Business news

Volatility spirals as border tensions hammer Karachi stock exchange

KSE100 plunged nearly 1,500 points after Indian strikes and Pakistani retaliation; benchmark recovers some ground though choppiness remains.

Feb 28, 2019

Elon Musk changes Twitter name to Elon Tusk amid reports he may lose CEO post

Tesla CEO Elon Musk changed his name and also put up an elephant emoji next to his new name. He then changed his profile picture and put up an image of Mars, and promised to announce some Tesla "news" on Thursday, February 28, at 2 pm California time.

Feb 28, 2019

Airports privatisation: Aggressive bidding landed five airports in Adani kitty

High growth trajectory in the five airports is expected to give the AAI a win-win partnership with the Adani Group

Feb 27, 2019

Surgical strike 2.0: Markets jittery as BSE, NSE indices plunge

Going forward, the market is likely to react cautiously waiting for the turn of geopolitical events, watching for the responses of all major players, according to observers.

Feb 26, 2019

India to keep off WTO talks on global regime for e-commerce

New Delhi treads a cautious path despite surprise Beijing turnaround; indigenous e-commerce policy targets data security by localization of storage

Feb 25, 2019

Representation of the Ripple virtual currency is seen in this illustration picture

Crypto Industry to request government for relaxation in norms

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.

Feb 25, 2019

An aircraft of India's Jet Airways lands

Etihad conditions set speed bumps for debt-laden Jet's resolution plan

UAE national carrier is apparently unhappy over SBI opposition to its demand for a right of first refusal after one year and Sebi norm requiring an open offer.

Feb 25, 2019

GST rate cut: Real estate sector eyes massive demand spurt

Widening of 'affordable housing' category and rate reduction expected to give a push to Narendra Modi government's 'Housing for All 2022' programme.

Feb 25, 2019

Sebi bans commodities arms of Motilal Oswal, India Infoline from trading

Sebi has directed all clients of the two commodity broking firms to transfer their securities within 45 days to other brokers.

Feb 23, 2019

ING Group sells entire 3% stake in Kotak Mahindra Bank

Dutch financial giant's exit from private lender by offloading 5.8-crore shares in block deal was expected after a partial stake sale last year.

Feb 23, 2019

Ericsson case: Anil Ambani guilty of contempt, directed to pay Rs 453 crore or face 3 months jail

Banks may refuse to release funds to save Anil Ambani jail time

Lenders' boards may not allow RCom's request for releasing Rs 260-crore tax refund held in escrow account for paying off Ericsson after Supreme Court verdict.

Feb 23, 2019

Oyo Hotels enters Japan; announces joint venture with Yahoo

In the last 12-18 months, the Gurugram based company has kicked off its operations in five countries which include India, China, Malaysia, the UK and Nepal.

Feb 22, 2019

Uber Eats close to selling Indian food delivery business to Swiggy

Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday.

Feb 22, 2019

High-profile fugitives: Cautious CBI issues lookout notice for Chanda Kochhar

Enforcement Directorate had earlier registered a money-laundering criminal case against Chanda Kochhar, Deepak Kochhar and Videocon's Venugopal Dhoot.

Feb 22, 2019