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Photo app Snap opens first office in India in Mumbai, plans to build local team

Snap’s local team in India will focus on expanding strategic partnerships, building an engaged community of creators and users and servicing local advertisers.

Stocks in the news: YES Bank, Coffee Day, DHFL, IB Housing and Hindalco

Uco Bank has approached the Life Insurance Corporation of India (LIC) to acquire up to 15 per cent stake in it.

Mukesh Ambani grooms the heirs to his $50 billion fortune

Ambani is enlisting his children to help drive the modernization of his empire.

As pharma stocks hit 5-year lows ‘It could be time for select buys’

Nifty Pharma index fell 1.4 per cent to 7,744.30 on Wednesday after hitting a 5-year low.

Good news for PUBG fans: Lighter version of app launched for Indian users

PUBG Mobile Lite is designed to be compatible with more devices.

Dozens feared trapped in building on fire in Mumbai

MUMBAI, India (AP) — A big blaze broke out Monday in a nine-story building with offices of a state-run telephone company in Mumbai, India's financial capital, and dozens of people were feared trapped, a fire officer said.

Times Network expands footprint in Canada via TabletStream

Times Network already has presence in over 100 countries and is an expert curator of segmented and differentiated content across genres.

JioFiber freebies may hit multiplexes, DTH players

Premium JioFiber customers can watch movies in their living rooms the same day they are released in theatres.

Home buyers welcome SC ruling, say move to help claim dues

There are around 1.74 lakh stalled housing units across the top seven cities and their buyers can now stake claims to their dues by initiating insolvency proceedings against the errant developers.

Bulge bracket PEs join prospective bidders for slice of ‘distressed’ pie

$210-bn opportunity has led to joint ventures or stressed asset funds being set up.

Rupee snaps 5-day losing streak, settles 20 paise up

The rupee had settled at 70.89 against the US dollar on Wednesday.

Stocks in the news: YES Bank, ZEEL, DHFL, HUL, L&T, Bosch, NIIT Tech and Kotak Mahindra Bank

Bosch has announced five days of production cut at its plant in Tamil Nadu.

Rains in Mumbai Live news: Financial capital paralysed, Maharashtra government declares holiday

Long-distance trains from different parts of India, expected to reach Mumbai, have also been stranded at various locations due to incessant rains.

'God help Indian cricket', say Ganguly, Harbhajan on conflict of interest notice to Rahul Dravid

The BCCI ethics officer issued the notice to Dravid on conflict of interest allegations.

Time for BCCI's ethics officer to throw frivolous complaints out of the park

It has become fashionable to complain about cricketers’ harbouring a possible conflict of interest, and for them to then receive a notice seeking a clarification. The latest on this list is Rahul Dravid.

J&K bond yields jump as region’s political future worries investors

Higher yield indicates lower demand and increases borrowing cost for the issuer.

J&K bond cut-off yields surge over political uncertainties

The cut-off mark for J&K bonds with 10-year maturity was 7.39% versus the 7.10% average expectation of market participants. No bidder can bid above the cut-off yield.

Modi has a plan to double farm incomes by 2022. But here's the problem

Modi govt believes a boost to farm export is a sure-shot way to help double farmers’ income by 2022.

India stocks should see a rebound from Oct-Nov, says Jhunjhunwala

Talking about stocks and sectors, Jhunjhunwala says he is bullish on pharma sector.

Inter-company deposit anomalies, lack of transparency at DHFL: Deloitte

Deloitte quits after doubts over grant, rollover of inter-company deposits; questions DHFL at board meet too

As railway denies layoff, Board's letter tells a different story

The Board wants performance details every month, of staff who are either 55 yrs old or have worked for 30 yrs.

We already have 65 EV charging stations and we are expanding: Praveer Sinha, Tata Power

The power sector has been going through a lot of challenges but Tata Power had a good Q1.

Stocks in the news: Eveready, Maruti, YES Bank, Adani Power, DHFL and Jet Airways

DHFL has sold one of its crucial commercial properties DHFL House in the Andheri suburb of Mumbai.

Stocks in the news: SBI Life, Emami, Axis Bank, Piramal Enterprises and Mindtree

IIFL has downgraded Dr Reddy's to add from buy with a target price of Rs 2,700.

Fewer cases admitted for insolvency action in Q1

There are four companies — Tehri Iron & Steel Castings, JD Aneja Edibles, Shivam Fragrances and Dadi Impex — where financial creditors will extract more value than their claims.

