Business news

Subash Chandra to cede control of Zee Entertainment after stake sale

The promoter stake in Zee Entertainment will be reduced to 5 per cent, which means that media baron Subhash Chandra will lose control of Zee Entertainment Enterprises Ltd.

Nov 21, 2019

Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

FM Nirmala Sitharaman said that while the Centre will strategically disinvest BPCL, SCI and CONCOR, it will sell its entire stake in THDC India Ltd and NEEPCO to another state-run power major, NTPC.

Nov 21, 2019

Government grants telcos relief by deferring spectrum payments

SC had earlier said telecom operators must pay the pending amount of nearly $13 billion to the government within three months, putting leading operators Vodafone Idea and Bharti Airtel at risk.

Nov 21, 2019

Challenges faced by major airlines reflect in plane orders at Dubai Airshow

As the premier air show entered its fourth day, the overall order position is much lower than that of the previous edition two years ago.

Nov 20, 2019

Are Swiggy-Zomato merging amid reports of Amazon entering food delivery business?

The proposed merger could draw attention from the Competition Commission of India (CCI) as the merged entity would control the major part of the online food delivery business leading to monopoly.

Nov 20, 2019

Rs 31,000-crore Amazon, Flipkart festive sales draw traders' rage to e-commerce

Total sales of Rs 31,000 crore of Amazon and Flipkart were 14% off the target; expansion of e-tailers into new geographies in a slowing economy gripped by credit crunch has worried traders across the country.

Nov 19, 2019

Tata Steel plans to cut up to 3,000 jobs in Europe

Around two-thirds of the job losses are expected to be office-based roles.

Nov 19, 2019

Airbus takes early lead with $30 billion orders at Dubai Airshow

The five-day-long biennial expo, running between November 17 and 21, is being conducted at a time when Boeing faces mounting problems in the wake of an eight-month-long grounding of its 737 MAX planes following two fatal crashes within a span of five months and a slowdown in global economic growth.

Nov 19, 2019

Vodafone Idea, Airtel announce hike in call and data rates from December 1

The amount of hike in the charges have not been confirmed; it could go as high as 30-45% in the near term and more than 300% from the existing rates over the next two years.

Nov 19, 2019

idea cellular share price, idea cellular vodafone merger, aditya birla group, bharti airtel share price, reliance jio, indian telecom sector

To the brink & back: Vodafone-Idea jumps 18%

Finance Minister Nirmala Sitharaman on Friday stated that the government doesn't want any telecom company to shut operations.

Nov 19, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba Singles' Day sales logs 5.44 lakh orders per second

Alibaba Cloud,' the data intelligence backbone of the company, successfully handled peak order rate of 5.44 lakh per second during the 24-hour "11.11 global shopping festival" that recorded $38.4 billion gross merchandise volume.

Nov 19, 2019

Auditors raise doubts over NDTV's ability to continue as going concern

The auditors' report that the parent company which runs the television business, current liabilities exceed its current assets by Rs 88.92 crore.

Nov 18, 2019

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

'Make in India' hub Noida to churn over 30 crore mobile phones in 5 years

Approximately 80 mobile manufacturing factories are currently operating in this region, with an estimated total employment of 50,000 people.

Nov 17, 2019

Bill Gates officially surpasses Jeff Bezos as richest person on Earth

The Microsoft co-founder had briefly topped Bezos as the world's richest man last month after Amazon's lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value.

Nov 16, 2019