Business news

Zomato in early talks with Swiggy for merger: Report

Zomato had reportedly offered a 1:4 share swap ratio to Swiggy, which isn't likely to be agreed upon by its shareholders.

Nov 1, 2017

Bharti Airtel Q2 net profit fall 64% at Rs 586.10 cr as price war continues

The company's weak result is primarily because of intense competition led by Reliance Jio Infocomm.

Oct 31, 2017

Namma TYGR to challenge Ola, Uber: 10 things you need to know about Kumaraswamy's new cab service

Former Karnataka CM and JD-S leader HD Kumaraswamy has launched a new cab service called Namma TYGR, which will compete with Ola and Uber in Karnataka.

Oct 31, 2017

Why IDFC–Shriram Group called off merger?

On July 8, both the companies entered into a 90-day agreement to evaluate a strategic combination of their relevant financial services.

Oct 31, 2017

Goldman Sachs, Citigroup bullish on Sensex and Nifty, upgrade targets

The banking groups believe that government reforms would offset challenges such as valuation and poor earnings growth and would propel the Sensex and Nifty to newer highs in 2018.

Oct 31, 2017

New strategy: Reliance Jio to launch broadband, TV services in early 2018

The broadband services includes television services as well as internet in more than 30 cities.

Oct 30, 2017

Play

How P2P apps are changing the world

P2P stands for peer-to-peer, direct transfer between two people. Apps like Paypal and Venmo are popular examples of P2P technology that are revolutionizing how we deal with finances and interact on a global scale.

Oct 30, 2017

ONGC hits 5-month high as Q2 net profit rises 3%

Shares of country's biggest oil and gas producer were up as much as 4 percent on Monday's trade, it also registered a spurt in volume by more than 2.45 times.

Oct 30, 2017

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Govt likely to lower GST rate for small business, is this an election strategy?

The ministerial panel recommended a new tax rate under the composition scheme would be 1 percent for traders, manufacturers and restaurants, which previously stood at 1 percent, 2 percent and 5 percent, respectively.

Oct 30, 2017

GST network: 18 of 27 glitches fixed, Infosys to expand team to put GSTN on track

The IT company, in it its meeting with the GoM on October 25, told the group that it would step up its 100-member team to speed up the bug fixing exercise.

Oct 29, 2017

Maruti Suzuki says it will have to move to electric cars

India is working on a new auto policy that promotes the use of electric cars, and a draft is likely to be made public before the end of the year.

Oct 29, 2017

After CFO Anup Vikal, Snapdeal set to lose top executive Rajiv Mangla; CTO to leave by December 15

Mangla, who had previously worked in Adobe, joined Snapdeal in August 2015 and is known to have kept the company afloat during tough times shouldering strategic and operational responsibilities.

Oct 28, 2017

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ICICI Bank Q2 net profit belies estimates, falls 34% to Rs 2,058 crore

The bank missed analysts' estimates as its standalone net profit dropped to Rs 2,058 crore in the quarter September from Rs 3,102 crore in the same quarter last year.

Oct 27, 2017

Indians again top the chart of foreign investors in Dubai property

The data shows a significant jump of Rs 12,000 crore from 2014, when the department recorded Indian buyers investing Rs 30,000 crore that year.

Oct 27, 2017

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Yes Bank slips 10% as bad loans spike: What to expect?

Gross non-performing assets (NPAs), which are percentage of gross advances doubled from 0.97 percent in the June quarter to 1.82 percent in the September quarter of the current financial year.

Oct 27, 2017

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