Business news

Turbulence hits Air India as staffer accuses senior management of sexual harassment

The employee of Air India, the national carrier, has accused its senior management of sexual harassment and also said its internal committee set up to look into such issues is a "farce." Civil aviation minister Suresh Prabhu has now asked the company to immediately address the issue.

May 29, 2018

Tamil Nadu closes Vedanta copper smelter permanently after bloody protest

Vedanta has called the closure an "unfortunate development". At least 13 people were killed and several injured during the anti-Sterlite protests on May 22.

May 29, 2018

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Oil prices fall as Russia, US look to boost supplies

The Organization of the Petroleum Exporting Countries (OPEC), as well as other non- Opec countries started reducing supplies last year to boost oil prices, which in 2016 had fallen to under $30 per barrel.

May 28, 2018

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Macro-data, rupee to fuel equity market's trajectory

A reversal in the rupee's trajectory was seen late last week as it strengthened by 23 paise to close at 67.78 against the US dollar. Even domestic fuel prices are expected to fall after the Brent crude cost eased to around $76 from $78 per barrel last Friday.

May 27, 2018

Google, Facebook face over $9 bn in fines

Privacy-advocacy group Noyb.eu said that tech giants such as Facebook and Google are essentially forcing people to adopt a "take it or leave it" approach when it comes to privacy.

May 26, 2018

ICICI Bank, Chanda Kochhar receive notice from Sebi over Videocon loans

ICICI is India's third-biggest lender by assets. It is battling allegations that its chief executive, Chanda Kochhar allegedly favoured Videocon Group in its lending practices.

May 26, 2018

Vedanta sticks with plan to expand Tamil Nadu smelter despite deadly protests

Anti-Sterlite protests in the coastal city of Thoothukudi in Tamil Nadu saw as many as 13 people killed and dozens injured this week.

May 26, 2018

Madras High Court halts expansion of Vedanta's copper smelter after protest killings

Authorities have restricted internet services in at least three districts as protests engulf Tamil Nadu. About ten people have died in the ongoing protests.

May 24, 2018

Vedanta hits over 10-month low as protests against copper plant in Tamil Nadu turn violent

Environmental activists and some local politicians want the government to shut the plant permanently.

May 23, 2018

SoftBank says selling its entire Flipkart stake to Walmart

SoftBank Group Corp has said that it is selling about 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.

May 23, 2018

Government not to sell Air India, if bids are below minimum floor price: Official

Civil Aviation Secretary Rajiv Nayan Choubey said that the government had hired asset and enterprise valuers, who have estimated a minimum floor price or net worth of Air India under the current divestment norms.

May 22, 2018

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SGX to launch Indian derivatives despite legal move by NSE

SGX had responded by saying it would launch successor products to its flagship Indian equity derivative products in June. SGX's shares fell 1.8 percent in late morning trade on Tuesday.

May 22, 2018

Top executives at fraud-hit PNB misled RBI, CBI alleges

PNB, which is India's second-largest state-run bank, had said that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion.

May 22, 2018

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Sensex falls for fifth session; financial, pharma stocks drop

The broader NSE Nifty closed 0.75 percent lower at 10,516.70, while the benchmark BSE Sensex fell 0.67 percent to 34,616.13. The BSE closed at its lowest level since April 25.

May 21, 2018

Three directors quit Fortis Healthcare board amid takeover battle

Fortis Healthcare, which operates about 45 healthcare facilities in India, Dubai, Mauritius and Sri Lanka, has been the target of lengthy takeover tussle involving five suitors.

May 21, 2018

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Business news

Turbulence hits Air India as staffer accuses senior management of sexual harassment

Tamil Nadu closes Vedanta copper smelter permanently after bloody protest

Oil prices fall as Russia, US look to boost supplies

Macro-data, rupee to fuel equity market's trajectory

Google, Facebook face over $9 bn in fines

ICICI Bank, Chanda Kochhar receive notice from Sebi over Videocon loans

Vedanta sticks with plan to expand Tamil Nadu smelter despite deadly protests

Madras High Court halts expansion of Vedanta's copper smelter after protest killings

Vedanta hits over 10-month low as protests against copper plant in Tamil Nadu turn violent

SoftBank says selling its entire Flipkart stake to Walmart

Government not to sell Air India, if bids are below minimum floor price: Official

SGX to launch Indian derivatives despite legal move by NSE

Top executives at fraud-hit PNB misled RBI, CBI alleges

Sensex falls for fifth session; financial, pharma stocks drop

Three directors quit Fortis Healthcare board amid takeover battle

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]