Business

Shares of the Reliance Group companies promoted by industrialist Anil Ambani – Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Power, Reliance Home Finance, Reliance Naval and Reliance Nippon Life Asset Management surged after Reliance Communications repaid dues to Swedish telecom giant Ericsson a day before a Supreme Court deadline. “The requisite payment of Rs. 550 crore and interest thereon to ... Read More »

Despite Wednesday’s mild reduction, petrol and diesel prices are still near all-time highs in some cities, including Delhi and Mumbai. Petrol and diesel prices were marginally lowered on Wednesday, after sixteen days of consecutive hikes. The marginal reduction of 1 paisa per litre comes in the wake of some softening in global crude prices. Despite Wednesday’s mild reduction, petrol and diesel prices ... Read More »

Petrol and diesel prices are currently revised on a daily basis. The new rates are effected at fuel stations at 6 am every day. Petrol and diesel prices were increased by 28-31 paise per litre across Delhi, Kolkata, Mumbai and Chennai on Friday. Petrol and diesel prices are currently revised on a daily basis. The new rates are passed on ... Read More »

Read more about how and when ESOPs are taxed and why it matters whether Flipkart buys the vested options or Walmart does After Flipkart’s acquisition by Walmart, many Flipkart employees may sell their vested Employee Stock Options (ESOPs). Walmart has also set aside $500 million (Rs3,363.88 crore) for buyback of shares and ESOPs from the existing and former employees of ... Read More »

For 48 hours on Monday and Tuesday, combat aircraft Su-30MKI (pictured) will practice hitting targets at high-altitude areas along the border with China. After taking down the ‘enemy’ bases on the western frontier, the Indian Air Force’s biggest ever and almost real war game, Exercise Gaganshakti, has now moved to the mountainous borders on the Chinese front where the fighter ... Read More »

In cooperation with the Tourism Ministry and for the first time, Air India landed in Israel on Thursday, 7 Nissan. Air India launched its direct flight from New Delhi to Tel Aviv, with the grant from the Tourism Ministry. The route opened following the marketing efforts of the Tourism Ministry that included a grant for marketing the new route, the ... Read More »

Aircel network problem: Aircel had joined hands with Reliance Communications last year where both the companies mutually agreed to merge the business after the fierce competition offered by Reliance Jio. However, the deal could not materialise and had a fallout. Customers of telecom service provider Aircel on Wednesday virtually laid siege to some of its outlets in Chennai after the ... Read More »

Brokerages were very upbeat on the stock and hiked target price to as high as Rs 11,000-plus as well. Shares of Maruti Suzuki gained over 3 percent intraday on Monday as investors cheered the December quarter results. They largely reacted to the development of lesser royalty payouts by the firm, which it announced during the results declaration. The company reported a 3 ... Read More »