Business news

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

The Air India plane flying the inaugural trip from Lucknow,

Government agrees to repay half of Air India's debt to attract buyers

The Centre may go for the complete exit from Air India along with cutting down working capital and allowing future owners to fire employees a year after divestment.

Oct 18, 2019

How will the Brexit deal affect large Indian corporate investors in the UK?

Tata Group is happy that the Brexit deal removes some uncertainty while many others are yet to decide and remain tight-lipped as they assess the situation

Oct 18, 2019

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day.

Oct 18, 2019

DHFL reports $29 million loss in June quarter; company under financial stress

One of India's biggest housing finance companies, DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees.

Oct 18, 2019

Adani Group, 3 multinational firms plan $4 billion petrochemical complex in Gujarat

The collaboration includes evaluating a joint world-scale propane dehydrogenation (PDH) plant to produce propylene-based on propane feedstock to be supplied by Adnoc.

Oct 18, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Permission to retrench staff may clinch deal in second bid

The Modi government may get second time lucky with the offer made sweeter with 100% stake sale and permission to retrench staff under voluntary retirement scheme norms

Oct 17, 2019

Social media scare prompts HDFC Bank to clarify on deposit insurance programme

Photograph of a passbook page affirming that deposits are insured for up to Rs 1 lakh as per a 2017 RBI circular circulated on social media causing panic amid continuing stress in India's banking sector.

Oct 17, 2019

Market today: Sensex rises over 100 points, Nifty nears 11,480

The broader NSE Nifty traded 6 points higher at 11,470.05, while the benchmark BSE Sensex opened at 38,647.44, higher from its previous close of 38,598.99.

Oct 17, 2019

PMC bank scam: Depositors demand Rs 5000 crore bailout from PM Modi

The development has come against the backdrop of third depositor dying within 24 hours.

Oct 17, 2019

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Uber sacks 350 employees globally, less than 10% based in India

As the company faces stiff competition from home-grown ride-hailing service Ola, it is injecting huge investment, making cost-cutting a target.

Oct 17, 2019

Amazon's consumer business fully sheds Oracle, moves on AWS

AWS CEO Andy Jassy in November said that Amazon will take off all its workloads from Oracle databases by the end of 2019 and put those on its own database offerings.

Oct 17, 2019

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Saudi Aramco expected to give green light to its blockbuster IPO soon

The share offer is the centrepiece of the Kingdom's Vision 2030 strategy that aims at revamping its economy through diversification under the leadership of Crown Prince Mohammed bin Salman.

Oct 16, 2019

Can India defy US pressure and continue trade ties with Venezuela, Russia?

Finance Minister Sitharaman says India cannot sacrifice 'economic strength' and strategic interests to comply with US sanctions.

Oct 16, 2019

India's Nayara supplying fuel to Rosneft in exchange for Venezuelan oil: Report

The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units.

Oct 16, 2019

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Business news

Can India tide over economic crisis that may be worse than the 2008 recession?

Government agrees to repay half of Air India's debt to attract buyers

How will the Brexit deal affect large Indian corporate investors in the UK?

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

DHFL reports $29 million loss in June quarter; company under financial stress

Adani Group, 3 multinational firms plan $4 billion petrochemical complex in Gujarat

Air India divestment: Permission to retrench staff may clinch deal in second bid

Social media scare prompts HDFC Bank to clarify on deposit insurance programme

Market today: Sensex rises over 100 points, Nifty nears 11,480

PMC bank scam: Depositors demand Rs 5000 crore bailout from PM Modi

Uber sacks 350 employees globally, less than 10% based in India

Amazon's consumer business fully sheds Oracle, moves on AWS

Saudi Aramco expected to give green light to its blockbuster IPO soon

Can India defy US pressure and continue trade ties with Venezuela, Russia?

India's Nayara supplying fuel to Rosneft in exchange for Venezuelan oil: Report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]