Business news

RBI vs Modi govt: Finance Ministry remains tight-lipped over invocation of Section 7 of RBI Act [Read full statement]

The Finance Ministry issued a statement amid the ongoing tussle with RBI over the invocation of Section 7 of the RBI Act.

Oct 31, 2018

Use an SBI debit card? You might not be able to withdraw more than Rs 20,000 from today

The maximum withdrawal has been halved by the bank to reduce losses in cases of ATM card fraud.

Oct 31, 2018

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

In bruising war for e-wallet market, Paytm, PhonePe rack up heavy losses

While PhonePe's revenue in the financial year 2017-2018 expanded to Rs 42.79 crore it incurred losses to the tune of Rs 791.03 crore.

Oct 30, 2018

Will Delta Air Lines come to Jet Airways' rescue? May buy Goyal and Etihad's stake

Delta Air Lines has expressed an interest in buying stake in Jet Airways and has hinted about the same to Goyal. The Atlanta-based carrier is looking to buy not just Goyal's 51 percent stake in Jet, but is also eyeing the 24 percent stake, currently owned by Etihad Airlines.

Oct 30, 2018

WhatsApp ties up with Indian industry association to train small & medium business entrepreneurs

With the new WhatsApp-CII programme, the company will try to improve the communication skill set of young entrepreneurs to connect with their customers and grow their businesses.

Oct 30, 2018

Fight to dominate e-commerce in India: Flipkart burns Rs 2,000 crore to compete with Amazon

In the financial year 2016, Flipkart had faced a huge cash crunch which helped Amazon to make inroads in the Indian e-commerce market.

Oct 29, 2018

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Sensex soars 718 points, banking stocks lead rally

Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.

Oct 29, 2018

Samsung's mobile manufacturing plant in Noida.

Here's how much Indians spend on Chinese smartphones; the numbers will shock you

Chinese companies have managed to create millions of jobs in India, thanks to their local manufacturing promises made towards Make in India.

Oct 29, 2018

Vijaya Bank Q2 net profits falls 25% on year

The city-based bank said that total income for the second quarter of the fiscal year ending March increased over 12 per cent on year to Rs 3,931 crore but was flat sequentially, from Rs 3,936 crore a quarter ago.

Oct 29, 2018

An aircraft of India's Jet Airways lands

Beleaguered carrier Jet Airways' Naresh Goyal turns to Mukesh Ambani and Ratan Tata for help

Not just Ambani, Goyal, who owns a 51 percent controlling stake in Jet, is also known to have discussed the offer with Ratan Tata. The Tata Group has reportedly shown an interest in bailing out Jet Airways, but it depends on Goyal and his willingness in giving up his controlling stake.

Oct 29, 2018

Q2 results, macro data to steer equity market; value buying expected

On Friday, both the Sensex and the Nifty dropped to seven-month lows. Market participants and analysts expect value buying in the indices as the market has been largely bearish in the last couple of weeks.

Oct 28, 2018

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys, Wipro, TCS and HCL hired over 32,000 employees in Q2, IT slump nearing an end?

While TCS, which is the largest company in India in terms of market capitalisation, added 10,227 workers in Q2, Infosys hired 7,834 workers in this period. Wipro saw the highest hiring in Q2 at 10,687 employees, while HCL is said to have hired 3,754 employees.

Oct 27, 2018

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Business news

RBI vs Modi govt: Finance Ministry remains tight-lipped over invocation of Section 7 of RBI Act [Read full statement]

Use an SBI debit card? You might not be able to withdraw more than Rs 20,000 from today

In bruising war for e-wallet market, Paytm, PhonePe rack up heavy losses

Will Delta Air Lines come to Jet Airways' rescue? May buy Goyal and Etihad's stake

WhatsApp ties up with Indian industry association to train small & medium business entrepreneurs

Fight to dominate e-commerce in India: Flipkart burns Rs 2,000 crore to compete with Amazon

Sensex soars 718 points, banking stocks lead rally

Here's how much Indians spend on Chinese smartphones; the numbers will shock you

Vijaya Bank Q2 net profits falls 25% on year

Beleaguered carrier Jet Airways' Naresh Goyal turns to Mukesh Ambani and Ratan Tata for help

Q2 results, macro data to steer equity market; value buying expected

Infosys, Wipro, TCS and HCL hired over 32,000 employees in Q2, IT slump nearing an end?

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

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

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