Business news

Cash-strapped Jet Airways looks to raise up to $150 million

It has now been a while since Etihad has been approached by Jet Airways chairman Naresh Goyal to put in fresh equity. However, Etihad has made some conditions that are not acceptable to Jet Airways.

Dec 23, 2018

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Baring eyes controlling stake in Mindtree by cornering Siddhartha stake

Bengaluru software services company's promoters weigh investment options from equity ventures and strategic partners.

Dec 23, 2018

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Third straight rout end worst weak for Dow, Nasdaq since 2008 crisis

The Nasdaq and Dow suffered their worst weeks since the start of the global financial crisis as the US-China trade dispute returning to the forefront, and amid continued concerns about the Federal Reserve's plans for interest rate increases.

Dec 22, 2018

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India only destination to register a growth in smartphone sales in future: Report

The sales of the smartphones are likely to grow 12% to 150 million in 2018 as against 134 million in 2017.

Dec 22, 2018

Traders on warpath against commodities exchanges timing revision, risk fee hike

Protest action spreading to more agricultural wholesale markets outside Rajasthan and Gujarat as extended hours set to take effect from Monday

Dec 22, 2018

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Sensex falls nearly 700 points, Nifty cracks below 10,800 amid weak global cues

BSE Sensex settled 689.60 points or 1.89 percent lower at 35,742.07 after touching an intra-day high of 36,483.49 and a low of 35,694.74.

Dec 22, 2018

In another bail out, Modi government seeks fresh capital for cash-strapped Air India

The UPA government in 2012 had announced a 10-year bailout package of up to Rs. 30,000 crore for the cash-strapped airline

Dec 22, 2018

Sterlite Copper seeks fresh renewal of license from Tamil Nadu govt

The National Green Tribunal has given three weeks for the Tamil Nadu government to give the approvals.

Dec 21, 2018

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Decks cleared for Rs 4,022 crore ONGC share buyback

The government hopes to rake in Rs 2,640 crore by tendering part of its 65.64 per cent stake in the company.

Dec 21, 2018

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Sensex cracks over 400 pts, Nifty drops below 10,900 amid negative global cues

Negative global cues amid fears of a potential US government shutdown and rising tension between the US and China, too, weighed on investor sentiment.

Dec 21, 2018

India unlikely to hit Huawei with 5G import ban despite US spyware worries

With only a handful of capital responding to Washington worries, New Delhi goes with Europe for stringent testing standards.

Dec 21, 2018

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Start-ups get respite but worries persist about 'angel' tax confusion

Entrepreneurs hope CBDT will clarify the situation in a circular and bring some finality to the issue.

Dec 21, 2018

Gold prices steady as Fed's hint at 'some' hikes in 2019

Gold prices steadied on Thursday, after shedding half a percent in the previous session as the US Federal Reserve delivered a less-dovish outlook on monetary tightening than many had expected.

Dec 21, 2018

Swiggy raises $1 billion in largest ever funding round in food tech

The latest round of funding has resulted in Swiggy becoming the fifth most valuable startup in the country with a valuation of $ 3.3 billion.

Dec 20, 2018

Indian regulator orders Johnson & Johnson to stop using talc raw material

Moreover, over 100 samples were also collected from wholesalers, retailers, and distributors across the country which will be further tested to check the presence of any harmful substance.

Dec 20, 2018