over new look, called "Cillian Murphy"

Dev Anand's 100th birth anniversary: Celebrating evergreen love and life of legendary actor [rare moments]