Business news

Pakistan currency, Pakistani rupee, pakistan demonetisation

Pakistani rupee free fall continues; tipped to plunge to 200 against US dollar

The IMF had warned Pakistan in 2017 that the currency was overvalued by as much as 20 percent. The country's economy is in the grip of a crisis with a soaring debt and rising inflation.

May 30, 2019

Will Trump's Huawei gambit backfire with a rare earth export ban by China?

China controls more than 90 percent of the world's rare earth market. These elements are indispensable for industries such as defence, electric cars, wind generators, hard-disk drives, mobile communication and missile guidance.

May 30, 2019

US war on Huawei: How careers of regular employees are hit

New York-based Institute of Electrical and Electronics Engineers decides to ban Huawei employees from participating in peer review of research papers.

May 30, 2019

Arbitration court rejected India's plea in case against Japan carmaker Nissan Motor

Singapore court rejects India's plea in case against Nissan

Nissan Motor had sent a legal notice to Tamil Nadu claiming unpaid due worth Rs 5000 crores in 2016.

May 30, 2019

India removed from US currency monitoring list, China stays

India, along with China, Japan, Germany, Switzerland and South Korea, was placed in the bi-annual currency watch list in October last year.

May 29, 2019

MacKenzie Bezos pledges to donate half her $36 billion fortune to charity

MacKenzie's decision follows the movement founded by billionaires Warren Buffett and Bill and Melinda Gates.

May 29, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba plans to raise $20 billion in Hong Kong listing

Alibaba is considering to raise as much as $20 billion through a secondary listing in Hong Kong, lining up a second blockbuster deal, following its 2014 $25 billion float in New York.

May 28, 2019

BJP 2.0 and markets: Investors with long-term view to reap great returns

After BJP's triumph in the Lok Sabha elections 2019, the market has given initial reaction to the political outcome and it may last for another couple of days.

May 27, 2019

Will proposed reforms in gold trade make buying of the yellow metal difficult?

Law changes will make online transaction mandatory for buying more than 5 grams of gold in the spot market; government plans to revamp the gold monetisation scheme (GMS) to make it more people friendly.

May 26, 2019

Market may pause for clarity on Modi 2.0 policy direction before resuming rally

A volatile week of Lok Sabha election results pushed Sensex to an all-time high of 40,124 points and Nifty 12,041, revealing the market's confidence in the incoming government; market awaits the return of FIIs for the next big rally

May 26, 2019

Jet Airways threatened with bankruptcy proceedings

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019

IL&FS-led crisis drives RBI to push for stress testing NBFCs liquidity quality

New norms seek to ensure that NBFCs will have contingency funding plans for responding to financial disruption

May 26, 2019

Arun Jaitley unlikely to remain finance minister in PM Modi's new term: Sources

The sources said that Jaitley, 66, is unlikely to take up any offer to continue in the top job steering Asia's third-largest economy as his health has deteriorated over the past few months.

May 25, 2019