Business news

RBI to buy govt bonds for Rs 40,000 crore via OMO to maintain liquidity in market

OMO is carried out by RBI to expand or contract the liquidity of money in the market by selling or purchasing government securities.

23 days ago

China agrees to increase imports from India, says trade minister Suresh Prabhu

India's trade deficit with China is its widest with any country, with large amounts of electronics and other items flowing across the border with its northern neighbour.

24 days ago

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Sensex down 143 points, Nifty below 10,200 points amid negative global cues

It touched an intra-day high of 33,776.80 points and a low of 33,332.10 points, Yes Bank was one among the major losers.

24 days ago

Trouble mounts for Vijay Mallya: IT dept warns against buying company shares in e-auction

Over 41 lakh equity shares of United Racing and Bloodstock Breeders Ltd (URBBL) were put up for sale through e-auction by Debt Recovery Tribunal-II on September 29. The auction is set to take place on October 30.

24 days ago

Bengaluru: ED raids Amnesty International office for alleged violation of FDI guidelines

In a statement later, the economic intelligence agency said Amnesty had received Rs 36-crore foreign funds till date from overseas in violation of the Foreign Direct Investment (FDI) guidelines.

24 days ago

Fake banks apps on Google Play may have stolen data of thousands of customers: Report

These fake Android apps have the logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps.

25 days ago

Former Adidas AG executive found guilty in US college basketball bribery scheme

James Gatto, former head of global sports marketing for basketball at the athletic wear company, was convicted of wire fraud by a jury in Manhattan federal court.

25 days ago

Wipro increase freshers' salaries by Rs 30,000 per annum

TCS has started a national-level test during placements to find those with newer skills, preferably in coding. Infosys is also on a similar path.

25 days ago

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Net profit at India's top-selling car maker fell to 22.40 billion rupees ($305.76 million) in the quarter ended Sept 30 from 24.84 billion rupees last year as higher crude oil prices and a weakening rupee weighed on consumer demand.

25 days ago

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Rupee helps IT sector toplines; HCL to recruit 30,000 engineers this year

The Experis IT Employment Outlook Survey said earlier this week hiring in the IT sector will pick up this financial year.

25 days ago

Cost, competition catch up to IndiGo: Airline posts first quarterly loss since IPO, more trouble for aviation sector?

IndiGo, the country's largest carrier with a market share of over 40 percent, reported a loss of Rs 652.1 crore in the quarter ended September 2018. The loss has been attributed to high fuel cost, rupee depreciation and intense competition

25 days ago

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Sensex hits 7-month low, falls over 400 points amid rout in global equities

Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.

25 days ago

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Jet Airways, in which Abu Dhabi's Etihad Airways has a 24 percent share, has been looking for suitors ever since it started facing cash flow issues.

27 days ago

Telecom sector braces for massive firing; 65,000 jobs to go in the next 5 months

However, on the upside, TeamLease said jobs will be created in areas like as project management and IT infrastructure.

27 days ago

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

For the first time, the cab drivers are demanding a fix minimum fare between Rs 100 and Rs 150 and the charge per km between Rs 18 and Rs 23, depending upon the type of vehicle booked.

28 days ago

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