Trump postpones decision on auto tariffs for 6 months

Washington, May 18 (IANS) The US President has postponed for six months a decision on whether to slap tariffs on imports of automobiles and auto parts from trading partners such as the European... Read more »

Congress ‘Modi government dismantled India’s economy’

New Delhi, May 18 (IANS) The Congress on Friday said that the Modi government will be shown the “exit door” by the people of India on account of an atmosphere of “fear, despair,... Read more »

Spencer’s Retail to acquire Godrej’s Natures Basket

Kolkata, May 17 (IANS) The RP-Sanjiv Goenka Group controlled Spencer’s Retail on Friday said its board of directors has approved acquisition of 100 per cent stake in Nature’s Basket Ltd, a wholly-owned subsidiary... Read more »

Musk to personally examine, review all Tesla expenses

San Francisco, May 17 (IANS) To cut losses, Tesla CEO Elon Musk has decided to personally examine and review every expenditure at Tesla, no matter how small, alongside Zach Kirkhorn, the company’s Chief... Read more »

ED questions Kochhars for 5th consecutive day

New Delhi, May 17 (IANS) The Enforcement Directorate (ED) questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar for a fifth consecutive day on Friday in connection with the Rs... Read more »

BSNL expects liquidity position to improve in Q2

May 17 (IANS) After facing cash crunch for some months, state-run Bharat Sanchar Nigam Limited (BSNL) is expecting normalcy in cash flows in the second quarter (July-September) of FY20, according to the BSNL... Read more »

Chanda Kochhar Money Trail-VIII: Dragnet closes in on Chanda & Deepak Kochhar

May 17 (IANS) As the dragnet closes in on the Chanda Kochhar-Deepak Kochhar family enterprise, investigative agencies have found several fresh money trails. One that is extremely perturbing and damaging is the financial... Read more »

Report of ‘rift’ between IndiGo’s pormoters surfaces; airline calls it speculation

 May 15 (IANS) Even as a report on Wednesday claimed an alleged rift between budget passenger carrier IndiGo’s promoters — Rahul Bhatia and Rakesh Gangwal — the airline denied any such developments calling... Read more »

India’s merchandise exports inches up in April; trade deficit widens

May 15 (IANS) India’s merchandise exports inched up 0.64 per cent, on a year-on-year basis in April, to $26.07 billion from $25.91 billion reported for the corresponding month of last year, official data... Read more »

Boeing reported zero new orders for jets in April

May 15 (IANS) Boeing said in a report that not only did the 737 MAX receive zero new orders since it was grounded worldwide in March, the company’s other jets, such as the... Read more »

Senior management exit Jet as revival hopes fade

May 14 (IANS) An exodus of senior management personnel has hit the now grounded Jet Airways on Tuesday, further damaging hopes of the airline’s revival. The airline’s CEO, CFO and Company Secretary have... Read more »

Paytm Mall hit with Rs 5-10 crore cashback fraud

May 14 (IANS) Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs 5-10 crore. The fraud was detected through a tool... Read more »

ED attaches Rs 483-cr properties of Tayal Group

New Delhi, May 14 (IANS) The Enforcement Directorate (ED) has attached immovable properties worth Rs 483 crore of Mumbai-based KSL and Industries Ltd for allegedly fraudulently availing loans worth Rs 524 crore from... Read more »

‘Reinventing’ itself, says IBM on reports of sacking 300 workers

New Delhi, May 14 (IANS) After media reports surfaced that tech giant IBM has sacked 300 employees from its services division in India, the company on Tuesday said it is “re-inventing” itself to... Read more »

Amazon to give financial aid to employees’ start-ups

San Francisco, May 14 (IANS) In an attempt to help its US-based employees quit their jobs and establish their own businesses, Amazon has announced to fund employees with up to $10,000 for their... Read more »

Europe warns US not to escalate tensions with Iran

Brussels, May 14 (IANS) The European Union (EU) and member states’ foreign ministers told US Secretary of State Mike Pompeo to exercise maximum restraint and avoid any escalation on the military side with... Read more »

Trump threatens to slap more tariffs on Chinese imports

Washington, May 14 (IANS) US President Donald Trump has said that he is prepared to impose tariffs on virtually all Chinese imports to the US as the trade war between the world’s two... Read more »

Chanda Kochhar Money Trail-IV: Ubiquitous Mhatre locked in Kochhar family enterprise

New Delhi, May 14 (IANS) As one goes deeper and deeper into the concentric circle of rot left behind by the Kochhars, the revelations are confounding. La Familia was never of this magnitude... Read more »

Etihad puts riders for fund infusion, Jet revival an uphill task

May 13 (IANS) Attaching too many riders for infusing funds into grounded Jet Airways, the Abu Dhabi-based Etihad has put the onus of reviving the airline on lenders led by State Bank of... Read more »

UBI posts Rs 95.18 cr net profit in Q4

May 13 (IANS) State-run United Bank of India (UBI) on Monday said it has posted a net profit of Rs 95.18 crore in the fourth quarter of the financial year 2018-19 (FY19), after... Read more »