Business news

ICICI Bank board asks investigators to probe all deals by Chanda Kochhar and family

The whistleblowers claim that Chanda Kochhar was on the bank's credit committee and was aware of the issue that sanctioned proceeds of Rs 3,250 crore loan to the Videocon Group in 2012.

Sep 3, 2018

OYO likely to get backing from Chinese giant Didi Chuxing

OYO, the hospitality service and budget hotel network, was under the final stages of a new $800 million- $1 billion financing round, which will eventually split its India and China operations for the purpose of finance.

Sep 3, 2018

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Fuel price hike: Petrol rates hits all-time high of Rs 86.25 per litre in Mumbai

Officials said the spike in rates is on account of exchange rate falling to a record Rs 71 to a dollar, depreciating by Rs 2.5 in a month. Also, crude oil has gained $7 a barrel in a fortnight, driven by fears that the US sanctions on Iran will likely contract supplies.

Sep 3, 2018

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Mehul Choksi is at present based in the Caribbean nation of Antigua and India has sought his extradition from that country.

Sep 2, 2018

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Airtel to lose position as top telecom firm in India after 15 years; what is its future?

Vodafone-Idea will soon be the biggest telecom company in India on the basis of subscribers and revenue share.

Aug 31, 2018

Walmart has just one week to pay taxes from Flipkart deal: Income Tax Department

The estimated tax arising out of the deal is expected to be around $2 billion, which is more than 10 per cent of the transaction value.

Aug 31, 2018

Vodafone-Idea merger cleared: How will the new entity compete against Airtel, Jio in India's 4G war?

The new company will become the country's largest telecom operator with revenues of more than Rs 80,000 crore and more than 40 crore customers, subscriber market share of 35 per cent and revenue market share of 41 per cent.

Aug 31, 2018

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Production of onion, potato and tomato falls marginally in 2017-18: Agriculture ministry

The total area under horticulture crops is also up by 3.26 per cent at 25.66 million hectares (mha) from 24.85 mha in 2016-17

Aug 30, 2018

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Recently, Jet Airways had announced a net loss of whopping Rs. 1,323 crore for the quarter ended in June due to higher crude oil price, depreciating rupee and competitive fares.

Aug 29, 2018

Uber e-bikes: Shorter rides, more earnings

Dara Khosrowshahi, Uber CEO said that it is difficult plus time taking for cars to go inside the narrow streets of a city and that is where the demand for electric bikes occur.

Aug 29, 2018

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Business news

ICICI Bank board asks investigators to probe all deals by Chanda Kochhar and family

OYO likely to get backing from Chinese giant Didi Chuxing

Fuel price hike: Petrol rates hits all-time high of Rs 86.25 per litre in Mumbai

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Airtel to lose position as top telecom firm in India after 15 years; what is its future?

Walmart has just one week to pay taxes from Flipkart deal: Income Tax Department

Vodafone-Idea merger cleared: How will the new entity compete against Airtel, Jio in India's 4G war?

Production of onion, potato and tomato falls marginally in 2017-18: Agriculture ministry

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Uber e-bikes: Shorter rides, more earnings

Toyota to team up with Uber to develop driverless car; invests $500m in taxi aggregator

Cash-strapped Jet Airways reports net loss of Rs 1,323 crore

Rupee rebounds 20 paise against US dollar

Chinese e-commerce giant Alibaba 'ready' for trade war with United States?

Reliance Jio surges ahead of Vodafone, becomes India's second-largest telco by revenue