Business news

Shapoorji Pallonji to sell assets to clear off Rs 4000 Cr debt

The 154-year old group witnessed a massive downgrade of its flagship firm Shapoorji Pallonji & Co. due to the slowdown in the core sector.

Aug 24, 2019

Parle row: No job losses yet, company senior category head Mayank Shah clarifies

Mayank Shah stated that job cuts are only an eventuality that Parle may look at if the current economic slowdown continues.

Aug 23, 2019

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Nifty, Sensex rebound after report of likely FPI tax rollback

Indian shares rebounded from a sharp fall on Friday, following a media report that the government could soon announce a rollback of higher taxes for foreign portfolio investors (FPIs).

Aug 23, 2019

Here's why Huawei's motive to launch its HarmonyOS might fail

Huawei has announced to hit the market with its independent operating system named Harmony. Though an independent and upgraded platform, the OS might struggle, to beat the dominating Android market.

Aug 22, 2019

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Walmart and Tata group revive talks on strategic partnership in India

Walmart's association with Tata is aimed at the US behemoth leveraging Tata's existing distribution network to expand its outreach to Kirana stores.

Aug 22, 2019

Amazon opens its largest campus globally in e-commerce push

The Seattle-headquartered company is making an ambitious push in India, the last major retail frontier still primarily reliant on a small-scale neighbourhood and mom-and-pop stores.

Aug 21, 2019

Vedanta stares at liquidation of mining business in Zambia

Vedanta has taken the matter to arbitration and made efforts to halt the liquidation process.

Aug 21, 2019

Report of massive financial fraud drags CG Power; MCA launches probe

The shares of the company fell 20 percent on Tuesday following news about the financial fraud.

Aug 21, 2019

India's largest cookie-maker Parle may cut up to 10,000 jobs amid economic slowdown

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people.

Aug 21, 2019

State Bank of India moots plan to abolish debit cards

The bank has already rolled 68,000 'YONO cashpoints' and under the process of adding further 1 million cashpoints in next one and a half years.

Aug 21, 2019

Vodafone Idea names Ravinder Takkar as CEO after Balesh Sharma steps down

Sharma waTakkar has been a part of Vodafone Group since 1994 and was the CEO of Vodafone Romania for three years.

Aug 20, 2019

Can India top Vietnam in mobile phone exports to US as China trade war worsens?

NITI Aayog panel will firm up a strategy to lure Vietnam-bound mobile phone makers leaving China fearing US sanctions into setting up factories in India

Aug 20, 2019

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Huawei to unveil its own mapping platform, should Google fear MapKit?

Huawei is all set to launch its own mapping platform, which competes directly with Google Maps and Apple Maps to bring out accurate mapping technology. It will be using modern tech enhancement like AR mapping.

Aug 19, 2019