Business news

India tweaks export priorities as US-China trade wars shape new global order

Commerce ministry study shows potential to boost exports of 350 products to the US and China markets; China could offer a new market for 151 products helping to reduce the trade gap between the two countries.

Jun 17, 2019

UCO Bank names Yash Birla as wilful defaulter; here's why RBI won't approve additional funds

UCO Bank also revealed the names of seven wilful defaulters who have total unpaid dues of Rs 740 crore. The names include Mehul Choksi, Manoj Jayaswal and Abhishek Jayaswal.

Jun 17, 2019

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Market mind's on the monsoon with one eye on budget as uncertainty reigns

Benchmark indices expected to consolidate during the wait for fresh cues; Union Budget and GST Council meetings to be watched domestically; Fed meeting, US response to India's tariff tweak, US-China trade wars and the Middle East among key global cues.

Jun 16, 2019

Trade spat: India imposes retaliatory tariff on 29 US items

The Indian government had initially decided to impose these duties on June 28 last year but the deadline was extended multiple times.

Jun 16, 2019

Cloud over India-Pakistan World Cup tie: Star India may lose Rs 100 crore

As per the weather forecast, the match between arch-rivals India and Pakistan is likely to be washed out due to rains.

Jun 15, 2019

Here's why Hexaware wants to buy Mobiquity for Rs 1,266 crore

Mobiquity's associations with well-known brands will help Hexaware gain global recognition. It will help Hexaware to create a cloud work sphere to enhance business growth.

Jun 14, 2019

Mantraraj Paliwal's Miraj Cinema is gaining top spot in multiplexes across India

Miraj group has more than ten businesses under their tree. But their investment in cinema business is growing faster than other Multiplex around India.

Jun 14, 2019

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

World-beating India Inc may be a top-20 global FDI source by 2021: UN panel

Indian companies invested $11 billion overseas in 2018 and the figure is likely to go up this year putting India among the top-most FDI sources for the global economy, according to a UNCTAD report

Jun 14, 2019

Here's why breaking up Facebook won't address issues with content and security

The rumours began gaining momentum when Facebook's co-founder Chris Hughes had written an op-ed for the New York Times and suggested that the company should be separated into multiple companies.

Jun 14, 2019

Adani Gas shares rise 7% on reports of Total planning to buy 30% stake

With the deal in place, Total S.A. will have almost an equal stake in the company as the founder and chairman, Gautam Adani.

Jun 14, 2019

Ola to setup advanced technology centre in San Francisco Bay area

The Centre will be focusing on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles. It will be hiring talents across Technology, Product, including specialists in Artificial Intelligence and Machine Learning.

Jun 14, 2019