Country's second largest airline by market share SpiceJet on Friday posted its biggest ever quarterly profit, as it flew more passengers and raised fares in the wake of the collapse of Jet Airways.
India's third largest telecom operator by subscribers, Airtel, will shut down its entire 3G network between December to March of the current fiscal, the company's Chief Financial Officer (CFO) Badal Bagri has told analysts.
Uber Technologies Inc reported a record $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%.
The National Company Law Appellate Tribunal (NCLAT) on Thursday expressed its displeasure over the crisis-hit IL&FS and the government's delay in filing the progress report on the resolution process of the group companies.
In a meeting with Finance Minister Nirmala Sitharaman, the industry captains on Wednesday suggested to reduce GST on cars from 28 per cent to 18 per cent, ease financing and bring out a scrappage policy among some of the key steps to revive the sector.
The Reserve Bank Governor Shaktikanta Das on Wednesday said the liquidity crisis situation in the country is easing and that the banking system currently has abundace of liquid money.
Automaker Mahindra and Mahindra Ltd (M&M) said on Wednesday it saw a “huge danger” of job losses in the ailing domestic auto sector, as it sought government intervention, including tax reductions to revive demand.
Country’s largest lender State Bank of India on Wednesday cut its benchmark lending rates by 15 basis points across all tenors, shortly after the central bank slashed interest rates by a larger-than-expected 35 bps to boost the economy.
Indian airline Vistara expects to end 2019 with 41 aircraft, up from 30 at present, as it pursues an international expansion plan, Chief Executive Leslie Thng said on Wednesday.
Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalise on rising demand in Asia’s third-biggest economy.
Global manufacturing and trade are experiencing a sharp slowdown. The risk being contemplated is whether this starts percolating into services.
Walmart-owned Flipkart is set to roll out a free video service for all of its 160 million customers this month as the ecommerce company looks for new ways to increase its user base in smaller towns and cities, it said on Monday.
Gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday.
Public issue of bonds of IIFL Finance, which plans to raise up to Rs 1,000 crore for business growth and expansion, will open on Tuesday. The allotment will be made on the 'first come, first served' basis.
The State Bank of India (SBI) has invited bids for overseas oil and gas assets of Videocon Industries, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the beleaguered private firm.