Business news

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Airfares rise steeply as trouble-hit Jet Airways and IndiGo cut capacity

Tickets booked well in advance are also inching north due to capacity constraints.Key metro routes such as Delhi-Mumbai and Delhi-Bengaluru have faced the major brunt of the reduced capacity.

Mar 11, 2019

Jet bailout plan: Naresh Goyal to dilute his stakes to 17%, lenders to hold 30%

Notably, Jet has already grounded its 40 per cent of its fleet along with cancelling hundreds of flights across routes.

Mar 10, 2019

ArcelorMittal's Rs 42,000-crore offer for Essar Steel faces more hurdles

Ruias may approach the appellate tribunal pushing the case of their Rs 54,389-crore debt resolution plan that lost to ArcelorMittal's offer

Mar 9, 2019

Nirav Modi spotted in London, living in £8 million flat and has started new diamond business

Revealing Modi's whereabouts, Telegraph UK released a video on March 9, in which the fugitive businessman can be seen strolling on the streets of London sporting a handle-bar moustache and a jacket by Ostrich Hide, said to cost "at least £10,000."

Mar 9, 2019

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Ride-hailing Ola in talks with Hyundai to raise $250 million

Apart from Hyundai which is participating in this round of capital infusion, Flipkart co-founder Sachin Bansal and Hong Kong-based hedge fund Steadview Capital have already committed for their investment.

Mar 8, 2019

Nirav Modi's Rs 100 crore seaside bungalow in Alibaug demolished [Watch]

The accused in the Rs 1,300 crore PNB scam had earlier asked the Bombay High Court to rule against the demolition as it was part of the properties attached by ED.

Mar 8, 2019

4th Mitsubishi Electric Cup concludes with innovation and felicitation at Faridabad

'D.K.T.E. Society's Textile & Engineering Institute, ICHALKARANJI'' became the Gold Cup winners of 4th Mitsubishi Electric Cup.

Mar 8, 2019

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Startups cheer as rule changes ease path for receiving new investments

CBDT clarifies relief like an increase in the limit to Rs 25 crore and raising of benefit period to 10 years will be available from February 19

Mar 8, 2019

UK firms hold off on permanent hires as Brexit nears: Survey

British employers held off from hiring permanent staff in February, adding to signs of growing nerves ahead of Brexit in the country's otherwise strong labour market, a survey of recruiters showed on Friday.

Mar 8, 2019

Government completely bans import of solid plastic waste to fight pollution

It is to be noted that China had banned such imports a few years ago, in the meanwhile India became one of the largest importers of plastic waste

Mar 7, 2019

Reliance Foundation dedicates Dhirubhai Ambani Square to Mumbaikars

'The Dhirubhai Ambani Square and the Jio World Centre fulfil the vision of a great son of India'

Mar 7, 2019

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ED may recover 'fraudulently gained' wealth from Chanda Kochhar and family

Investigation allegedly reveals funds that ICICI Bank sanctioned to Videocon group were routed to husband Deepak Kochhar's firms.

Mar 7, 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.

Mukesh Ambani's e-commerce foray: Shoppers hope for high-volt Diwali fireworks

E-commerce industry relishes the prospect of intense competition with Reliance Retail's entry into the market space already lit up by the intense rivalry between Amazon and Flipkart.

Mar 7, 2019

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FIIs inject $2.37 billion in equity market in Feb, highest in 15 months

One of the major reasons attributed to a buying spree by FIIs is the increased expectations of a rate cut by the apex bank in its next monetary policy committee (MPC) meeting that is scheduled on April 4.

Mar 7, 2019

Mukesh Ambani at 13th on global rich list, will the Reliance Industries chairman have world's richest title?

A 100% rally in Reliance's stock and a substantial decline in Amazon founder Jeff Bezos wealth, following divorce with wife MacKenzie, could make Ambani the richest person in the world.

Mar 6, 2019