Jet Airways quarterly results delayed amid ‘complexities of issues’

Jet Airways quarterly results delayed amid ‘complexities of issues’

Saturday, 17 August 2019 | PTI | New Delhi

With the “complexities of issues” being faced by Jet Airways, financial results for the June quarter are yet to be finalised and the process is taking time, according to a communication. The affairs of Jet Airways, which closed down its operations on April 17, are now being managed by resolution professional...

Weak investment, muted monetary transmission big challenges for Indian economy: Goldman

Weak investment, muted monetary transmission big challenges for Indian economy: Goldman

Friday, 16 August 2019 | PTI | New Delhi

Notwithstanding India's progress on growth and inflation, some of the big challenges for the economy include weak investment, muted monetary transmission and slow GST collections, according to Goldman Sachs. India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to...

Hero MotoCorp manufacturing plants to remain shut for 4 days till Aug 18

Hero MotoCorp manufacturing plants to remain shut for 4 days till Aug 18

Friday, 16 August 2019 | PTI | New Delhi

The country's largest two-wheeler maker Hero MotoCorp on Friday said its manufacturing plants have been shut for four days till August 18 to as part of annual routine and also to adjust production in line with current market demand. In a regulatory filing, Hero MotoCorp said its manufacturing facilities will be...

Paytm to invest Rs 750 cr to double users by 2020

Paytm to invest Rs 750 cr to double users by 2020

Friday, 16 August 2019 | PTI | New Delhi

Digital payments firm Paytm on Thursday said it will invest Rs 750 crore to approximately double its monthly active user base on mobile to 250 million by March 2020. The company expects its Paytm Inbox service to accelerate the growth as it has garnered 27 million monthly active users and expects...

Alibaba revenue jumps in first quarter

Friday, 16 August 2019 | PTI | Beijing

Chinese e-commerce giant Alibaba said on Thursday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States. Revenue for the April-June period rose 42 per cent year-on-year to 114.9 billion yuan ($16.7 billion), a company statement said, outpacing an average analyst estimate...

Employees urge Google not to work with US immigration officials

Friday, 16 August 2019 | PTI | San Francisco

Hundreds of Google employees on Thursday called on the internet titan to avoid working for US immigration officials until they stop “engaging in human rights abuses.” A petition signed by more than 600 “Googlers” as of late afternoon was prompted by word that US Customs and Border Protection (CBP) was preparing...

China threatens retaliation if US tariff hikes go ahead

Friday, 16 August 2019 | PTI | Beijing

China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned September 1 tariff hikes on additional Chinese imports. Beijing will take unspecified “necessary countermeasures,” the Cabinet said. It gave no details. President Donald Trump has said he plans to impose 10 per...

Hong Kong offers sweeteners as economy stalls amid protests

Friday, 16 August 2019 | PTI | Hong Kong

Hong Kong’s Government unveiled HK$19.1 billion ($2.44 billion) worth of economic relief measures and downgraded its growth forecasts on Thursday as the international hub reels from simmering pro-democracy protests and the US-China trade war. Last week city leader Carrie Lam warned that 10-weeks of anti-government protests were hitting businesses like a...

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