Business news

Sensex ends 206 points higher, Tata Group stocks fall

Sensex closed 206.40 points higher at 41,558.57. The Nifty closed at 12,221.65, advancing by 56.65 points.

Dec 18, 2019

Tata-Mistry clash: NCLAT orders Tata Sons to reinstate Cyrus Mistry as chairman

National Company Law Appellate Tribunal terms appointment of N Chandrasekaran as executive chairman of Tata Sons illegal; gives four weeks' time

Dec 18, 2019

SIMI, PFI behind CAA violence: Intel reveals

Sources said that the report shared with Ministry last week said it is the "handiwork" of those who are against the government move.

Dec 16, 2019

Amid talks of Zomato-UberEats merger, Swiggy's losses jumps five times

Notably, the development has come amid its arch-rival Zomato is planning to buy UberEats for an unconfirmed amount up to $200 million

Dec 16, 2019

IL&FS group co defaults on Rs 3.37 crore interest payment

The crisis-hit IL&FS had incorporated IL&FS Transportation Networks in 2000, and the firm has more than 14,000 lane-kilometres in a portfolio of over 30 projects.

Dec 16, 2019

Telecom sector employees seek opportunities outside amid mounting losses

One of the recruiting consulting firms has received around 7,000 profiles of Vodafone Idea and around 5,000 at rival Bharti Airtel

Dec 16, 2019

PAN-Aadhaar linking last date is December 31: Step by step guide [Video]

The Central Board of Direct Taxes (CBDT) through an order issued in September this year extended the due date for linking the PAN with the Aadhaar till December 31.

Dec 16, 2019

Zomato in advanced talks to buy UberEats: Report

Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment.

Dec 16, 2019

Will US Fed take Digital India's help on Google cue and replicate UPI system?

Google has cited Google Pay experience with India's flagship mobile real-time payments system UPI launched in 2016; the system topped 120 crore transactions in November valued at Rs 1.89 lakh crores.

Dec 15, 2019

nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Market outlook: Inflation data, stagflation concerns to steer equity indices

Concerns on stagflation and anxiety over the upcoming WPI Inflation level for November will keep investors on their toes.

Dec 15, 2019

Infosys row: Company says not aware of any fresh lawsuit

Infosys allegedly made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.

Dec 14, 2019

Maruti U-turn may put India's plan to ease out diesel vehicles on reverse gear

Country's largest carmaker Maruti Suzuki may not want to miss out on the diesel vehicle market share as rivals remain silent on exiting the segment.

Dec 13, 2019

One97 communications, paytm, paytm to invest rs 12,000 crore, Softbank to invest in paytm, paytm digial wallet company, fintech companies in india, paytm investors

SoftBank-backed Paytm raises $660 million from Alibaba arm Alipay, others

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion last month

Dec 13, 2019

Will tenfold hike in aircraft safety breach fines curb rising aviation failures?

Rising incidents of technical snags forced the government to amend rules to raise the fines ; the maximum fine may go up to Rs 1 crore from Rs 10 lakh.

Dec 13, 2019

Why is Yes Bank board wary of tycoon who wouldn't invest if it was 'No Bank'?

The past of the Canadian who made the $1.2-billion bid for Yes Bank controlling stake is so mysterious with vastly contrasting narratives that Netflix wants to tell his story.

Dec 11, 2019