Business news

Market on tenterhooks as Sitharaman begins speech presenting Union Budget 2019

Sectoral indices of banks, auto, FMCG, and realty advance while metals worst hit in a market that is vertically split.

Jul 5, 2019

Sensex recovers its 40,000 level, Nifty at a high before the budget 2019 proceedings

The BSE Sensex is seeing a trading rise of 119 points while Nifty50 has gained about 31 points since the morning.

Jul 5, 2019

Infosys pays salary hike to 15% senior employees after 3-month delay

Not everyone received the increment. Sources said that delivery managers and other senior executives have received a three–five per cent hike while many others were deferred.

Jul 4, 2019

Will former defence minister's first budget set right defence outlay anomaly?

As a former defence minister, Finance Minister Nirmala Sitharaman is expected to realise how Rs 3.05-lakh crore allocation in interim budget in actual terms meant a reduction in the outlay amid worsening geopolitical tensions

Jul 4, 2019

Apple cuts ties with L&T Infotech over mistrust in documentation, procedural lapses

USCIS and Apple have both denied giving any information about the proceedings on the issue.

Jul 4, 2019

Adani group to operate Ahmedabad, Lucknow, Mangaluru airports

The Adani group has leased out the airports for 50 years, during which it will manage, operate and develop the facilities and infrastructure of the airports.

Jul 4, 2019

Union Budget 2019: What to expect from new finance minister Nirmala Sitharaman

Finance Minister Sitharaman is likely to retain allocations in the interim budget to ministries and departments in her maiden full budget.

Jul 4, 2019

Will Facebook battle Murdoch empire for buying ZEE stake from Subhas Chandra?

Mark Zuckerberg-led Facebook sends feelers to buy ZEE stake while Murdoch-backed Comcast-led consortium with Blackstone tie-up begin due diligence to buy a stake in ZEE from Subhash Chandra

Jul 4, 2019

NBFC crisis: RBI may get more teeth to regulate HFCs, review assets

Interestingly, housing finance companies in India are regulated by the National Housing Board and the RBI does not have direct authority over them.

Jul 4, 2019

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Kalpataru to sell assets worth Rs 3,275 crore to CLP India

Kalpataru estimates that the debt at the assets during commissioning will be about Rs 2,000 crore. The two companies share a vision to invest only in low carbon, clean energy portfolio in India.

Jul 3, 2019

Lee Iacocca, management guru and author (1924-2019)

Who was Lee Iacocca? Management icon and the father of Ford Mustang dies aged 94

Lee Iacocca, the author of several celebrated management books, was credited with resurrecting Chrysler from dead and starring in a series of 'if you can find a better car buy it' ads

Jul 3, 2019

Interview: Taylor Ogle, the man behind the success of fitness brand NFQ

San Diego-based entrepreneur Taylor Ogle says that he founded NFQ while living in his military dorm room.

Jul 3, 2019

Ola electric raises $250 mn from SoftBank, valuation close to $1 bn

SoftBank was allowed to infuse the funds into Ola after the Narendra Modi government asked the companies to electrify their fleet by 2025.

Jul 3, 2019

27% spurt in unclaimed money in banks points to low depositor awareness

Unclaimed funds in bank accounts rose to Rs 14,578 crore in 2018 and the life insurance sector is left with Rs 16,887 crore in unclaimed payments.

Jul 2, 2019

Advantage Reliance Jio as India may keep Chinese giant Huawei out of 5G trials

Market leader Vodafone Idea and Bharti Airtel that use Huawei equipment may be hit if the government decides to keep out the technology leader from China from 5G trials based on US warning.

Jul 2, 2019