Business news

Rafale order bombs markets; volatility soars ahead of Phase 1 of Lok Sabha polls

Sensex shed nearly 1% and Nifty 0.75% after Supreme Court ruling on French warplane deal amid rising uncertainty over elections with the first phase of polling set to be held on Thursday.

Apr 10, 2019

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Amazon's super-app offering goods and services bouquet to spur new e-commerce war

Online retailer Amazon is set to leverage newly acquired Tapzo platform to develop super-app for online trade in products and services including flight ticket booking, food delivery and cab hire.

Apr 10, 2019

Downfall of Jet Airways: How India's premium airline crumbled

Jet Airways has posted losses in eight of the past 10 years and its share of the domestic passenger market has fallen to about 15.5% in 2018 from 22.5% in 2015. About 60%, or more than $600 mn, has been wiped off Jet's market value over the past year.

Apr 10, 2019

Meet billionaire CEOs Elon Musk, Mark Zuckerberg who receive annual salary of 1 dollar

Many executives of big companies, especially in Silicon Valley, see it as a point of prestige to not take a large salary. Instead, their earnings come in the form of bonuses and other compensation.

Apr 9, 2019

Jet Airways on borrowed time as investors cold to lenders' rescue plan

The SBI-led banks' consortium hints at investment possibility of up to 75% stake in debt-laden Jet while expression of interest is set to close on Wednesday.

Apr 9, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

RCom insolvency: Ericsson in legal bind as NCLAT hints at lifting stay on case

Appellate company law court observes Ericsson will have to return to RCom Rs 550 crore it got following contempt proceedings in the Supreme Court if the stay on bankruptcy proceedings is lifted.

Apr 9, 2019

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What's next for Vijay Mallya after UK court rejects plea against extradition?

Vijay Mallya, who is seeking refuge in the United Kingdom, will submit an appeal for the second time at the London court for an oral hearing.

Apr 9, 2019

Reliance, Jio, GigaFiber, registration, how to apply

Will Jio GigaFiber do to DTH what Reliance Jio did to mobile telephony?

Airtel and Tata Sky are bracing for a shakeup ahead of Jio GigaFiber's commercial launch with a disruptive potential similar to Reliance Jio's that triggered a price war affecting players like Airtel, Vodafone and BSNL.

Apr 8, 2019

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Stake sale process of debt-ridden Jet Airways delayed as banks awaits RBI nod

In a bid to turnaround, the fortunes of beleaguered airline, Jet Airways board had decided a plan as per which the consortium of lenders, led by State Bank of India (SBI) would take over the airline's debt and convert it into 114 million shares for just Re 1.

Apr 7, 2019

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Business news

Rafale order bombs markets; volatility soars ahead of Phase 1 of Lok Sabha polls

Amazon's super-app offering goods and services bouquet to spur new e-commerce war

Downfall of Jet Airways: How India's premium airline crumbled

Meet billionaire CEOs Elon Musk, Mark Zuckerberg who receive annual salary of 1 dollar

Jet Airways on borrowed time as investors cold to lenders' rescue plan

RCom insolvency: Ericsson in legal bind as NCLAT hints at lifting stay on case

What's next for Vijay Mallya after UK court rejects plea against extradition?

Will Jio GigaFiber do to DTH what Reliance Jio did to mobile telephony?

Stake sale process of debt-ridden Jet Airways delayed as banks awaits RBI nod

L&T heads to US and EU for anti-trust watchdogs approvals for Mindtree takeover

Caution is better part of valour: Watch for specific stocks and buy on dips

New income tax return forms expected to ease automation of expats' claims

Jet Airways crisis deepens, lessors ask DGCA to de-register more planes over 10 days

Mother Dairy's Rs 190 crore investment in IL&FS goes bad; seeks PM's intervention

Will banks reduce housing, car loan interest after RBI's rate cut?