Railways parcel business to get boost, Amazon roped in to transport goods

One month advance freight charge will be levied on the e- commerce company by the railways.

Stocks in the news: YES Bank, ICRA, Cox & Kings, DHFL, Sadbhav Infra, RCom and JSPL

JSW Energy announced the termination of a Rs 6,500-crore deal with JSPL.

40% election-related news items in April were biased: Report

The study, which covered 1.68 lakh election-related news items in various media outlets in April, has found that 50,000 pieces or 40 percent of them, were "biased".

Metal stocks in India battered by weak earnings, demand woes

Vedanta pared some losses to trade 4.5% lower at Rs 156.50 while JSW was down 3.4%.

Govt must avoid knee-jerk reactions on policy front, says Damodaran

His views came as the govt appeared to be having second thoughts on a tax surcharge on FPIs.

Lok Sabha Elections news: Mukesh Ambani and family cast their votes in Mumbai

Mumbai: Reliance Industries Chairman Mukesh Ambani and his family cast their votes at a polling booth at Villa Theresa High School on Peddar Road in Mumbai. Mukesh Ambani has raised eyebrows by backing the opposition Congress candidate in his Mumbai constituency, although the BJP is not standing in that seat. Ambani has regularly spoken in support of Modi's BJP government and the Reliance Industries tycoon's son, Anant Ambani, attended a recent Modi rally.Lok Sabha Elections news: Mukesh Ambani and family cast their votes in Mumbai

Bond yields fall as FM backs rate cuts, reaffirms foreign bond issue plan

India's benchmark 10-year bond yield fell as much as 11 bps to 6.42% on Sitharaman's comments.

July revival washes away monsoon deficit

Seasonal rainfall deficit shrinks substantially, crop planting now almost at last year’s level.

RBI seen set for 4th interest rate cut of 2019

If the RBI does cut by 25bps it would become the most dovish among Asian central banks.

I-T says VG Siddhartha's signature on note not matching

The signature in Siddhartha's 'final' note and the one seen in his firm's annual reports don't match: that is the claim.

Stocks in the news: Sun Pharma, HDFC, Jet Airways, Apollo Hospitals and Adani Power

Deutsche Bank has maintained a 'buy' rating on ICICI Prudential Life Insurance Company.

Stocks in the news: Jet Airways, Tata Motors, JB Chemicals, Sundaram Finance and Maruti Suzuki

Nomura has maintained 'buy' rating on Fortis Healthcare and cut target price to Rs 159.

Indian government sector next big thing for Google Cloud

According to Google, the time is ripe for the company to now deeply explore the government sector as various state governments are moving fast on initiatives like building smart cities.

Nine months after #MeToo allegations, Anu Malik returns to judge TV show

The singer-composer will be a guest judge on the children's reality music show, 'Superstar Singer'.

Reliance-Aramco talks on refinery stake sale said to stall

Shares of Reliance erased earlier gains and fell as much as 1.6 per cent in Mumbai.

Kangana, Prasoon Joshi and 60 other celebs issue statement in response to open letter by 'self-styled guardians' to PM Modi

62 celebrities have signed the statement, calling the open letter a means to tarnish India's image.

London named world's best student city in new rankings

According to the rankings, India's best student city is Bangalore (81st), followed by Mumbai (85th), Delhi at 113 and Chennai at 115 out of a total of 120 cities.

Election news: Shah Rukh Khan along with wife Gauri casts his vote in Mumbai

Bollywood superstar 'King Khan' Shah Rukh Khan cast his vote from Mumbai North Central constituency accompanied by his wife Gauri Khan and his youngest son AbRam.Election news: Shah Rukh Khan along with wife Gauri casts his vote in Mumbai

Election News LS 2019: Sachin Tendulkar casts his vote in Mumbai with family

Mumbai: Sachin Tendulkar, his wife Anjali Tendulkar, daughter Sara Tendulkar, and son Arjun Tendulkar after casting their vote at polling center number 203 in Bandra. Sara Tendulkar and Arjun Tendulkar are first time voters. Election News LS 2019: Sachin Tendulkar casts his vote in Mumbai with family

We view India as our future, says WhatsApp global head

WhatsApp is bullish on prospects in India as it revealed that it has 400 million monthly active users here out of a global base of 1.5 billion.

