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Business

Bengal Chamber caught in a pickle over property tax

Bengal Chamber of Commerce — the country’s oldest representative body for business interests &mdas...

PM pitch for investment

Prime Minister Narendra Modi has rolled out a red carpet to foreign investors by reiterating his government&rs...
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Reliance Industries seals fuel retail deal with BP

Reliance Industries on Thursday finalised a deal with BP in fuel retail following which BP paid $1 billion to ...

TCS net dips 14% in Covid-hit first quarter

Tata Consultancy Services (TCS) on Thursday reported a sharp 13.8 per cent fall in net profit in the Covid-rav...

TCS net dips 14% in Q1

Tata Steel on Thursday said its consolidated sales fell 22.8 per cent to 5.28 million tonnes (mt) during the J...

Flipkart buys into Arvind Youth Brands

Flipkart, the Walmart owned online commerce player, is investing Rs 260 crore in Arvind Youth Brands, the subs...

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Business  /  Published 09.07.20

Iconic brand bites dust

Brooks Brothers, the retailer known for dressing the great and good of the United States since 1818, filed for bankruptcy on Wednesday, buckling under the pressure from the coronavirus pandemic follow...
By Sapna Maheshwari and Vanessa Friedman in New York

Business  /  Published 09.07.20

Yes Bank to raise up to Rs 15,000 crore through FPO

Private sector lender Yes Bank on Thursday said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering (FPO). The ...
By PTI in New Delhi

Business  /  Published 08.07.20

Lockdown: India Inc. to face poor Q1

Budget carrier IndiGo is expected to report a loss of Rs 2,670 crore for the June 2020 quarter, while its rival SpiceJet’s losses during the quarter are likely to be at around Rs 1,000 crore owi...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

ICICI board clears plan to raise Rs 15,000 crore

Two more private sector banks have joined the funds chase as they are set to mobilise at least Rs 25,000 crore to boost capital at a time bad loans are projected to rise following the Covid-19 pandemi...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

SC recalls BS-IV order

The Supreme Court on Wednesday recalled its March 27 order by which it had allowed the sale of BS-IV vehicles for 10 days across the country, except in Delhi-NCR, after the lifting of the Covid-19 ind...
By Our Legal Correspondent in New Delhi

Business  /  Published 08.07.20

UTI schemes side-pocket Zee debt

UTI Mutual Fund has proposed to side-pocket its exposure to Zee Learn (ZLL) after the latter’s debt instruments were downgraded to below-investment grade. The fund house has a combined exposure...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

Hero Cycles rides out of China deal

Pankaj Munjal of Hero Cycles has become the latest industrialist to join the call to boycott Chinese goods by snapping a Rs 900-crore trade deal with entities in that country. This comes after tensio...
By Our Bureau in Mumbai

Business  /  Published 08.07.20

Covid-19: Jewellers want e-commerce policy

Gems and jewellery exporters on Wednesday approached Union finance minister Nirmala Sitharaman for a supportive e-commerce policy because of the challenges faced during the pandemic. Industry body Ge...
By A Staff Reporter in Calcutta

Business  /  Published 08.07.20

E-retailers seek time for origin tag

The growing sentiment against Chinese goods has prompted the government to propose labelling the “country of origin” on all products in the marketplace from August. However, e-tailers suc...
By Our Special Correspondent in New Delhi

Business  /  Published 08.07.20

Equity mutual funds slip due to profit booking

Inflow into equity mutual funds slumped 95 per cent to a little over Rs 240 crore in June as investors pulled out from large-cap and multi-cap funds due to profit booking.  This is the third con...
By Our Bureau in New Delhi


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