Business news

Nissan to fire 1,700 employees in India, plans for 12,500 job cuts worldwide

Nissan will be cutting down 1,420 employees from the US, 1,000 in Mexico, 830 in Indonesia and about 880 in Japan as an initiative to improve its efficiency.

Jul 26, 2019

$1 billion for Intel's 5G business, why is Apple crazy about it?

Apple is planning to produce its own 5G cellular modems in the next three years. It acquired the cellular modem production rights from Intel.

Jul 26, 2019

Blackstone fires up Kishore Biyani's Future Group with Rs 1,700 crore capital infusion

As a part of the investment, Blackstone, L Catterton, Premji Invest, L&T Mutual Fund and LIC will be picking up about seven percent shares in Future Group.

Jul 26, 2019

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

Garg, who has sought early retirement after the finance ministry snub, was the fiercest advocate for reducing RBI's cash reserves and transferring more cash dividends to the government.

Jul 26, 2019

PMO asks Finance Minister to re-examine sovereign bond proposal

The PMO has asked the ministry to seek more consultation from stake-holders before proceeding with any plans.

Jul 26, 2019

Anil Ambani's Reliance Naval on verge of bankruptcy; owes Rs 9,399 crore to creditors

Reliance Naval, earlier known as Pipavav Defence & Offshore Engineering, is facing financial crisis under the leadership of the SKIL Group.

Jul 25, 2019

Tata Motors Q1 loss nearly doubles to Rs 3,680 crore, JLR challenges continue

The Mumbai-based company plans to introduce electric variants for all of its JLR models by 2020.

Jul 25, 2019

Ola launches drive to enable sustainable livelihoods for 5 lakh women by 2025

Ola takes initiative to focus on impacting women through economic and social empowerment.

Jul 25, 2019

Boeing reports $2.9 billion loss amid 737 MAX grounding crisis

Since March's Ethiopian Airline crash, Boeing shares have dropped about 14 percent while the broader S&P 500 gained about 10 percent. Boeing shares are now 3.1 percent lower at $361.43.

Jul 25, 2019

Cars24 procures NBFC licence from RBI to offer loans against used cars

Cars24, a used car buying and selling platform, will facilitate vehicle loans to customers as well as finance channel partners to help them expand their businesses.

Jul 25, 2019

Tata Nano at manufacturing plant in Gujarat

India's automobile industry to bleed 1 million jobs due to persistent slowdown

The job losses are happening in the major hubs, including Gurgaon-Manesar belt of Haryana, Pune, Jharkhand's Jamshedpur and some parts of Madhya Pradesh's Pithampur.

Jul 25, 2019

Airtel, Vodafone slapped Rs 3,000 crore fine for refusing interconnection to Jio

Bharti says the company is "extremely disappointed" and the decision would further burden the high stress in the telecom sector.

Jul 25, 2019

Truce on cards: IndiGo co-promoters signal to bury differences

As per the agreement, Rakesh Gangwal will have the power to nominate one board member as against Rahul Bhatia who can nominate five board members

Jul 24, 2019

Make in Telangana; Hyderabad to host Wipro's digital product compliance lab

The newly built lab will be a subsidiary of Tarang labs, the only southeast Asian lab qualified for Wi-Fi and Bluetooth device certification.

Jul 24, 2019

India may be one of the top 20 FDI sources in 2021, a UN report says.

UK, India can do great business and achieve real change: British envoy

Indian investments in the UK increases: 842 Indian companies operating in the UK, up from 800 in the previous year.

Jul 24, 2019

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Business news

Nissan to fire 1,700 employees in India, plans for 12,500 job cuts worldwide

$1 billion for Intel's 5G business, why is Apple crazy about it?

Blackstone fires up Kishore Biyani's Future Group with Rs 1,700 crore capital infusion

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

PMO asks Finance Minister to re-examine sovereign bond proposal

Anil Ambani's Reliance Naval on verge of bankruptcy; owes Rs 9,399 crore to creditors

Tata Motors Q1 loss nearly doubles to Rs 3,680 crore, JLR challenges continue

Ola launches drive to enable sustainable livelihoods for 5 lakh women by 2025

Boeing reports $2.9 billion loss amid 737 MAX grounding crisis

Cars24 procures NBFC licence from RBI to offer loans against used cars

India's automobile industry to bleed 1 million jobs due to persistent slowdown

Airtel, Vodafone slapped Rs 3,000 crore fine for refusing interconnection to Jio

Truce on cards: IndiGo co-promoters signal to bury differences

Make in Telangana; Hyderabad to host Wipro's digital product compliance lab

UK, India can do great business and achieve real change: British envoy

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]