Business news

Jet to seek nod for turning debt to equity; Goyal's stake to be less than 20%?

EGM of debt-ridden private airline will increase equity and dilute Goyal's stake while allowing conversion of debt to equity

Jan 29, 2019

US files charges against Huawei and Meng Wanzhou, China calls indictment 'immoral' and 'unfair'

The Justice Department accused Huawei of trying to steal trade secrets from T-Mobile promising payment to employees stealing confidential information, and violating Iran sanctions. It also unveiled charges against CFO Meng Wanzhou and is seeking her extradition to the US.

Jan 29, 2019

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Crude awakening: Chinese oil demand rebounds as independent refiners restock

Global benchmark Brent oil prices had fallen more than 30 percent to just above $50 a barrel by the end of 2018.

Jan 28, 2019

Reliance Jio's interest to heat up race for Zee Entertainment stake

Mukesh Ambani's company will be joining global giants like Amazon, Apple, Tencent and Alibaba in a bid war for ZEEL investment.

Jan 28, 2019

Railways conscious of social, economic responsibilities: Piyush Goyal

Piyush Goyal's meeting with PSB chiefs will review policy tweaks in budget

Standing in for Arun Jaitley for the second time, Piyush Goyal receives North Block officials' briefings to steer the Finance Bill through this government's last parliamentary session.

Jan 25, 2019

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SBM Bank of Mauritius opens wholly owned subsidiary in India

SBM Bank (India) will extend its network by end of March 2020 with four new branches focusing on the mid-market segment.

Jan 25, 2019

Play

Who is whistleblower Arvind Gupta? How did he chase down Chanda Kochhar?

Whistleblower Arvind Gupta unearthed the multi-crore scam at ICICI Bank by analysing publicly available records over the years.

Jan 25, 2019

Asia stocks gain, euro struggles after dovish ECB

Asian stocks inched higher on Friday, buoyed by gains in U.S. technology shares, but gains were capped by worries over slowing growth in Europe and caution ahead of several key events next week including U.S.-China trade talks.

Jan 25, 2019

Apple lays off 200 employees from its autonomous vehicle project

The Cupertino-based tech giant is said to have taken the step as part of its restructuring plans for the unit. Apart from the 200 employees, there are many others who will be moved to various other units within Apple.

Jan 25, 2019

RCom sinks deeper into the red as net loss widens to Rs 238 crore in Q3

A marginal rise in Q3 total income to Rs 1,083 crore from the preceding quarter's Rs 1,014 crore fails to buoy the bottom line

Jan 24, 2019

IndiGo shares soar with Q3 revenue report despite profit plunge

India's largest airline acknowledges fuel and currency turbulence as revenue rises to Rs 7,916 year on year as profit after tax falls 75%.

Jan 24, 2019

jet fuel prices, atf prices, aviation turbine fuel, atf prices in india, iata jet fuel monitor, civil aviation, india, asian civil aviation, vietnam airlines

Merger of Jet Airways and Air India will save both, but will be bad for flyers

If the two full service carriers were to merge, both could do away with suicidal discounting. A rationlisation of ticketing will be a crucial part of the turnaround of both the airlines.

Jan 24, 2019

Oracle pay bias lawsuit: Tech giant underpaid thousands of women, black and Asian employees

The United States Department of Labor has accused Oracle of underpaying more than 5,000 women employees with disparity recorded at about 20 percent and said that over 11,000 Asians too were paid 8 percent lesser than the other workers.

Jan 24, 2019