Business news

GST rate cut: Real estate sector eyes massive demand spurt

Widening of 'affordable housing' category and rate reduction expected to give a push to Narendra Modi government's 'Housing for All 2022' programme.

Feb 25, 2019

Sebi bans commodities arms of Motilal Oswal, India Infoline from trading

Sebi has directed all clients of the two commodity broking firms to transfer their securities within 45 days to other brokers.

Feb 23, 2019

ING Group sells entire 3% stake in Kotak Mahindra Bank

Dutch financial giant's exit from private lender by offloading 5.8-crore shares in block deal was expected after a partial stake sale last year.

Feb 23, 2019

Ericsson case: Anil Ambani guilty of contempt, directed to pay Rs 453 crore or face 3 months jail

Banks may refuse to release funds to save Anil Ambani jail time

Lenders' boards may not allow RCom's request for releasing Rs 260-crore tax refund held in escrow account for paying off Ericsson after Supreme Court verdict.

Feb 23, 2019

Oyo Hotels enters Japan; announces joint venture with Yahoo

In the last 12-18 months, the Gurugram based company has kicked off its operations in five countries which include India, China, Malaysia, the UK and Nepal.

Feb 22, 2019

Uber Eats close to selling Indian food delivery business to Swiggy

Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday.

Feb 22, 2019

High-profile fugitives: Cautious CBI issues lookout notice for Chanda Kochhar

Enforcement Directorate had earlier registered a money-laundering criminal case against Chanda Kochhar, Deepak Kochhar and Videocon's Venugopal Dhoot.

Feb 22, 2019

Anil Ambani set to exit mutual fund biz with Reliance Capital stake sale

Company invites foreign partner Nippon Life Insurance to acquire entire 43% stake in Reliance Nippon Life Asset Management

Feb 22, 2019

What's Anil Ambani's net worth? Quicksilver erosion of $43 bln over a forgettable decade

Anil Ambani's net worth shrunk from $45 billion to $1.7 billion in 2019 and his flagship company RCom is burdened with Rs 45,000 crore debt.

Feb 21, 2019

Sachin Bansal heads to Ola board with Rs 650 crore investment

Taxi-hailing app company Ola Cabs hopes to use Flipkart co-founder Sachin Bansal's expertise to grow business across verticals and geographies.

Feb 20, 2019

New RBI governor Shaktikanta Das. Photo: Reuters

Banks may resist RBI pressure to cut lending rate despite repo rate reduction

Bankers believe reducing the interest rate on advances without cutting rates on deposit will affect banks' ability to lend more unless SLR or CRR is eased.

Feb 19, 2019

Reliance battles Comcast, Sony for a substantial stake in Zee

Subhash Chandra's Zee Entertainment has several global suitors including Apple, Sony, Comcast and Atairos seeking to buy a controlling stake.

Feb 19, 2019

Social media marketing is the latest buzzword : Rohan Singh

Rohan Singh helps celebrities to use their social media accounts in a more responsible way and also helps them to solve their problems in using social media.

Feb 19, 2019

Honda 'to shut down UK plant,' over 3,500 jobs on the line

The Swindon plant is known to be a busy one with about 100,000 Civic cars being produced for the global market, and shutting it down would mean over 3,500 workers would lose their jobs.

Feb 19, 2019

Johnson & Johnson implant patients question compensation package

In November 2018, the central government had devised a formula and as per that, each affected person was to get a compensation between Rs 20 lakh and Rs 1.22 crore, depending on risk factors, disability and age.

Feb 19, 2019