Business news

More than 5 lakh jobs expected to be lost due to slump in real estate industry

Several projects are stuck across the country and buyers are waiting for new developers to take interest and complete them.

Oct 13, 2019

IndiGo promoters' differences threaten services

Passenger traffic expected to grow in 2019, says Director General of DGCA

Arun Kumar said induction of aircraft in domestic airlines in the fourth quarter of 2019 would ease fares and usher in passenger traffic growth.

Oct 13, 2019

Raghuram Rajan's take on how worrying the economic situation is as growth slows

Former RBI governor Raghuram Rajan says that uncertainty over economic vision is causing deep distress in the economy whose growth forecast has been slashed multiple times this fisc.

Oct 12, 2019

Backlash over Reliance Jio's decision to charge voice calls

Will Reliance Jio's 30-minute offer of free talk time calm upset customers?

Reliance Jio announced new scheme two days after its decision to charge 6 paise per minute on interconnect calls following huge customer backlash; social media posts remind Mukesh Ambani of his promise to never charge voice calls and #BoycottJio and #ILoveJio hashtags trend on Twitter.

Oct 12, 2019

India may restrict imports of palm oil, other goods from Malaysia after Kashmir comment

India's government was angered after Malaysian Prime Minister Mahathir Mohamad said last month at the United Nations that India had "invaded and occupied" Jammu and Kashmir.

Oct 12, 2019

Fuel price set to spike as tension rises after Iran oil tanker hit in Red Sea

Iran suspects Saudi rocket attacks behind the fire that breaks out on the tanker laden with one million barrels of oil in the Red Sea off Jeddah; reports suggest the attack was in retaliation to Yemeni Houthi's drone strikes on Saudi Aramco oil installations.

Oct 11, 2019

Is Jio's new charge on inter-network calls bid to kill two birds with one stone?

With the new 6-paise charge on inter-network calls Reliance Jio may be eyeing increased profitability and higher market valuation.

Oct 11, 2019

The Air India plane flying the inaugural trip from Lucknow,

Pay dues or will cut fuel supply by Oct 18: Oil companies warn Air India

The oil marketing companies had earlier said in August that the national carrier owed Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months.

Oct 11, 2019

Petrol, diesel prices continue downward trend

According to the Indian Oil website, petrol rates in Delhi, Kolkata, Mumbai and Chennai are: Rs 73.42/litre, Rs 76.07/litre, Rs 79.03/litre and Rs 76.25/litre respectively.

Oct 11, 2019

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This Diwali, offline stores to offer similar discount as online stores

Due to tepid growth in the economy, lack of new jobs and poor consumer sentiment in urban and rural India over the past three quarters, consumer goods manufacturers and retailers are showing caution this year's festive season.

Oct 10, 2019

End of free calls? Reliance Jio starts charging 6p/min for calling other operators

Now with the new condition, all Jio users wanting to call on Vodafone Idea and Airtel networks will have to buy additional top-up vouchers of Rs 10, Rs 20, Rs 50 and Rs 100

Oct 10, 2019

Lakshmi Vilas Bank put under prompt corrective action framework

RBI pulls plug on Lakshmi Vilas Bank merger bid with Indiabulls Housing Finance

Lakshmi Vilas Bank placed under regulatory restrictions over high leverage last month will have to explore other ways to raise capital; IndiaBulls may turn to share buyback.

Oct 10, 2019

Asia-Pacific 2019 growth to slow to 5.8% on trade tensions: World Bank

Economic growth in the region is forecast to slip to 5.8% in 2019 from 6.3% in 2018.

Oct 10, 2019

Sensex, Nifty retreat as banks fall; Indiabulls dips 9%, Airtel top gainer

The broader NSE Nifty was down 0.35 per cent at 11,273.60 by 0437 GMT, while the benchmark BSE Sensex was weaker by 0.31 per cent at 38,060.12.

Oct 10, 2019

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Railways made Rs 35,073 crore in 10 years by just selling scrap

The Indian Railways said it earned a maximum profit of Rs 4,409 crore by selling scrap in 2011-12. The lowest income of Rs 2,718 crore was in 2016-17.

Oct 10, 2019