Business news

Centre to miss the deadline as Air India privatisation to spill into next fiscal year

The government has sweetened the deal by giving prospective suitors flexibility to determine how much of the airline's debt they want to take on as part of the sale, with previous attempts getting cold responses.

Dec 20, 2020

bank, canara bank, can bank, canfin homes, canara bank rights issue, bank stocks

CBI books Hyderabad based Transstory Ltd. for one of biggest bank frauds in India | Details

The fraud at Transstroy (India) Ltd alleged goes more than Rs 7,926 Crore making it the biggest banking fraud in Indian Banking history.

Dec 20, 2020

NRI billionaire Bavaguthu Raghuram Shetty

Once billionaire BR Shetty's company sold for ONE dollar; it used to be worth $2 billion

This is the story about Indian billionaire BR Shetty's company Finablr Plc, which is getting ready to sell its business to an Israeli-UAE consortium for a shocking $1.

Dec 20, 2020

Reliance Industries and BP start gas production from Asia's deepest field

RIL is the lead operator with 66.67% participating interest in the KG-D6 block with BP holding the remaining 33.33%

Dec 18, 2020

Bitcoin hits all-time high, breaches $20,000 mark; bubble burst unlikely

The world's most valuable virtual currency traded 5.6 percent higher to hit $20,600, pushing year-to-date gains to more than 180 percent.

Dec 16, 2020

Make in India: Fiat Chrysler commits Rs 1,100 crore investment for Global Digital Hub in Hyderabad

Fiat Chrysler will create nearly 1,000 new cutting-edge technology jobs by the end of 2021 and it has plans to increase hiring over the next two to three years.

Dec 16, 2020

Nifty, Sensex hit record highs as Burger King nearly doubles in market debut

Indian shares pared some gains after hitting record highs in early trade on Monday, with Burger King India soaring almost 100% in its market debut

Dec 14, 2020

Samsung, Noida, world's biggest smartphone plant,

Samsung ditches China, chooses India for mobile display factory; set to invest Rs 4,825cr

Samsung is committing an investment of Rs 4,825 crore to its NCR production unit, which is expected to create 510 direct jobs in addition to indirect employment opportunities in the state.

Dec 12, 2020

Watch Boston Dynamics new robot dog open doors

Hyundai buys controlling stake in robot-maker Boston Dynamics in $1.1bn deal; what it means

The deal is also expected to allow Hyundai Motor Group and Boston Dynamics to leverage each other's respective strengths in manufacturing, logistics, construction and automation.

Dec 12, 2020

TVS Group changes ownership model; family-owned group to scrap holding company

The present shareholders of the TVS Holding Companies primarily consist of the third and fourth generations of the original founder, T.V. Sundaram Iyengar.

Dec 11, 2020

Genuine concern or vote bank politics: Why Indians must ignore Canada's views on farm bill

It's time that Prime Minister Justin Trudeau is politely reminded of Canada's hypocrisy, in the wake of his very public support to protesting farmers.

Dec 7, 2020

RBI restricts HDFC bank from launching new digital business, issuing credit cards: Here's why

In a statement filed with the exchanges, HDFC bank said, "The above measures shall be considered for lifting upon satisfactory compliance with the major critical observations as identified by the RBI."

Dec 3, 2020

Chinese sugar in Indian honey: Dabur, Patanjali slam study, say plot to defame brands

It is a food fraud more sophisticated and damaging to our health than our 2003 and 2006 cola investigations; says CSE director Sunita Narain.

Dec 3, 2020

'Bad signal' for Vodafone Idea customers as beleaguered firm hikes tariff

Analysts have argued that VI urgently need a tariff hike as the company's finances are not faring well and it may file bankruptcy if such stern measures are not taken.

Dec 2, 2020

Slack sold for $28 billion; each user valued at over $2,300, paid subscriber at $197,000

Salesforce has acquired Slack in a deal valued at $27.7 billion, positioning both companies at better competing against Microsoft and Microsoft Teams.

Dec 2, 2020

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Business news

Centre to miss the deadline as Air India privatisation to spill into next fiscal year

CBI books Hyderabad based Transstory Ltd. for one of biggest bank frauds in India | Details

Once billionaire BR Shetty's company sold for ONE dollar; it used to be worth $2 billion

Reliance Industries and BP start gas production from Asia's deepest field

Bitcoin hits all-time high, breaches $20,000 mark; bubble burst unlikely

Make in India: Fiat Chrysler commits Rs 1,100 crore investment for Global Digital Hub in Hyderabad

Nifty, Sensex hit record highs as Burger King nearly doubles in market debut

Samsung ditches China, chooses India for mobile display factory; set to invest Rs 4,825cr

Hyundai buys controlling stake in robot-maker Boston Dynamics in $1.1bn deal; what it means

TVS Group changes ownership model; family-owned group to scrap holding company

Genuine concern or vote bank politics: Why Indians must ignore Canada's views on farm bill

RBI restricts HDFC bank from launching new digital business, issuing credit cards: Here's why

Chinese sugar in Indian honey: Dabur, Patanjali slam study, say plot to defame brands

'Bad signal' for Vodafone Idea customers as beleaguered firm hikes tariff

Slack sold for $28 billion; each user valued at over $2,300, paid subscriber at $197,000

Jodie Foster to star in her first major television role in 'True Detective 4'

Monaco Grand Prix 2022: Everything you need to know from Schedule to track, when and where to watch

Sunjwan terror attack: NIA arrests key accused from Kashmir; establish JeM link [details]