Business news

Air India Airbus A320 passenger aircraft.

Air India turnaround: Will debt SPV and fresh equity infusion save national carrier?

Is debt reduction alone a panacea for the ills of the airline? Higher fuel bills, bloated operational costs, rising staff costs and tightening competition all will make the ride choppier for the airline

Nov 5, 2018

SBI net profit slips 69% to Rs 576 crore in Q2

The State Bank of India's total income (consolidated) rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period.

Nov 5, 2018

In a major push to offline retail, Amazon to buy 10% stake in Future retail

The deal is expected to get the board approval on 14th November post that it would be one of the aggressive measures taken by the e-commerce giant, Amazon to gain access to the growing retail business in India.

Nov 5, 2018

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Geopolitical issues, Q2 results to set equity market course

Trading at stock exchanges, however, won't take place on November 7-8 on account of Diwali, other than the brief traditional muhurat trading on Diwali day.

Nov 4, 2018

Olive branch to Iran? Trump says US ready for a new deal

The statement is completely opposite to the American hawkish policy against Iran in recent times.

Nov 4, 2018

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Early Diwali for blue chip stocks at Dalaal street; TCS, SBI gain

It is to be noted that the rise in oil prices and trade war initiated by the Trump administration has sent ripples across the stock markets, globally.

Nov 4, 2018

Axis Bank's Q2 standalone profit up 83% to Rs 790 crore

According to the firm, net profit during the quarter under review increased to Rs 789.61 crore from Rs 432.38 crore reported for the corresponding period of last fiscal.

Nov 4, 2018

Apple loses $1 trillion status after soft holiday forecast

The dip in Apple's shares to $208.50 knocked around $67 billion off its value, and put Amazon and Microsoft Corp back in the mix in the race among the United States' big tech players to be the world's most valuable company.

Nov 3, 2018

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Amid cash crunch, Jet Airways permitting pilots to quit without notice period

In the last few months, about 50 pilots are said to have quit and most of them reportedly left just 48 hours after resigning, when the usual notice period is of six months. In addition, most of these pilots were of Jet's ATR planes, three of which have already been grounded.

Nov 2, 2018