Companies News

US warns energy companies like Reliance Industries over ties to Venezuela's Maduro

US warns energy companies like Reliance Industries over ties to Venezuela's Maduro

Rosneft, Reliance, Repsol and Chevron have emerged as the main business partners for PDVSA since the United States imposed the steepest sanctions yet on the state-owned Venezuelan company in 2019.

Feb 06, 2020, 12:17 PM IST
Uber wins appeal in Brazil, court says drivers are not employees

Uber wins appeal in Brazil, court says drivers are not employees

Uber had argued that its platform is a digital intermediary, not an employer, and that drivers accept that condition when they sign on.

Feb 06, 2020, 08:10 AM IST
Goldman in talks with Amazon to offer small business loans - reports

Goldman in talks with Amazon to offer small business loans - reports

The project could go live as soon as March, the FT reported, citing two people familiar with the matter. Goldman and Apple Inc in March rolled out a virtual credit card to help build out the Wall

Feb 03, 2020, 22:48 PM IST
SpiceJet confirms data breach of 1.2 million passenger details

SpiceJet confirms data breach of 1.2 million passenger details

The database backup file on the system was unencrypted, allowing access to private information of more than 1.2 million passengers last month.

Jan 31, 2020, 16:38 PM IST
Indian-origin Arvind Krishna becomes new IBM Chief Executive Officer

Indian-origin Arvind Krishna becomes new IBM Chief Executive Officer

Krishna has replaced longtime CEO Virginia Rometty. Rometty, 62, will continue as executive chairman and serve through the end of the year when she will retire after almost 40 years with the company

Jan 31, 2020, 08:15 AM IST
Bank strike: 10 lakh bankers to boycott work on January 31 and February 1

Bank strike: 10 lakh bankers to boycott work on January 31 and February 1

The United Forum of Bank Unions (UFBU) has called a two-day nationwide bank strike from Friday (January 31) demanding early wage revision settlement, due since November 1, 2017.

Jan 31, 2020, 07:42 AM IST
McDonald's closes all branches in virus-hit Chinese province

McDonald's closes all branches in virus-hit Chinese province

US fast food giant McDonald's said on Wednesday it closed all of its restaurants in Hubei, the Chinese province at the epicenter of a virus outbreak that has spread beyond the country's borders.

Jan 30, 2020, 09:02 AM IST
Facebook warns revenue growth slowing, costs remain high

Facebook warns revenue growth slowing, costs remain high

The news raised concerns that Facebook`s best days were behind it, and shares of the world`s biggest social network dropped 7.2% in extended trading.

Jan 30, 2020, 07:48 AM IST
Microfinance institutions seek more refinance from DFIs in Union Budget

Microfinance institutions seek more refinance from DFIs in Union Budget

The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects.

Jan 28, 2020, 12:46 PM IST
HDFC Q3 net jumps 4 times high to Rs 8,372 cr on one-time gain

HDFC Q3 net jumps 4 times high to Rs 8,372 cr on one-time gain

The revenue for the quarter was at Rs 20,285.47 crore, up from Rs 10,575.03 crore logged in Q3FY19. The NBFC extended loans totalling Rs 20,475.59 crore during the period under review, as compared to

Jan 27, 2020, 23:26 PM IST
Maruti Suzuki announces price hike for select cars due to increase in input costs

Maruti Suzuki announces price hike for select cars due to increase in input costs

Maruti Suzuki India Ltd on Monday (January 27) announced a price change for select models owing to increase in input costs.

Jan 27, 2020, 20:35 PM IST
Government confident on getting a new buyer for Air India, says Aviation Minister Hardeep Puri

Government confident on getting a new buyer for Air India, says Aviation Minister Hardeep Puri

Hardeep Singh Puri informed that government has conducted eight roadshows to seek the interests of probable investors for Air India globally in the last two months. He further assured that Indigo

Jan 27, 2020, 17:02 PM IST
Industry body asks FM Sitharaman to slash GST on Auto LPG in Budget 2020

Industry body asks FM Sitharaman to slash GST on Auto LPG in Budget 2020

High GST rates on clean fuels and conversions kits are in complete variance to the government's stated green mobility push, IAC said in a statement.

Jan 27, 2020, 12:21 PM IST
Budget 2020: Import duty cut likely on raw material for fertiliser industry

Budget 2020: Import duty cut likely on raw material for fertiliser industry

In a bid to boost domestic manufacturing, the government is likely to go ahead with cut in import duty on raw material used in the fertiliser industry, sources said, adding that lower import duty on

Jan 27, 2020, 11:45 AM IST
Budget 2020: Consumer electronics industry seeks tax relief, incentives

Budget 2020: Consumer electronics industry seeks tax relief, incentives

The CEAMA has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line with the government's focus on sustainability in a pre-budget

Jan 27, 2020, 10:58 AM IST
Air India sale: All eyes on potential bidders like Tatas, Hindujas, IndiGo, SpiceJet

Air India sale: All eyes on potential bidders like Tatas, Hindujas, IndiGo, SpiceJet

Prospective buyers would have to respond to the Expression of Interest (EoI) by March 17, 2020. 

Jan 27, 2020, 07:40 AM IST
IRCTC issues advisory, cautions against fraud booking

IRCTC issues advisory, cautions against fraud booking

IRCTC portal offering tourism package has recently cautioned against fraud booking in its name by a fake website, offering tour confirmation voucher. The IRCTC has filed an FIR in this regard,

Jan 25, 2020, 17:05 PM IST
CBS, Japanese firm TDI enter into strategic alliance to bring new technologies in India

CBS, Japanese firm TDI enter into strategic alliance to bring new technologies in India

The alliance is aimed towards not only entering the Japanese market but also serving a huge population of Japanese clients, which are based out of India.

Jan 25, 2020, 16:20 PM IST
ZEEL declares Q3FY20 Results: Investments for growth continue despite slowdown

ZEEL declares Q3FY20 Results: Investments for growth continue despite slowdown

The Board of Directors in its meeting held today has approved and taken on record the unaudited consolidated financial results of Zee Entertainment Enterprises Limited (ZEEL) (BSE: 505537, NSE: ZEEL

Jan 24, 2020, 19:12 PM IST
Budget 2020: India Inc favours increase in standard deduction, incentives for housing loans

Budget 2020: India Inc favours increase in standard deduction, incentives for housing loans

Majority of respondents surveyed indicated that the Union budget 2020-21 will observe an increase in tax exemption limit to Rs 2.5 lakh per annum. 

Jan 24, 2020, 16:49 PM IST