Topics: Business News

Amazon may fall under FTC’s jurisdiction on the antitrust case

Following an agreement between the Federal Trade Commission (FTC) and the Department of Justice (DOJ), e-commerce giant Amazon could fall under FTC's jurisdiction on...

Zomato’s Bharatvarsh expansion, now available in more than 300 cities

In an attempt to increase the business presence in the country, A Gurgaon based online food delivery company Zomato has said that “The...

Hero FinCorp to buy Anil Ambani’s Reliance General Insurance business for Rs 5,500 to 6,000 crore

India's leading retail and commercial lending firm Hero FinCorp is in an advanced talk of buying Reliance General Insurance (RGI) a company owned Reliance...

Fortis Healthcare reports a net profit of Rs 151 cr in Q4

Fortis Healthcare has reported a consolidated net profit of Rs 151.19 crore for the quarter ended March, as against a net loss of Rs...

GoAir offers one million seats for Rs 899

In one of its largest-ever discounted ticket schemes, budget carrier GoAir May 24 put one million seats up for grabs with fares starting at...
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InstaReM to offer cross-border payments service for KASIKORNBANK clients

Asia's leading digital cross-border payment company InstaReM has partnered with Thailand's leading bank KASIKORNBANK (KBank) to provide cross-border payments for bank's client. The company in...

Tech Mahindra secures Rs 300 crore defence deal from Indian Navy

IT major Tech Mahindra Tuesday said it has signed a defence contract worth Rs 300 crore, its biggest till date. As part of the...

Walmart to make its first direct pitch to big corporate advert buyers at New York event

Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising...

Yoshihide Suga: Japan’s Government already planning steps to ease pain from sales tax hike

Japan's government is already planning to take sufficient steps to mitigate the pain a scheduled sales tax hike in October could inflict on the...

US to scale back Huawei trade restrictions to help its existing customers

The US Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week's blacklisting would have made it...
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Indian junk bonds make a big comeback in 2019

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally...

Infinix Mobile is expecting the growth of 50 to 60 percent from smartphone sales

Mobile device maker Infinix expects around 50-60 percent growth in its smartphone sales this year with its focus on customers in the economy segment,...

Crude oil futures gains 0.65 percent on a global trend

Crude oil futures rose by Rs 30 to Rs 4,623 per barrel on Tuesday as speculators created fresh positions, tracking a firm trend at...

Huawei reports 39% growth of $27 billion in Q1, despite US pressure on the world and its allies

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm's first-ever quarterly...

ITC moves National Company Law Tribunal court against Hotel Leela Venture

One of India's biggest FMCG company ITC has filed a case against Hotel Leelaventure at National Company Law Tribunal. In a regulatory filing at the...
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Nasim Zaidi resigns from Jet Airways board

Jet Airways, an Indian airline company which has grounded for more than a month has announced that "One of its non-executive and non-independent director...

UAE, Saudi Arabia commits $3 billion as financial aid to Sudan

Saudi Arabia and the United Arab Emirates said they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the...

Apple to face legal action over violating the security exchange act

A lawsuit filed in the US has alleged that Apple violated the country's Securities Exchange Act by hiding a slowdown in demand for iPhones,...

Ashish Sinha: India’s growth trajectory holds tremendous potential for global stakeholders

India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has...

Walmart is committed to Indian market says Walmart CEO Doug McMillon

Almost a year into writing a USD 16 billion cheque for Flipkart, Walmart CEO Doug McMillon Tuesday said the retail giant continues to be...
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Wall Street signs positive earning growth

US stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings,...

Asian internet companies are competing with traditional banks on consumer finances

Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed...

SoftBank is picking its battles with US national security board

SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make...

Jet Airways pilots body urges State Bank of India to release fund of Rs 1,500 crore

Jet Airways pilots body, the National Aviator's Guild, on Monday appealed the State Bank of India (SBI) to release Rs 1,500 crore, which was...

Foxconn chairman Terry Gou to step down in coming months

The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants...
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IMF’s bailout package for Pakistan to be delayed: Reports

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and...

Mike Pompeo defends sanctions, says the US won’t quit fight in Venezuela

US Secretary of State Mike Pompeo on Friday defended sanctions on Venezuela and said the United States would not "quit the fight" in the...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sought to register FIRs against airlines' founder Naresh Goyal, chief executive...

Shaktikant Das: Monetary economics in emerging markets needs a rethink

Observing that the global financial crisis has exposed several limitations of conventional and unconventional monetary policy tools, Reserve Bank of India (RBI) Governor Shaktikanta...

Crude oil futures up by 0.93 percent on positive overseas market signs

Crude oil prices rose by Rs 41 to Rs 4,430 per barrel in futures market Friday as speculators created fresh positions, taking positive cues...
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