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Business

In 100 days of Modi Govt. 2.0, Rs. 12.5 lakh crore of Investors' wealth wiped out

Investors' wealth worth Rs. 12.5 lakh crore has been wiped out in the first 100 days since the second term of Prime Minister Narendra Modi's government started on May 30. At yesterday's closing, the market capitalisation or market value of companies listed on BSE stood Rs. 1,41,15,316.39 crore as against market capitalisation of Rs. 1,53,62,936.40 crore a day before PM Modi's government came to power.


Alibaba's Jack Ma steps down as industry faces uncertainty

Jack Ma, who founded Alibaba Group, the world's biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.


LATEST HEADLINES

Shehbaz Sharif says ceasefire extends beyond Iran, including “Lebanon and elsewhere”


US rules out use of nuclear weapons against Iran


US Embassy advises Americans to reconsider Hajj travel


PM's silence on Kharge's insult by Himanta is his consent: Rahul


Amid blistering heat in coastal areas, Udupi DC urges precautionary measures


RR amass 150/3 against MI in rain-truncated game


Kerala polls: Vijayan, Revanth Reddy trade barbs as campaigning ends


Two killed as bus hits motorbike


Odisha: Two girls drown while bathing in village pond


Bengaluru: CCB police busts black marketing of IPL tickets, 11 arrested


Unreserved vacancies for candidates with disabilities open for all categories: SC


Bengal polls: Mamata Banerjee backs Jyotipriya Mallick as TMC's candidate from Habra




Maruti Suzuki announces 2-day shutdown of Gurugram, Manesar plants

New Delhi: India's biggest carmaker Maruti Suzuki today announced no-production days at Gurugram and Manesar plants on 7th September and 9th September 2019.

Maruti Suzuki terminates 3000 contractual jobs in India

Maruti Suzuki Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.

Amazon inaugurates its world largest campus in Hyderabad, can accommodate 15,000 employees

Hyderabad: US-based e-commerce giant Amazon on Wednesday inaugurated its new campus here - its largest facility globally - that will house 15,000 of its employees in India.

 

Economic slowdown 'very worrisome', new set of reforms needed: Former RBI Governor Raghuram Rajan 

New Delhi: Former RBI Governor Raghuram Rajan has called slowdown in the economy "very worrisome" and said the government needs to fix the immediate problems in power and non-bank financial sectors and come out with a new set of reforms to energise private sector to invest.

 

China's industrial output hits 17-year low

Beijing: China's economy showed further signs of strain in July with output at its factories falling to its lowest level in 17 years, while investment and retail sales slowed, official data showed Wednesday.

 

Ambani to sell stake to Aramco, BP to make Reliance debt-free by March 2021

On a mission to cut debt in Reliance Industries, billionaire Mukesh Ambani on Monday announced plans to sell stakes in the firm's oil and chemicals business to Saudi oil giant Aramco and in fuel retail network to BP plc for Rs 1.15 lakh crore, and said its telecom unit Jio will begin offering fibre-based broadband services from next month.

Industrial production growth slips to 2% from 7% in June

New Delhi: India's industrial production growth slipped to a four-month low of 2 per cent in June, mainly due to poor performance of mining and manufacturing sectors, according to government data released on Friday.

 

US formalizes ban on govt contracts to China's Huawei, others

The United States unveiled rules on Wednesday formally banning technology giant Huawei and other Chinese firms from government contracts in the latest move in the countries' escalating trade war.

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