Business news

US blacklists 28 Chinese entities amid tense atmosphere; quick trade deal unlikely

The move by the US Commerce Department could deepen divisions between Washington and Beijing at a critical juncture in their 15-month trade war.

Oct 8, 2019

Major corporate lay-off: After Cognizant, HP India to fire 500 people in India

HP will fire 7,000-9,000 employees globally by 2022 as part of a restructuring of operations intended to cut costs

Oct 7, 2019

YES Bank seeks police probe over fake news; woos Microsoft for investment

Private lender YES Bank seeks multidisciplinary team to investigate the spread of alleged false news that has hit the bank's market cap; bank seeks strategic investment from Microsoft or one of the two other tech firms it is in talks with

Oct 7, 2019

HSBC to cut up to 10,000 jobs in drive to reduce costs: Report

HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month.

Oct 7, 2019

Will RBI cut rates further as market takes hit from fifth successive reduction?

Markets slumped on weak sentiment after RBI cut the repo rate by an expected 25 basis points to 5.15%; the central bank maintains accommodative guidance as it adjusts economic growth estimates for the full year to 6.1% from 6.9%.

Oct 5, 2019

Amazon, Flipkart vie for top festival season honours; both report record sales

Even while claiming higher sales than the rival during this festival season, both Flipkart and Amazon are thrilled that record orders from tier-3 cities helped them scale the biggest-ever festival sales during the six-day period that ended on Friday.

Oct 5, 2019

Another trouble at HAL as trade union calls for indefinite strike from October 14

HAL management has urged the wage revision seeking union to call off strike in the national interest.

Oct 5, 2019

PMC Bank scam: How Waryam Singh built his empire

Waryam Singh, who was close to two Union Cabinet Ministers in the UPA-2 government, wielded enormous media power to enhance HDIL's business prospects.

Oct 5, 2019

IRCTC IPO set for bumper debut at Dalal Street, subscribed 112 times, most successful in 20 months

As per the National Stock Exchange data, the IPO got bids for 225.6 crore shares as against the total issue size of 2.02 crore shares.

Oct 4, 2019

RBI cuts repo rate by 25 bps to 5.15%; GDP growth for FY20 adjusted to 6.1%

The lending rates were reduced in a bid to reverse the consumption slowdown and shore-up growth.

Oct 4, 2019

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

The ED has filed a money laundering case in the Rs 4,355 crore PMC Bank fraud and also registered an ECIR, equivalent to FIR, against crisis-hit real estate firm HDIL and its promoters.

Oct 4, 2019

Softbank's technology investment fund plans hit by WeWork debacle

Major investors have yet to sign on, leaving a $38 billion pledge from publicly traded Softbank Group itself as the only large commitment.

Oct 4, 2019

Deep discounts by e-commerce players: Offline players demand similar deal

In its letter to Samsung, AIMRA argued that last year's festive season was worst ever in terms of sales for the offline mobile retail business and they have started to face the heat this year as well.

Oct 3, 2019

5G rollout: India may keep out Huawei as views converge after Modi-Trump talks

A few days after Prime Minister Modi's meeting with President Trump, a closed-door meeting of top officials of both countries narrows differences on contentious issues including Huawei role in 5G technology rollout.

Oct 3, 2019

US widens trade war; slaps 25 percent tariffs on European goods, 10 percent on Airbus

But no tariffs will be imposed on EU-made aircraft parts used in Airbus' Alabama assembly operations or those used by rival US planemaker Boeing Co, safeguarding US manufacturing jobs.

Oct 3, 2019

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Business news

US blacklists 28 Chinese entities amid tense atmosphere; quick trade deal unlikely

Major corporate lay-off: After Cognizant, HP India to fire 500 people in India

YES Bank seeks police probe over fake news; woos Microsoft for investment

HSBC to cut up to 10,000 jobs in drive to reduce costs: Report

Will RBI cut rates further as market takes hit from fifth successive reduction?

Amazon, Flipkart vie for top festival season honours; both report record sales

Another trouble at HAL as trade union calls for indefinite strike from October 14

PMC Bank scam: How Waryam Singh built his empire

IRCTC IPO set for bumper debut at Dalal Street, subscribed 112 times, most successful in 20 months

RBI cuts repo rate by 25 bps to 5.15%; GDP growth for FY20 adjusted to 6.1%

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

Softbank's technology investment fund plans hit by WeWork debacle

Deep discounts by e-commerce players: Offline players demand similar deal

5G rollout: India may keep out Huawei as views converge after Modi-Trump talks

US widens trade war; slaps 25 percent tariffs on European goods, 10 percent on Airbus

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]