Business news

Will Mukesh Ambani let rival Sunil Mittal's Airtel grab brother's RCom assets?

Telco wars worsen as Bharti Airtel bids for Anil Ambani's Reliance Communication's spectrum assets that Mukesh Ambani's Jio had previously tried to acquire.

Nov 13, 2019

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Vodafone writes off book value of Indian operation, CEO flags liquidation risk

As per financial results released by Vodafone Group on Tuesday, the book value of Vodafone's 45 per cent stake in the joint venture, Vodafone Idea, has slumped to zero in November 2019.

Nov 13, 2019

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These IT firms are banned from applying for US H-1B visas: Report

The major IT companies disqualified from applying for H-1B visas are, Azimetry, Inc., Bulmen Consultant Group, Inc., Business Reporting Management Services, Inc., NETAGE, Inc., Kevin Chambers, E-Aspire IT LLC and more.

Nov 13, 2019

Backlash over Reliance Jio's decision to charge voice calls

Vodafone issues ultimatum to Indian govt: UK media

Global telecom player, Vodafone has told Indian authorities that it will not provide more capital for its India business unless there are provisions allowing it to compete with Mukesh Ambani's Reliance Jio.

Nov 13, 2019

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Alibaba Singles' Day sales jump 24.3% to $38.3 bn, sets new record

The high-double digit growth in the Global Shopping Festival, branded as Double 11, holds high hopes for the Chinese economy which has slowed down in the wake of global trade war and sagging demand.

Nov 12, 2019

Discontent in ITS officers of BSNL/MTNL after govt revival package

The Indian Telecom Service Association (ITSA) has asked the Central government to issue directions to the DoT, BSNL and MTNL to effectively execute the revival plan announced by the Union government to allocate resources in an optimal manner.

Nov 12, 2019

Jeff Bezos, founder of Blue Origin and CEO of Amazon, speaks about the future plans of Blue Origin during an address to attendees at Access Intelligence's SATELLITE 2017 conference in Washington, U.S., March 7, 2017.

Billionaire Jeff Bezos now plans to own an NFL team

According to CBS Sports, Bezos spent considerable time around owners, including Washington Redskins' Dan Snyder, and is in the process of moving to Washington.

Nov 12, 2019

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

Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

Alibaba netted online sales worth $30 billion across its platforms on Singles' Day last year, dwarfing Cyber Monday's $7.9 billion.

Nov 11, 2019

Are e-commerce firms Amazon and Flipkart going to face more regulatory pressure?

Brick-and-mortar traders have urged PM Modi to institute a ministerial-level inquiry into 'unholy nexus' between banks and e-commerce giants Amazon and Flipkart.

Nov 11, 2019

Saudi Aramco proposes mammoth expansion in India; to purchase 20% stake in RIL oil, chemicals

Aramco has entered into a non-binding letter of intent with Reliance Industries Limited on August 12, 2019, to purchase a 20 per cent stake in its oil to chemicals division.

Nov 11, 2019

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Market outlook: Liquidity flows, healthy Q2 expected to push equities higher

Next week, companies like Adani Ports, Coal India, Hindalco, India Cements and Vodafone Idea amongst others are expected to announce their quarterly results.

Nov 10, 2019

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Saudi Aramco prospectus flags risks, gives few details on IPO size

The more than 600-page prospectus did not include details of how much of the company would be floated in total.

Nov 10, 2019

Will Mukesh Ambani play protective big brother to Anil against Chinese banks?

Three Chinese banks have taken Anil Ambani to London court over $680 million default on loan to defunct Reliance Communications Ltd; Banks claim the embattled tycoon gave a personal guarantee to the loans

Nov 9, 2019

AGR ruling: Firms with telecom licence tense fearing Rs 2.8 lakh crore DoT dues

All companies that have a telecom licence are worried as DoT has begun examining if the SC order that has roiled mobile service firms Vodafone and Airtel may be applicable to other firms.

Nov 7, 2019

Infosys layoff: IT firm fires non-performing techies, denies reports of massive job cuts

The company has not disclosed how many such employees were fired in the recent past.

Nov 6, 2019

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Business news

Will Mukesh Ambani let rival Sunil Mittal's Airtel grab brother's RCom assets?

Vodafone writes off book value of Indian operation, CEO flags liquidation risk

These IT firms are banned from applying for US H-1B visas: Report

Vodafone issues ultimatum to Indian govt: UK media

Alibaba Singles' Day sales jump 24.3% to $38.3 bn, sets new record

Discontent in ITS officers of BSNL/MTNL after govt revival package

Billionaire Jeff Bezos now plans to own an NFL team

Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

Are e-commerce firms Amazon and Flipkart going to face more regulatory pressure?

Saudi Aramco proposes mammoth expansion in India; to purchase 20% stake in RIL oil, chemicals

Market outlook: Liquidity flows, healthy Q2 expected to push equities higher

Saudi Aramco prospectus flags risks, gives few details on IPO size

Will Mukesh Ambani play protective big brother to Anil against Chinese banks?

AGR ruling: Firms with telecom licence tense fearing Rs 2.8 lakh crore DoT dues

Infosys layoff: IT firm fires non-performing techies, denies reports of massive job cuts

Amit Shah setting stage for BJP ahead of polls in J&K; to focus on Pahari-Muslims during visit [details]

Nitishwar Kumar posted as Addl Secy in Ministry of WCD; 8 other bureaucrats get new posting [details]

Sunny Deol's Chup surprises with box office numbers; bags ₹2 crores on third day [details]