Business news

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

BENGALURU, IndiaMicrosoft Chief Executive Officer Satya Nadella and Flipkart Group Chief Executive Officer and co-founder Binny Bansal attend a news conference in Bengaluru, India, February 20, 2017. REUTERS/Abhishek N. Chinnappa

Binny Bansal resignation: Did Walmart use it as a ruse to edge the last of founders out?

Since the beginning of the deliberations of majority sale, Walmart wanted one of the co-founders out of the company which has forced Sachin Bansal to resign from all of his responsibilities from the company

Nov 16, 2018

Information czar's retirement clouds Sebi's prospects in tussle with RBI

Central information commissioner's retirement on November 20 has hit Sebi's prospects of getting bank defaulters' data from RBI in the ongoing tussle.

Nov 16, 2018

India's refined copper consumption to double by 2026: Birla Copper CEO JC Laddha

The nation's consumption of the metal is expected to rise to 1.433 million tonnes by 2026 from 650,000 tonnes in 2018, Birla Copper CEO J.C. Laddha told delegates at the Asia Copper Conference in Shanghai.

Nov 15, 2018

Swiggy eyes raising Rs 2,170 crore by key backers' secondary share sales

Food delivery startup Swiggy is planning to raise Rs 6,500 crore of which Rs 2,179 crore is expected to be from second sales of the shares of key promoters.

Nov 15, 2018

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm extortion case: Promoters were pressurising Sonia Dhawan to sell her stake, says lawyer

Sonia Dhawan, Paytm CEO Vijay Sharma's personal assistant and later the Vice-President of Corporate Communications, was arrested last month for extorting money from Sharma.

Nov 15, 2018

Merger of Jet Airways and Tata SIA Airlines on cards as talks pick up pace

It is to be noted that an earlier proposal by Jet Airways for a joint ownership with Tata SIA was rejected as the former wanted an exit for the Goyal family.

Nov 15, 2018

Vodafone Idea posts quarterly loss, to raise $3.5 billion

The results included numbers for Idea Cellular up to August 30 and Vodafone Idea from August 31 to September 30 and were not comparable to earlier periods.

Nov 15, 2018