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Other automakers are likely to follow suit, which would lead to loss of at least contractual jobs.

Auto companies in India cut more jobs, halt production to tackle...

Automakers, component manufacturers and dealers had already cut 350,000 jobs.

23 Aug 2019 9:23 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Bank to offer 2 million credit/debit cards to millennials

The cards, christened Millennia come with a slew of features like a 5 pc cash back on shopping and an 1 pc fuel...

23 Aug 2019 9:02 AM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

Anil Agarwal's Twin Star Tech not to bid for RCom assets

Reliance Jio in December 2017 had signed a mega deal with RCom for buying wireless spectrum, tower.

23 Aug 2019 8:58 AM IST

The net absorption of office space increased 60 per cent to 1.8 million square feet (msf).

Flexi work spaces see 52 per cent growth in H1

Office space has remained hot property in recent times.

23 Aug 2019 5:37 AM IST

Few large retail outlets have already started advertising the downward revised prices of FMCG items.

FMCG volumes may revive in Q4

The volume growth in FMCG sector has slowed down in the wake of the rural slowdown, liquidity tightening and a dip in...

23 Aug 2019 5:35 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Nifty sees bearish flag breakdown

The Sensex breached the 37,000 level while the Nifty ended below the 10800 mark.

23 Aug 2019 5:33 AM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

India's new festival splurge: Grocery and apparel

Transactions at grocery stores accounted for 24 per cent of the total volume on Independence Day.

23 Aug 2019 1:39 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

GDP growth seen falling to 6 per cent and GVA to 5.8 per cent in Q1

Icra attributed this to a slowdown in the expansion of industry (from 9.8 per cent to 5 per cent) and agriculture (from...

23 Aug 2019 1:37 AM IST

The report also pointed out that illegal sand mining ban, stalling of construction has hit sales of tractor.

Cheerless festival ahead for autos

On government's intervention with a stimulus package, he said there was no certainty if this would happen.

23 Aug 2019 1:34 AM IST

Keeping the flood scenario in many parts of the country, recently the Insurance Regulatory and Development Authority of India (IRDAI) advised insurance companies to expedite claim settlement.

Floods: Insurers expect over Rs 1,000-cr claims

Two senior officials of a public sector insurance company said the industry expects as many as 10,000 floods-related...

23 Aug 2019 1:31 AM IST

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Oil companies stop fuel supply to Air India at 6 airports due to...

However, an official said the flight operations of the airline are currently normal and unaffected.

22 Aug 2019 8:25 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Small startups with turnover up to Rs 25 cr to get promised tax...

Since the intention was to support the small startup, the turnover limit of Rs 25 crore was considered reasonable, CBDT...

22 Aug 2019 8:18 PM IST