Companies

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

NAVs plummet up to 57% for mutual funds with substantial exposure to DHFL paper that rating agencies downgraded to 'default'; exposure of some funds may have exceeded the Sebi-mandated 10%.

Jun 6, 2019

Does Huawei's Russia 5G deal signal a new world trade order split down middle?

Chinese giant ties up with Russia's MTS to deploy 5G technology as Xi begins three-day Russia visit for a summit with Putin amid escalating US-China trade war.

Jun 6, 2019

The Air India plane flying the inaugural trip from Lucknow,

Air India divestment: Will Modi 2.0 get second time lucky with 100% stake sale?

The Narendra Modi government is taking up unfinished business on a priority basis and Air India privatisation is top on the agenda.

Jun 5, 2019

uber ola cabs surge pricing licence karnataka taxi hailing aggregators, uber drivers, ola drivers, uber driver strike

Ola and Uber see bumpy ride ahead amid slow growth

In recent months, there has been an exponential cut in driver incentives which has led to supply shortage of the driver partners of these taxi hailing services. This has directly impacted the growth of their businesses.

Jun 5, 2019

Zomato announces better parental leave benefits to all staff including men, non-birth parents and LGBTs

Zomato delivers liberal parenthood norms but leaves field staff out in the cold

App-based food delivery firm introduces 26 weeks' parental leave for all employees but the plight of thousands of field staff remains unchanged

Jun 4, 2019

Indian industry seek corporate tax rate cut to 20% in upcoming budget

The Confederation of Indian Industry (CIII) called on Modi to push reforms in the budget so as to boost private investment and domestic consumer demand and achieve 8-10 percent economic growth rates over the next few years.

Jun 4, 2019

Global airlines slash profit forecast 21% on protectionism fears

The International Air Transport Association, which represents about 290 carriers or more than 80% of global air traffic, said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

Jun 2, 2019

Meet Kishin RK, Singapore's youngest billionaire and realty tycoon

Kishin RK says a businessman needs to have a clear vision about the future. The CEO and founder of RB Capital Group has many things to offer and many milestones to achieve in the coming days.

May 30, 2019

US war on Huawei: How careers of regular employees are hit

New York-based Institute of Electrical and Electronics Engineers decides to ban Huawei employees from participating in peer review of research papers.

May 30, 2019

Arbitration court rejected India's plea in case against Japan carmaker Nissan Motor

Singapore court rejects India's plea in case against Nissan

Nissan Motor had sent a legal notice to Tamil Nadu claiming unpaid due worth Rs 5000 crores in 2016.

May 30, 2019

MacKenzie Bezos pledges to donate half her $36 billion fortune to charity

MacKenzie's decision follows the movement founded by billionaires Warren Buffett and Bill and Melinda Gates.

May 29, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba plans to raise $20 billion in Hong Kong listing

Alibaba is considering to raise as much as $20 billion through a secondary listing in Hong Kong, lining up a second blockbuster deal, following its 2014 $25 billion float in New York.

May 28, 2019

Jet Airways threatened with bankruptcy proceedings

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019