Business news

Jet Airways threatened with bankruptcy proceedings

Jet Airways pilots heave sigh of relief as Korean Air comes to town with job offers

Korean Air is looking to hire at least 300 pilots of all ranks to fly their Boeing 777-300s.

May 24, 2019

Ola suspends Foodpanda delivery, fires employees

This is the second failure for Ola in the food delivery business. The company had launched Ola Café in 2015 but closed its operations within a year.

May 22, 2019

Only 27% Indians covered by health insurance: Report

Health insurance scams: Will new law give customers rational, economical cover?

Insurance regulator seeks to formulate more inclusive norms that will enlarge coverage and reduce exclusions without penalising the customers.

May 21, 2019

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Will consumption slowdown impact Indian economy?

A look at the historic performance of the FMCG sector (or consumer staples) reveals that it has been the silent star performer of the Indian equities market.

May 21, 2019

Nifty hits all-time high of 11,883 points on May 21 and Sensex 39,571

Sensex may hit 40,000 on election results day; indices hit all-time highs

Momentum from exit polls predicting Prime Minister Modi's return to power continues to push the market up even though volatility worries persist ahead of the counting day on Thursday

May 21, 2019

Sensex gains 100 points, Nifty over 11,850 as markets extend rally to 4th day

Sensex traded 126.99 points - or 0.32 per cent - higher at 39,479.66 while the Nifty was up 29.50 points - or 0.25 per cent - at 11,857.75.

May 21, 2019

Ford Motor to cut 7,000 white-collar jobs as part of global restructuring

Ford CEO Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the US.

May 21, 2019

Has PM Modi-led BJP exorcised ghosts of Vajpayee-led 2004 'India Shining' campaign?

The exit polls predict that the NDA could win between 267 and 354 seats in the 543-member Lok Sabha.

May 20, 2019

Ashok Leyland ready to ride on Elon Musk's India dream

Tesla was expected to enter India with the Model 3 that sells for nearly $35,000. In 2015, Prime Minister Narendra Modi had also visited Tesla headquarters at Palo Alto, the US.

May 20, 2019

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Market's exit poll boost could bring the bulls back if Nifty closes above 11,750

Volatility could return in days ahead within the Nifty consolidation range of 11,550-11,850 during the government-forming days; realty, PSU banks may gain further.

May 20, 2019

Sensex, Nifty hit record highs after exit polls predict sweeping victory by BJP

The S&P BSE Sensex jumped 1,032 points at 38,963 while the Nifty 50 climbed 308 points to 11,715 on Monday.

May 20, 2019

Amazon offers domestic flight bookings in India, promises no cancellation fee

Amazon will not levy additional charges for booking tickets and those who book the tickets through the portal can avail offers and cashback options.

May 20, 2019

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E-commerce policy confusion: Tech giants put their investment plans on hold

The industry raised its concerns over the draft policy released in February especially on the data-localisation which eventually would raise the operating cost of the e-commerce companies.

May 19, 2019

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Walmarts' profit erodes amid investment in Flipkart

Walmart's International operating income tanked 38% in constant currency terms and 42% on a reported basis.

May 18, 2019

#BoycottAmazon trends on Twitter over door mats, shower curtains featuring Hindu deities

Social media users have also tweeted to External Affairs Minister Sushma Swaraj asking her to take action to put an end to these products. They are being sold on the Amazon US app.

May 17, 2019

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