Business

Zomato lays off 541 staffers, says blame it on automation

New Delhi,  Food delivery platform Zomato on Saturday said that it has laid off 541 people — 10 per cent of the company’s strength — across customer, merchant and delivery partner support teams. The reason behind the move is an …

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Social sector spending not to be hit: Sitharaman

Kolkata, Finance Minister Nirmala Sitharaman on Friday categorically said budgetary commitments for social sector spending would not be affected in case of tax shortfall while reiterating that the government was interacting with each sector facing challenges in the present economic …

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Firm global cues, government steps lift markets by 1%

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Mumbai,  Indian equity markets on Friday closed on a strong note tracking global markets as investor sentiments improved on the news that the US and China are set to resume trade talks next month. The Sensex and Nifty gained nearly …

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Hope to complete 27 projects on time: ONGC

New Delhi, India’s largest oil and gas exploration and production company, Oil and Natural Gas Corporation Limited (ONGC) on Friday said it has 27 projects worth Rs 87,000 crore which are on stream and will be completed in the next 3-4 …

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Centre may raise auto sector’s plea at GST Council

New Delhi,  The central government is open to take the industry’s proposal on reducing the Goods and Services Tax (GST) on automobiles to the GST Council. Speaking at the ACMA annual convention here on Friday, Minister of State for Finance …

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Mother Dairy hikes cow milk price by Rs 2/litre

New Delhi,  Mother Diary has hiked the price of cow milk by Rs 2 per litre from Friday in Delhi and the National Capital Region (NCR). The cow milk variant will now be available at Rs 44 per litre, as …

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Goa hoteliers demand cut in GST on room tariff

Panaji,  Top Goa hoteliers and tourism industry stakeholders met Chief Minister Pramod Sawant here on Friday and sought reduction in the Goods and Services Tax (GST) on room tariff from 28 per cent to 12 per cent to help the …

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Game-changer JioFiber rolls out, plans start from Rs 699

Mumbai,  Set to create massive ripples in the growing digital streaming and video-on-demand market, Reliance Jio on Thursday commercially rolled out its fiber-to-the-home (FTTH) service “JioFiber” across 1,600 cities in India where the users will have an integrated experience of …

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Sensex ends a shade lower, auto stocks gain

Sensex ends Samvat 2074 on a timid note; banking stocks fall

Mumbai,  Although the severely beaten down auto stocks edged higher on Thursday over expectations of a rate cut in the Goods and Service Tax (GST) on vehicles and on the back of steps announced by the government to combat slowdown …

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Infra spending expected to partially revive auto demand: Gadkari

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New Delhi, The Central government is expected to award major road infrastructure projects besides taking a call on a key policy decision on vehicle scrappage to arrest the sales downturn being faced by the Indian automobile industry, Union Minister Nitin …

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