Business news

OYO likely to get backing from Chinese giant Didi Chuxing

OYO, the hospitality service and budget hotel network, was under the final stages of a new $800 million- $1 billion financing round, which will eventually split its India and China operations for the purpose of finance.

Sep 3, 2018

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Fuel price hike: Petrol rates hits all-time high of Rs 86.25 per litre in Mumbai

Officials said the spike in rates is on account of exchange rate falling to a record Rs 71 to a dollar, depreciating by Rs 2.5 in a month. Also, crude oil has gained $7 a barrel in a fortnight, driven by fears that the US sanctions on Iran will likely contract supplies.

Sep 3, 2018

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Mehul Choksi is at present based in the Caribbean nation of Antigua and India has sought his extradition from that country.

Sep 2, 2018

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Airtel to lose position as top telecom firm in India after 15 years; what is its future?

Vodafone-Idea will soon be the biggest telecom company in India on the basis of subscribers and revenue share.

Aug 31, 2018

Walmart has just one week to pay taxes from Flipkart deal: Income Tax Department

The estimated tax arising out of the deal is expected to be around $2 billion, which is more than 10 per cent of the transaction value.

Aug 31, 2018

Vodafone-Idea merger cleared: How will the new entity compete against Airtel, Jio in India's 4G war?

The new company will become the country's largest telecom operator with revenues of more than Rs 80,000 crore and more than 40 crore customers, subscriber market share of 35 per cent and revenue market share of 41 per cent.

Aug 31, 2018

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Production of onion, potato and tomato falls marginally in 2017-18: Agriculture ministry

The total area under horticulture crops is also up by 3.26 per cent at 25.66 million hectares (mha) from 24.85 mha in 2016-17

Aug 30, 2018

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Recently, Jet Airways had announced a net loss of whopping Rs. 1,323 crore for the quarter ended in June due to higher crude oil price, depreciating rupee and competitive fares.

Aug 29, 2018

Uber e-bikes: Shorter rides, more earnings

Dara Khosrowshahi, Uber CEO said that it is difficult plus time taking for cars to go inside the narrow streets of a city and that is where the demand for electric bikes occur.

Aug 29, 2018

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Toyota to team up with Uber to develop driverless car; invests $500m in taxi aggregator

Interestingly, the deal has valued Uber at $72 billion despite its mounting debts. The current valuation is up by 15 per cent since last investment in the month of May.

Aug 28, 2018

Cash-strapped Jet Airways reports net loss of Rs 1,323 crore

Jet Airways had blamed its quarterly losses on the increase in the price of the aviation fuel and the low airfare.

Aug 28, 2018

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Rupee rebounds 20 paise against US dollar

The rupee recovered to end higher by 20 paise at 69.91 against the US currency on bouts of dollar selling by exporters and corporates.

Aug 28, 2018

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Chinese e-commerce giant Alibaba 'ready' for trade war with United States?

Alibaba said that the e-commerce giant would not face any difficulty in finding other markets for its products if the US becomes a tougher place for business.

Aug 27, 2018

Reliance Jio surges ahead of Vodafone, becomes India's second-largest telco by revenue

Financial data released by the Telecom Regulatory Authority of India (TRAI) showed that Mukesh Ambani-controlled Jio's RMS widened 253 basis points (bps) on-quarter to 22.4 percent at the end of June.

Aug 27, 2018

Who is Prasidha Menon? OYO Hotels appoints its new Head of Communications

Menon with over an experience of 13 years, will be working on driving the reputation of OYO by managing communication and building the brand name.

Aug 27, 2018

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Business news

OYO likely to get backing from Chinese giant Didi Chuxing

Fuel price hike: Petrol rates hits all-time high of Rs 86.25 per litre in Mumbai

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Airtel to lose position as top telecom firm in India after 15 years; what is its future?

Walmart has just one week to pay taxes from Flipkart deal: Income Tax Department

Vodafone-Idea merger cleared: How will the new entity compete against Airtel, Jio in India's 4G war?

Production of onion, potato and tomato falls marginally in 2017-18: Agriculture ministry

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Uber e-bikes: Shorter rides, more earnings

Toyota to team up with Uber to develop driverless car; invests $500m in taxi aggregator

Cash-strapped Jet Airways reports net loss of Rs 1,323 crore

Rupee rebounds 20 paise against US dollar

Chinese e-commerce giant Alibaba 'ready' for trade war with United States?

Reliance Jio surges ahead of Vodafone, becomes India's second-largest telco by revenue

Who is Prasidha Menon? OYO Hotels appoints its new Head of Communications

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]