Business news

MacKenzie Bezos pledges to donate half her $36 billion fortune to charity

MacKenzie's decision follows the movement founded by billionaires Warren Buffett and Bill and Melinda Gates.

May 29, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba plans to raise $20 billion in Hong Kong listing

Alibaba is considering to raise as much as $20 billion through a secondary listing in Hong Kong, lining up a second blockbuster deal, following its 2014 $25 billion float in New York.

May 28, 2019

BJP 2.0 and markets: Investors with long-term view to reap great returns

After BJP's triumph in the Lok Sabha elections 2019, the market has given initial reaction to the political outcome and it may last for another couple of days.

May 27, 2019

Will proposed reforms in gold trade make buying of the yellow metal difficult?

Law changes will make online transaction mandatory for buying more than 5 grams of gold in the spot market; government plans to revamp the gold monetisation scheme (GMS) to make it more people friendly.

May 26, 2019

Market may pause for clarity on Modi 2.0 policy direction before resuming rally

A volatile week of Lok Sabha election results pushed Sensex to an all-time high of 40,124 points and Nifty 12,041, revealing the market's confidence in the incoming government; market awaits the return of FIIs for the next big rally

May 26, 2019

Jet Airways threatened with bankruptcy proceedings

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019

IL&FS-led crisis drives RBI to push for stress testing NBFCs liquidity quality

New norms seek to ensure that NBFCs will have contingency funding plans for responding to financial disruption

May 26, 2019

Arun Jaitley unlikely to remain finance minister in PM Modi's new term: Sources

The sources said that Jaitley, 66, is unlikely to take up any offer to continue in the top job steering Asia's third-largest economy as his health has deteriorated over the past few months.

May 25, 2019

Jet Airways pilots heave sigh of relief as Korean Air comes to town with job offers

Korean Air is looking to hire at least 300 pilots of all ranks to fly their Boeing 777-300s.

May 24, 2019

Ola suspends Foodpanda delivery, fires employees

This is the second failure for Ola in the food delivery business. The company had launched Ola Café in 2015 but closed its operations within a year.

May 22, 2019

Only 27% Indians covered by health insurance: Report

Health insurance scams: Will new law give customers rational, economical cover?

Insurance regulator seeks to formulate more inclusive norms that will enlarge coverage and reduce exclusions without penalising the customers.

May 21, 2019

inflation, retail inflation, inflation for march 2017, india news, indian economy

Will consumption slowdown impact Indian economy?

A look at the historic performance of the FMCG sector (or consumer staples) reveals that it has been the silent star performer of the Indian equities market.

May 21, 2019

Nifty hits all-time high of 11,883 points on May 21 and Sensex 39,571

Sensex may hit 40,000 on election results day; indices hit all-time highs

Momentum from exit polls predicting Prime Minister Modi's return to power continues to push the market up even though volatility worries persist ahead of the counting day on Thursday

May 21, 2019

Sensex gains 100 points, Nifty over 11,850 as markets extend rally to 4th day

Sensex traded 126.99 points - or 0.32 per cent - higher at 39,479.66 while the Nifty was up 29.50 points - or 0.25 per cent - at 11,857.75.

May 21, 2019

Ford Motor to cut 7,000 white-collar jobs as part of global restructuring

Ford CEO Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the US.

May 21, 2019