Business

SC Holds Anil Ambani Guilty of Contempt, 3-Month Jail to Follow if Ericsson Not Paid in 4 Weeks

The top court said Anil Ambani and two directors of the company will have to pay Rs 453 crore with interest to Ericsson India within four weeks, failing which they…

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Indian Oil Corp signs $ 1.5 billion deal for import of US crude

New Delhi/ Singapore: Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the…

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HCL Among Top 10 Tech Firms To Receive H1-B Certifications In US

HCL America had 2.9 per cent share of all foreign labour certification for the H-1B work visas for the first quarter of the fiscal year 2019. NEW DELHI: At a time…

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Sensex Closes Lower For Seventh Day, Its Longest Losing Streak In A Year

The S&P BSE Sensex fell for seventh day in a row to clock its longest stretch of losses since February 7, 2018 as investors turned cautious amid rising geo-political concerns.…

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RBI threatens action against Yes Bank for disclosing nil divergence report

Yes Bank in a press release earlier this week had said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.…

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Vande Bharat Express breaks down twice on its way back to Delhi, resumes journey at lower speed

A journalist on board the train tweeted that the train began making a suspicious noise early Saturday, after which its wheels skid. The Vande Bharat Express stopped twice on Saturday morning on…

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Reliance Jio trolls Airtel, Vodafone and Idea with a poem on Twitter

Bharti Airtel, Vodafone, and Idea were mocked by Reliance Jio, India’s top telecom provider with a rather innocuous poem on Twitter. Reliance Jio had stormed into India’s telecom turf with…

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Royal Enfield Workers Resume Strike At Oragadam Plant In Chennai

Workers at the Royal Enfield Oragadam plant in Chennai have struck work for the second time, three months after the strike was originally called off. The Working People’s Trade Union Council had…

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Twice-bitten Yes Bank investors taken aback by RBI clean chit on NPAs

Once bitten, twice shy; twice bitten, never try. After the huge divergence between Yes Bank Ltd’s assessment of its non-performing assets (NPAs) and the Reserve Bank of India’s (RBI’s) assessment…

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After 25 years, India’s oldest private airline may slip out of its founder’s hands

The moment of truth may have finally arrived for Naresh Goyal. The founder and promoter of India’s oldest private carrier, Jet Airways, may be on the verge of ceding his…

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