Business news

Flipkart's loyalty programme to launch on Independence Day; here's all you need to know

Flipkart Plus will launch on August 15, and unlike Amazon Prime, it will not be a subscription-based service. It will be tied to a shopper's frequency on the platform. The company is also adding third parties to the service.

Aug 1, 2018

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm Payments Bank suspends customer registration after RBI order

The RBI has found several issues with Paytm Payments Bank and asked the company to stop onboarding new customers. It also wants the company to change its Chief Executive and office location.

Aug 1, 2018

An aircraft of India's Jet Airways lands

Jet Airways pay cut: 'Joy of flying' turns sour as staffers' salary to take a 25% dip

Jet Airways hasn't specified a timeline for these pay cuts and were informed that even the senior management had seen a dip in their salaries. Jet also refused to divulge if the company would refund the deductions later on.

Aug 1, 2018

Tata Motors logos are seen at their flagship showroom

Tata Motors posts first loss in three years amid weak JLR sales

Profitability was hit due to lower operating leverage, higher discounts in the US, UK and China, foreign currency fluctuations, and higher depreciation and amortisation costs

Aug 1, 2018

rbi, rbi mpc meeting, rbi bi monthly meeting on april 6, sensex reacts to monetary review meeting, rbi growth projections, rbi governor urjit patel

In an attempt to stall inflation, RBI likely to raise interest rates

The Reserve Bank of India is likely to raise interest rates on Wednesday while retaining a neutral policy stance as it aims to strike a balance between rising inflationary pressures and still recovering growth.

Aug 1, 2018

crude oil prices, opec, us oil reserve, donald trump and crude oil, donald trump, saudi arabia

Rise in US stockpile sees oil prices sink

Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July.

Aug 1, 2018

Govt mulls national e-commerce regulator; Amazon, Flipkart set to gain

The step will ensure consumer protection and compliance with foreign investment caps for the ever-growing e-commerce sector in the country.

Jul 31, 2018

ongc videsh offer to iran, farzad b gas field, india iran energy agreements, russia gazprom gets farzad b gas fields

Oil prices drop as OPEC production increases in July

Oil prices slipped on Tuesday after a report showed that OPEC production reached a 2018 high in the month of July, although the losses were limited as concerns about supply lingered.

Jul 31, 2018

Swiggy's new loyalty programme to offer free deliveries

The food ordering app has launched a new subscription service, available in one-month and three-month durations, that will offer several benefits such as free delivery and discounts on orders.

Jul 31, 2018

Ray of hope for home buyers as NBCC may take up stalled projects of Jaypee, Amrapali

However, the ownership of the company would remain with the current promoters, or with the Insolvency Resolution Professional (IRP) whichever the case may be.

Jul 30, 2018

Play

Vijay Mallya faces final extradition hearing after losing Force India F1 team: Here's all he has lost so far

Vijay Mallya has lost control over Force India F1 team. What other assets has he lost so far? India loves to treat each story with a view to finding a moral in it. And Mallya's story has many spectacular morals. The plainest of them all is that if you do wrong you will suffer. The middle India loves to latch on to that belief.

Jul 30, 2018