Business news

Zomato announces better parental leave benefits to all staff including men, non-birth parents and LGBTs

Zomato lays off 70-100 Gurugram employees to cut costs

The company cited redundancies in the department as the reason for the lay-offs.

Aug 9, 2019

Auto sector skids downhill as economy hits bump; Maruti cuts production again

Automakers call for major incentives as top carmaker Maruti reduces production by 25 percent for the sixth consecutive month in July

Aug 8, 2019

US-China trade war could trigger prolonged global recession this year

Is global economy slipping into a recession? Key indicators paint glum picture

Almost all main economic and industrial indicators that provide a reliable guide to the business cycle confirm the economy has already slowed severely.

Aug 8, 2019

J&K developments: Trade ban will hurt Pakistani traders more than Indians

Imran Khan's decision to cut off trade ties with India over Jammu and Kashmir developments will harm Pakistani traders who enjoyed the most favoured nation status with India until recently while Indians will be hit to a lesser extent.

Aug 8, 2019

RBI slashes repo rate by 35 basis points to 5.40%, cuts GDP growth forecast to 6.9%

The central bank reduced the repo rate by 35 basis points to 5.40 per cent from 5.75 per cent in its third bi-monthly Monetary Policy Statement for 2019-20.

Aug 7, 2019

indian oil ioc petrol pump saudi aramco total bp

You may soon be able to buy petrol from the supermarket during weekly shopping

Major reforms to energy policy may allow foreign energy companies and supermarkets to sell fuel to retail users.

Aug 7, 2019

Slow market paralyses Audi sales, firm plans to halt future investments in India

The slow pace of the local market is expected to affect Audi's annual sales to see a dip in 2019. The recent inauguration of a sales outlet would help boost the demand for the luxury car among the Indian public.

Aug 7, 2019

India's auto crisis deepens, tens of thousands losing jobs

Initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

Aug 7, 2019

Post-370, Helmet maker Steelbird plans to set up manufacturing unit in J&K

The company plans to come up with a manufacturing outlet before the investor summit, scheduled in October 2019 mentioned Kapur.

Aug 7, 2019

Flipkart Videos to be Walmart's new wishlist; Amazon Prime to face stiff competition?

In a view to compete Amazon and a yet-to-be-launched e-commerce website of Reliance industries, Flipkart will also provide focused product suggestions to customers based on their requirements.

Aug 6, 2019

RBI monetary policy: Investors awaiting outlook beyond another repo rate cut

With a fourth 25 basis points repo rate cut a foregone conclusion, observers are watching for RBI guidance about its outlook on the state of the economy.

Aug 6, 2019

Hong Kong trouble, looming financial crisis sink world's biggest banks in China

'Big four' state-owned lenders that are also world's largest tumble to record low valuations amid concern that Beijing will direct them to bail out smaller banks as economic ills from US-China trade wars grow

Aug 5, 2019

Reliance Jio, Airtel in race for Anil Ambani's RCom assets

The Anil Ambani-led telecom company has been struggling with the long-standing debt of about Rs 46,000 crore.

Aug 5, 2019

DLF pares GIC debt by Rs 3,100 crore; plans to clear all dues by 2nd quarter

DLF has transferred the Mall of India project in Noida to DCCDL to significantly reduce the debt pile.

Aug 5, 2019

BSNL privatisation: Salary delay, worsening fiscal crisis intensify speculation

Industry observers claim the government's focus shifted to BSNL and MTNL after speeding up the privatisation procedures of national carrier Air India.

Aug 5, 2019