Business news

Maruti Suzuki gears up to build 4th assembly line in Gujarat

The company is likely to invest a whopping Rs 3,000 crore to build its new production unit. The fourth production line will take Suzuki's total installed capacity to a million units in Gujarat.

Sep 9, 2017

Takeover regulations: Sebi leaves definition of 'control' unchanged

With the clarification, it means the regulator will leave the definition of 'control' in the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, unchanged.

Sep 9, 2017

Taxed, and really taxed: GST Council swamped with complaints by traders

Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.

Sep 9, 2017

NPS or PPF, which would work best for you?

PPF provides guarantee of returns and are low risk, with low interest rates; NPS is more rewarding, but needs investors who are in for the long haul.

Sep 9, 2017

Kishore Biyani's Future Group eyeing to acquire HyperCity

Future Group's hypermarket format Big Bazaar is already India's market leader, with over 22.4 percent market share in the organised store-based retail market in 2016.

Sep 9, 2017

Power up: BP, Reliance closing in on gas field near missile site

Reliance and BP are preparing a new development plan for gas-rich NEC-25 block in the Mahanadi basin.

Sep 8, 2017

NBCC may lend a hand to 32,000 Jaypee home buyers

If the deal fructifies it could save about 32,000 home buyers who invested their money to buy homes.

Sep 8, 2017

Uber taxis petrol-bombed in South Africa

A feud between Uber drivers and metered taxi drivers turned the streets of Johannesburgs most affluent neighbourhoods into a battleground on Thursday evening, 7 September.

Sep 8, 2017

SEBI slaps Rs 2,423 crore fine on PACL and its four directors

The four directors were asked to jointly and severally deposit the penalty amount within 45 days.

Sep 8, 2017

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DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

OYO gets Rs 1,600 crore in fresh round of funding led by SoftBank

The company's unique business model and vision for the hospitality industry boosted investor confidence: Ritesh Agarwal

Sep 7, 2017

Reliance Jio subscriber base has surpassed 130 million: Mukesh Ambani

The telecom operator added 29 million new subscribers in last one month, propelled because of highest number of customer addition (29 million) in a month. Out of this 29 million, Jio alone added 19.63 million subscribers.

Sep 7, 2017

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

Tightening laces: Adidas might trim employees in India by 25 percent

This comes right after its rival Nike sacked about 20 percent of its employees in India last week.

Sep 7, 2017

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All new Jaguar Land Rover cars to have electric option from 2020

Demand for electric models continues to rise sharply and in July, Britain said it would ban the sale of new petrol and diesel cars from 2040 to cut pollution.

Sep 7, 2017