Business news

Auto sales continue to decline in August

Tata Motors reported a 49 percent slump in its domestic sales on a year-on-year (YoY) basis at 29,140 units.

Sep 2, 2019

Apple plans to increase its footprints in India, to open 2-3 offline stores

The decision by Apple to increase its presence in India has been taken amid global smartphone manufacturers reiterating their commitment to the Indian market.

Sep 1, 2019

Maruti Suzuki sales fall 33% in August

The company sold a total of 1,06,413 units, including exports, last month, compared to 1,58,189 vehicles in August 2018.

Sep 1, 2019

Watch: K.T. Rama Rao's 'Make in India' pitch to OnePlus leaders uses Hyderabadi biryani, dosa as incentive

K.T. Rama Rao, during OnePlus R&D inauguration ceremony, appealed Pete Lau to invest in Hyderabad and make the city their base for future ventures, including manufacturing.

Aug 31, 2019

Truce on cards: Online food delivery apps to consider NRAI demands

Restaurants have been protesting against deep discounts provided by online food apps. They have argued that the model on which these apps are running is hurting their business and unsustainable in the long term.

Aug 30, 2019

India to woo foreign firms like Apple to capitalise on US-China trade war

Several Indian officials met on Aug. 14 and discussed a list of "target companies".

Aug 30, 2019

Hardeep Singh Puri, Union Civil Aviation Minster

Air India sale: Hardeep Singh Puri makes it clear govt will privatise 'Maharajah'

Union Civil aviation Minister Hardeep Singh Puri said that the government should not be in the business of running the airline and it should be rather left to the private sector.

Aug 30, 2019

Zerodha traders lose heavily on F&O expiry day due to technical snag

This is not the first time Zerodha customers are facing such technical issues. On February 27, several traders using it faced technical issues while using Kite platform.

Aug 29, 2019

UAE property developer Sobha plans initial public offering

Sobha is targeting annual sales of 2,000 housing units in Dubai that will result in revenue of 2.5 billion dirhams and profit of about 400 million dirhams by 2022, Menon said.

Aug 29, 2019

NRI billionaire's Gulf retail giant Lulu plans to invest $500 million in Egypt

Under the new deals, four projects will be built by the Urban Communities Authority within 12 months.

Aug 29, 2019

Big changes for personal income tax rates in offing? Tax panel submits report

People earning between Rs 5 lakh and Rs 10 lakh per year may have to pay 10 per cent income tax.

Aug 29, 2019

Big FDI reforms: From coal mining to digital media

The existing FDI policy provides for 100 per cent FDI under automatic route in the manufacturing sector but there was no specific provision for contractual manufacturing.

Aug 29, 2019

Major shake-up in co-living space as Embassy Group plans to build 20,000 beds

Embassy group has an ambitious plan of growing more than 100,000 owned and operated beds in next five years

Aug 28, 2019

RBI payout gives Centre space to spend more: Experts

The Central Board of the Reserve Bank of India (RBI) on Monday decided to transfer a sum of Rs 1,76,051 crore to the government.

Aug 27, 2019

IndiGo promoters' differences threaten services

IndiGo AGM: Amendment of Articles of Association, re-appointment of M Damodaran in focus

The feud came to the fore in July when Bhatia wrote to Sebi seeking its intervention in addressing alleged corporate governance lapses in the company.

Aug 26, 2019