Business news

Rupee makes a turnaround amid optimism over PM Modi's re-election, becomes Asia's best-performing currency

A sudden surge in the inflow of dollars has sent the rupee to its highest level since August, prompting profit booking that led to the currency witnessing a drop on Tuesday after six trading sessions of continuous gains.

29 days ago

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Boeing reshuffles top engineers amid 737 MAX crisis

The management reshuffle comes as Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX.

29 days ago

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Mukesh and Anil Ambani: A storied billionaire sibling rivalry is finally ending?

In one of the quirks of destiny, while the wealth of Mukesh grew exponentially, Anil saw his riches dwindling over the years.

Mar 19, 2019

Captain CP Krishnan Nair, Leela Group founder

Leela Group's Captain Krishnan Nair – Visionary with a keen sense of destiny

Captain Krishnan Nair was a self-made man who built some of India's finest hospitality properties and single-handedly established the vast business empire of Leela Group in the name of his wife.

Mar 19, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Is it safe to fly Jet Airways? Engineers' union has some scary update

Naresh Goyal, the chairman of cash-strapped Jet Airways, has told the employees that he needs more time to resolve the issues faced by the company.

Mar 19, 2019

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Anil Ambani invokes 'family values' after elder brother Mukesh saves him from jail

On Monday, RCom paid the Swedish company Rs 4.6 billion, which also received an additional Rs 30 million from the Supreme Court's registry that the Anil Ambani-led firm had deposited as penalty interest.

Mar 19, 2019

Leela Group serves up hotel assets to Brookfield in Rs 3,950 crore deal

The agreement with the Canadian investment firm covers four hotels and stake in Mumbai's The Leela Hotel apartment from joint development of other properties.

Mar 19, 2019

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Nirav Modi to be extradited to India? UK court issues arrest warrant against fugitive diamantaire

The court in London was responding to a request raised by the Enforcement Directorate for Nirav Modi's extradition in a money laundering case.

Mar 19, 2019

Jet Airways delays interest payments, grounds more planes

Cash-crunched Indian carrier Jet Airways Ltd said on Monday it will delay paying interest to its debenture holder, due March 19, owing to financial constraints.

Mar 18, 2019

Mindtree may tap institutional investors to beat L&T's hostile takeover bid

L&T is in an advanced stage of talks for buying Café Coffee Day founder VG Sidhartha's stake in Mindtree; co-founder Bagchi quits state job to join the battle.

Mar 18, 2019

Antitrust officials raid traders including Glencore over 'pulses price fixing'

India had allowed duty-free import of pulses, including chickpeas and black lentils, after two years of drought pushed the prices up in 2015.

Mar 17, 2019

How much will it cost Boeing to compensate for all grounded B737 MAX planes?

The monthly cost of substituting a grounded B737 MAX plane is estimated at $250,000 and all the nearly 350 delivered MAX planes are now grounded

Mar 17, 2019

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The rise and fall of Anil Ambani: Here's how things became worse for world's 6th richest person

As per Forbes valuation, the younger son of industrialist Dhirubhai Ambani was listed as the world's sixth richest person in 2008. In just a decade, he is now struggling to save his reputation.

Mar 16, 2019

Mindtree mulls share buyback programme to fend off L&T's hostile takeover bid

IT services company may spend Rs 1,000 crore to acquire shares while one of the largest shareholders Sidhartha is talking to firms including L&T to offload shares.

Mar 16, 2019