Business news

OYO LIFE emerges as India's biggest player in co-living spaces, to add 1 lakh beds by 2020 end

As OYO LIFE is celebrating its first anniversary, it plans to set up 100,000 beds across major cities in the country by the end of 2020.

Oct 31, 2019

Cognizant layoffs: IT major to cut 7,000 mid-senior level jobs in restructuring push

The restructuring is part of the '2020 Fit for Growth Plan' that involves investment in technology, sales and marketing, reskilling, acquisitions, and partnerships to sharpen strategic positioning in key digital areas.

Oct 31, 2019

Sensex hits record high, surpasses 40,260, Nifty tops 11,900

Indian shares have seen steady gains in the last few sessions buoyed by positive global cues.

Oct 31, 2019

Sensex hits 40,000, Nifty above 11,800 as financials gain

In domestic markets, the Nifty PSU Bank index, which tracks the country's state-run lenders, rose 1 per cent, with shares of Central Bank of India adding over 4 per cent.

Oct 30, 2019

Telecom industry stares at another round of firing post AGR ruling

The ruling from the SC would force the industry to pay a hefty amount of Rs 1.3 lakh crore and the development has come at a critical point when the industry is looking for a turnaround.

Oct 29, 2019

Clash of the titans: Will GVK succeed in keeping Adani out of Mumbai airport?

GVK raises Rs 7,600 crore to pare debt and buy 23.5% more stake in Mumbai Airport to raise ownership to 74%

Oct 29, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

DPIIT and the aviation ministry exploring options including easing of FDI norms to attract bidders for Air India after last attempt's failure

Oct 29, 2019

Worried about slowdown? Mercedes-Benz India sells 600 luxury cars on Dhanteras

The German carmaker's Indian arm said it delivered more than 250 cars in Delhi-NCR alone on Dhanteras; festival season sales surge promises turnaround for the slowdown-hit auto sector.

Oct 28, 2019

More sectors to be brought under subsidised UDAN regional connectivity scheme

Airport Authority of India may announce more subsidised flights to revive unserved and underserved sectors under Prime Minister Modi's UDAN programme; there are already more than 600 regional connectivity routes served under the scheme.

Oct 28, 2019

What is RCEP? Will it be bad for economy like demonetisation, GST as some think?

China-led, 16-member RCEP is an expansion of the 10-member Asean by taking in the Asian bloc's free trade partners; the RECP is expected to cover about 3.4 bn population and $49.5 trn GDP (PPP) marking 39.5% of the global economy.

Oct 26, 2019

Backlash over Reliance Jio's decision to charge voice calls

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

The SC order upholding govt's calculation of the adjusted gross revenue will mostly affect top telco Vodafone Idea and third-placed Bharti Airtel; Reliance Jio being a relatively new firm owes minuscule part of the total dues of Rs 93,000 crore.

Oct 26, 2019

India rises up 14 ranks to 63rd place in World Bank 'Doing Business' list

The report stated that starting a business in India has been made easier by abolishing filing fees for the Simplified Proforma for Incorporating a Company Electronically (SPICE), electronic memorandum of association, and articles of association.

Oct 24, 2019

Will US regulator probe Infosys as Sebi looks into whistleblower charges?

Infosys whistleblower group has sent allegations about unethical audit practices of Infosys CEO Salil Parekh and chief financial officer Nilanjan Roy to US Securities and Exchange Commission; Sebi probe will weaken Infosys shares further in Indian stock markets and New York's Nasdaq.

Oct 24, 2019

Auto slowdown: Is Uber boss taunting Sitharaman with advice to millennials?

Uber CEO Khosrowshahi urges Indians to shun car ownership 'trap' unlike in the developed world and support innovation and new technologies; Sitharaman had suggested auto sector slowdown in part is because of ride-hailing apps like Uber and Ola.

Oct 23, 2019

Govt plans to merge loss-making state telecoms firms BSNL and MTNL; here's why

The two carriers have struggled to win customers at a time Reliance Industries' telecoms' upstart Jio and rival Bharti Airtel and Vodafone Idea have rolled out 4G services and cut prices on voice and data.

Oct 23, 2019

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Business news

OYO LIFE emerges as India's biggest player in co-living spaces, to add 1 lakh beds by 2020 end

Cognizant layoffs: IT major to cut 7,000 mid-senior level jobs in restructuring push

Sensex hits record high, surpasses 40,260, Nifty tops 11,900

Sensex hits 40,000, Nifty above 11,800 as financials gain

Telecom industry stares at another round of firing post AGR ruling

Clash of the titans: Will GVK succeed in keeping Adani out of Mumbai airport?

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

Worried about slowdown? Mercedes-Benz India sells 600 luxury cars on Dhanteras

More sectors to be brought under subsidised UDAN regional connectivity scheme

What is RCEP? Will it be bad for economy like demonetisation, GST as some think?

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

India rises up 14 ranks to 63rd place in World Bank 'Doing Business' list

Will US regulator probe Infosys as Sebi looks into whistleblower charges?

Auto slowdown: Is Uber boss taunting Sitharaman with advice to millennials?

Govt plans to merge loss-making state telecoms firms BSNL and MTNL; here's why

Infiltration bid foiled on LoC; arms, narcotics recovered from killed terrorist [details]

Omar 'disagrees' with his father on "The Kashmir Files" role in igniting violence [details]

Month after CBI raids, senior IAS officer of J&K transferred to Mizoram [details]