Business news

Slowing economy, consumption to blame as centre misses revenue target by 11%

GST, income tax and excise duties collection growth declines amid a slump in fixed investments and exports

May 3, 2019

Bandhan bank to take offer-for-sale route to cut promoter's shareholding to 40%

The bank reported a 67.8% increase in its March quarter net profit as a result of higher net interest and non-interest income.

May 3, 2019

Will Naresh Goyal face criminal charges over financial fraud after Jet crash?

Registrar of companies is examining the airline's books of account to see if promoters diverted funds from floundering Jet and hastened its crash; any criminal investigation could adversely affect the bidding process piloted by the lenders

May 2, 2019

Indian factories growth hits 8-month low amid general elections

Growth rates of Indian factories slid to an eight-month low amid Lok Sabha 2019 elections.

May 2, 2019

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

ICICI Bank under Kochhar denied in September 2014 about having granted an Essar Group company based in Mauritius $365-million loan in June 2014, records show

May 2, 2019

Legal ambiguity over Ness Wadia conviction will keep Wadia Group shares choppy

Ambiguities in law and the fact that Japanese court has suspended the sentence could help Wadia Group scion in boardrooms and BCCI probe against Kings XI Punjab's IPL future

May 2, 2019

Fraudsters in Bengaluru dupe people of lakhs offering cheap Indigo air tickets

The office of the fraudsters had an address in Richmond Road in Bengaluru. Indigo confirmed that they do not have an official address in the city except at the Kempegowda International Airport.

May 2, 2019

Worrying fall in Reliance return on assets despite better-than-expected numbers

Rising capital spend, dipping refining margin and slowing telecom business revenue afflict RIL balance sheet as FY19 return on assets plummets

May 2, 2019

Oil, global outlook to keep market choppy on resumption after Wednesday break

US-China trade talks in the final lap, US Fed meeting, oil price shock, and Lok Sabha elections in home stretch are likely to keep traders on the edge.

Apr 30, 2019

a worker cycling by an Indian oil refinery

$100 crude: Will new govt slip on boiling oil after Lok Sabha elections?

Trump's squeeze on Iran oil raises the spectre of a rapid rise in oil prices and the Indian economy suffering as the new government's elbowroom to stimulate growth dwindles.

Apr 30, 2019

Can lenders to Jet afford to accept employees' proposal to revive the airline?

Employees' consortium has told the lenders, who have invited bids for a debt rescue plan, that it can secure Rs 3,000 crore investment to set the airline on a trajectory to recovery.

Apr 30, 2019

Lok Sabha elections, US-China trade talks to dominate market in three-day week

Traders wary of high volatility amid hope for Nifty at 12,000; market closed on Monday for election in Maharashtra and on Wednesday for Maharashtra Day

Apr 29, 2019

Vistara's plan to recruit Jet planes and staff will spur domestic competition

Full-service airline with a homogenous fleet of Airbus A320s may add six Boeing 737 aircraft and recruit staff from distressed Jet Airways.

Apr 29, 2019

JioPhone tops India's feature phone market, Samsung close second in Q1 2019

Unlike the smartphone market, which contracted for the first time in 2018, the feature phone market has continued to grow over the last three years.

Apr 29, 2019

IL&FS audit case: Government may debar Deloitte for alleged misconduct

If the Ministry of Corporate Affairs goes ahead with the punishment, it will be the second occasion when Price Waterhouse was banned for similar malpractice in the Satyam scam.

Apr 28, 2019