Confusion over India's first $10 billion foreign bond sale

The office of PM Narendra Modi is opposed to selling debt in foreign currencies

Coffee files: Camera-shy VG Siddhartha wanted to be super rich someday

The Café Coffee Day owner was found dead by the fishermen in Mangalore on Wednesday morning. ​

Full text: Mukesh Ambani's speech at RIL's 42nd AGM

Together, Reliance Retail and New Commerce will become the proxy to India's consumption story, Mukesh Ambani said.

Bond rally halts as RBI flags data dependency

The benchmark 10-year yield jumped seven basis points to 6.43%, halting a three-week rally.

Stocks in the news: Eros, J&K Bank, Reliance Power, Jet Airways, BoB and Den Networks

M&M said it will shut production across plants for up to 13 days in the ongoing quarter.

VG Siddhartha: The death of an entrepreneur

The death of the Café Coffee Day founder has thrown up many inconvenient questions.

ET NOW tops charts on Budget Day

During the budget speech --between 11 am and 1 pm -- the market share of the channel was at 56%.

Mega diabetes drug to be cheaper soon

With Novartis losing patent protection for Vildagliptin in December, the cost of therapy is expected to reduce by over 50%.

Lenders, bond investors stare at haircut as CCD stock tumbles 57%

It is not known how much money RBL Bank, Yes Bank and Axis Bank individually lent to the company.

Don’t buy just because it is cheap now, bet on performing companies: Hemang Jani

JK Lakshmi and Ramco Cement are some midcap cement stocks one can buy.

Stocks in the news: Hindalco, TGBL, IndiGo, Bajaj Finance and Tata Chemicals

Credit Suisse has initiated coverage on PI Industries with an outperform rating.

Law enforcement agencies turn to social media for better outreach

Public service departments are now getting more active on social media platforms including WhatsApp, ShareChat, TikTok for a better redressal and outreach.

Maharashtra eagerly awaits ICJ verdict on Mumbaikar Kulbhushan Jadhav

The world court, based in The Hague, will deliver its judgement on Wednesday evening on India's petition that Jadhav is not a spy.

Agrahyah Technologies raises $1 million in pre-series A funding

Aawaz.com has grown to about 200 hours of audio content and more than 2,000 long-form reads across genres such as devotional, comedy, entertainment, stories, short news and celebrity interviews.

Reliance to launch iconic jewelry brand Tiffany & Co in India

A subsidiary of Reliance Industries, Reliance Brands sells luxury labels such as Ermenegildo Zegna, Brooks Brothers and Bally in India.

Shweta Tiwari's daughter confirms stepdad abused her; actor's mother-in-law says 'they want to get rid of Abhinav Kohli'

Palak Tiwari penned a lengthy note on Instagram, shedding light on the matter.

Stocks in the news: Sun Pharma, JB Chemicals, SpiceJet, PNB, YES Bank and Manpasand Beverages

Edelweiss has maintained buy rating on IGL with a target price of Rs 365.

Pharma may see a price war in good news for diabetics

Glenmark launches a drug at almost half the price of those offered by rivals.

Model Tenancy Bill: How it benefits tenants and home owners

The draft legislation proposes to set up a rent court for addressing issues related to tenancy and rent.

Carlyle set to invest $45 mn in DailyHunt

If successful the transaction could value the 12-year-old company at about $650 million, pre-money, according to multiple sources aware of the development.

Why even Rs 3.2 lakh crore taxpayers money in 4 years is not enough for unhealthy PSBs

It could take years to bring down bad loans and boost bank lending to the 2006/11 boom levels.

Shabana Azmi slams 'fake news brigade' for spreading rumours that she'll leave India if Modi becomes PM again

​The veteran actress said that her father taught her to never treat her opponents like enemies.​

Hafiz Saeed being kept in jail superintendent's bungalow

Saeed was arrested while he was on his way to an anti-terrorism court (ATC) in Gujranwala to seek bail.

Malad wall collapse claims 18 lives: Urmila Matondkar, Ashoke Pandit pray for kin of deceased

Fadnavis announced a compensation of Rs 5 lakh to the families of the people who crushed to death.

Housing sales down 11 per cent in Q1; Demand to rise on tax sops: PropTiger

New housing supply fell 47 per cent to 37,852 units in April-June 2019-20 across nine cities due to a liquidity crunch and general elections.

How Facebook fights fake news in the world's largest election

Fact checking firms are at the heart of Facebook's efforts to rebuild its credibility during India's elections.

Ads may now get more bang for buck in news channels

Data suggests that news currently gives equal or better reach for ads than IPL, at much lower costs.

Fuel stopped, plane seized: It's raining bad news for Jet Airways

Cash-drought has forced the airline to default on several payment obligations such as to the banks, aircraft lessors and other vendors besides non-payment of March salaries to its 16,000 employees.

