Business news

Apple lays off 200 employees from its autonomous vehicle project

The Cupertino-based tech giant is said to have taken the step as part of its restructuring plans for the unit. Apart from the 200 employees, there are many others who will be moved to various other units within Apple.

Jan 25, 2019

RCom sinks deeper into the red as net loss widens to Rs 238 crore in Q3

A marginal rise in Q3 total income to Rs 1,083 crore from the preceding quarter's Rs 1,014 crore fails to buoy the bottom line

Jan 24, 2019

IndiGo shares soar with Q3 revenue report despite profit plunge

India's largest airline acknowledges fuel and currency turbulence as revenue rises to Rs 7,916 year on year as profit after tax falls 75%.

Jan 24, 2019

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Merger of Jet Airways and Air India will save both, but will be bad for flyers

If the two full service carriers were to merge, both could do away with suicidal discounting. A rationlisation of ticketing will be a crucial part of the turnaround of both the airlines.

Jan 24, 2019

Oracle pay bias lawsuit: Tech giant underpaid thousands of women, black and Asian employees

The United States Department of Labor has accused Oracle of underpaying more than 5,000 women employees with disparity recorded at about 20 percent and said that over 11,000 Asians too were paid 8 percent lesser than the other workers.

Jan 24, 2019

ITC drags markets; Sensex ends 336 points lower

The Indian rupee gains 17 paise to trade at 71.27 against the US dollar, providing some support to the overall dismal sentiment.

Jan 23, 2019

ITC posts 3.84% growth in third quarter, shares slide 4.75%

ITC third quarter results were better than the analysts' estimates, according to Reuters Refinitiv Eikon data.

Jan 23, 2019

Essar Steel bankruptcy row clouds India's FDI push

ArcelorMittal says the inability to apply the law correctly would blemish the nation's standing as a rising investment destination.

Jan 23, 2019

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Halwa Ceremony: Budget makers enjoy their sweets, will you get yours on Feb 1?

The Halwa ceremony marks the beginning of the budget printing at the finance ministry. After the sweets, the top officials are locked in North Block basement.

Jan 22, 2019

Asian markets outside Japan trade lower on 21 November

Global Markets: Asian shares, US stock futures dented by growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, drifting away from a recent seven-week top.

Jan 22, 2019

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Kotak Mahindra Bank Q3 net rises 23%, marks fastest pace in 6 quarters

Kotak Mahindra Bank's ledgers were helped by higher interest income as well as write-back of provisions.

Jan 21, 2019

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CCD aficionados await a better brew after Siddhartha's MindTree pullout

A restructuring could help coffee chain focus on core business and expand to new geographies boosting share price discovery.

Jan 21, 2019

L&T's Rs 9,000 crore mega share buyback plan hits Sebi compliance hurdle

L&T sought the regulatory nod for the share buyback in compliance with the required debt-equity ratio on the basis of its standalone financial statements.

Jan 20, 2019

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Budget expectations, Q3 results to guide Indian equities

The NSE Midcap Index has closed at a five-week low and is beginning to witness broad-based selling. Nifty on the other hand has been able to eke out gains based on a select few bluechip stocks.

Jan 20, 2019

China set to post slowest growth in 28 years in 2018, more stimulus seen

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Jan 20, 2019