Finance

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

Jio and Airtel are eyeing Reliance Communications' assets that include spectrum, towers, fibre network and real estate, heating up telco wars further.

Nov 26, 2019

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

Will Mukesh Ambani let rival Sunil Mittal's Airtel grab brother's RCom assets?

Telco wars worsen as Bharti Airtel bids for Anil Ambani's Reliance Communication's spectrum assets that Mukesh Ambani's Jio had previously tried to acquire.

Nov 13, 2019

Jeff Bezos, founder of Blue Origin and CEO of Amazon, speaks about the future plans of Blue Origin during an address to attendees at Access Intelligence's SATELLITE 2017 conference in Washington, U.S., March 7, 2017.

Billionaire Jeff Bezos now plans to own an NFL team

According to CBS Sports, Bezos spent considerable time around owners, including Washington Redskins' Dan Snyder, and is in the process of moving to Washington.

Nov 12, 2019

Are e-commerce firms Amazon and Flipkart going to face more regulatory pressure?

Brick-and-mortar traders have urged PM Modi to institute a ministerial-level inquiry into 'unholy nexus' between banks and e-commerce giants Amazon and Flipkart.

Nov 11, 2019

Will Mukesh Ambani play protective big brother to Anil against Chinese banks?

Three Chinese banks have taken Anil Ambani to London court over $680 million default on loan to defunct Reliance Communications Ltd; Banks claim the embattled tycoon gave a personal guarantee to the loans

Nov 9, 2019

Is realty sector next in line for Finance Minister Sitharaman's booster shot?

FM Sitharaman claimed the government and the RBI are working to resolve issues the realty sector is facing.

Nov 6, 2019

SBI to auction NPAs worth Rs 700 crore in November to recover dues

There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI's auction plan.

Nov 4, 2019

Clash of the titans: Will GVK succeed in keeping Adani out of Mumbai airport?

GVK raises Rs 7,600 crore to pare debt and buy 23.5% more stake in Mumbai Airport to raise ownership to 74%

Oct 29, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

DPIIT and the aviation ministry exploring options including easing of FDI norms to attract bidders for Air India after last attempt's failure

Oct 29, 2019

Worried about slowdown? Mercedes-Benz India sells 600 luxury cars on Dhanteras

The German carmaker's Indian arm said it delivered more than 250 cars in Delhi-NCR alone on Dhanteras; festival season sales surge promises turnaround for the slowdown-hit auto sector.

Oct 28, 2019

Backlash over Reliance Jio's decision to charge voice calls

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

The SC order upholding govt's calculation of the adjusted gross revenue will mostly affect top telco Vodafone Idea and third-placed Bharti Airtel; Reliance Jio being a relatively new firm owes minuscule part of the total dues of Rs 93,000 crore.

Oct 26, 2019

Investors lose Rs 53,000 crore as Infosys shares suffer worst fall in 6 years, ends 17% lower

Some anonymous Infosys employees have written to the company board accusing its CEO Salil Parekh and CFO Nilanjan Roy of being involved in unethical practices for several quarters.

Oct 22, 2019

Why is the world watching for Prime Minister Modi's response to Walmart letter?

Walmart boss Dough McMillon writes to Prime Minister Narendra Modi seeking more clarity for India's business regulations.