Business news

UAE banks are coming hard at Indian defaulters to recover Rs 50,000 crore debt

Indian loan defaulters who defrauded UAE banks won't find be able to find sanctuary in India.

Feb 8, 2020

Strand, cancer, Kiran Mazumdar-Shaw, health,

Huge pay gap in corporates: Wage gap between men and women CEOs doubles

The data also highlighted that the pay inequalities increase steeply with an increase in the work experience

Feb 8, 2020

Ayushman Bharat Scheme: Nirmala Sitharaman slashed budget to half; here's why

Finance Minister Nirmala Sitharaman in her budget speech significantly slashed the budget allocation for officially known as Pradhan Mantri Jan Aarogya Yojana (PMJAY) from Rs 6,400 crore to Rs 3,314 crore in the ongoing 2019-20 fiscal.

Feb 4, 2020

Budget 2020: What it means for the smartphone industry in India

Union Finance Minister Nirmala Sitharaman proposed a new scheme for promoting smartphone manufacturing in her Budget 2020 speech.

Feb 1, 2020

India Inc reaction on Budget 2020: Biocon chief Kiran Mazumdar-Shaw hails promise on ending tax harassment

Biocon Chairperson Kiran Mazumdar-Shaw on February 1 lauded Sitharaman for promising to end tax harassment of India Inc and correcting the Companies Act to decriminalise many non-compliances.

Feb 1, 2020

Budget 2020: Markets pin hopes on LTCG, DDT cut

Indian economy is witnessing a severe economic slowdown and requires concrete actions that include steps such as tax cuts in order to boost demand.

Jan 31, 2020

Here's what market is expecting from the Union Budget 2020

The Union Budget for the fiscal year 2020-21 will be presented by finance minister Sitharaman tomorrow at 11 am.

Jan 31, 2020

Who is Arvind Krishna, the new IBM CEO who replaced Ginni Rometty?

Former CEO of IBM Ginni Rometty has described him as the "right CEO for the next era at IBM" and "well-positioned" to lead the company into the cloud and cognitive era.

Jan 31, 2020

Infosys co-founder Narayana Murthy touches feet of Ratan Tata, Twitterati applauds

As the photos went viral, Twitterati have flooded the social media with their reactions.

Jan 31, 2020

Budget 2020: Fund allocation to PM Kisan scheme may be cut by 20%

As per government's plan, over 145 million beneficiaries were targeted but only 95 million farmers have been registered under the scheme of which 75 million have been verified through their Aadhaar.

Jan 30, 2020

What Banking service to be affected during 2-day strike from Jan 31?

Interestingly, the bank strike would coincide with the opening of the Budget session of the Parliament from January 31 when the Economic Survey would be published by the Ministry of Finance.

Jan 30, 2020

Here's why Swiggy and Zomato are registering a drop in orders

In the last few months, the online food delivery apps have drastically changed their pricing across the portfolios of services they are ordering.

Jan 27, 2020

Coronavirus updates: Indian shares fall as China virus spreads, metals stocks slide

India's NSE Nifty 50 index was down 0.44% at 12,194.00 by 0420 GMT, while the S&P BSE Sensex was 0.43 lower at 41,32.75.

Jan 27, 2020

The Air India plane flying the inaugural trip from Lucknow,

Bid adieu to Maharajah: Govt invites bids for 100% divestment of Air India

An initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018.

Jan 27, 2020

Warning: Bank unions could go on indefinite strike from April 1

Indian bank unions have called for multiple nationwide bank strikes to protest wages among other things. Here's what customers should be prepared for.

Jan 24, 2020