Business news

Honda 'to shut down UK plant,' over 3,500 jobs on the line

The Swindon plant is known to be a busy one with about 100,000 Civic cars being produced for the global market, and shutting it down would mean over 3,500 workers would lose their jobs.

Feb 19, 2019

Johnson & Johnson implant patients question compensation package

In November 2018, the central government had devised a formula and as per that, each affected person was to get a compensation between Rs 20 lakh and Rs 1.22 crore, depending on risk factors, disability and age.

Feb 19, 2019

Pulwama terror attack: Traders cautious as geopolitical pressures rise amid political rhetoric

Bombay Stock Exchange's headline index Sensex sank below the psychologically important 36,000 points. National Stock Exchange's broader Nifty also dipped below the crucial 10,800 level.

Feb 18, 2019

Ranbaxy Malvinder Singh Shivinder Fortis

Malvinder Singh alleges death threat, sues brother Shivinder and Radha Soami Satsang head

Fortis co-founder Malvinder Mohan Singh filed a criminal complaint against his brother Shivinder and spiritual head of the Radha Soami Satsang Gurinder Singh Dhillon accusing them of fraud and sending him death threats. He said that other members of the satsang are also threatening him.

Feb 18, 2019

Paytm to take longer than expected to return profits amid surging losses

Rapid expansion strategy may raise Paytm losses to Rs 2,100 crore in FY20 as competition heats up mobile payments field.

Feb 18, 2019

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Rupee weakened against dollar in choppy weekly trade

In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week.

Feb 17, 2019

Jet Airways rights issue will target raising Rs 2,500 crore

Government-owned National Investment and Infrastructure Fund may pick up a 19% stake in Jet Airways to elevate lenders' equity participation to 51%.

Feb 16, 2019

Xiaomi, Mi TV 4A Pro, Mi Air Purifier 2S, Mi Band 3, Mi Home Security Camera 360, Mi Luggage

Online-focused brands may face offline stores' wrath

Brick-and-mortar store associations representing over 70,000 outlets have risen up against FDI-funded online retailers.

Feb 16, 2019

Coca Cola banks on localised products for growth in India

Global giants such as Coca Cola and Pepsi have been facing stiff competition from small domestic companies.

Feb 16, 2019

RBI confident NBFC liquidity situation will improve

Easing of NPAs and banking sector turnaround will help steady NBFCs, governor Shaktikanta Das says

Feb 15, 2019

An aircraft of India's Jet Airways lands

Jet Airways' bailout plan: Lenders to become largest shareholders, Goyal's stake may drop to 25%

Jet Airways said that its board has approved a rescue plan, through which a consortium of banks — led by the State Bank of India — will convert a part of their debt into equity.

Feb 15, 2019

Airbus scraps A380 superjumbos; 3,500 European jobs at stake

When the first Airbus A380 flew out from France in 2007, it was touted as the competitor to the legendary Boeing 747 jumbo.

Feb 14, 2019

Yes Bank shares zoom nearly 30% on clean score in RBI's divergence report

Investors who took huge risk after the drubbing the Yes Bank stock got in the recent past were in for a surprise on Thursday.

Feb 14, 2019

Who is Noel Tata? Ratan's half-brother joins Tata Trusts board sparking successor speculations

With this, Noel Tata is the third brother to be a part of the board. Ratan's younger brother Jimmy has been a trustee for almost 30 years now.

Feb 14, 2019

RCom trouble: Lenders press for more collateral from Reliance Group promoters

Anil Ambani appears in court for the second successive day after Ericsson moves contempt petition amid Reliance Group stock meltdown over bankruptcy plea.

Feb 13, 2019

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Business news

Honda 'to shut down UK plant,' over 3,500 jobs on the line

Johnson & Johnson implant patients question compensation package

Pulwama terror attack: Traders cautious as geopolitical pressures rise amid political rhetoric

Malvinder Singh alleges death threat, sues brother Shivinder and Radha Soami Satsang head

Paytm to take longer than expected to return profits amid surging losses

Rupee weakened against dollar in choppy weekly trade

Jet Airways rights issue will target raising Rs 2,500 crore

Online-focused brands may face offline stores' wrath

Coca Cola banks on localised products for growth in India

RBI confident NBFC liquidity situation will improve

Jet Airways' bailout plan: Lenders to become largest shareholders, Goyal's stake may drop to 25%

Airbus scraps A380 superjumbos; 3,500 European jobs at stake

Yes Bank shares zoom nearly 30% on clean score in RBI's divergence report

Who is Noel Tata? Ratan's half-brother joins Tata Trusts board sparking successor speculations

RCom trouble: Lenders press for more collateral from Reliance Group promoters

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]