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Sensex, Nifty tumble as SC dismisses Airtel, Vodafone pleas on payment dues

The SC dismissed petitions by wireless carriers, including Bharti Airtel and Vodafone Idea, seeking a review of its order late last year that they must pay the bulk of nearly $13 billion in dues.

Jan 17, 2020

Big blow to Airtel, Vodafone Idea as SC rejects plea for relief on government dues

The Supreme Court in October 2019 upheld a long-standing demand by the country's telecoms department that wireless carriers pay 920 billion rupees ($12.98 billion) in overdue levies.

Jan 17, 2020

Budget 2020: Centre may impose customs duty hike on more than 300 items

Besides giving relief to the domestic industry and boosting employment, the move is expected to keep imports down and help to raise revenue.

Jan 17, 2020

Sensex tops 42,000 for the first time, Nifty at record high

Sensex, on Thursday, crossed the 42,000-mark for the first time rising 134.58 points in the opening trade.

Jan 16, 2020

HDFC Bank customers watch out: Crucial services to be affected on Jan. 18

HDFC Bank has issued an alert for scheduled maintenance that affects its credit card customers. Read on to find out more about the outage.

Jan 16, 2020

Here's why government is seeking Rs 19,000 crore dividend from oil companies

The snail-paced Indian Economy has led to the government getting lower than expected GST collection from the companies.

Jan 15, 2020

This is what Jeff Bezos has to say about India at Amazon's Delhi event

Jeff Bezos said that Amazon would use its global footprint to export Made in India goods worth $10 billion by 2025.

Jan 15, 2020

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Budget 2020: Centre to tighten noose on fraudulent Input Tax claims to curb revenue shortfall

Tax experts have argued that such checks on illicit claims should have been put in place since the beginning.

Jan 14, 2020

Another WeWork in making? Softbank backed Oyo Rooms fire 20 percent of workforce

Oyo will be firing around 2400 employees which currently has an overall work strength of 12,000 in India.

Jan 14, 2020

CCI to investigate Flipkart, Amazon deep discounting on mobile phones

The CCI observed that the exclusive arrangements between phone brands and e-commerce platform, coupled with the allegation of linkages between these preferred sellers and e-commerce companies merits an investigation.

Jan 14, 2020

Walmart India fires 8 senior staff among 56 executives as part of restructuring

Walmart, the world's largest retailer is also preparing to wind up its physical presence in India and will continue to cut staff.

Jan 13, 2020

Ex-director of Yes Bank seeks SEBI probe into insider-trading

Former director Uttam Prakash Agarwal has asked SEBI to investigate whether the process followed by MD and CEO Ravneet Gill had been law-compliant.

Jan 13, 2020

IL&FS adds Rs 3,333 crore cash in a liquidity boost

As a result of these efforts, cash and cash equivalent balances across IL&FS Group entities has since September 30, 2018, increased by Rs 3,333 crore to Rs 6,534 crore.

Jan 12, 2020

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Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53).

Jan 12, 2020

Jolt to Cyrus Mistry: SC puts his reinstatement as Tata Son's chief on hold

During the pendency of the petition in the apex court, Mistry, in a statement had said he was not interested in returning to the Tata Sons' chairmanship.

Jan 10, 2020