Business news

British Airways to lay off 12,000 employees as losses loom over airlines' fate

British Airways' parent IAG announced on Tuesday that it will be letting go of 12,000 of its employees as a result of the coronavirus pandemic.

Apr 29, 2020

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Amazon urges Indian government to allow delivery of non-essential goods

As the lockdown cripples almost all small scale businesses, there have been accusations against e-commerce players such as Amazon on monopolising business given their robust supply chain.

Apr 28, 2020

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TRAI issues recommendations, calls out BARC to bring in structural reforms to improve TRP credibility

The Telecom Regulatory Authority of India (TRAI) has issued a slew of recommendations, calling out to BARC to take them seriously and put to action the measures suggested for improved credibility, transparency, efficiency, reliability and enhanced accuracy of the audience viewership data and TRP measurement system in India.

Apr 28, 2020

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Equity indices turn flat as Sensex, Nifty shed early gains

Shares of Indusind Bank surged 10 per cent following the private-sector lender's quarterly results after the bell on Monday.

Apr 28, 2020

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Increment matlab Coca-Cola; 7-8% salary hike to 7,000 employees

Coca-Cola's company-owned bottling partner in India, HCCB has announced a salary increment to all of its direct employees despite the economic slowdown in the country.

Apr 28, 2020

NRI billionaire Bavaguthu Raghuram Shetty

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Rags to riches and back, BR Shetty, NRI billionaire, until he wasn't

From rags to riches and back, the story of NRI billionaire Bavaguthu Raghuram Shetty might seem like just another one on the face of it, but there's a lot more untold and unspoken about the man who rose to fame, glory and amassed a fortune of $4.2 billion in 2018, according to Forbes. Here's unravelling the mysteries and the mistakes that led to the phenomenal rise and unbelievable fall of a sprawling empire into a debt trap.

Apr 27, 2020

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Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government.

Apr 27, 2020

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What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility.

Apr 27, 2020

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Sensex up 714 points, Nifty up 2% after RBI's liquidity cushion for mutual funds

At 10.22 am, Sensex was trading at 32,038.75 points, higher by 711.53 points or 2.27 per cent from the previous close of 31,327.22.

Apr 27, 2020

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Akshaya Tritiya 2020: Jewellers take the digital route amid coronavirus lockdown

The Indian bullion market will not witness the buying fervour as seen every year on the auspicious occasion of Akshaya Tritiya due to a nationwide lockdown in place to fight the coronavirus pandemic.

Apr 26, 2020

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Here's a list of relaxation norms offered by SEBI to help investors tide over the Covid-19 crisis

In the wake of the Covid-19 crisis that has brought global economies to a standstill, SEBI offers relaxation in norms for corporates, investors, stakeholders and depositors by easing restrictions in compliance requirements and thus helping them stay afloat. Let's explore.

Apr 23, 2020

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Coronavirus impact: Dearness Allowance for Central govt employees, pensioners frozen till July 2021

The decision, which will affect around 50 lakh central govt employees and 61 lakh pensioners, comes after the Union Cabinet approved a 4% hike in DA to 21% in a bonanza for 1.13 cr employees and pensioners applicable from January, 2020.

Apr 23, 2020

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Facebook-Reliance Jio deal a 'game changer' for tech sector: What does this mean for India Inc?

Facebook has entered into a partnership with Reliance Jio to acquire a 9.99 percent minority stake for an investment of Rs 43,574 crore. What does this deal mean for India Inc.? Are we on the anvil of a bigger digital transformation?

Apr 22, 2020

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Here's why rupee may further slide to 80 per USD in near future

The recent trends in currency are also indicating tough days ahead for rupee ahead. The US dollar jumped to a two-week high against various currencies including the rupee.

Apr 22, 2020