Business news

Gold stabilises as dollar pulls back from 13-month high

Gold prices traded steady on Tuesday, but hovered close to an 18-month low, as the US dollar pared gains after posting a 13-month high in the previous session.

Aug 14, 2018

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Rupee hits a new low at 69.62 per dollar amid political crisis in Turkey

The Indian currency hit a record low as the political-economic crisis in Turkey creates panic.

Aug 13, 2018

Saudi Arabian PIF 'reluctant' for Tesla buyout proposal

While Tesla's CEO, Elon Musk is said to have made an offer of $72 million, there are still no takers to make the company private.

Aug 12, 2018

Satya Nadella offloads $35.9 million in Microsoft stock; biggest sale in his tenure as CEO

Microsoft CEO Satya Nadella, whose annual base salary last year was $1.45 million and total compensation exceeded $20 million, is required to have 15 times his base salary in stock.

Aug 11, 2018

State Bank of India Q1 loss at Rs 4,876 crore on higher provisioning for NPAs

The country's largest lender's NPAs during the quarter in review rose to 10.69 percent of its total advances, as compared to 9.97 percent in the same period a year ago.

Aug 11, 2018

Swedish furniture giant IKEA opens store in India with shocking sales record in just 2 days

The Swedish furniture giant has opened its first store India at Hyderabad. The day-1 and day-2 sales are just mindblowing.

Aug 11, 2018

Hefty discounts by e-commerce players likely to attract CCI regulatory probe

The Competition Commission of India while clearing the Walmart-Flipkart deal denounced the heavy discount offered by these companies.

Aug 10, 2018

Rupee predicted to trade at 68.22 per dollar in a year; will hit a major low

The battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets, a Reuters poll found.

Aug 10, 2018

Walmart-Flipkart deal to fetch Narendra Modi-led govt Rs 13,000 crore in tax?

Walmart executives had a meeting with senior income tax officials and assured them that the company will comply with all the rules and regulations.

Aug 10, 2018

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Jet Airways needs Rs 3,500 crore immediately to keep flying - Report

Jet Airways has debunked rumours of pay cut and job losses but the shares have been on free fall. Meanwhile a new report says the carrier needs a huge cash infusion immediately to stay afloat.

Aug 10, 2018

Over 17,000 jobs at risk as UK's retail giant House of Fraser goes into administration

The fate of 169-year-old House of Fraser, which employs 17,500 people, was sealed when C.banner, a Chinese company, pulled out of a deal to pump in money in the business. Here are four things that went wrong for the retail giant.

Aug 10, 2018

Continental to create 2,000 jobs as India's automobile industry hits the fast lane

The Indian automobile industry is currently the fourth largest in the world with sales increasing 9.5 percent year-on-year. The market trends indicate the upbeat will continue for the next couple of years.

Aug 10, 2018

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State govts get nutritional cushion; Centre to sell pulses at discounted rates through PDS

Pulses like tur, chana, moong, masoor and urad will be sold at a discounted price of Rs 15 per kg over current wholesale prices.

Aug 10, 2018

Jet Airways' Naresh Goyal apologises to shareholders for losses and plummeting shares in glum Q1

Naresh Goyal, the chairman and founder, spoke to the company's shareholders during the annual general meeting and said that he was unhappy as a lot of shareholders had lost their money amid Jet Airways' financial issues.

Aug 10, 2018

Bhushan Steel ex MD Neeraj Singhal arrested for siphoning funds worth Rs 2,000 cr

The investigating team stated that the ex-MD was guilty under Companies Act, 2013.

Aug 10, 2018

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Business news

Gold stabilises as dollar pulls back from 13-month high

Rupee hits a new low at 69.62 per dollar amid political crisis in Turkey

Saudi Arabian PIF 'reluctant' for Tesla buyout proposal

Satya Nadella offloads $35.9 million in Microsoft stock; biggest sale in his tenure as CEO

State Bank of India Q1 loss at Rs 4,876 crore on higher provisioning for NPAs

Swedish furniture giant IKEA opens store in India with shocking sales record in just 2 days

Hefty discounts by e-commerce players likely to attract CCI regulatory probe

Rupee predicted to trade at 68.22 per dollar in a year; will hit a major low

Walmart-Flipkart deal to fetch Narendra Modi-led govt Rs 13,000 crore in tax?

Jet Airways needs Rs 3,500 crore immediately to keep flying - Report

Over 17,000 jobs at risk as UK's retail giant House of Fraser goes into administration

Continental to create 2,000 jobs as India's automobile industry hits the fast lane

State govts get nutritional cushion; Centre to sell pulses at discounted rates through PDS

Jet Airways' Naresh Goyal apologises to shareholders for losses and plummeting shares in glum Q1

Bhushan Steel ex MD Neeraj Singhal arrested for siphoning funds worth Rs 2,000 cr

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]