Business news

New RBI governor Shaktikanta Das. Photo: Reuters

Banks may resist RBI pressure to cut lending rate despite repo rate reduction

Bankers believe reducing the interest rate on advances without cutting rates on deposit will affect banks' ability to lend more unless SLR or CRR is eased.

Feb 19, 2019

Reliance battles Comcast, Sony for a substantial stake in Zee

Subhash Chandra's Zee Entertainment has several global suitors including Apple, Sony, Comcast and Atairos seeking to buy a controlling stake.

Feb 19, 2019

Social media marketing is the latest buzzword : Rohan Singh

Rohan Singh helps celebrities to use their social media accounts in a more responsible way and also helps them to solve their problems in using social media.

Feb 19, 2019

Honda 'to shut down UK plant,' over 3,500 jobs on the line

The Swindon plant is known to be a busy one with about 100,000 Civic cars being produced for the global market, and shutting it down would mean over 3,500 workers would lose their jobs.

Feb 19, 2019

Johnson & Johnson implant patients question compensation package

In November 2018, the central government had devised a formula and as per that, each affected person was to get a compensation between Rs 20 lakh and Rs 1.22 crore, depending on risk factors, disability and age.

Feb 19, 2019

Pulwama terror attack: Traders cautious as geopolitical pressures rise amid political rhetoric

Bombay Stock Exchange's headline index Sensex sank below the psychologically important 36,000 points. National Stock Exchange's broader Nifty also dipped below the crucial 10,800 level.

Feb 18, 2019

Ranbaxy Malvinder Singh Shivinder Fortis

Malvinder Singh alleges death threat, sues brother Shivinder and Radha Soami Satsang head

Fortis co-founder Malvinder Mohan Singh filed a criminal complaint against his brother Shivinder and spiritual head of the Radha Soami Satsang Gurinder Singh Dhillon accusing them of fraud and sending him death threats. He said that other members of the satsang are also threatening him.

Feb 18, 2019

Paytm to take longer than expected to return profits amid surging losses

Rapid expansion strategy may raise Paytm losses to Rs 2,100 crore in FY20 as competition heats up mobile payments field.

Feb 18, 2019

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Rupee weakened against dollar in choppy weekly trade

In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week.

Feb 17, 2019