Business news

Fortis shares crash 14% after supreme court suspends sale to Malaysia's IHH

The suspension of the sale process will further hit Fortis and its shareholders as IHH will likely step away from infusing liquidity into cash-strapped Fortis.

Dec 14, 2018

Modi govt mulls extra cess on petrol and diesel vehicles in a green push

Authorities plan to tweak promotion scheme for electric and hybrid vehicles without increasing subsidy burden

Dec 14, 2018

UrbanClap to buy back employees' stocks worth Rs 18 crore

Repurchase of ESOP stocks is part of the $54 million deal by the company that brings together urban experts and customers with investors Steadview and Vy.

Dec 14, 2018

Sensex, Nifty turn cautious on mixed global cues

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

Dec 14, 2018

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Lonavala's famous Maganlal Chikki goes off shelves after failing FDA drug test

The report filed by Food Safety Officer of the Pune region, RR Kakade, revealed that there is no assurance on the product being manufactured by the company that it is fit for consumption

Dec 13, 2018

A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York

Johnson & Johnson agrees to pay $413 million for faulty implants; deadlock continues in India

The development comes at a time when J&J is set to face a trial in Dallas on January 14, where five Pinnacle-hip recipients have argued that the companies launched the device into the market without any proper testing.

Dec 13, 2018

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True North to buy majority stake in Max Bupa Health Insurance

The development will highlight the first exit by an Indian promoter in the domestic health insurance industry.

Dec 13, 2018

BJP's Assembly election debacle may force a rural twist to Union budget

A marked shift in voting preference of villagers and farmers' anger demand urgent budgetary course correction.

Dec 13, 2018

Gold edges lower as dollar steadies, equities tick up

Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a premium to the bullion.

Dec 13, 2018

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RBI chief's meeting with public sector banks: Liquidity of economy to dominate discussions

Shaktikanta Das' remarks on the first day in office make clear the central bank's future direction in addressing government concerns.

Dec 13, 2018

Key Indian equity market indices open in green

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,737.60 points on Wednesday, was quoting at 10,807.40 points, up by 69.80 points or 0.65 per cent.

Dec 13, 2018

Nissan to boost external board seats, set up compensation committee

Nissan Motor plans to boost the number of external board members and set up a committee to oversee compensation as part of its effort to improve governance following the arrest of former Chairman Carlos Ghosn for financial misconduct.

Dec 13, 2018

Google CEO Sundar Pichai explains why searching 'idiot' turns up Donald Trump's images

Pichai was in Washington, DC. on Tuesday to defend his company against allegations of political bias and manipulating content at House Judiciary Committee. Republicans felt that search results were manipulated for political gain.

Dec 12, 2018

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Sensex surges 600 points; Trust in Modi's return in 2019 fuelling markets?

The only thing that can still upset Modi's apple cart is a joining of forces by the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) in Uttar Pradesh.

Dec 12, 2018

Nifty and Sensex end higher after swift change of guard at RBI

Indian shares marked a one-week closing high on Wednesday, driven by financials and automakers after the government appointed a new central bank governor quickly, amid state election results raising hopes of increased rural spending.

Dec 12, 2018