Business news

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PM Modi stacks RBI board with allies to turn heat up on governor Urijit Patel

Now stacked with government nominees who can be counted on to support the administration, the board is being transformed from having a passive advisory role into a body that can exert pressure for policy change.

Nov 18, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Uncertain week ahead as domestic, global uncertainties persist

The week ahead is expected to see much caution as RBI board meeting promises some fireworks over government's differences with Urjit Patel

Nov 18, 2018

Sebi mulls steps to cut commodities trading costs

The key regulator of the country's commodities futures markets is holding discussions with stakeholders to reduce the high cost of trading.

Nov 18, 2018

Australia takes India to WTO over bitter sugar dispute

Canberra says it took up the matter of sugar subsidies with Indian officials but failed to get a favourable response following which it is approaching WTO

Nov 18, 2018

Bansal exit aftershock: Flipkart to speed up hiring for top executives

The Walmart owned company would be looking for talents in multiple domains that include supply chain management, technology, marketing, human resources, and product.

Nov 18, 2018

Facebook investors want Mark Zuckerberg to resign: Report

As a fallout of the report, Facebook stocks fell 3 per cent on Friday to $139.53, the lowest since April 2017.

Nov 17, 2018

Hyundai Antirust Violation case: Supreme Court stays Rs 420.26 crore penalty by CCI

The defense argued that in other similar appeals, the apex court had also granted interim relief against the impugned directions.

Nov 17, 2018

Reliance pips TCS to become most-valued firm on D-Street

At the end of trade on the BSE, RIL's market capitalisation was Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore.

Nov 17, 2018

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S Gurumurthy's comments set the tone for heated debate in RBI meeting

RBI board meeting on Monday is likely to see heated debates as the govt appears to be bent on forcing the RBI to change banks' provisioning requirements.

Nov 16, 2018

When will IKEA open its doors in Bengaluru and Mumbai?

Nearly 40,000 people visited IKEA's first India store in Hyderabad on its opening day. The overwhelming response is also expected in the next two stores in Bengaluru and Mumbai. But, when will the stores open?

Nov 16, 2018

Senior Flipkart executives in job hunt overdrive after Binny Bansal's exit

While Delhi-based placement firm GlobalHunt got 10 resumes from Flipkart executives, Bengaluru-based Head Hunters has also intimated discussions with a handful of executive, ET reported.

Nov 16, 2018

OYO announces former IndiGo boss Aditya Ghosh as South Asia CEO

The company said he will report to Ritesh Agarwal, founder and Group CEO, OYO Hotels and Homes.

Nov 16, 2018

Tata Sons plans to de-board Air Asia joint venture, focus on Jet Airways

If Air Asia losses Tata Sons as a partner, it would be a tough road ahead for Air Asia in finding a buyer.

Nov 16, 2018

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Gold falls on muted demand; silver steady amid appreciating rupee

Traders said fall in demand from local jewellers as well as retailers largely dragged down gold prices, but a firm trend overseas, capped the fall.

Nov 16, 2018

Bansal exit aftershock: Massive Jabong staff layoff likely after Myntra merger

Aftershocks of Flipkart Group CEO Bansal exit continue to rock the group with more resignations and likely layoff of Jabong staff after Myntra merger.

Nov 16, 2018