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Cathay Pacific

Cathay Pacific to shut one of its regional airlines; eliminate 8,500 job posts

Business | Oct 21, 2020, 10:31 AM IST

Hong Kong flag carrier Cathay Pacific on Wednesday announced that it will eliminate 8,500 job posts, making 5,900 staff redundant, and shut one of its regional airlines with immediate effect in an effort to cope with the Covid-19 pandemic-induced fallout. 

Onions continue to give tears as price touches Rs 73/kg in Chennai, highest among metro cities

Onions continue to give tears as price touches Rs 73/kg in Chennai, highest among metro cities

Business | Oct 21, 2020, 10:31 AM IST

Experts and traders are of the view that heavy rainfall in south and western regions has led to supply disruption and impacted the arrival of the kharif crop which will begin in full swing in the coming weeks.

Gold Price

Gold Price Today: Gold declines Rs 268; silver tanks Rs 1,126

Business | Oct 20, 2020, 04:20 PM IST

Gold prices fell by Rs 268 to Rs 50,860 per 10 grams in the national capital on Tuesday amid a decline in international prices of the precious metal, according to HDFC Securities. 

7th Pay Commission: Central govt employees likely to get DA hike, 48 lakh staffers to be benefited

7th Pay Commission: Central govt employees likely to get DA hike, 48 lakh staffers to be benefited

Business | Oct 20, 2020, 02:04 PM IST

7th Pay Commission: The salaries of the employes may lead to hike before Diwali as the Union government is planning to change the base year for the consumer price index for industrial workers (CPI-IW). The move is likely to benefit 48 lakh central government employees.

Sunteck Realty acquires 50-acre land in Mumbai's Thane for development of affordable housing

Sunteck Realty acquires 50-acre land in Mumbai's Thane for development of affordable housing

Business | Oct 20, 2020, 11:40 AM IST

Real estate development company Sunteck Realty on Tuesday it has acquired around approx 50-acre land parcel in Vasind, Thane near Mumbai to develop a residential project. Sunteck Realty said the project will have a revenue potential of Rs 1,250 crore spanning over next 4-5 years.

Gold Price

Gold Price Today: Gold rises Rs 182; silver jumps Rs 805

Business | Oct 19, 2020, 05:17 PM IST

Gold prices rose by Rs 182 to Rs 51,740 per 10 grams in the national capital on Monday, following gains in global precious metal prices, according to HDFC Securities.

Sputnik V vaccine, sputnik vaccine, manking pharma RDIF,

Mankind Pharma-RDIF ink pact for distribution of Sputnik V vaccine in India

Business | Oct 19, 2020, 09:05 AM IST

Russian Direct Investment Fund (RDIF) has inked a pact with Delhi-based pharmaceutical company Mankind Pharma for marketing and distribution of its Sputnik V vaccine

Prabas to make special announcement about new film Radhe Shyam on 41st birthday

Prabhas to make special announcement about new film Radhe Shyam on 41st birthday

Regional Cinema | Oct 17, 2020, 04:05 PM IST

Prabhas is cast opposite Pooja Hegde in Radhe Shyam that also features Sachin Khedekar, Bhagyashree, Priyadarshi, Murali Sharma, Sasha Chettri, and Kunaal Roy Kapur.

Lost job in lockdown? You can now claim 50% of your salary under ABVKY. Know eligibility, benefits

Lost job in lockdown? You can now claim 50% of your salary under ABVKY. Know eligibility, benefits

Business | Oct 16, 2020, 11:44 AM IST

A big relaxation for those who lost their job during coronavirus lockdown as the Centre has extended Atal Beemit Vyakti Kalyan Yojana (ABVKY), to ensure that Employees’ State Insurance Corporation-registered workers till June 30, 2021 along with enhanced relaxation and benefits.

business news

Fitch expects marketing, refining volume of oil firms to fall 15% in FY21

Business | Oct 15, 2020, 03:01 PM IST

With coronavirus lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of state-owned oil firms to fall by more than 15 per cent in the current fiscal year before a gradual recovery in 2021-22.

Reliance RIL KKR, KKR RIL, RIL KKR stake sale, reliance retail KKR stake sale,

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

Business | Oct 15, 2020, 10:31 AM IST

Reliance Industries Ltd (RIL) has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today.   

Supreme Court suggests Centre to implement interest waiver

Loan moratorium: 'Diwali in your hands', SC wants govt to implement interest waiver scheme

Business | Oct 14, 2020, 08:25 PM IST

Initially, the RBI on March 27 had issued the circular which allowed lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1, 2020, and May 31,2020, due to the pandemic. Later, the period of the moratorium was extended till August 31 this year.

