Business news

Amid talks of Zomato-UberEats merger, Swiggy's losses jumps five times

Notably, the development has come amid its arch-rival Zomato is planning to buy UberEats for an unconfirmed amount up to $200 million

Dec 16, 2019

IL&FS group co defaults on Rs 3.37 crore interest payment

The crisis-hit IL&FS had incorporated IL&FS Transportation Networks in 2000, and the firm has more than 14,000 lane-kilometres in a portfolio of over 30 projects.

Dec 16, 2019

Telecom sector employees seek opportunities outside amid mounting losses

One of the recruiting consulting firms has received around 7,000 profiles of Vodafone Idea and around 5,000 at rival Bharti Airtel

Dec 16, 2019

PAN-Aadhaar linking last date is December 31: Step by step guide [Video]

The Central Board of Direct Taxes (CBDT) through an order issued in September this year extended the due date for linking the PAN with the Aadhaar till December 31.

Dec 16, 2019

Zomato in advanced talks to buy UberEats: Report

Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment.

Dec 16, 2019

Will US Fed take Digital India's help on Google cue and replicate UPI system?

Google has cited Google Pay experience with India's flagship mobile real-time payments system UPI launched in 2016; the system topped 120 crore transactions in November valued at Rs 1.89 lakh crores.

Dec 15, 2019

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Market outlook: Inflation data, stagflation concerns to steer equity indices

Concerns on stagflation and anxiety over the upcoming WPI Inflation level for November will keep investors on their toes.

Dec 15, 2019

Infosys row: Company says not aware of any fresh lawsuit

Infosys allegedly made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.

Dec 14, 2019

Maruti U-turn may put India's plan to ease out diesel vehicles on reverse gear

Country's largest carmaker Maruti Suzuki may not want to miss out on the diesel vehicle market share as rivals remain silent on exiting the segment.

Dec 13, 2019

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SoftBank-backed Paytm raises $660 million from Alibaba arm Alipay, others

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion last month

Dec 13, 2019

Will tenfold hike in aircraft safety breach fines curb rising aviation failures?

Rising incidents of technical snags forced the government to amend rules to raise the fines ; the maximum fine may go up to Rs 1 crore from Rs 10 lakh.

Dec 13, 2019

Why is Yes Bank board wary of tycoon who wouldn't invest if it was 'No Bank'?

The past of the Canadian who made the $1.2-billion bid for Yes Bank controlling stake is so mysterious with vastly contrasting narratives that Netflix wants to tell his story.

Dec 11, 2019

SBI under-reported bad loans by Rs 12,000 crore in FY 19, reveals RBI report

The gross non-performing assets (NPAs) reported by the bank stood at Rs 1.73 lakh crore as on March 31, 2019. However, gross NPAs as detected by RBI was at Rs 1.85 lakh crore for the period.

Dec 10, 2019

Will UP Cabinet nod for Zurich deter GMR from pushing for Jewar airport stake?

Zurich International Airport bagged the bid by quoting the highest per-passenger return to the government from the green-field project that will be India's largest with six runways.

Dec 9, 2019