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Jack Ma , Alibaba Chairman summoned by Indian court on former employees complaint. (AFP Photo)

Court summons Alibaba, its founder Jack Ma on complaint of spreading...

The judge has also sought written responses from the company and its executives within 30 days, according to the summons

26 July 2020 2:31 PM IST

Former RBI governor Raghuram Rajan says that US-China conflict to impair global trade which is vital for Indias re-opening. (PTI Photo)

Global trade extremely important for India's re-opening, says Raghuram...

Rajan cautioned that corporations, households and governments will have enormous levels of debt as they move out of the...

24 July 2020 4:29 PM IST

Maruti commences bookings for petrol version of S-Cross. (Photo- Carwale)

Maruti Suzuki S-Cross petrol bookings are now open

The model comes with a 1.5 litre BSVI-compliant petrol powertrain equipped with smart hybrid technology, MSI said in a...

24 July 2020 2:01 PM IST

Sun Pharmas arm Taro resolves all cases with US Dept of Justice. (PTI Photo)

Sun Pharma's Taro resolves multi-year investigations over generic drug...

Taro Pharmaceutical said that it is discussing a separate corporate integrity agreement with the department of health...

24 July 2020 1:03 PM IST

India toughens public procurement rules for bidders from bordering nations. (AP Photo)

In move against China, India tightens rules on investments from...

The Indian government's statement said the decision was taken to strengthen the defence of India and national security

24 July 2020 9:55 AM IST

Bajaj is facing supply chain issues at its plants in India due to lockdowns imposed by local governments. (PTI Photo)

Bajaj Auto focuses on exports as India battles COVID-19 pandemic

Between January and June, it exported 6,64,000 motorcycles while selling 5,89,000 in India, company data showed

24 July 2020 9:19 AM IST

Tesla overcame a seven-week pandemic-related shutdown at its California assembly plant to post a surprising $104 million net profit for the second quarter. (AFP Photo)

Tesla makes $104 million surprise profit despite factory shutdown

Musk also said he's confident about rolling out full self-driving technology by the end of the year

23 July 2020 4:02 PM IST

Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing the first signs...

23 July 2020 3:26 PM IST

Air India reduces monthly allowances of employees by up to 50%. (PTI Photo)

Air India slashes employee monthly allowances by up to 50%

The Air India order said 11 types of allowances for pilots would stand reduced by 40 percent

23 July 2020 2:58 PM IST

India to offer production linked incentives to boost manufacturing. (PTI Photo)

India plans to offer production linked incentives for five sectors

Incentives have also been announced for pharmaceutical companies for production of bulk drugs and on medical devices

23 July 2020 1:34 PM IST

Consumers in India are cautious about spending in the wake of the coronavirus pandemic. (PTI Photo)

78% Indian consumers cut spending amid COVID-19 crisis: KPMG

Consumers in tier-III cities were 1.4 times more inclined towards spending on apparel than tier-I cities, it said

23 July 2020 12:08 PM IST

US to pay Pfizer, BioNTech $1.95 billion for COVID-19 vaccine. (AFP Photo)

Pfizer, BioNTech reach $1.95 billion COVID-19 vaccine deal with US

The contract for 100 million doses of the vaccine amounts to a $39 price tag for what is likely to be a two-dose course...

23 July 2020 10:19 AM IST