Companies

Deep discounts by e-commerce players: Offline players demand similar deal

In its letter to Samsung, AIMRA argued that last year's festive season was worst ever in terms of sales for the offline mobile retail business and they have started to face the heat this year as well.

Oct 3, 2019

5G rollout: India may keep out Huawei as views converge after Modi-Trump talks

A few days after Prime Minister Modi's meeting with President Trump, a closed-door meeting of top officials of both countries narrows differences on contentious issues including Huawei role in 5G technology rollout.

Oct 3, 2019

Will slugfest of Vodafone, Jio and Airtel over ring duration affect your calls?

Trai intervenes after bare-knuckle slugfest breaks out over mismatch of interconnect usage charges after Jio cuts ringer duration hitting Vodafone-Idea and Airtel revenues.

Oct 2, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

Forever 21 files for bankruptcy as fast-fashion chain loses to e-commerce

The decision of closing around 350 stores worldwide, including 178 stores in its home market - the United States, comes after months of speculations.

Sep 30, 2019

Should RBI's regulatory action on Lakshmi Vilas Bank worry erring lenders?

Lakshmi Vilas Bank became second major private lender to get the rap under 'prompt corrective action' framework of the RBI, after the action against PMC Bank.

Sep 29, 2019

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LPG crisis looming? Cooking gas shortage could worsen during festival season

LPG vendors may begin rationing of LPG cylinders to customers as the effect of Houthi attacks on Saudi oil installations and fire at ONGC's Uran plant affects supplies in Karnataka, Maharashtra, Punjab, and Goa amid domestic shutdowns

Sep 28, 2019

PMC Bank customers panic after RBI restricts withdrawals

PMC Bank crisis exposes regulatory failures plaguing cooperative banking space

Reserve Bank of India failed to intervene though PMC Bank chairman Waryam Singh's close links with bankrupt real estate company Housing Development and Infrastructure Ltd was known for long.

Sep 27, 2019

L-R - Mr. Sachin Bansal, Tarun Mehta, CEO and Co-Foun ... r. Swapnil Jain, CTO and Co-Founder, Ather Energy

Sachin Bansal plugs into microfinance growth story with CRIDS investment

Former Flipkart CEO's return to an executive role with a Rs 703-crore investment in CRIDS is expected to help the rural microfinance company scale up operations.

Sep 26, 2019

India's strategic drive for LNG source diversification gets a boost with US deal

Petronet LNG will invest $2.5 billion in Tellurian Petronet's Louisiana project under proposed tie-up concluded in the presence of Prime Minister Narendra Modi

Sep 23, 2019

Indian IT companies pay better than local competitors in US: Report

The IHS Markit took the data from the US Bureau of Labor Statistics and other government institutions to compile the report, which was further clubbed with the numbers provided by Nasscom member companies.

Sep 23, 2019

Is Thomas Cook a casualty of Brexit uncertainty as lenders remain tightfisted?

Prolonged Brexit uncertainty is to partly blame for the failure of the world's oldest travel group to raise enough cash to service debt leading to bankruptcy.

Sep 23, 2019

Travel giant Thomas Cook goes belly up but it's business as usual in India; here's why

The UK travel giant said on Monday it filed for bankruptcy after last-minute efforts to secure a $250 million funding from private investors failed.

Sep 23, 2019

British travel company Thomas Cook collapses, stranding 150,000 travellers abroad

Thomas Cook chief executive Peter Fankhauser says firm's collapse is a "matter of profound regret" and apologises to millions of customers and thousands of employees.

Sep 23, 2019

Will Sitharaman's tax tweak snare capital fleeing China over US trade war?

Finance Minister Nirmala Sitharaman's sweeping reforms slashing corporate tax rates to bring them at par with most South Asian and Southeast Asian nations are expected to trap investments headed even to low-tax destinations like Bangladesh and Vietnam.

Sep 21, 2019