Business news

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm extortion case: Promoters were pressurising Sonia Dhawan to sell her stake, says lawyer

Sonia Dhawan, Paytm CEO Vijay Sharma's personal assistant and later the Vice-President of Corporate Communications, was arrested last month for extorting money from Sharma.

Nov 15, 2018

Merger of Jet Airways and Tata SIA Airlines on cards as talks pick up pace

It is to be noted that an earlier proposal by Jet Airways for a joint ownership with Tata SIA was rejected as the former wanted an exit for the Goyal family.

Nov 15, 2018

Vodafone Idea posts quarterly loss, to raise $3.5 billion

The results included numbers for Idea Cellular up to August 30 and Vodafone Idea from August 31 to September 30 and were not comparable to earlier periods.

Nov 15, 2018

Ashok Leyland stock turmoil seen only in the short term

Ashok Leyland shares fell 10 percent after its CEO's exit and Q2 profits' failure to meet estimates. But analysts feel the turmoil will be for short term.

Nov 15, 2018

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Gold sheds Rs 150, silver holds steady amid weak global cues

Traders said sentiment was downbeat as the precious metals weakened in global market. Also, fading demand from local jewellers as well as retailers at the domestic spot market weighed on the prices.

Nov 14, 2018

IDBI Bank loss widens to Rs 3,602 crore in Q2

Total income of the bank was also down at Rs 6,162.14 crore in the reported quarter as against Rs 8,302.42 crore a year ago, IDBI Bank said in a regulatory filing.

Nov 14, 2018

SpiceJet posts 2nd quarterly loss on higher fuel costs, weak rupee

A combination of rising oil prices, high fuel taxes, a weak rupee, low fares and intense competition have slashed profits in the world's fastest-growing aviation market which is clocking 20 per cent annual passenger growth.

Nov 14, 2018

Binny Bansal 'stunned' by allegations, sends email to Flipkart employees

On Tuesday, Walmart had issued a statement saying that Binny had resigned as the CEO after several 'personal misconduct allegations'.

Nov 14, 2018

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Government suspects under-reporting of revenues by telcos; orders strict auditing

In a report submitted by the Comptroller and Auditor General (CAG) June last year, the national auditor had argued that telecom companies under-report revenues through accounting adjustments for commission or discount paid by the companies to their distributors.

Nov 14, 2018