Business

The two companies decided to merge their business after the sector witnessed a huge tariff war and reduction in margins with entry of new telecom operator Reliance Jio.

The proposal comes as a relief for companies including MasterCard, Visa and American Express that fear India's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time whe...

India's gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France.

The estimates are based on an analysis of 350 companies excluding those in the banking, finance, insurance and oil sectors, which comprise over 50 per cent of the NSE, the research arm of Crisil said.

Mistry was removed as the Tata Sons board and majority of its members lost confidence in him, the NCLT Mumbai's main bench of BSV Prakash Kumar and V Nallasenapathy said in a judgment.

The current standings mark the first time the world’s three richest people — Amazon founder Jeff Bezos, Microsoft Corp co-founder Bill Gates and Facebook CEO Mark Zuckerberg — all made their fortunes in the tech world.

The United States imposed tariffs on $34 billion of Chinese imports at 0401 GMT. Beijing has promised to retaliate in kind.

RIL chairman Mukesh Ambani launched a wired broadband service JioGigaFiber at the AGM. Currently available in select cities, JioFiber is a direct attempt by the Reliance group to expand its market disruptive service to the broadband sector.

The Kumaraswamy-led Congress-JD(S) government is expected to announce a crop loan waiver in its budget to relieve farmers of their distress due to drought for successive years.

The GST regime, which was implemented from last July 1, has also failed to bring down property prices, an impact that consumers were eagerly waiting for, say industry experts.

State-owned LIC has been looking to enter the banking space by acquiring majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

During May, the government's total receipts were Rs 1.27 lakh crore or 7 per cent of BE for 2018-19, according to the data released by the Controller General of Accounts (CGA).

The company had filed draft papers with Securities and Exchange Board of India (Sebi) in March and received its "observations" on June 22, as per the latest update with the markets watchdog.

The weakening rupee will make crude oil, fertilisers, medicines and iron ore, which India imports in large quantities, costlier. Though these items are not for your daily consumption, they impact your finances indirectly.

Teradata has filed a complaint in a US court against German firm SAP alleging trade secret misappropriation, copyright infringement and antitrust violations and also named Sikka as being aware of the situation.

New Delhi, incensed by Washington’s refusal to exempt it from the new tariffs, also imposed a 120 per cent duty on the import of walnuts in the strongest action yet against the United States.