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The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Vodafone Idea Q4 loss at Rs 4,882 cr; co says strategic initiatives...

The loss has narrowed from Rs 5,004.6 crore during the third quarter of 2018-19, aided by 3.4 per cent drop in total...

14 May 2019 8:48 AM IST

Hero MotoCorp, the countrys largest two-wheeler manufacturer, on Monday launched two new scooters ,called the Maestro Edge 125 and the Pleasure Plus 110, with starting prices of Rs 58,500 and Rs 47,300, respectively.

Hero launches Maestro Edge 125, Pleasure+ 110 scooters

The new Pleasure Plus 110 is offered in two variants priced at Rs 47,300 for the steel wheel variant and Rs 49,300 for...

14 May 2019 2:58 AM IST

A clearer picture will emerge later in the month when Society of Indian Automobile Manufacturers or Siam, the apex trade body releases the detailed data.

Car sales decline 17 per cent in April, worst fall in 8 years

Total two-wheeler sales in April declined 16.36 per cent to 16,38,388 units compared to 19,58,761 units in the year-ago...

14 May 2019 2:49 AM IST

Open market deals had accounted for 80 per cent of exit deal value in 2017 and this dropped to 6.5 per cent in 2018.

$1.6 billion PE market exits in April

PE/VC exits in April crossed $1 billion mark largely due to the relief rally seen in the stock markets.

14 May 2019 2:46 AM IST

Exporters claim that most of these firms are in the SME segment and dont have the resources to pursue their cases with the tax department.

Exporters want IES to cover entire MSME sector

EEPC has asked RBI for carving out an exporter-friendly interest rate structure for exporters.

14 May 2019 2:41 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Volatility at 3-year high on profit booking

The market volumes were lower than recent average as buyers stayed away amidst tense times.

14 May 2019 2:38 AM IST

Infosys has become the latest major corporate to attract regulatory attention for alleged corporate governance lapses

Centre cancels FCRA registration of Infosys Foundation

Infosys Foundation, however, said its de-registration from the FCRA followed a request it proactively made to the...

14 May 2019 2:32 AM IST

Brent crude futures, the global oil benchmark, rose 1.57 per cent to $71.73 per barrel due to simmering tensions in the Middle East.

Rupee sheds 62 paise, falls to 11-week low

The Indian currency had opened at 70.12 a dollar and hit a low of 70.54 during the day as oil prices rose over one per...

14 May 2019 2:26 AM IST

The Ministry of Corporate Affairs (MCA) has forwarded complaints against Religare Enterprises about shareholding norm violations to the financial regulators.

MCA refers Religare case to regulators, mulls action

Having shared the case with the Securities and Exchange Board of India and the Reserve Bank of India.

14 May 2019 2:24 AM IST

Sanjiv Puri appointed ITC Chairman

Puri, who has been Managing Director, will now be Chairman and Managing Director, the company said.

14 May 2019 2:19 AM IST

Experts estimate that promoters loan against shares could be at least Rs 1.2 lakh crore.

Sebi asks MFs to give details of risky loans

Sebi move comes in the back of several mutual fund debt schemes being hit by their exposure to CLO instruments.

14 May 2019 2:15 AM IST

Since its launch in the 1970s, the Volkswagen Passat is still one of the most popular models of the German automakers.

A good blend of luxury and safety

The new Volkswagen Passat is said to be 70 kg lighter than its predecessor, yet seems to have improved levels of...

14 May 2019 12:32 AM IST