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Reliance Industries chairman Mukesh Ambani.

Billionaire Ambani's Reliance posts record profit on consumer strength

The company had previously said it would sign a definitive agreement with Aramco by March 2020.

18 Jan 2020 10:23 AM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Moody's places Yes Bank's ratings under review; direction uncertain

Moody's has downgraded Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA to caa2 from b3.

17 Jan 2020 12:22 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Jet Airways to sell Netherlands biz to KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process.

17 Jan 2020 10:54 AM IST

Jeff Bezos, founder and CEO of Amazon.com

Amazon chief says to invest USD 1 bn in digitizing small businesses in...

Amazon has committed USD 5.5 billion in India investments and sees the country as a key growth market.

15 Jan 2020 1:13 PM IST

The expansion is a big step to uplift the retail business in that region.

ePaisa expands its POS solution in the West Bengal market

The cloud-based POS comes with the new Retail OS with much more upgraded features.

15 Jan 2020 11:23 AM IST

FMCG firm Wipro Consumer Care and Lighting on Thursday said it plans to invest Rs 220 crore to set up a new manufacturing facility for personal care products in Telangana.

Wipro reports 2.2 pc dip in Q3 net income at Rs 2,460 crore

The IT services segment revenue was at 2.09 billion dollars, marking a sequential growth of 2.2 per cent.

15 Jan 2020 11:17 AM IST

Once the suspension orders are lifted, our services will be fully up and running, an Airtel customer care executive said. (Photo: PTI)

Airtel special committee clears issue price of USD 3 bn fund raising

The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.

15 Jan 2020 11:11 AM IST

Over the years, it has become a day that holds importance in different ways for different people.

Makar Sankranti special: Invest in Bajaj Finance fixed deposit

A Bajaj Finance FD is ideal when you're working towards a goal as it offers a fixed rate of interest: 8.35 per cent for...

14 Jan 2020 1:31 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

Indian Oil Corp seeks six LNG cargoes for April-Dec delivery: sources

The refiner was seeking the cargoes on a delivered ex-ship (DES) basis, one of the sources said.

14 Jan 2020 11:00 AM IST

Amazon has since not responded to further requests for comment. (Representational image/ Photo: AFP)

India orders antitrust probe of Amazon, Walmart's Flipkart

Walmart in 2018 invested USD 16 billion to buy a majority stake in India's Flipkart, its biggest ever deal.

14 Jan 2020 10:57 AM IST

Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra.

Walmart sacks around 50 executives in India restructuring: sources

The move underscores the struggles Walmart has faced in expanding its wholesale business in India.

13 Jan 2020 11:02 AM IST

The Competition Commission has found a prima facie case for investigation against MakeMyTrip-Go and Oyo for alleged violation of the Competition Act, 2002.

Tax officials conduct surprise search at SoftBank-backed Oyo

In November, internal projections showed Oyo's India business will likely make losses until 2021.

11 Jan 2020 11:03 AM IST