Business news

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Market outlook: Macro-data, crude oil prices to steer indices' movements

Market observers pointed out that global crude oil prices along with the expectations of a healthy third quarter (Q3) earning result season would also influence the market's movement.

Dec 29, 2019

Government blinks, may slash license fee for telecom operators

The reduction in license fee is expected to save to the three major telcos a combined amount of Rs 4,000-5,000 crore annually.

Dec 24, 2019

Asia's richest man Mukesh Ambani adds $16.5 billion to his fortune in 2019

Mukesh Ambani is the 12th richest person in the world, with around $61 billion of net worth as of Tuesday.

Dec 24, 2019

Nissan Motor executive officer and vice-COO Jun Seki

Nissan top executive Seki to resign in blow to turnaround plan

Jun Seki, Nissan's vice chief operating officer and a former contender for chief executive, said he was leaving to become the president of Nidec Corp.

Dec 24, 2019

Boeing CEO resigns amid 737 Max crisis: Leadership undergoes major shuffle

Boeing and its newly-appointed CEO are confident to bring back the controversial 737 Max to service.

Dec 23, 2019

Why is Centre preventing Reliance industries to sell stakes to Aramco

The government sought restriction on the deal citing the failure of the two companies to honour their payment under a $4.5-billion international arbitral award in the Panna-Mukta and Tapti (PMT) production-sharing contracts.

Dec 22, 2019

Here's why high spectrum pricing may affect India's march towards achieving 5G goal

Although the DCC's decision will need approval from the union cabinet, if the auction is conducted as per the current rates, there is a possibility that the telcos may not even participate.

Dec 22, 2019

Mass layoffs at Quikr: Why 2,000 employees were fired in less than 2 months?

It is possible that a massive scam led to the firing of around 2,000 employees, but Quikr denies any of it.

Dec 21, 2019

SBI customers must do this or they won't be able to withdraw money from ATMs

Here's an important update for all SBI customers in India, which requires immediate action. Here's everything you need to know.

Dec 19, 2019

Sensex ends 206 points higher, Tata Group stocks fall

Sensex closed 206.40 points higher at 41,558.57. The Nifty closed at 12,221.65, advancing by 56.65 points.

Dec 18, 2019

Tata-Mistry clash: NCLAT orders Tata Sons to reinstate Cyrus Mistry as chairman

National Company Law Appellate Tribunal terms appointment of N Chandrasekaran as executive chairman of Tata Sons illegal; gives four weeks' time

Dec 18, 2019

SIMI, PFI behind CAA violence: Intel reveals

Sources said that the report shared with Ministry last week said it is the "handiwork" of those who are against the government move.

Dec 16, 2019

Amid talks of Zomato-UberEats merger, Swiggy's losses jumps five times

Notably, the development has come amid its arch-rival Zomato is planning to buy UberEats for an unconfirmed amount up to $200 million

Dec 16, 2019

IL&FS group co defaults on Rs 3.37 crore interest payment

The crisis-hit IL&FS had incorporated IL&FS Transportation Networks in 2000, and the firm has more than 14,000 lane-kilometres in a portfolio of over 30 projects.

Dec 16, 2019