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Wirecards missing $2.1 billion is being investigated by the Philippines. (AFP Photo)

Philippines to investigate Wirecard's missing billions case

Former chief executive Markus Braun, who was arrested in Munich on Monday was released on Tuesday after posting bail of...

25 Jun 2020 9:22 AM IST

Indian Oil Corp Ltd, the countrys top refiner, on Wednesday reported its first quarterly loss in more than four years in the March quarter. (AFP Photo)

Indian Oil reports first quarterly loss in 4 years after surge in...

The fall in global prices impacted the group's financial performance for January-March quarter as the company holds...

25 Jun 2020 8:56 AM IST

RIL has raised USD 22.3 billion capital market through the sale of 24.7 per cent stake in Jio Platforms. (PTI Photo)

After turning debt free, Reliance may break-up with IPOs of Jio,...

RIL has raised USD 22.3 billion capital market through the sale of 24.7 per cent stake in Jio Platforms and USD 7...

24 Jun 2020 3:20 PM IST

Traders body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc. (PTI Photo)

Boycott China products: CAIT writes to Mukesh Ambani, 50 others, says...

The trader's body expressed hope that Ambani would give a clarion call to promote Indian goods

24 Jun 2020 2:18 PM IST

Workers stich personal protective equipment (PPE) kits at a factory. Government has relaxed norms of having in-house testing for three kinds of PPEs. (PTI Photo)

Government relaxes manufacturing norms for PPE makers

The norms have been relaxed for filter half masks, surgical face masks and eye protectors by the Bureau of Indian...

24 Jun 2020 2:12 PM IST

Anil Ambani , CEO , Reliance Communications. (PTI Photo)

RCom loans: Anil Ambani denies giving any personal guarantee to three...

In both the cases, SBI and Chinese banks the borrowings have been done by a group company and are not personal, Ambani...

24 Jun 2020 12:49 PM IST

As Indias financial capital reels from the Covid-19 pandemic, panic-stricken people are turning to a homeopathy drug called Arsenicum Album 30 although there is no data that it works

ASCI flags 50 Ayurveda, homeopathic drug firms for objectionable ads...

The advertisements were across media platforms and were found to be violating Ministry of AYUSH order

24 Jun 2020 12:44 PM IST

Reliance Power said on Tuesday it continues to be one of Indias top three private power generation companies with operating portfolio of around 6,000 megawatt. (PTI Photo)

Reliance Power operating portfolio reaches 6,000 MW, plans capex of Rs...

R-Power renewable projects operated with 98 per cent availability and delivered robust operating performance, Ambani...

24 Jun 2020 10:53 AM IST

Cipla Ltd will price its generic version of Gilead Sciences Incs antiviral drug remdesivir for use in COVID-19 patients. (Photo- Twitter)

Cipla to price remdesivir version for COVID-19 under Rs 5,000

Gilead said on Monday it is targeting remdesivir supply for more than 2 million COVID-19 patients by the end of the...

24 Jun 2020 9:16 AM IST

Gilead Sciences will soon start clinical trials for inhaled formulation of its anti-viral drug remdesivir. (ANI Photo)

Gilead Sciences to start trials of inhaled version of remdesivir

The FDA granted remdesivir an emergency use authorisation for the treatment of hospitalised patients with severe...

23 Jun 2020 3:47 PM IST

Nestle to change the name of two popular Australian confectionery products, Red Skins and Chicos sweets. (AFP Photo)

Nestle to rename two popular candies amid global backlash over racist...

Last week, PepsiCo Inc said it would change the name and brand image of its Aunt Jemima pancake mix, which have been...

23 Jun 2020 2:33 PM IST

Wirecard is a payments processor, offering companies services allowing them to accept credit cards and digital payments like Apple Pay or Paypal in stores, online or on mobile. In the picture, the Internet World Fair 2017 in Munich, Germany, Wirecard-Stand (Photo | Wikimedia Commons - Ordercrazy)

What's the Wirecard scandal? Here's five things to know

Here are the most important facts about a scandal that compares with the collapse of US energy company Enron in the...

22 Jun 2020 8:23 PM IST