Business news

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

Google buys Looker in Thomas Kurian's 1st acquisition in cloud-computing business

Looker is an American data exploration and business intelligence platform founded in 2012, employing about 800 people. It had a market value of $1.6 billion in 2018.

Jun 7, 2019

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Market cracks as RBI fails to go beyond the expected 25 bps repo rate cut

Third successive rate reduction takes repo rate to lowest in nine years at 5.75%; change in monetary policy stance to 'accommodative' removes imminent rate rise fears but the street wants more.

Jun 6, 2019

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

NAVs plummet up to 57% for mutual funds with substantial exposure to DHFL paper that rating agencies downgraded to 'default'; exposure of some funds may have exceeded the Sebi-mandated 10%.

Jun 6, 2019

Does Huawei's Russia 5G deal signal a new world trade order split down middle?

Chinese giant ties up with Russia's MTS to deploy 5G technology as Xi begins three-day Russia visit for a summit with Putin amid escalating US-China trade war.

Jun 6, 2019

Auto giants BMW and Jaguar Land Rover collaborate to develop electric vehicles

The collaboration of engineers will bring in expertise in electrification and help in the advancements of electric engines and transmissions.

Jun 6, 2019

The Air India plane flying the inaugural trip from Lucknow,

Air India divestment: Will Modi 2.0 get second time lucky with 100% stake sale?

The Narendra Modi government is taking up unfinished business on a priority basis and Air India privatisation is top on the agenda.

Jun 5, 2019

uber ola cabs surge pricing licence karnataka taxi hailing aggregators, uber drivers, ola drivers, uber driver strike

Ola and Uber see bumpy ride ahead amid slow growth

In recent months, there has been an exponential cut in driver incentives which has led to supply shortage of the driver partners of these taxi hailing services. This has directly impacted the growth of their businesses.

Jun 5, 2019

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

Zomato delivers liberal parenthood norms but leaves field staff out in the cold

App-based food delivery firm introduces 26 weeks' parental leave for all employees but the plight of thousands of field staff remains unchanged

Jun 4, 2019

Indian industry seek corporate tax rate cut to 20% in upcoming budget

The Confederation of Indian Industry (CIII) called on Modi to push reforms in the budget so as to boost private investment and domestic consumer demand and achieve 8-10 percent economic growth rates over the next few years.

Jun 4, 2019

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

Escalating US-China trade wars may trigger prolonged global recession this year

Morgan Stanley warns investors must take into account the threat of a prolonged recession for their investment strategy given the worsening trade war rhetoric between the US and China

Jun 3, 2019

SFIO questions RBI's role in IL&FS crisis, recommends internal probe for 'appropriate action'

Regarded as the 'Lehmann moment of India', the IL&FS started defaulting on re-payment of loans last year and is reeling under a whopping Rs 90,000 crore debt.

Jun 3, 2019

After a week of euphoric hearts, expect cautious heads to return to the market

Indices are expected to trade sideways as the euphoria of Modi 2.0 ebbs and worries of global tensions and domestic slowdown begin to take hold; time ripe for stock specific play.

Jun 2, 2019

Global airlines slash profit forecast 21% on protectionism fears

The International Air Transport Association, which represents about 290 carriers or more than 80% of global air traffic, said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

Jun 2, 2019

US-China trade wars: Markets panic as Beijing's 25% tariff on US imports bites

The US has already raised from 10 percent to 25 percent tariffs on imports from China to the tune of $200 billion.

Jun 1, 2019

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Business news

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Google buys Looker in Thomas Kurian's 1st acquisition in cloud-computing business

Market cracks as RBI fails to go beyond the expected 25 bps repo rate cut

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

Does Huawei's Russia 5G deal signal a new world trade order split down middle?

Auto giants BMW and Jaguar Land Rover collaborate to develop electric vehicles

Air India divestment: Will Modi 2.0 get second time lucky with 100% stake sale?

Ola and Uber see bumpy ride ahead amid slow growth

Zomato delivers liberal parenthood norms but leaves field staff out in the cold

Indian industry seek corporate tax rate cut to 20% in upcoming budget

Escalating US-China trade wars may trigger prolonged global recession this year

SFIO questions RBI's role in IL&FS crisis, recommends internal probe for 'appropriate action'

After a week of euphoric hearts, expect cautious heads to return to the market

Global airlines slash profit forecast 21% on protectionism fears

US-China trade wars: Markets panic as Beijing's 25% tariff on US imports bites

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]