29 C
Mumbai
Monday, November 18, 2019
Home BUSINESS

BUSINESS

BUSINESS NEWS from all over the world. MODI2 is news website. We provide you with the latest breaking news, Top news, Tech news and Reports.

Chennai runway incursion: DGCA suspends licences of 2 IndiGo pilots

Chennai runway incursion: DGCA suspends licences of 2 IndiGo pilots

HighlightsWhile air traffic control had asked pilots of this flight, 6E-244, to hold the Airbus A320 at runway holding point, they crossed the same leading to the runway incursion The flying licences of both IndiGo pilots have been suspended for three months from November 15(Representative image)NEW DELHI: Flying licences of two IndiGo pilots was on…
SC paves way for Ruia exit, Mittal entry in Essar Steel

SC paves way for Ruia exit, Mittal entry in Essar Steel

NEW DELHI: The Supreme Court on Friday cleared the takeover of Essar Steel by global metals magnate LN Mittal’s ArcelorMittal after a protracted legal battle, which will pave the way for banks to recover Rs 42,000 crore in dues and oust the Ruias, once among the most powerful business families in the country. The money…
Govt intends to address concerns of telecom sector, says Nirmala Sitharaman

Govt intends to address concerns of telecom sector, says Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Friday said the government intends to address the concerns of the crisis-ridden telecom companies which are facing billions of dollars of fresh statutory liability following a recent Supreme Court ruling. "I want no company to shut operations. I want everyone to be up and running. We want the…

Hong Kong third-quarter GDP shrinks 3.2%, confirms depth of recession

HONG KONG (Reuters) - Hong Kong confirmed on Friday its economy plunged into its first recession in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war. The economy shrank by a seasonally adjusted 3.2% in July-September from the previous quarter, in line with a preliminary…
Bhatia, Gangwal told us, ‘run the business’: IndiGo CEO Ronojoy Dutta

Bhatia, Gangwal told us, ‘run the business’: IndiGo CEO Ronojoy Dutta

NEW DELHI: IndiGo has been facing headwinds with constant snags on Pratt & Whitney engines that power its mainstay of Airbus A320/21 Neos. The airline has a stiff regulatory deadline to change over 100 of these engines in 3 months or ground the Neos that still have the older, more snag-prone versions of the same.…
Love of cash hinders India’s move to digital economy

Love of cash hinders India’s move to digital economy

SATARA: India’s dependency on cash may slow the country’s transition to digital payments despite large numbers of internet and mobile phone users. For many citizens living in rural areas, cash is still the bedrock of daily existence because of a lack of facilities. Sudhir Shinde, a farmer from Satara district in Maharashtra says he withdraws…
Honda launches BS-VI motorcycle SP125, starts at Rs 72,900

Honda launches BS-VI motorcycle SP125, starts at Rs 72,900

NEW DELHI: Honda two-wheelers on Thursday became the first motorcycle manufacturer in the country to launch BS-VI compliant scooter and motorcycle. Honda launched the all-new 125-cc SP125, starting at Rs 72,900 (ex-showroom, Delhi). Available in disc and drum variants, the SP125 will arrive the dealership network by the end of November, 2019. The design language…
Moody’s cuts India’s GDP growth forecast to 5.6% for 2019

Moody’s cuts India’s GDP growth forecast to 5.6% for 2019

Highlights'We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018,' Moody's saidIt expected economic activity to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent, respectively, but the pace to remain lower…
Freshworks raises new $150m round

Freshworks raises new $150m round

BENGALURU: Freshworks, one of India’s largest software-as-a-service (SaaS) companies, said it has raised $150 million at a valuation of $3.5 billion from existing investors Accel, Sequoia Capital India and CapitalG, the investment unit of search engine Google’s owner Alphabet. The financing is expected to close by year-end and is subject to customary closing conditions, including…
Vodafone CEO does a U-turn, says will stay invested in India growth story

Vodafone CEO does a U-turn, says will stay invested in India growth story

NEW DELHI: A day after complaining that its India operations are on the brink of collapse over high taxes and spectrum dues demand, British telecom major Vodafone’s Global CEO Nick Read did a u-turn on Wednesday, claiming he was quoted out of context and re-affirmed the company’s commitment to the market. Read, who on Tuesday…

WEATHER

Mumbai
smoke
30.6 ° C
31.7 °
29 °
54 %
2.6kmh
0 %
Mon
32 °
Tue
31 °
Wed
31 °
Thu
32 °
Fri
30 °

FOLLOW US

106FansLike
19FollowersFollow
19FollowersFollow

Actions

Selected media actions