The competition to purchase Reliance Capital (RCap) in bankruptcy has attracted five bidders. There have been no individual bids for Reliance's ownership of the life and general insurance companies, which make up 90% of the group value, and...
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4th Jun 2023 | Updated at 04:22pm 4th Jun 2023
India Inc wants RBI to go slow on interest rate hikes
India Inc is pressing the RBI to hold off on rate increases as borrowing prices rise. According to information made public by the trade group Ficci, the average interest rate grew by one percentage point to roughly 9.4% during the most recent...
Google adjusts India app store policy after CCI command
After failing to receive any quick remedy from the courts against the CCI order, which ruled that it had abused its dominant position and engaged in anti-competitive conduct in India, Google has begun to make modifications to its policies regarding...
The owners of Air India and Vistara have decided to combine their local airline operations, creating India's largest international carrier and second largest...
About 10,000 "low performing" employees would apparently be let go by Alphabet, Google's parent firm. Around 6% of its workforce is made up of them. The decision was made during the Big Tech Layoff Season, which was launched by Meta, Amazon,...
One 97 Communications, the operator of digital payments provider Paytm, has capped the worst first-year share plunge among large IPOs over the past decade...
Indian markets march to newer heights remains unabated despite weak global cues. S&P BSE Sensex and Nifty opened cautiously and momentum picked up as the session progressed. Sensex was trading at 62,864.29, up 359.49 points or 0.58 per cent...
Shareholders of HDFC have approved the merger of the housing finance company with its banking arm in an extraordinary general meeting (EGM). Over 99.9% of the votes were polled in favour of the merger. Addressing shareholders in the EGM, HDFC...
Amazon.com said that it would shut down its online learning platform for high-school students in India less than two years of its launch, without citing a reason.
Billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage,...
Social media giant Meta, which runs apps such as Facebook, Instagram and WhatsApp, has appointed Sandhya Devanathan as the vice-president for Indian operations.
The official data showed the exports contracted for the first time since February 2021 and imports grew at their slowest pace in 21 months, widening the trade deficit in October.
