Business news

Singapore Airlines flight to London forced to turn back to Changi after loss of cabin pressure

An SIA A380 en route to London had to return to the airport within 35 minutes of the take-off.

Nov 19, 2018

More job cuts after Flipkart shakeup; Jabong to fire 200 more

A new round of job cuts at Jabong is on the table as the company is merging with Myntra and combining functions from finance, technology, marketing and creative teams.

Nov 19, 2018

Jet Airways cancels 10 flights from Mumbai leaving hundreds stranded, shortage of pilots to blame?

Jet Airways said that the the flights from the Chhatrapati Shivaji Maharaj International Airport had to be cancelled due to "operational issues" and that the passengers had been informed of the same through text messages.

Nov 19, 2018

rbi governor, garima kapoor, elara securities, rbi governor urjit patel, rbi repo rate

Will RBI chief Urijit Patel quit if push comes to shove?

The government wants Patel to yield on key issues including reserves and bank NPAs to re-ignite economic growth, especially of MSMEs.

Nov 19, 2018

crude oil prices, opec, us oil reserve, donald trump and crude oil, donald trump, saudi arabia

Oil prices, foreign fund flows to set course of equity indices

"Investors will continue to watch the movement of rupee, crude oil prices and foreign fund flows," said SMC Investments & Advisors Chairman and Managing Director D.K. Aggarwal.

Nov 18, 2018

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

rbi mpc meeting, rbi repo rate, rbi governor urjit patel, rbi deputy governor, rbi slr, rbi growth rate projection

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