Business news

Coronavirus outbreak forces Air Canada to knock off more than 5,100 of its staff

Air Canada is set to lay off more than 5,100 members of its cabin crews because of a decline in flights following the coronavirus outbreak.

Mar 20, 2020

Rotomac bank fraud case: SFIO arrests Rotomac director, 2 officials of Frost International

The Rotomac group has reportedly defaulted on loans of Rs 4,000 crore, whereas the Frost International group has defaulted on liabilities of Rs 3,500 crore, respectively, according to the SFIO.

Mar 20, 2020

itc share price, gst laws cleared, gst bills in parliament, buzzing stocks, nifty closes at all-time high, sensex gainers, usd vs inr, india forex reserves

Sensex plunges over 2100 points, Nifty below 8000 as Coronavirus cases jump

Soon after the trading started, the benchmark indices tanked around 2100 points to a 38 month low at 26,990 levels.

Mar 19, 2020

Markets extend losses, Sensex crashed 1700 points, Nifty at 3-year low

The pressure was so huge that all the sectoral indices closed in red at the closing of the trading session due to Coronavirus fears and global sell-off.

Mar 18, 2020

Coronavirus impact: Rampant price gouging by third-party sellers on Amazon and Flipkart

To prevent price gouging amidst the coronavirus scare, Amazon has suspended 2,500 seller accounts and removed 530,000 "high-priced product offers" from its online marketplace, while Flipkart has issued advisory to its nationwide sales network stating - products to be priced right in the fight against Covid-19.

Mar 18, 2020

Slugfest at Dalal Street continues as investors lose Rs 8 lakh crore in one session

The selloff in the global financial markets continued even as the US Federal Reserve slashed the borrowing rates to almost near zero, which is its second cut in less than a fortnight.

Mar 16, 2020

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Coronavirus fears continued to weigh on the investor sentiments as the BSE Sensex plunged over 2,100 points on Monday, March 16.

Mar 16, 2020

Mobile Phone prices in India to get dearer: Here are the new GST rates

At the 39th GST Council meeting held in New Delhi, Finance Minister Nirmala Sitharaman announced rationalization of tax rates on five sectors - mobile phones, fertilizers, footwear, renewable energy equipment, and man-made textiles. The GST rate on mobile phones will be hiked from the current 12% to 18%.

Mar 14, 2020

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Roller coaster Friday: Sensex recovers whopping 5400 points after hitting lower circuit

Soon after the trading session was resumed, the indices at both BSE and NSE Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows.

Mar 13, 2020

Coronavirus carnage: Sensex plummets over 3,000 points crash; trading halts for 45 mins

The S&P BSE Sensex was down over 3000 points to hit below 30,000 levels while the NSE barometer Nifty plummetted nearly 1,000 points or 10.07 per cent.

Mar 13, 2020

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

State Bank of India (SBI) has cut the interest rates on its savings bank account to 3 per cent and has also done away with the need for customers to maintain an average quarterly balance.

Mar 13, 2020

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

The trigger of such heavy withdrawal is believed to be the Yes Bank crisis that was superseded by the RBI placed restrictions on withdrawals.

Mar 13, 2020

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

In one of corporate India's biggest work from home experiments battling the spread of coronavirus, Flipkart mandates its 11,000-strong workforce to work-from-home for the next three days. Also, Bengaluru-based startups - Fintech player Instamojo, edtech player Unacademy, Urban mobility platform Bounce, social commerce firm Meesho and Zerodha have asked their staff to mandatorily work from home.

Mar 13, 2020

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Business news

Coronavirus outbreak forces Air Canada to knock off more than 5,100 of its staff

Rotomac bank fraud case: SFIO arrests Rotomac director, 2 officials of Frost International

Sensex plunges over 2100 points, Nifty below 8000 as Coronavirus cases jump

Markets extend losses, Sensex crashed 1700 points, Nifty at 3-year low

Coronavirus impact: Rampant price gouging by third-party sellers on Amazon and Flipkart

Slugfest at Dalal Street continues as investors lose Rs 8 lakh crore in one session

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Mobile Phone prices in India to get dearer: Here are the new GST rates

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Roller coaster Friday: Sensex recovers whopping 5400 points after hitting lower circuit

Coronavirus carnage: Sensex plummets over 3,000 points crash; trading halts for 45 mins

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

"They look like married couple": Sara Ali Khan decks up in pink for Kartik Aaryan's Ganpati dinner; fans react

Fake doctor examines patients in labour room of Kashmir's maternity hospital for 3 days; arrested [details]

Balakrishna's upcoming film: Anticipation grows as Vijay Sethupathi's decision awaited