Business news

Interim Budget 2019: Tax rebate for those earning up to Rs 5 lakhs per annum

Railways Minister Piyush Goyal will present the budget in place of Union Finance Minister Arun Jaitley due to the latter's absence for medical reasons. The presentation of the budget will begin at 11 am.

Feb 1, 2019

Oyo Rooms to invest $50 million to expand its operations in the Philippines

Oyo is expected to start its operations Manila, Tagaytay, and Cebu with 21 hotels and expand to 10 cities by 2020.

Jan 31, 2019

Interim Budget 2019: Farm, telecom sectors may see major relief proposals

The budget's interim nature may not prevent Narendra Modi government from announcing massive sops targeting the agriculture sector, rural poor, and small and medium business community

Jan 31, 2019

SAP to fire 4,000 employees worldwide; at least 400 layoffs expected in India

The German software giant has said that the layoffs are not for cost-cutting but to bring in new employees with sound knowledge and understanding of the changes in technology.

Jan 31, 2019

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Axis Bank shares soar to 52-week highs after surprising Q3 numbers

The Q3 net was the bank's highest profit in the last 11 quarters.

Jan 30, 2019

Apple, iPhone XR, PRODUCT RED, World AIDS Day

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Apple lowers some iPhone prices outside US to offset strong dollar

Apple Chief Executive Tim Cook disclosed the plan on Tuesday after the company reported the first-ever dip in iPhone sales during the key holiday shopping period.

Jan 30, 2019

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Airtel shifts focus to Africa, to invest $2.4 bln to expand 4G network

Bhari Airtel entered the African market in 2010 after buying Kuwait-based Zain's Africa operations for $10.7 billion.

Jan 30, 2019

Cobrapost expose says DHFL involved in Rs 31,000 crore loan scam

The scam was carried out by getting loans sanctioned and then sending money to shell companies related to DHFL stakeholders.

Jan 30, 2019

Flipkart CEO warns of major customer disruption if new e-commerce norms are not delayed

In a letter to India's industries department earlier this month, Flipkart Chief Executive Kalyan Krishnamurthy said the rules required the company to assess "all elements" of its business operations, according to a person privy to the communication.

Jan 30, 2019

Tata only Indian company to feature in Brand Finance's 2019 world's most valuable brands list

In a statement, Tata Group said that it occupied the 86th place in the 2019 list while it was in the 104th position last year.

Jan 29, 2019

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Jet to seek nod for turning debt to equity; Goyal's stake to be less than 20%?

EGM of debt-ridden private airline will increase equity and dilute Goyal's stake while allowing conversion of debt to equity

Jan 29, 2019

US files charges against Huawei and Meng Wanzhou, China calls indictment 'immoral' and 'unfair'

The Justice Department accused Huawei of trying to steal trade secrets from T-Mobile promising payment to employees stealing confidential information, and violating Iran sanctions. It also unveiled charges against CFO Meng Wanzhou and is seeking her extradition to the US.

Jan 29, 2019