Business news

Diwali dhamaka for Amazon and Flipkart as the companies report 300% hike in sales

The online orders during the sales period in October were so much both the e-comm players decided to extend the sale period for the first five days of November.

Nov 6, 2018

Reliance Jio continues to gain as other operators bleed

It is to be noted that the industry body of telecom players, COAI does not include the BSNL, MTNL, Tata, and Reliance Communications as these are not the members.

Nov 6, 2018

South Korea gets waiver from US sanctions on Iran

There have been reports that US President Donald Trump has exempted eight major oil importers from complying with the Iran nuclear sanctions regime, but no country has yet confirmed it officially.

Nov 6, 2018

Will fuel price relief last? Probably not, as global crude market will harden again

The recent Oil Market Report by the International Energy Agency (IEA) has some interesting clues about where prices could head in future.

Nov 6, 2018

Microsoft doesn't use customers' data for profit: CEO Satya Nadella

LinkedIn, which Microsoft bought for $26 billion, has over 560 million users and Bing is the number 3 search engine globally.

Nov 6, 2018

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Dhanteras 2018: This how you should plan if you want to invest in gold

Like every year, just at the beginning of the festive season, Hindu families go on gold buying spree especially on the day of Dhanteras.

Nov 5, 2018

Tough road ahead for TCS as it faces charges of racial discrimination in US

The Mumbai-based company would have to offer a good reason to the American jury for why the engineers employed at its US operations are 13 times as likely to be sacked if they're not South Asian.

Nov 5, 2018

Air India Airbus A320 passenger aircraft.

Air India turnaround: Will debt SPV and fresh equity infusion save national carrier?

Is debt reduction alone a panacea for the ills of the airline? Higher fuel bills, bloated operational costs, rising staff costs and tightening competition all will make the ride choppier for the airline

Nov 5, 2018

SBI net profit slips 69% to Rs 576 crore in Q2

The State Bank of India's total income (consolidated) rose to Rs 79,302.72 crore in the quarter under review, compared to Rs 74,948.51 crore in the year-ago period.

Nov 5, 2018

In a major push to offline retail, Amazon to buy 10% stake in Future retail

The deal is expected to get the board approval on 14th November post that it would be one of the aggressive measures taken by the e-commerce giant, Amazon to gain access to the growing retail business in India.

Nov 5, 2018

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Geopolitical issues, Q2 results to set equity market course

Trading at stock exchanges, however, won't take place on November 7-8 on account of Diwali, other than the brief traditional muhurat trading on Diwali day.

Nov 4, 2018

Olive branch to Iran? Trump says US ready for a new deal

The statement is completely opposite to the American hawkish policy against Iran in recent times.

Nov 4, 2018

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Early Diwali for blue chip stocks at Dalaal street; TCS, SBI gain

It is to be noted that the rise in oil prices and trade war initiated by the Trump administration has sent ripples across the stock markets, globally.

Nov 4, 2018

Axis Bank's Q2 standalone profit up 83% to Rs 790 crore

According to the firm, net profit during the quarter under review increased to Rs 789.61 crore from Rs 432.38 crore reported for the corresponding period of last fiscal.

Nov 4, 2018

Apple loses $1 trillion status after soft holiday forecast

The dip in Apple's shares to $208.50 knocked around $67 billion off its value, and put Amazon and Microsoft Corp back in the mix in the race among the United States' big tech players to be the world's most valuable company.

Nov 3, 2018

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