Business news

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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

India freezes bank accounts of 2 lakh suspected shell companies

Under the order, the owners and their nominated signatories will not be able to operate bank accounts until such companies are legally restored.

Sep 6, 2017

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Conditions apply! Bank bosses tells government on PSBs mergers

Union Finance Minister Arun Jaitley said an alternative mechanism will be in place which is going to facilitate fast-track approvals of consolidations.

Sep 5, 2017

Maruti Suzuki India will go full throttle on electric: R C Bhargava

Bhargava said the company will come with electric vehicles after determining customer preference.

Sep 5, 2017

What is Daca and who are the dreamers?

US President Donald Trump is expected to scrap a program that gives work permits to people who came to America illegally as children. The Obama administration policy protects nearly 800,000 young men and women, often called Dreamers, from deportation and allows them to work legally.

Sep 5, 2017