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Manic Monday: Bank stocks plunge the most

The benchmark Sensex plummeted over 368 points to close at 35,657, while the Nifty tumbled 119 points to end at 10,661.55 amid weak global cues.

Markets News

Q3 earnings: Sales strong, but margins hit by low pricing power

The management at United Spirits, too, was tempered in its outlook for the coming months.

Industry News

GST refunds: State government tax officials to blame for 75% of blocked cases

This is largely because state authorities are new to dealing with service providers.

Industry News

Gobbling up: Swiggy, Zomato, Foodpanda, UberEats make a meal of investors’ funds

We believe at current scale and commission rates, these companies are making operating losses.

Industry News

Online retailing: Omni-channel the way forward for e-tailers as they look to improve customer experience

The online market is very under-penetrated. You cannot have a purely online strategy to grow fast for the next few years.”

Industry News

Damning Charges: CBI FIR against Chanda and Deepak Kochhar, Venugopal Dhoot for cheating

On Thursday, a day after it registered the FIR, the CBI conducted searches at four locations — the Mumbai and Aurangabad offices of Videocon Group and offices of Nupower Renewables and Supreme Energ

Chanda Kochhar, Chanda Kochhar news, Chanda Kochhar icici bank, cbi Chanda Kochhar News

Airfares shoot up as runway repair disrupts Mumbai traffic; 5,000 flights to be cancelled or rescheduled

A Mumbai International Airport (MIAL) spokesperson said the closure of the second runway would lead to cancellation of 230 daily flights. It handles around 36 arrivals and departures every hour.

flights cancelled, flights cancelled in mumbai, mumbai flights cancelled, flights, mumbai, mumbai airport News

Vodafone Idea to raise Rs 25,000 crore to reduce debt

Rs 18,250 cr to come from promoters — Rs 11,000 cr from Vodafone group and Rs 7,250 cr from Aditya Birla group

vodafone, idea, vodafone idea merger,  Vodafone Idea merger NEWS, Vodafone Idea merger name, vodafone idea News

Rahul Gandhi plays Priyanka card for Lok Sabha polls

ENDING a protracted will-she-won’t-she speculation within and outside the Congress and adding a new variable in the electoral battle for 2019, Priyanka Gandhi Vadra on Wednesday formally made a plun

priyanka gandhi, priyanka gandhi news, rahul gandhi, lok sabha elections 2019, News

Essar Resolution: NCLAT asks NCLT to pass order by January 31

The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Ahmedabad bench of the National Company Law Tribunal (NCLT) to pass an order by January 31 on the resolution of the debt-ridd

Essar Resolution, Essar Resolution NEWS, Essar Resolution NCLT,Essar Resolution NCLAT News

Exposure to IL&FS: Government to ask RBI for relief to banks

Public sector banks (PSBs) — already saddled with non-performing assets — will be hit harder than private peers as their capital base could shrink further and force them to turn to the government

rbi, rbi relief to banks, banks News

An uphill job: EPFO data too erratic to carry conviction

While these figures are cited by policymakers as proxy of jobs created (rather, they represent the pace of formalisation of jobs), the frequent, drastic revisions do make the EPFO figures suspect.

How to check PF balance, EPF Balance, PF balance, How to check, Aadhaar, UAN, mobile phone , SMS News

Single-brand retail: Easier sourcing rule soon for big-ticket FDI

India’s FDI policy has introduced a rather odd distinction between multi-brand and single-brand retailing; now, the policymakers are singling out the biggies in single-brand retailing from the rest

single brand retail, fdi, fdi in retail, News

IL&FS crisis aftermath: Govt, lenders to weigh solution

Recently, Liberty House missed the deadline to meet its commitment and to take over Amtek Auto, prompting banks to approach the National Company Appellate Law Tribunal (NCLAT) for action against the w

Industry News

No relief to telcos as govt likely to turn down 2-year moratorium request on payment of dues

A combination of rising payout to the government and falling telecom revenues as a result of the RJio competition, the share of telco revenues going to the government rose from 29% in FY08 to 60% in F

Industry News

Budget 2019: Income Tax exemption might go up to Rs 3 lakh from Rs 2.5 lakh

Narendra Modi government may try to consolidate its middle class voter base by offering income tax soaps.

Budget 2019, union budget 2019 News

Good news on salary front: India Inc pay packages seen rising 10% this year

HR professionals estimate there was a marginal drop in median pay increases from 10.5% in 2017 to 10% in 2018.

Industry News

Demonetisation report card: Tax notices after note ban yielded little

Deposits worth a few lakh crore in the banks post-demonetisation are reckoned to be cash that had remained out of the banking system for long, with a sizeable chunk of this being presumably untaxed ca

Economy News

Q3 earnings: Profits shrink as high costs nullify sales growth

Sales rose sharply but so did costs and competition, hurting India Inc net profits.

Industry News

No relief for Amazon, Flipkart: Feb 1 deadline for complying with e-commerce rules may stay

The government is unlikely to extend the February 1 deadline for e-tailers like Amazon and Flipkart to comply with latest changes to the foreign direct investment (FDI) guidelines announced in late De

Industry News

Year of small films: Low-budget movies make it big in 2018

With audiences less enthralled by big stars and looking instead for better storylines, it was the mid-budget movies that boosted the box office in 2018.

Entertainment News

Sebi nixes L&T plan for Rs 9,000 crore share buyback

The Securities & Exchange Board of India (Sebi) has denied permission to Larsen & Toubro (L&T) for its Rs 9,000-crore share buyback offer.

l&t, sebi, security and exchange board of india News

Slippery slope: Passenger vehicles exports continue to be on slow lane

To decline in the current fiscal for the second consecutive year.

passenger vehicle, economy News

Sun Pharma asks Sebi to probe role of media as shares plunge to six-year low

New report alleging corporate governance lapses sent to Sebi; the company asks regulator to examine ‘role of some media’

sun pharma, industries News

Budget 2019: FM Arun Jaitley has limited manoeuvring space after GST

Manoeuvring space for Jaitley though is limited, partly due to the fact that decisions regarding GST are being made by the GST Council.

gst, gst council, arun jaitley, finance minister arun jaitley News

Reliance on data: Jio will be the biggest contributor to group earnings by 2021

Reliance Jio, which debuted in September 2016, will become the largest contributor to Reliance Industries’ earnings by 2021, surpassing bulk earners petrochemicals and refining.

reliance jio, reliance, vodafone News
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