Wholesale price inflation rises 1.32% September, wpi data india, india wpi inflation figures, wpi in

Wholesale price inflation rises to 1.32% in September, against 0.16% in August

Business | Oct 14, 2020, 12:50 PM IST

​The Wholesale Price Index (WPI) inflation has risen to 1.32 per cent for September as compared to 0.16 per cent in August, data published by the government showed on Wednesday.

wipro share price, wipro shares, wipro, wipro share price falls 7, wipro buyback plan, wipro acquisi

Wipro share price falls 7% as Q2 results, buyback plan, acquisition fail to cheer investors

Business | Oct 14, 2020, 11:52 AM IST

​Shares of IT services major Wipro on Wednesday plunged nearly 7 per cent in early trade on the bourses after the company posted 3.4 per cent decline in consolidated net profit for the September quarter.   

Apple shares tumble 4%, loses up to $81 billion in market value as it unveils iPhone 12

Apple loses up to $81 billion in market value as shares tumble 4% post iPhone 12 launch

Business | Oct 14, 2020, 12:49 PM IST

Apple stock fell as much as 4% on Tuesday as the tech giant unveiled its first slate of 5G- phones --- iPhone 12 range, erasing $81 billion worth of market value.

After Bajaj, Parle refuses to air their ads on ‘toxic’ news channels

After Bajaj, Parle refuses to air their ads on ‘toxic’ news channels

Business | Oct 13, 2020, 06:29 PM IST

Parle Products, maker of the much-loved Parle G biscuits, has announced that they will not advertise on news channels that "broadcast toxic content" and are accused of spreading hate.

Reliance Jio now dominates India's mobile market with 35.03

Reliance Jio becomes first telco to cross 40 crore subscribers mark

Business | Oct 13, 2020, 04:42 PM IST

Mukesh Ambani-owned Reliance Jio has become the first mobile service provider in the country to cross 40 crore customers mark. 

Wipro share buyback

Wipro announces share buyback of Rs 9,500 crore; profit rises 3 per cent in July-September quarter

Business | Oct 13, 2020, 07:40 PM IST

Wipro, an Indian multinational corporation providing solutions in information technology field, consulting and business process, board on Tuesday approved a share buyback worth Rs 9,500 crore to reward stakeholders.

Aadhaar PVC card: UIDAI releases all-new pocket sized Aadhaar card. How to apply online

Aadhaar PVC Card: UIDAI releases all new pocket-sized Aadhaar card. How to apply online

Business | Oct 13, 2020, 01:43 PM IST

UIDAI has allowed Aadhaar reprint on polyvinyl chloride (PVC) card that individuals can now order online. Aadhaar PVC card will be delivered by Speed Post within five working days (excluding the date of request).

infosys shares, infosys, infosys news, infosys major, infosys IT major, Infosys shares, infosys shar

Infosys shares hit 52-week high. Details here

Business | Oct 13, 2020, 01:04 PM IST

IT services major Infosys has hit a fresh 52-week high of Rs 1,146.50 apiece for the second consecutive day on the BSE, gaining over one percent.

SBI online banking services down due to connectivity

SBI online banking services down due to connectivity issues; ATMs, POS machines working

Business | Oct 13, 2020, 01:23 PM IST

The online banking services of State Bank of India (SBI) have been hit by connectivity issues, the bank informed in a tweet on Tuesday. However, the bank added that the ATMs and point of sale (POS) machine services are functional.

Sensex, Nifty start on tepid note

Sensex, Nifty start on tepid note; UltraTech Cement top gainer

Business | Oct 13, 2020, 10:47 AM IST

Equity benchmarks Sensex and Nifty opened on a cautious note on Tuesday as market participants preferred to book profits at higher levels after an eight-session market rally.

Carl Pei

OnePlus co-founder Carl Pei 'quits' day ahead of 8T series launch

Business | Oct 13, 2020, 10:30 AM IST

The co-founder of Chinese smartphone maker OnePlus Carl Pei has reportedly left the company ahead of the flagship OnePlus 8T series and the affordable Nord N10 series launch. Two separate sources speaking with TechCrunch confirmed that Pei has left OnePlus.

