business

Grocery buying, medical bills guided lockdown spending: CRED data

When the lockdown was announced in late March, Delhiites felt the need to tank up which led to a substantial…

June 2, 2020

Covid-hit MakeMyTrip lays off 350 employees, says no respite in sight

According to an internal letter from Founder Deep Kalra and CEO Rajesh Magow sent to employees, the impacted employees will…

June 1, 2020

Venture capital firm Antler announces entry into India

Antler plans to invest in up to 40 companies within its first year of operations in India through an India-dedicated…

June 1, 2020

‘RIL well placed for zero net debt target, more 3% stake sale likely in Jio’

Based on its reported net debt of Rs 1.6 trillion (1.6 lakh crore), RIL would comfortably achieve zero net debt…

May 28, 2020

1 in 10 Indian jobseeker lost job, most think layoff imminent: Naukri

Out of the 10 per cent of jobseekers who have already been laid off, 15 per cent were from the…

May 27, 2020

Uber India lays off 600 employees as virus hits business

Uber India on Tuesday announced to lay off around 600 full time employees due to impact of the coronavirus crisis.

May 26, 2020

Homefoodi plans to expand operations in 10 cities within 2 yrs

Through the Homefoodi mobile app, consumers now have access to home-made food from over 200 chefs in homes across Noida,…

May 24, 2020

Indian unicorns, startups managed to raise funds; lead in sacking employees

Zomato, which is also a favourite among investors, also got hit hard by the COVID-19 pandemic, leading it to announce…

May 24, 2020

KKR to acquire 2.32% stake in Jio Platforms for Rs 11,367 crore

Jio's vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants,…

May 22, 2020

Disruptors to define entertainment business in post-COVID world: Study

The impact of COVID-19 has been unprecedented in the media and entertainment industry, as in every other sector, with many…

May 21, 2020

Johnson & Johnson to stop selling baby powder in U.S. and Canada after lawsuit

J&J faces more than 16,000 lawsuits from consumers claiming its talc products, including Johnson's Baby Powder, caused their cancer

May 20, 2020

RBI directs HDFC to reduce stake in HDFC Ergo, HDFC Life to 50% or below

The RBI has directed that post merger of HDFC Ergo Health Insurance Company Limited with HDFC Ergo General Insurance Company,…

May 18, 2020

Food delivery platform Swiggy sacks 1,100 employees as Covid-19 derails Cloud kitchens

All impacted employees will receive at least three months of salary, irrespective of their notice period or tenure, Sriharsha Majety,…

May 18, 2020

Permanent work from home damaging for workers’ well-being: Nadella

Microsoft spent $10 billion in its most recent quarter on share buybacks and dividends, up more than 30 per cent…

May 18, 2020

Reliance Retail’s success in JioMart could change industry dynamics: Jefferies

Reliance Retail's partnership with WhatsApp holds promise for RRL's new commerce platform, JioMart. The pilot, launched in some geographies last…

May 17, 2020

Commercial coal mining allowed, 50 blocks to be offered soon

In a major reform, the Union government has decided to permit commercial mining of coal.

May 16, 2020

Zomato lays off 13% workforce, up to 50% salary cut for rest

Over the next couple of days, the company will get on Zoom video calls with the impacted employees to walk…

May 15, 2020

Share Market LIVE: Nirmala Sitharaman’s 3rd press meet on economic package at 4 pm today

Stock market today LIVE Updates: Sensex dipped 245.33 points or 0.79 percent to 30,877.56 while the Nifty was down 62.35…

May 15, 2020

Vijay Mallya ready to repay 100% money he owes to state owned banks; seeks closure of case

Earlier this month, Mallya had filed an appeal in the UK Supreme Court after losing an appeal in the London…

May 14, 2020

Finance Minister reveals 6 measures for MSMEs under Centre’s stimulus plan

Finance Minister Nirmala Sitharaman on Wednesday detailed six measures for supporting the country's MSME sector under the Centre's massive stimulus…

May 13, 2020

IRCTC ticket booking: Tips to get confirm ticket online of special trains amid lockdown

These trains will be run as special trains from New Delhi Station connecting 15 important cities of the country. IRCTC…

May 11, 2020

Sovereign Gold Bond Scheme: Meaning, benefits, expert view

The Reserve Bank of India (RBI) will open the second installment of the government-run Sovereign Gold Bond (SGB) scheme 2020-21…

May 11, 2020

ICICI Bank’s Q4FY20 standalone net profit up 26%

According to the bank, its net profit during the quarter under review rose to Rs 1,221 crore from Rs 969…

May 9, 2020

World Fair Trade Day 2020: History, facts about fair trade

World Fair Trade Day was created by the World Fair Trade Organization (WFTO) in 2004. The World Fair Trade Organisation…

May 8, 2020

SBI Cards beats coronavirus disruptions, reports 44% jump in FY20 profit

SBI Cards performed better on coverage of its credit cards than several of its peers.

May 8, 2020