Companies

Royal Enfield Interceptor 650 & Continental GT 650

Jawa spoils Enfield's party; Eicher Motors sinks 7.5% as December sales plummet

Royal Enfield sales in December dropped more than 13 percent to 58,278 units, down from 66,968 in the same period the previous year.

Jan 2, 2019

Sachin Bansal pays Rs 699 crore advance tax on gains from Flipkart-Walmart deal

The Income Tax department had directed Sachin Bansal, Binny Bansal and the company's stakeholders to disclose their capital gains made after the Flipkart-Walmart deal.

Jan 2, 2019

Debt-laden Jet Airways defaults on loan repayment

Earlier in the week the company's shares saw a spurt after reports said the management was in talks with the State Bank of India for a Rs 1,500 crore interim loan.

Jan 2, 2019

Facebook ad revenues in the US see a gradual slump

In the third quarter of 2018, Facebook's year-over-year ad-revenue growth rate was 16 percent, compared to the 30 percent in the second quarter and 35 percent in the first quarter of that year, Forbes reported on Monday citing data from Standard Media Index (SMI).

Jan 1, 2019

UCO Bank shares zoom 15% after Rs 3,074 crore equity infusion from govt.

The government has announced a Rs 65,000 crore package for recapitalising public sector banks in the country during 2018-19. As much as Rs 23,000 crore has been disbursed so far.

Jan 1, 2019

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Jet Airways shares scramble on reports that Etihad would offer loan guarantee

Jet Airways, once a success story in Indian aviation, has been alternating between attempts to raise cash in the market and find a new buyer.

Dec 31, 2018

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Kotak Mahindra Bank shareholders on edge as promoter equity deadline looms

With the promoters refusing to yield the bank is running the risk of coming under RBI action similar to what Bandhan Bank underwent in September

Dec 29, 2018

IndiGo's poor customer care record forces parliamentary panel to flag airline

Committee raps low-budget carrier's policies towards excess baggage, approach to customer complaints and festival season fares.

Dec 28, 2018

Death of diesel? Maruti to shut down one of the plants making engines - Report

Maruti is looking at deepening the partnership with larger global rival Toyota, which would help it crack the electric and hybrid market in the years to come.

Dec 28, 2018

HDFC Group vs Tata Group: Ultimate race to become India's largest conglomerate

After giving lead to HDFC Group on Wednesday, Tatas regained dominance on Thursday with the highest market cap.

Dec 27, 2018

GST anti-profiteering case: Hindustan Unilever to take legal route against NAA order

Hindustan Unilever argued that it has always accepted Goods and Services Tax (GST) as a progressive tax which will benefit consumers and the industry both.

Dec 27, 2018

Apple, iPhone XR, PRODUCT RED, World AIDS Day

iPhone made in Chennai: Foxconn to make high-end Apple devices in India - Report

In all probability Apple would look at exporting units made locally as cost-sensitive India is not yet a major market for it.

Dec 27, 2018

Patanjali sales slump for first time since 2013 due to stiff competition and distribution issues

The reasons attributed to the dip in sales and profits include stiff competition with many rivals companies, mostly multinationals, an introduction of natural and herbal products as well as its own distribution issues post-GST rollout.

Dec 27, 2018

Trump to invoke national emergency to ban China's Huawei and ZTE in US

In August, President Trump signed an order banning US government and government contractors from using Huawei and ZTE equipment.

Dec 27, 2018

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Hindustan Unilever fined Rs 383.35 crore for GST profiteering

It is to be noted that this is the highest fine imposed by the NAA for profiteering complaint against any company which is more than double the amount it has already deposited in the Central Consumer Welfare Fund.

Dec 26, 2018