Business News


Layoffs mount as recession looms

Hiring has declined in technology that employs five million people in India, and another five million in the services segment associated with technology.

published : 27 Nov 2022

New refinery in Tamil Nadu to boost economic growth in the region

A Joint Venture Agreement has been signed by IOC and CPCL with five seed equity partners recently.

published : 27 Nov 2022

OYO posts R333 cr loss in Q2, plans IPO in Q1 2023 

Like many other new-age companies, Oyo is also a loss-making enterprise and there is significant curiosity around the valuation it would seek in the public market.

published : 27 Nov 2022

Big tech layoffs may be a long-term carnage

The Ukraine War has created a spiraling energy crisis and a global economic slowdown that is hitting Big Tech hard.

published : 27 Nov 2022

US bans gear from China's Huawei and ZTE over security risk

The move is the latest in a series of actions to limit the access of Chinese telecom firms to US networks and comes during a long-running standoff between the world's two biggest economies.

published : 26 Nov 2022

No plans to increase Amul milk prices in near future: GCMMF MD R S Sodhi

Earlier this week, Mother Dairy hiked prices of full-cream milk by Re 1 per litre and token milk by Rs 2 per litre in the Delhi-NCR market, citing rise in input cost.

published : 26 Nov 2022

Inflation hovers over shoppers seeking deals on Black Friday

Due to elevated prices for food, rent, gasoline and other essentials, many people were being more selective, and reluctant to spend unless there was a big sale.

published : 26 Nov 2022

RBI pauses onboarding of online merchants by Paytm Services; firm says no material impact on biz

Paytm said PPSL has now received a letter from RBI in response to an application for the authorisation to provide PA services for online merchants.

published : 26 Nov 2022

Pre-budget discussion: Jharkhand demands Rs 1, 36,042 crore due from Coal India

Oraon, during the discussion, also demanded an extension of GST compensation for the next five years.

published : 26 Nov 2022

India, UAE central banks discussing trade in rupee, dirham 

India's exports to the UAE rose by 17.6 per cent to about USD 18 billion during April-October this fiscal, according to the commerce ministry's data.

published : 26 Nov 2022

Series of steps underway to promote India-UAE trade pact to boost exports, says official

Speaking at the media briefing, India's Ambassador to the UAE Sunjay Sudhir said that states are being encouraged to organise road shows in places like Dubai.

published : 26 Nov 2022

HC rejects Amazon's plea alleging dilution of rights to broadcast India-NZ cricket series 

However, a private DTH operator, without any legal basis, approached the TDSAT to direct Prasar Bharti to share the cricket matches licenced to it, the plea stated.

published : 26 Nov 2022

Adani enterprises plans to raise Rs 20,000 crore

This is biggest FPO so far, bigger than YES Bank’s Rs 15,000 crore fundraise in July 2020

published : 26 Nov 2022

Want NDTV to become global news brand, says billionaire Gautam Adani

The offer price/floor price has been kept at Rs 294 and would end on December 5. On Friday, shares of NDTV gained 5% to close the session at `386.80.

published : 26 Nov 2022

PhonePe to acquire ZestMoney for USD 200-300 million

After the acquisition, ZestMoney will continue to operate as a separate entity.

published : 26 Nov 2022