Companies

Here's why Swiggy and Zomato are registering a drop in orders

In the last few months, the online food delivery apps have drastically changed their pricing across the portfolios of services they are ordering.

Jan 27, 2020

The Air India plane flying the inaugural trip from Lucknow,

Bid adieu to Maharajah: Govt invites bids for 100% divestment of Air India

An initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018.

Jan 27, 2020

My Country Mobile Provides International Virtual Phone Numbers to over 70 Different Countries

My Country mobile connected to over 1000 telecom operators around the world. My Country Mobile has launched Callmama - Free calling app around the world.

Jan 24, 2020

Zomato acquires Uber Eats India for Rs 2,485 crore; over 100 workers face job uncertainty

The all-stock deal is likely to push Zomato to the top position in India's food delivery market, ahead of Swiggy.

Jan 21, 2020

HDFC Bank third-quarter net up 33% on loan growth, beats estimates

HDFC Bank reported a net profit of 74.16 billion Indian rupees ($1.04 billion) for its third quarter, up from 55.86 billion a year earlier.

Jan 19, 2020

Big blow to Airtel, Vodafone Idea as SC rejects plea for relief on government dues

The Supreme Court in October 2019 upheld a long-standing demand by the country's telecoms department that wireless carriers pay 920 billion rupees ($12.98 billion) in overdue levies.

Jan 17, 2020

HDFC Bank customers watch out: Crucial services to be affected on Jan. 18

HDFC Bank has issued an alert for scheduled maintenance that affects its credit card customers. Read on to find out more about the outage.

Jan 16, 2020

This is what Jeff Bezos has to say about India at Amazon's Delhi event

Jeff Bezos said that Amazon would use its global footprint to export Made in India goods worth $10 billion by 2025.

Jan 15, 2020

Another WeWork in making? Softbank backed Oyo Rooms fire 20 percent of workforce

Oyo will be firing around 2400 employees which currently has an overall work strength of 12,000 in India.

Jan 14, 2020

CCI to investigate Flipkart, Amazon deep discounting on mobile phones

The CCI observed that the exclusive arrangements between phone brands and e-commerce platform, coupled with the allegation of linkages between these preferred sellers and e-commerce companies merits an investigation.

Jan 14, 2020

Walmart India fires 8 senior staff among 56 executives as part of restructuring

Walmart, the world's largest retailer is also preparing to wind up its physical presence in India and will continue to cut staff.

Jan 13, 2020

Ex-director of Yes Bank seeks SEBI probe into insider-trading

Former director Uttam Prakash Agarwal has asked SEBI to investigate whether the process followed by MD and CEO Ravneet Gill had been law-compliant.

Jan 13, 2020

IL&FS adds Rs 3,333 crore cash in a liquidity boost

As a result of these efforts, cash and cash equivalent balances across IL&FS Group entities has since September 30, 2018, increased by Rs 3,333 crore to Rs 6,534 crore.

Jan 12, 2020

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Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53).