World's largest vivid pink diamond up for auction, could

World's largest vivid pink diamond up for auction, could fetch $38 mn: All you need to know

Business | Oct 13, 2020, 08:42 AM IST

An extremely rare, "fancy vivid purple-pink internally flawless" diamond is set to go under the hammer next month at a Sotheby's auction. The 14.83-carat diamond could fetch up a whopping $38 million.   

Sitharaman announces LTC cash voucher, special festival advance scheme for govt employees

Govt to give Rs 10,000 special festival advance to all employees; LTC cash voucher scheme announced

Business | Oct 12, 2020, 01:31 PM IST

Finance Minister Nirmala Sitharaman said the employees could buy items that attract 12 per cent or more goods and services tax (GST). These purchases will have to be made in digital mode from GST-registered outlets.

epfo, Employees' Provident Fund Organisation, epfo interest, epfo interest diwali, epfo, epfo news,

EPFO may credit first instalment of 8.5% interest by Diwali. How to check balance

Business | Oct 12, 2020, 08:42 AM IST

The Employees' Provident Fund Organisation (EPFO) is expected to credit the first instalment of the 8.5% interest to its subscribers by Diwali, a report by Live Hindustan said.

Microsoft bring change in work culture, to let employees to work from home permanently

Microsoft bring change in work culture, to let employees work from home permanently

Business | Oct 11, 2020, 09:31 PM IST

As the threat of the COVID-19 pandemic still looms large across the world, technology giant Microsoft has decided to throw open an option to its employees to work from home permanently.

Good News! Railways passengers can get confirmed train tickets 5 mins before departure from tomorrow

Good News! Railway passengers can now get confirmed tickets 5 mins before departure

Business | Oct 09, 2020, 03:05 PM IST

Indian Railways has allowed booking and cancellation of tickets till 5 minutes before departure of the train. The new rule will come into effect from tomorrow i.e October 10. The new rule will be applicable for all special trains being run by Indian Railways, along with Tejas Express, which will start from October 17th.

Amazon drags Reliance-Future Group deal to Singapore arbitration

Amazon drags Reliance-Future Group deal to Singapore arbitration

Business | Oct 09, 2020, 11:11 AM IST

US online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant.

RBI Monetary Policy: Repo rate unchanged, GDP to fall by

RBI Monetary Policy: Repo rate unchanged, GDP to fall by 9.5 per cent

Business | Oct 09, 2020, 10:36 AM IST

Reserve Bank of India (RBI) Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high inflation, said Governor Shaktikanta Das. Three new external members in the panel voted in today's decision.

Sensex rises 340 points to reclaim 40,000-mark

Sensex rises 340 points to reclaim 40,000-mark, Nifty ends above 11,800

Oct 08, 2020, 04:18 PM IST

Equity benchmark Sensex on Thursday rose to 340 points to reclaim 40,000-mark amid positive cues from global markets and sustained foreign fund inflow.

Rajeshwar Rao appointed new RBI Deputy Governor

Rajeshwar Rao appointed new RBI Deputy Governor

Business | Oct 07, 2020, 09:54 PM IST

The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.

Coca cola, hindustan coca cola beverages

Hindustan Coca Cola Beverages makes work from home a permanent option. Deets inside

Business | Oct 07, 2020, 09:44 PM IST

In a move to shift towards work from home practice, Beverages maker Hindustan Coca-Cola Beverages (HCCB) on Wednesday said it has introduced an option of permanent work-from-home for its employees whose physical presence in the office is not required as part of a new policy.

Delhi cinema halls, Multiplexes, Theatres

Delhi multiplexes, cinema halls, theatres to reopen from Oct 15 with 50 per cent seating capacity

Business | Oct 07, 2020, 08:35 PM IST

In a welcome development for business, movie watchers, the Delhi government on Wednesday permitted reopening of cinemas, theatres and multiplexes with up to 50 per cent of their seating capacity from October 15.

TCS announces share buyback worth Rs 16,000 crore  

TCS Q2 net profit up 4.9 pc at Rs 8,433 cr; announces Rs 16,000-cr share buyback plan

Business | Oct 07, 2020, 07:41 PM IST

TCS will buyback 5.33 crore shares worth Rs 16,000 crore. This is first buyback programme by the country's largest IT major in the current fiscal.

HDFC bank employees, Aditya Puri

Your jobs, increments, bonuses, promotions are secure: HDFC Bank CEO Aditya Puri to employees

Business | Oct 07, 2020, 06:55 PM IST

Aditya Puri, HDFC Bank Chief Executive Officer (CEO) and Managing Director, in an attempt to boost the morale of its employees, assured them that their jobs, bonuses and increments are secure.

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