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Times of India: Business News and Markets News

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Check latest updates on business, finance and economy from across the world. Get daily updates for BSE Sensex, Share price, Stock markets, BSE, NSE, Nifty, business news on various sectors and much more from Times of India Business.
Updated: 1 min 53 sec ago

Facing entrenched rivals, Amazon to shut China online store

3 hours 26 min ago
The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and controlled 82 per cent of the Chinese e-commerce market last year.
Categories: India News

In the end, Jet Airways goes down Kingfisher way

3 hours 40 min ago
“It has been decided that flight operations will be suspended for the next three days until October 4, 2012,” a Kingfisher statement of October 1 said, declaring the temporary suspension. It’s another matter that the airline never flew again. Jet’s employees hope that their airline’s suspension is actually temporary and it will fly again.
Categories: India News

3 'desi' cos in fastest growing luxury brands

3 hours 54 min ago
This is a change from the previous two years, when Italy claimed the largest number of companies in the list. In the current period, four companies in the fastest 20 list were headquartered in the US.
Categories: India News

No TDS for staff on deputation in foreign cos

4 hours 6 min ago
The income tax department had demanded TDS under section 195, which deals with the TDS on non-resident payments, and the HC order will have a bearing on several people who are working overseas based on a contract between Indian and foreign companies.
Categories: India News

Workplace issues? Write to TOI for answers

4 hours 26 min ago
The Times of India's panel of experts will assist you in resolving your workplace related matters. ‘AdWise’ will appear every alternate Thursday in the Business section to help you with your workplace issues.
Categories: India News

Refund, high fares worry Jet Airways flyers

5 hours 15 min ago
Thomas Cook India president (holidays) Indiver Rastogi sees a cascading impact of rising last-minute fares. “The cancellation of flights is creating an imbalance on the supply side in the face of peak demand and the resultant rise in fares… Our teams are in constant touch with customers impacted due to cancelled flights and offering them best optional flights available.”
Categories: India News

22k stare at bleak future as Jet shuts down ops

Wed, 04/17/2019 - 3:31pm
After raging against the dying of the light for several months, Jet Airways flew gently into the night on Wednesday— at least for now. Jet will take to the skies again only if it finds a new buyer who revives it.
Categories: India News

UK account stays frozen, neither Vijay Mallya, nor banks get £259k

Wed, 04/17/2019 - 1:49pm
A hearing on whether to make an interim third party debt order on Mallya’s UK ICICI bank account final — which would have forced ICICI to hand over the £259,000 to the banks immediately — has been adjourned until after the hearing of Mallya’s bankruptcy petition, scheduled in December.
Categories: India News

Japanese co to buy stake in RIL shipping arm

Wed, 04/17/2019 - 12:30pm
Mitsui, which has a fleet of 850 vessels, is currently the operator of the six ethane carriers owned by Reliance Ethane through an equal number of limited liability companies. The deal with Reliance will help Mitsui expand its fleet with specialized ethane carriers.
Categories: India News

I-T rules for new financial year: Key points

Wed, 04/17/2019 - 11:10am
Categories: India News

Jet temporarily shuts operations as lenders refuse emergency funds

Wed, 04/17/2019 - 8:39am
When Jet Airways' flight 9W-2502 lands in Delhi from Mumbai at 10.30 pm on Wednesday, the airline will go gently into the night. It may wake up at a later date if revived by a new owner and fund infusion after a temporary shutdown from Wednesday night. At its peak, Jet had over 120 planes and hundreds of daily flights.
Categories: India News

IBS Software to provide IT support to Etihad

Wed, 04/17/2019 - 6:50am
The Kerala-based company was selected to replace the airline’s existing network control system and develop a hub management system, allowing the airline’s employees to move away from manual processes to highly intuitive technology.
Categories: India News

DGCA issues notice to IndiGo over handling of PW engine snags, orders safety audit

Wed, 04/17/2019 - 5:12am
The Directorate General of Civil Aviation's (DGCA) move comes after it suspected if the airline was reporting all snags on the Airbus A320 new engine option PW engines and whether the handling of the same by the LCC’s engineering and operations was as per requirement. The regulator has issued a show cause to the airline on this issue.
Categories: India News

Five things that went wrong for Jet Airways

Wed, 04/17/2019 - 4:02am
Airfares on rival carriers have soared and Air France and KLM are operating additional flights to Mumbai to accommodate passengers affected by Jet's decision to cancel international flights.
Categories: India News

Google blocks Chinese app TikTok in India after court order

Wed, 04/17/2019 - 12:11am
The move comes hours after a court in Tamil Nadu state refused a request by China’s Bytedance Technology to suspend a ban on its TikTok app, putting its future in one of its key markets in doubt.
Categories: India News

Jio has best 4G availability and Airtel tops download speed: study

Tue, 04/16/2019 - 11:30pm
Reliance Jio’s LTE network availability is not just making rivals sweat, but also setting records globally. At 97.5% 4G availability in India, Jio's 4G users enjoy the best connectivity among all countries analysed by UK-based analytics firm Opensignal’s Mobile Network Experience Report.
Categories: India News

Vijay Mallya feels 'sorry' for Jet; asks why many airlines have failed in India

Tue, 04/16/2019 - 11:23pm
"I am willing to pay either way whether I am in London or in an Indian Jail. Why don’t Banks take the money I offered first?" the founder of KFA asked in another tweet. He added that his offer to pay back his loans stands irrespective of where he is "in London or in an Indian jail" as he does not feel "spooked" by possibilities of extradition.
Categories: India News

Zuckerberg shared user data with FB ‘friends’

Tue, 04/16/2019 - 10:59pm
Zuckerberg reportedly used the data as a reward to third party firms and developers who either had a favourable relationship with company executives or spent considerable amounts on ads. Companies were also incentivised to share their data with Facebook, while those that did not were shut out and denied access.
Categories: India News

Wipro hit by advanced phishing attack

Tue, 04/16/2019 - 10:14pm
The IT major said it released a security patch instantly, and is conducting a forensic investigation into the breach. It has quarantined the systems of the employees impacted and said the malware attack would not have any material impact on its financials. Blog KrebsOnSecurity, the first to report on the attack, said Wipro systems were being used as jumping-off points for phishing expeditions targeting a dozen Wipro customer systems.
Categories: India News

RBI bids for AI’s iconic Nariman Point tower

Tue, 04/16/2019 - 10:10pm
Categories: India News