Business news

Hinduja brothers take back top spot in annual UK rich list

British citizens Sri, 83, and Gopi, 79, who are based in London, are two of the four brothers controlling the empire. The two moved to London in 1979 to develop the export business.

May 12, 2019

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Who was YC Deveshwar? The man behind ITC's rise

Deveshwar had joined ITC in 1968. During his tenure, the company changed from merely being a tobacco company to a conglomerate involved in sectors ranging from hospitality, FMCG to IT.

May 11, 2019

Will Etihad's conditions for Jet recapitalisation ground the revival plan?

Etihad Airways has submitted a binding bid on condition that it will remain a minority shareholder and banks will find other funding sources.

May 11, 2019

2 SpiceJet Boeing 737 flights make emergency landing, several passengers stranded

The SpiceJet flight SG 8720 from Bengaluru to New Delhi made an emergency landing at Nagpur airport during the wee hours of Saturday. The aircraft was carrying 152 passengers.

May 11, 2019

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ITC chairman YC Deveshwar passes away at 72: PM Modi, others mourn loss

Renowned businessman and inspirational figure YC Deveshwar passed away Saturday morning.

May 11, 2019

L&T Technology Services share price L&T Technology Services microsoft deal azure systems

L&T's purchase of 26% stake in Mindtree makes hostile takeover a done deal

The construction behemoth can seek a board seat and entry into the promoter group as the largest shareholder in the IT services firm.

May 10, 2019

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State Bank of India receives 2 unsolicited bids for grounded Jet Airways

Jet, once India's largest private airline, stopped all flights on April 17 after its lenders, led by SBI, declined to extend more funds to keep the carrier going.

May 10, 2019

Mukesh Ambani-led Reliance flags global retail push with iconic Hamleys acquisition

Reliance Industries picks up a 100% stake in Hamleys for an undisclosed amount from C Banner International Holdings, a company listed in Hong Kong.

May 10, 2019

Why is Zee stock witnessing so much volatility?

Thursday was a day of relief for Zee Entertainment as its stock surged over eight per cent after the company clarified its stance on the concerns raised over the audit of its financial statements.

May 10, 2019

Markets smell of bears as index future premium shrinks; Nifty teeters on 11,300

Nifty closing below 11,300 on Friday could predict another week of the market slide; Reliance drags down benchmark indices amid selling pressure on energy, telecom, power, metal and oil & gas stocks.

May 9, 2019

Death delaying technologies that increase human lifespan will dominate future: Bank of America

The new report revealed that death delaying technologies could help to increase human lifespan above 100 in the coming years.

May 9, 2019

Embarrassing typo on millions of Australian currency notes leaves Reserve Bank red-faced

The $50 notes were rolled out in October 2018 with a series of new technology to prevent counterfeiting as well as to remain accessible for the visually impaired.

May 9, 2019

Reliance Industries bleeds over rating downgrade, election outcome worries and rupee fall

Morgan Stanley expects the earnings growth of Mukesh Ambani's RIL to halve in FY20, after maintaining 17 per cent compound annual growth rate (CAGR) between FY17 and FY19.

May 9, 2019