Business

Another whistleblower from global software major Infosys accused its Chief Executive Officer (CEO) Salil Parekh of committing misdeeds and urged the Chairman and the board of directors to act against him on his volatile complaints.

"Th

Shares of Indian Railway Catering And Tourism Corporation (IRCTC) surged as much as 6.41 per cent to hit an intraday high of Rs 933.50 on the Bombay Stock Exchange (BSE). On the National Stock Exchange (NSE), IRCTC shares climbed as much as 6.50

Saudi state oil giant Aramco will sell 0.5 per cent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday.

The more

Indian Oil Corp, the country's top refiner, is considering importing Russian oil, its chairman Sanjiv Singh said on Monday, as the company aims to diversify its oil import sources.

India, the world's third-biggest oil importer and consumer, ships in about 60 per cent of its overall crude needs from the middle-eastern countries. The

The US is still a land of opportunity for immigrants. That is the implication of a new research paper by economists Ran Abramitzky, Leah Platt Boustan, Elisa Jacome and Santiago Perez.

Using historical Census data to compare the incomes of immigrant fathers and their native-born sons, the economists found that the second generation has been just as

Liquidity flows as well as positive sentiments on the back of better-than-expected quarterly results and the government's recent reform measures have the potential to lift the key equity indices higher during the upcoming truncated weekly trade, analysts opined.

Howe

The government will start roadshows for privatisation of ailing state-run Air India this week in Singapore with Disinvestment Secretary T.K. Pandey along with senior aviation ministry and Air India officials to brief the prospective buyers for complete stake sale in the airline.

Sources said Mr Pandey will be in Singapore this week along

State-run Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates with effect from November 1, 2019. PNB has lowered the interest rates by up to 20 basis points or 0.20 percentage point in select maturities, according to the public s

Even as it waits to expand its partnership with IndiGo, Doha-based Qatar Airways will first operationalise its new codeshare agreement with India's airline major by December.

According to Qatar Airways Group Chief Executive Akbar Al Baker,

Rating agency Moody's cut its global sovereign outlook for 2020 to 'negative' from 'stable' on Monday, saying disruptive and unpredictable world politics would slow growth and increase the risk of economic or financial shocks.

Moody's, which has already slapped downgrade warnings on Britain, South Africa, India, Mexico, Turkey and Hong

Total passenger vehicle sales in the domestic market increased 0.28 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Monday. A total of 2,85,027 passenger vehicles were sold in October, as

Domestic stock markets rose for the second straight week, with benchmark indices registering mild gains. The S-P BSE Sensex index manged to register a weekly gain of 158.58 points - or 0.39 per cent - while the broader NSE Nifty benchmark moved 17.55 points higher, marking a rise of 0.15 per cent, rising for three out of five trading sessions

Mumbai:  The rupee declined by 19 paise to end at 71.47 against the dollar on Wednesday. This is the lowest closing level for the currency since October 15. After opening marginally lower,the rupee fell to 71.54 against the dollar in intraday deal.

Surrounded by all the doom and gloom around the consumer sector, a paint producer got so much love from investors that it is now the most expensive stock in the country's benchmark index. Asian Paints' price-to-earnings ratio of 80.1 makes it the highest valued on the S-P

State Bank of India (SBI) - the country's largest lender - has reduced its key lending rates. The new marginal cost-based lending rates or MCLR will take effect from November 10, SBI said in a statement on Friday. The revision markets the seventh straight reduction in the MCLR by State Bank of India so far this financial year. Once the new rates

The country's economic slowdown deepened as the industrial production measured by the Index of Industrial Production (IIP) contracted for second month in a row in September. Index of industrial production contracted by 4.3 per cent in September, its

Chinese e-commerce giant Alibaba Group Holding Inc on Monday said sales for its annual Singles' Day shopping blitz hit 158.31 billion yuan (17.69 billion pounds) in its first nine hours, up 25 per cent from 126.72 billion yuan at the same point last

Lack of demand for passenger vehicles in the country has forced Maruti Suzuki, the country's largest carmaker, to cut its production for the eighth consecutive month. The company's total vehicle production last month stood at 1,19,337 units against 1,50,497 in October last year.

The production of passenger vehicles was down to 1,17,383

Country's power demand fell 13.2 per cent in October from a year ago, posting its steepest monthly decline in over 12 years, government data showed, reflecting a deepening growth slowdown in Asia's third-largest economy.

The South Asian country

State Bank of India (SBI) has revised its interest rates on fixed deposits in select maturity options. The new interest rates on term deposits - or fixed deposits - will come into effect from November 10, according to a press release by the country's

Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and

The Department of Telecom's (DoT) plans to hold the spectrum auction before the fiscal has not been put off and discussions are on to cut the auction prices to make it affordable for telecom companies, according to official sources.

There could be up to

Alibaba has extended its investment banking syndicate as it works towards a $10 billion-$15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter.

The online Chinese retail giant has

The S-P BSE Sensex and NSE Nifty 50 indexes ended on a flat note on Monday as gains in banking heavyweights like ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank and State Bank of India were offset by losses in Reliance Industries, Tata

The proceeds from government disinvestment currently stand at Rs 12,995.46 crore with the inclusion of Rs 637.97 crore realised from the initial public offer (IPO) of Indian Railway catering arm IRCTC, according to Department of Investment and Public

French luxury giant LVMH has not ruled out raising its initial $14.5 billion offer to take over US jewellers Tiffany, sources close to the deal told AFP on Friday.

The two groups resumed their stalled talks this week after Tiffany's board asked LVMH to

Axis Bank has revised its interest rates on retail fixed deposits with effect from November 5. The private sector bank offers interest rates to the tune of 3.50-6.85 per cent to the general public on fixed deposit (FD) up to Rs 2 crore, according t

Petrol prices were increased for third day in a row on Sunday, while diesel prices remained unchanged across the four metro cities. The price of petrol was increased by up to 21 paise per litre in the four metros - Delhi, Mumbai, Kolkata and Chennai on

Higher diesel exports from India will likely weigh on refining profit margins in Asia, analysts and traders said, as fuel demand growth is set to fall to its lowest in at least six years as the country's economy stutters.

State-owned refiners, such as Indian Oil Corp, Bharat Petroleum Crop and Hindustan Petroleum Corp, used to buy