Business news

Tesla cuts over 3,000 jobs amid 'extremely difficult challenge,' Musk aims for cheaper Model 3

The job cut is said to be step taken by Tesla in a bid to increase the production of Model 3 and bring down its cost. The cheapest version of the Model 3 currently sells for about $45,000 and Tesla plans to bring down the figure to $35,000.

Jan 19, 2019

wipro ceo Abidali Neemuchwala, wipro q4 results, wipro share price, wipro q4 it revenue, wipro q1 revenue guidance

Wipro third quarter net profit rises 30%, beating estimates

On a further positive note, the Bengaluru-headquartered software giant forecast higher sequential revenue in the next quarter.

Jan 18, 2019

Goyal family, Etihad at odds over Jet rescue plan

Goyal wants at least a 25% stake in reconstituted Jet equity; Goyal and Etihad seek Sebi exemption from takeover code violation

Jan 18, 2019

Sensex weekly gain at 378 pts; Reliance up 4.5% on day, Sun Pharma down 9%

Sun Pharma was the top loser, cracking 8.58 percent, on reports of fresh allegations by a whistleblower against the company.

Jan 18, 2019

Sun Pharma shares tank 12% as whistleblower sends fresh complaint to Sebi

The fresh whistleblower complaint pertains to the investments made by Sun Pharma co-promoter Sudhir Valia.

Jan 18, 2019

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Jet shares turn volatile over Etihad offer reports while proposals include dilution of Goyal's equity and seats for lenders on the company's board.

Jan 17, 2019

Mindtree tempers earnings commentary even as profits jump 35%

IT company Mindtree's revenues rise 29.7 per cent amid suggesting the firm has diversified its client base that will help improve the earnings in the final quarter.

Jan 17, 2019

SBI to sell Essar Steel bad loan worth Rs 15,431 crore as insolvency case drags on

SBI is the largest lender to Essar Steel, which has run up a mammoth debt of Rs 49,000 crore.

Jan 16, 2019

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Reliance Industries joins blockchain platform VAKT in digital push

Oil majors such as Chevron and Total have also joined London-based Vakt, one of the early blockchain pilot schemes for commodities trading.

Jan 16, 2019

Flipkart and Amazon seek more time to comply with revised e-commerce policy

The US-India Strategic Partnership Forum had also raised its concern over the rules and had said that it would hamper the FDI inflow in the country.

Jan 16, 2019

Large borrowers defaults fall sharply after RBI orders 1-day default norm

RBI data show the defaulted loans fell more than 60 per cent to Rs 55,070 crore on September 30, 2018, from Rs 1.53 lakh crore on June 30, 2018.

Jan 16, 2019

Emirati tycoon Al Habtoor offers to buy Leela hotel chain

In a letter to Arun Jaitley, Rashid Al Habtoor has offered to clear the debts of Leela Group of Hotels to SBI and private lenders and make a public offer to buy shares.

Jan 16, 2019

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Etihad, which owns 24 per cent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout.

Jan 16, 2019

Cheer for Vodafone Idea employees; salaries to be raised first time after 2017

The employees of Idea Cellular and Vodafone have not been given salary corrections since 2017 amid deliberations taking place for the merger of the two companies

Jan 16, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

The SBI-approved proposal seeks lenders to recast the private airline's debt and increase foreign partner's equity participation.

Jan 15, 2019

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Business news

Tesla cuts over 3,000 jobs amid 'extremely difficult challenge,' Musk aims for cheaper Model 3

Wipro third quarter net profit rises 30%, beating estimates

Goyal family, Etihad at odds over Jet rescue plan

Sensex weekly gain at 378 pts; Reliance up 4.5% on day, Sun Pharma down 9%

Sun Pharma shares tank 12% as whistleblower sends fresh complaint to Sebi

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Mindtree tempers earnings commentary even as profits jump 35%

SBI to sell Essar Steel bad loan worth Rs 15,431 crore as insolvency case drags on

Reliance Industries joins blockchain platform VAKT in digital push

Flipkart and Amazon seek more time to comply with revised e-commerce policy

Large borrowers defaults fall sharply after RBI orders 1-day default norm

Emirati tycoon Al Habtoor offers to buy Leela hotel chain

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Cheer for Vodafone Idea employees; salaries to be raised first time after 2017

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

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]