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Jeff Bezos, founder and CEO of Amazon.com

Jeff Bezos sells Amazon stock worth USD 2.8 billion last week

Bezos had previously said he plans to sell stock worth about USD 1 bn each year to fund his rocket company, Blue Origin.

6 Aug 2019 9:40 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank ratings under review again

The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second...

6 Aug 2019 2:42 AM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Challenges in resolution of construction firms: Icra

The financial creditors of stressed construction firms are likely to face high haircuts and smooth resolution still...

6 Aug 2019 2:42 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Govt to issue guidelines to protect e-commerce consumers

The ministry has sought suggestions from the stakeholders on the guidelines.

6 Aug 2019 2:37 AM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Underlying trend remains negative

Sensex and Nifty fell over 1 per cent though there was some recovery towards the close of the trade.

6 Aug 2019 2:37 AM IST

IMD stated that the intensity of rains would further increase by next week. (Representational image)

Rainfall deficit narrows to 7 per cent

The rainfall deficit was around 30 per cent at the start of July.

6 Aug 2019 2:36 AM IST

Powering the motorcycle is a 499.6 cc, liquid-cooled, fuel-injected twin-cylinder motor that develops 47.6 hp and 45Nm of torque.

Benelli rides in Leoncino 500 sports bike at Rs 4.79 lakh

The engine sits within a tubular steel-trellis frame that's suspended on a 50mm USD fork and pre-load adjustable...

6 Aug 2019 2:35 AM IST

Industry welcomes scrapping of Article 370

The industry leaders also saw the development as the BJP fulfilling an election promise of it.

6 Aug 2019 1:15 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Consensus for 25 bps rate cut, 'accommodative' stance

Experts see the slowdown of global economic growth and lack of impetus in domestic inflation as reasons for a 25 bps...

6 Aug 2019 1:12 AM IST

The confluence of stable prices, upcoming wedding season and pent-up demand made this Akshaya Tritiya memorable for the gold and jewellery sector, which saw demand bouncing back after a gap of two years. Jewellers across the country witnessed on an average 15 to 20 per cent growth in sales over last year.

Gold crosses Rs 37,000 may go up further

MCX gold rallied to uncharted territory on escalating trade tensions between the United States and China.

6 Aug 2019 1:08 AM IST

Finance Minister Nirmala Sitharaman

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

5 Aug 2019 8:27 PM IST

Scrapping Article 370 historic, to empower people of Jammu and...

What we saw today will be historic if it opens the gateway for development and peace in #JammuAndKashmir, tweeted Gautam...

5 Aug 2019 7:50 PM IST