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About 18,000 of them, or 36 per cent of the workforce, are eligible for voluntary redundancy.

GM to close Canadian factory, putting 3000 jobs at risk: report

The plans stand to affect 50,000 employees across the US, Canada and Mexico.

26 Nov 2018 11:48 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel Africa appoints eight global Banks to work on IPO

The company plans to utilise this fund to lower debt of its Africa unit which stands at around USD 5 billion.

26 Nov 2018 11:02 AM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Banks to get green signal for gold business

Allowing bullion banking will be a main step towards developing gold infrastructure in India and establishing gold as an...

26 Nov 2018 10:33 AM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Sensex, Nifty turn choppy as IT, pharma stocks fall

BSE benchmark Sensex pared early gains and turned choppy after opening over 200 points higher.

26 Nov 2018 10:07 AM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Rupee rises 39 paise against US dollar in early trade

Rupee is trading at 30 against dollar, as global crude prices slipped below the USD 60 per barrel mark.

26 Nov 2018 10:02 AM IST

File image of a man counting cash at a petrol pump.

'Oil PSUs plan to add 4,450 petrol pumps in Gujarat'

Three PSU oil companies have together issued a joint advertisement for dealership after a gap of around four years.

26 Nov 2018 9:56 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)

Markets to look at state elections for direction

Ahead of polls, experts recommend investors to have a relatively defensive portfolio.

26 Nov 2018 7:40 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finance Ministry hopeful about public sector banks

Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak...

26 Nov 2018 7:38 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency law help address Rs 3 lakh cr stressed assets in 2 yrs:...

Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting...

24 Nov 2018 4:01 PM IST

Facebook has become a means for those seeking to spread hate and cause harm, and posts have been linked to offline violence. (Photo: AP)

Facebook to train 5 million people with digital skills by 2021

Facebbok has already trained about one million people through its various initiatives.

24 Nov 2018 2:23 PM IST

Gold bars worth Rs 1.67 crore

Gold drops Rs 200 on lacklustre demand; sliver falls Rs 500

Gold is trading at Rs 31,750 per 10 grams, mostly on account of slack demand from local jewellers.

24 Nov 2018 2:16 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

Government does not need RBI funds yet: Arun jaitley

RBI to aid small businesses and give bankers more time to step up capital norms to encourage lending and stimulate the...

24 Nov 2018 1:32 PM IST