Business news

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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Warren Buffett to invest in Paytm - his first investment in an Indian company

If the deal goes through, it will be Buffet's first direct investment in India and also his first investment in a privately-held tech company anywhere in the world.

Aug 27, 2018

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Only 5 companies driving stock market; should investors worry?

TCS, which is the first Indian tech company to hit the $100 billion mark, has contributed 35 per cent of the rise in the NSE this year.

Aug 26, 2018

Elon Musk cancels plans to take Tesla private; plan cancelled after board meeting

This decision comes after Musk had tweeted that he wanted to take the company private.

Aug 25, 2018

Infosys hires 4,700 American employees after opening innovation hub in North Carolina

The hub will train, upskill and reskill Infosys and client employees, in the technologies required to help American businesses accelerate their digital transformations.

Aug 23, 2018

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Indian equity markets open high despite quiet Asian market

The markets remained closed on Wednesday on account of Eid-al-Adha celebrations.

Aug 23, 2018

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Indian Oil Corporation to invest Rs 37,000 cr in Tamil Nadu

Indian Oil Corporation will invest Rs 7,112 crore and the IOC group along with Chennai Petroleum Corporation will be investing Rs 37,112 crore in Tamil Nadu

Aug 22, 2018

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

Money deposited in bank accounts in Luxembourg have come down to $11 million in 2017 from $29 million in 2013. In Jersey, the deposits decreased by 17.6 per cent from $261 million in 2013 to $215 million in 2017.

Aug 22, 2018

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Business news

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

Warren Buffett to invest in Paytm - his first investment in an Indian company

Only 5 companies driving stock market; should investors worry?

Elon Musk cancels plans to take Tesla private; plan cancelled after board meeting

Infosys hires 4,700 American employees after opening innovation hub in North Carolina

Indian equity markets open high despite quiet Asian market

Indian Oil Corporation to invest Rs 37,000 cr in Tamil Nadu

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

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]