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Global cues to dictate equity indices, rupee's trend

Last week's provisional data from exchanges showed that foreign institutional investors (FIIs) became net sellers, as they off-loaded a total of Rs 2,067.19 crore worth of shares.

Dec 16, 2018

RBI board meeting: 4 out of 11 banks may witness ease in lending restrictions

The central bank has taken an activist stance in its last meetings however, the newly appointed governor has adopted a more consultative approach while dealing with the issue.

Dec 16, 2018

Airbnb looks to expand across country with rural India on radar

The San Francisco-headquartered company has now been operating in India since last three years and have signed memorandums of understanding with the tourism departments of Gujarat, Andhra Pradesh and Maharashtra.

Dec 16, 2018

IL&FS crisis: Debt-laden group to sell luxury cars, office furniture to raise funds

The Infrastructure Leasing & Financial Services (IL&FS) including its various group firms have invited bids to sell 36 luxury cars, including brands like Audi, BMW, Jaguar, Mercedes Benz, Land Rover, Honda, Toyota, and Skoda.

Dec 16, 2018

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Bulls await overseas cues with domestic red rags of RBI, state elections gone

The Reserve Bank of India's clear signals under new leadership for a conformist path on key sticky issues prep up the markets.

Dec 15, 2018

RBI board seeks more discussion on governance under new boss

The governance issue was a key part of the board meeting's agenda as the government wanted to have a greater say in the bank's regulatory decisions through its board nominees.

Dec 15, 2018

French aerospace contractor Thales to hire 2,000 engineers for Bangalore centre

Thales is a French headquartered multinational company that designs systems and provides services for the aerospace, defence, transportation and security markets

Dec 14, 2018

Vivo to invest Rs 4,000 crore on new plant in Uttar Pradesh, generate over 5,000 jobs

The new manufacturing line will boost Vivo's manufacturing capabilities and buttress its continued growth in the country.

Dec 14, 2018

Anil Ambani-led Reliance Group shares surge after Supreme Court verdict on Rafale deal

RCom shares surge to an intra-day high of 6.6% while other Reliance ADAG companies did well following the top court order.

Dec 14, 2018

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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