Business news

FM Nirmala Sitharaman doesn't know economics, says Subramanian Swamy

Swamy said that Modi's advisors were too afraid to tell him the truth about the economic recession. "The Prime minister knows nothing about it. He is being told 'wonderful growth rate'," Swamy said.

Dec 1, 2019

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Market outlook: Lending rates, auto sales to set equities trends

The direction of foreign fund flows, rupee's movement against the US dollar as well as global crude oil prices will affect investor sentiment.

Dec 1, 2019

Maruti Suzuki achieves landmark 20 million cumulative sales in India

The company accomplished this landmark number in less than 37 years of selling its first car in December 1983.

Dec 1, 2019

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No hallmark, no gold sales: India makes gold jewellery hallmarking mandatory from mid-January

Hallmarking will be mandatory from January 15, but a period of one year will be allowed to set up new hallmarking centres and to clear jewellers' existing stocks.

Nov 30, 2019

Will GMR take Delhi's second airport by right of refusal as Swiss firm wins bid?

Zurich Airport International AG beat GMR and Adani Group by quoting highest per passenger rate for developing first phase of Jewar airport, expected to be India's largest.

Nov 30, 2019

Ola aims to shed 5-8% of staff ahead of IPO

The move is seen as part of the mobility platform's aim to turn profitable and go public in the next 18-24 months.

Nov 29, 2019

Petrol, diesel prices rise again. Check today's fuel rates in key cities

Petrol has become costlier by five paise per litre in Delhi, Kolkata and Chennai and four paise per litre in Mumbai after remaining constant for the last two days.

Nov 29, 2019

The Air India plane flying the inaugural trip from Lucknow,

Will Air India suitors find truncated debt, 100% equity offer irresistible?

The government may pare down Air India debt to Rs 30,000 crore and offer 100% equity to the eventual buyer; Expression of interests in second attempt to sell national carrier may begin by December 15

Nov 28, 2019

Will pharma regulator's deal with industry make non-price control drugs cheaper?

A 30% cap on the margin agreed at a meeting of pharma regulatory and trade bodies and lobby groups may put pressure on big manufacturers as the distributors may not agree to lower commission.

Nov 27, 2019

Petrol, diesel prices stable across all metros: Check latest rates in your city

Diesel costs Rs 65.73 a litre in Delhi, Rs 68.14 a litre in Kolkata, Rs 68.94 a litre in Mumbai and Rs 69.74 a litre in Chennai on Wednesday.

Nov 27, 2019

Bajaj invests $8 million in Yulu to boost EV adoption in India

The fresh round of investment will be utilised for further strengthening of the mobility platform and deepening of the technology solutions for rapid expansion.

Nov 27, 2019

Sensex surpasses 41,000 mark for first time, Nifty above 12,100

Shares of Mukesh Ambani's Reliance Industries Limited touched a record high as the company's market capitalisation (M-cap) nears Rs 10 lakh crore.

Nov 26, 2019

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

The Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.

Nov 26, 2019

Apple supplier Salcomp to invest $279 million in new Indian plant

The widening of Apple's supplier base in India, the world's second-biggest smartphone market, is a boost to Prime Minister Narendra Modi's "Make in India" drive.

Nov 26, 2019