Business news

Lifeline for HAL? Cash-strapped PSU to make weaponised Tejas fighters for IAF

The Bengaluru-headquartered public sector behemoth has been reeling under a double whammy of depleting order book and chronic delays in the deployment of budgetary allocations.

Jan 4, 2019

Ericsson seeks arrest and detention of Anil Ambani over Rs 550 crore dues

In early October, Reliance Communications had sought 60 more days for repayment of Rs 550 crore to Ericsson.

Jan 4, 2019

Hong Kong Airlines Airbus A330-200 passenger jet

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Jan 4, 2019

DGCA raps Spicejet for mid-air New Year celebrations

SpiceJet has said that the airline has not violated any protocol and its crew did not participate in dancing.

Jan 4, 2019

Reliance Jio continues to hurt rivals as its subscriber base spikes

In fact last year RJio has managed to add close to 10 million users almost every month which imply that the war to dominate to the telecom is far from over at least in near future.

Jan 3, 2019

India GDP agriculture gdp estimate rural demand

Markets edgy as Modi govt considers massive farm relief package

Prime Minister Modi mulling programmes costing Rs 2.3 lakh crore including direct benefit transfer (DBT) of Rs 4,000 per acre and Rs 50,000 interest-free loan per hectare.

Jan 3, 2019

GoAir sale of tickets at just Rs 1,199 has customers reeling

The sale is valid for trips between July 8 and September 29.

Jan 3, 2019

Online food delivery war: Zomato in talks to raise capital as Swiggy races ahead

Last year, Swiggy had managed to raise $1 billion in the largest ever funding round in food tech to become the fifth most valuable startup in the country.

Jan 3, 2019

Make in India push: Public procurement policy booster dose to pharma sector

The Department of Pharmaceuticals-mandated preference to local makers aims at achieving 75 per cent local content in public procurement programmes this fiscal and 90 per cent by 2025.

Jan 2, 2019

Royal Enfield Interceptor 650 & Continental GT 650

Jawa spoils Enfield's party; Eicher Motors sinks 7.5% as December sales plummet

Royal Enfield sales in December dropped more than 13 percent to 58,278 units, down from 66,968 in the same period the previous year.

Jan 2, 2019

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Sensex down 320 points, auto stocks slump

The weakness in the domestic indices came on the back of a similar trend in the Asian markets along with a sharp decline in rupee and a slowdown in the manufacturing PMI data.

Jan 2, 2019

Sachin Bansal pays Rs 699 crore advance tax on gains from Flipkart-Walmart deal

The Income Tax department had directed Sachin Bansal, Binny Bansal and the company's stakeholders to disclose their capital gains made after the Flipkart-Walmart deal.

Jan 2, 2019

Debt-laden Jet Airways defaults on loan repayment

Earlier in the week the company's shares saw a spurt after reports said the management was in talks with the State Bank of India for a Rs 1,500 crore interim loan.

Jan 2, 2019

Modi govt's re-election push: MSMEs to get GST, loan restructuring breathers

Prime Minister Modi wants GST Council to raise compliance threshold for MSMEs to Rs75 lakh while RBI nod for one-time restructuring covers loans of up to Rs25 crore

Jan 2, 2019

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Global Markets: Asian shares blindsided by dismal China data

Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures

Jan 2, 2019