Business news

Reliance Jio subscriber base has surpassed 130 million: Mukesh Ambani

The telecom operator added 29 million new subscribers in last one month, propelled because of highest number of customer addition (29 million) in a month. Out of this 29 million, Jio alone added 19.63 million subscribers.

Sep 7, 2017

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

Tightening laces: Adidas might trim employees in India by 25 percent

This comes right after its rival Nike sacked about 20 percent of its employees in India last week.

Sep 7, 2017

jaguar-land-rover-ltd-unveiled-the-2014-range-rover-sport-at-the-2013-new-york-auto-show

All new Jaguar Land Rover cars to have electric option from 2020

Demand for electric models continues to rise sharply and in July, Britain said it would ban the sale of new petrol and diesel cars from 2040 to cut pollution.

Sep 7, 2017

Nusli Wadia writes to SEBI urging action against independent directors of 3 Tata firms

Wadia requested the regulator to conduct a "full and impartial investigation" under listing regulations on the reports submitted by the audit committees of the respective companies.

Sep 7, 2017

Shell company directors to be jailed for 10 years if caught siphoning money

The government has said identification of more shell companies is in progress and efforts are on to find out the "actual beneficiaries and persons".

Sep 7, 2017

Airtel writes to TRAI slamming Jio for its 'false claims'

Airtel in a letter to TRAI has said Jio's assertions were grossly incorrect and done with the purpose of creating policy bias in its favour.

Sep 7, 2017

Essar Oil to pump in Rs 1,625 crore to expand refining capacity in UK

The oil marketing firm aims to increase its refining capacity from 9.09 million tonnes per annum to 9.7 million tonnes by March 2018.

Sep 6, 2017

Pakistan cashing in on Qatar blockade as new trade routes thrive

The state-run conglomerate Milaha said the first vessel will arrive at the newly-inaugurated Hamad Port outside the Qatari capital on September 11.

Sep 6, 2017

Automation could render 7.5 lakh low-skilled Indian workers jobless by 2022

This directs the need for the IT low skilled workers to acquire new skill sets that are market relevant and roles are not under the automation threats.

Sep 6, 2017

If Air India bid fails IndiGo may buy stake in Jet Airways

IndiGo has a greater chance to seal the Air India deal with new foreign direct investment (FDI) policy in place.

Sep 6, 2017

Mark Zuckerberg and other business leaders oppose Trumps order to end DACA

Apple CEO Tim Cook and Googles Sundar Pichai were among those business leaders who expressed support for their co-workers living with a DACA status in the US.Their reactions come in response to US President Donald Trumps order to end the Deferred Action for Childhood Arrivals (DACA) policy. The program gives work permits to people, often called Dreamers, who came to America illegally as children.

Sep 6, 2017