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Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.Business
TCS shares end flat ahead of March quarter earnings announcement

On the NSE, shares of the company closed 0.31 per cent lower at Rs 2,013.05.

12 April 2019 4:42 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.Business
Supreme Court halts ArcelorMittal payment to buy Essar Steel: report

India's bankruptcy court had approved ArcelorMittal's USD 6 billion bid for debt-ridden Essar on March 8.

12 April 2019 4:33 PM IST

US Federal Reserves meeting tomorrow is expected to put gold on an upward trajectory and leave behind the interest rate narrative that has been controlling the price movement for quite some time.Business
Gold prices decline Rs 170 on muted demand

Gold is trading at Rs 32,850 per 10 gram, registering its second day of decline due to subdued domestic demand.

12 April 2019 3:47 PM IST

Tamil Nadu govt this week ordered the state Pollution Control Board to seal and \permanently\ close the Vedanta groups copper plant in Tuticorin.Business
Vedanta Resources raises USD 1 billion through bond issue

The bonds, sold in two tranches, were issued through Vedanata's subsidiary Vedanta Resources Finance II plc.

12 April 2019 12:46 PM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.Business
Axiata Group renounces' share entitlement in Vodafone Idea rights...

Axiata Group, which held 8.1 per cent (valued at Rs 3,771 crore) stake in the telecom major.

12 April 2019 12:11 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)Business
Prabhu directs civil aviation secretary to review Jet Airways' issues

Airline now owes more than Rs 3,500 crore to passengers on account of flight cancellations alone.

12 April 2019 11:35 AM IST

The SpiceJet added that Some passengers were moved to flights of other airlines while the rest travelled by the scheduled SpiceJet flight.Business
SpiceJet to induct 16 Boeing 737-800 NGs on dry lease

The planes will join SpiceJet fleet in the next 10 days if regulatory approvals come on time.

12 April 2019 11:03 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.Business
Oil prices firm amid OPEC supply cuts, US sanctions on Iran and...

China and India comprise nearly 55 per cent of global demand growth.

12 April 2019 10:27 AM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.Business
Rupee slips 32 paise against US dollar in early trade

Rupee is trading at 69.24 against dollar owing to increased demand for the greenback from importers and banks.

12 April 2019 10:00 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)Business
Sensex rises over 100 points ahead of TCS, Infosys earnings

The 30-share index was trading 106.69 points or 0.28 per cent higher at 38,713.70.

12 April 2019 9:55 AM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.Business
India Inc is seeking dollar borrowings, but only select firms will...

For making offshore debt attractive Reserve Bank of India has eased external commercial borrowings guidelines.

12 April 2019 9:06 AM IST

Sun PharmaBusiness
Sun Pharma's senior exec, wife settle insider trading case with Sebi

Gandhi and Kiran traded in 454 shares and 6,770 shares, respectively, during the UPSI period.

12 April 2019 8:45 AM IST

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