Stocks in the news: Nestle India, Vodafone Idea, DHFL, Polycab India and Endurance Technologies

ICICIdirect has downgraded PVR to hold and has a target price of ₹1,910 on it.

Negatives in price for most NBFCs, but slowdown likely to continue

HDFC, M&M Financial Services and Shriram Transport top picks

Tatas battle misinformation campaign against salt brand

Regulatory bodies and associations like FSSAI and Indian Medical Association have also categorically debunked this, the company said.

Hrithik Roshan performs grandfather J Om Prakash's last rites; Sussanne Khan, Jeetendra pay respects

The 'Aap Ki Kasam' director passed away at 93 at his Mumbai residence.

Water bounty may await India's Moon-bound Chandrayaan-2 mission

This is precisely why NASA says it wants to send astronauts there in 2024 as part of its Artemis programme.

Reliance Power recasts Rs 2,430 cr US-Exim debt for Samalkot project

The US-Exim has agreed to converting amortizing repayment schedule into bullet repayments and will extend final loan maturity to June 2022

Stocks in the news: SBI, RIL, L&T, HCL Tech, Jet Airways, Mindtree and Tata Motors

L&T said it won’t raise its offer price to acquire control of Mindtree.

Philanthropy, Princeton: What defines Shloka Mehta-Ambani

The Reliance daughter-in-law co-founded ConnectFor, a platform that bridges the gap between NGOs and volunteers.

Stocks in the news: TCS, Infosys, Jet Airways, GVK Infra and IDBI Bank

Department of Telecom has given approval for the merger of Tata Teleservices (TTSL) with Bharti Airtel.

Recommend me, please: Taapsee Pannu urges media to put forth her name for Mithali Raj biopic

Pannu was interacting with the media when she met cancer-affected children.

Reskill to survive: Tech firms retrain staff on war footing

Accenture, Infy, TechM, Cognizant, MphasiS investing to make workforce future-ready.

Republic Bharat flouting Trai broadcast rules: News broadcasters

Republic is flouting regulations by putting the Hindi news channel on the landing pages of close to 100 distribution platforms and also placing it outside of the ‘news and current affairs’ genre.

View: Newsprint duty will hurt our democracy

The government’s hike in customs duty is going to burden all newspapers with higher input cost.

D-Street veteran who bled for trusting dodgy companies says market shifting to future-ready hands

According to Shah, investing is an art of differentiating voice from the noise.

Monsoon bonanza for flyers, Vistara, GoAir offer discounts

While market leader IndiGo was the first to offer discounts, which ended Sunday, other airlines are expected to follow suit.

From MF, radio arms to head office, Anil Ambani selling anything that has a price

Asset sales would help Ambani bolster the financial health of his group’s companies.

DHFL shares plummet 30% on fear of collapse

The DHFL scrip fell 29 per cent to Rs 48.50 on the BSE on Monday.

As slowdown bites, India Inc readies to tighten belt

Some veterans are optimistic that a turnaround isn’t too far away.

Jeevan Saral: Why you must evaluate endowment plans very carefully

A PIL was recently filed against LIC by investors in the Jeevan Saral plan. Here’s a look at how such endowment policies work.

Stocks in the news: ZEEL, Godrej Properties, Cipla, CIL and Adani Enterprises

Here are a few stocks which may buzz the most in today's trade.

RWH should be taken up on war footing: Rajinikanth

"As of now, immediate measures that need to be taken is saving rain water. It should be on a war-footing mode," he said.

Pakistan seeks UN probe into disclosure of Saeed's info to Indian news agency

This is one of the rare occasions when a country has written to the United Nations seeking a probe into publishing of happenings at the world body.

Stocks in the news: Lupin, Indiabulls Housing, Hotel Leelaventure, UltraTech Cement and Tata Power

TataPower has signed an agreement to sell its 32-mw operating wind assets.

PharmEasy is closing in on $120 million in equity round

The transaction, which is expected to close by the end of the month, will value the five-yearold company at $500-600 million, according to multiple sources aware of the development.

2 Indian expats win $1 million in Dubai raffle

Gupta, a 71-year-old Dubai-based businesswoman, said she owed every bit of her win to God and her mother.

Stocks in the news: Essel Propack, PCJ, Reliance Capital, ACC, SpiceJet and Wipro

TGBL), ACC, ICICI Securities and Indiabulls Real Estate will report earnings today.

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