Mahindra deploys 50 e-vehicles on Uber platform in Hyderabad

Mahindra to deploy 50 electric vehicles on Uber's platform in Hyderabad

The two companies will be deploying 50 EVs, which include both e2O hatchback and e-Verito sedan models, in a tie-up with taxi partners such as eee-Taxi to begin with in Hyderabad.

Maruti Suzuki to discontinue diesel variant of Super Carry LCV

RC Bhargava, Chairman, Maruti Suzuki said the cost increase in shifting the Super Carry to Bharat Stage VI (BS-VI) will be significant enough to deter buyers.

Aditya Birla Sun Life Mutual Fund seeks SEBI nod for banking ETF

The units of the scheme will be compulsorily traded in dematerialised form, and hence there will be no entry/exit load for units purchased or sold through stock exchanges, as per the draft offer document

'We are a technology platform, gaming is just incidental': Pandya

Shikhar Dhawan appointed brand ambassador of GS Caltex India

Maruti Q4 net dips to ₹1,795 crore, sees weak year ahead

Spotify loses access to songs from major Indian label Saregama

Music streaming service Spotify Technology SA said it will remove all songs belonging to one of India's oldest record labels from its app after they failed to agree on licensing terms, months after the Swedish company's launch in the country.

Rights issue oversubscribed, crossed Rs 25,000 crore: Vodafone Idea

Through the rights issue, which ran between April 10 and April 24, the company offered 2,000 crore new shares at Rs 12.

German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank.

Nokia posts surprise loss after rivals cut 5G network prices

WeWork India, SpiceJet, CureFit, others offer jobs to Jet Airways employees

Tesla hit with big loss as car deliveries sputter

Deutsche Bank says to post first-quarter profit above expectations

Deutsche Bank expects to post a first-quarter net profit of about 200 million euros ($223 million), beating analysts' expectations of 29 million.

Backstory: Tracking Africa’s smuggled gold

(Backstory is a series of reports showing how Reuters journalists work and the standards under which they operate)

TRAI pulls up Dish TV India; seeks compliance with new regulatory norms

TRAI, which has promised strict action against those cable TV and direct-to-home (DTH) players who are found violating its new tariff order and regulatory regime, had earlier this week also pulled up Bharti Telemedia on similar grounds.

Boeing axes 210 aircraft orders after Jet Airways stops flying

Microsoft becomes a trillion dollar company after impressive earnings

Facebook keeps aside $3 bn ahead of US FTC fine

Gold steadies as strong dollar negates support from weak data

Gold prices were little changed on Thursday as a firm dollar nullified support from faltering equities and a slew of weak economic data from far and wide that raised flags about the pace of global economic growth.

US may offer oil and gas to India on concessional terms: Report

India stands to gain the most from this move as US shale oil is competitively priced in comparison to crude oil from Gulf countries.

Tesla's Musk 'sees merit' in capital raise, vows profit in third-quarter after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

AI start-up Vue.ai raised $17 million from Falcon Edge, others

Twitter adds way to report voter-tricking tweets

Wirecard deal shows Masayoshi Son's no simple opportunist

Goldman and Bank of England to be targetted by climate-change activists

Environmental activists plan protests outside banks including Goldman Sachs, the Bank of England, Rothschild and Nomura on the final day of protests aimed at forcing Britain to take action to avert what they cast as a global climate cataclysm.

USFDA issues Form 483 to Sun Pharma's Dadra plant over quality issues

As per media reports, the regulator is learnt to have found deficiencies relating to medicine quality, data collection, maintenance as well as quality control unit

Nokia plunges to surprise quarterly loss, shares slump

Finnish telecom network equipment maker Nokia plunged to a surprise quarterly loss due to a delay in booking 5G payments and said on Thursday the security dispute surrounding rival Huawei was creating near-term pressure to invest.

Uber faces proposed ‘IPO tax’ in a divided San Francisco

CEO Ravneet Gill planning to replace entire top management of Yes Bank

Fraud is only possible if user grants access: Oldrich Müller, COO, AnyDesk

China seeks to allay fears over Belt and Road debt risks

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations.

Bayer gets Monsanto profit boost but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal mounted.

BOJ gives first timeframe for super-low rates, says will remain another year

The Bank of Japan told investors for the first time on Thursday it will keep interest rates at super-low levels for at least one more year, seeking to dispel uncertainty over its commitment to ultra-loose policies as the economy comes under fresh pressure.

After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India

India’s data should be stringently domiciled: Vijay Shekhar Sharma

Why India’s Foreign Trade Policy benefits have extended beyond exports

Maruti Suzuki hikes prices of Baleno diesel range, Baleno RS petrol

The Baleno RS, which comes with a 1 litre booster jet petrol engine, will now be available at Rs 8.

Muthoot Capital’s Q4 net profit down 15 per cent

However, the company’s net profit for the full year increased by 54 per cent.

Glenmark gets nod to market nasal spray as OTC product in Russia

Glenmark Pharma on Thursday said it has received approval from Russia’s Healthcare Ministry to market Momate Rhino metered nasal spray as an over-the-

How Capillary Technologies salvaged retailers' loyalty programmes

SoftBank bets $1 billion on battered payments firm Wirecard

Vue.ai raises $17m from Falcon, Sequoia and Global Brain

Digital money forces world's biggest money-printer maker to find new biz

Printing on beverage cartons is ane segment where the company plans to stir up the market with super-fast machines, after entering the flexible packaging printing segment in 2013

Glenmark gets Russian Healthcare Ministry nod to market nasal spray

'Russia is an important market for us and we are consistently looking to expand product offerings.

Vodafone Idea rights issue subscribed 1.07 times: Report

Through the rights issue, which ran between April 10 and April 24, the country's largest telecom operator offered 2,000 crore new shares at Rs 12.

Jet Airways says will validate refund claims in 45 days

To reduce cash burn, Amazon tweaks commission for sellers

Omnivore raises $97 million for its second fund

Japan court grants $4.5 million bail to former Nissan boss Carlos Ghosn

Ghosn has been granted bail once, posting $9 million and vowing not to leave Japan as well as to live in a small court-appointed apartment in central Tokyo

Boeing abandons 2019 outlook, takes $1 billion cost hit in 737 MAX crisis

Boeing is now reckoning with a blow to its reputation and the financial cost of getting the planes back in the air.

Nissan profit to drop below Renault’s for first time in decade

The Yokohama-based company cited higher costs related to US warranties, an adverse operating environment and the impact of recent corporate issues on sales

Xiaomi shifts gears in India, eyes half of its revenue from offline sales

UPI scores 87% transaction success rate this March

Myntra to offer more discounts on promise of 'no return'

Ex Nissan boss Ghosn gets $4.5m bail, may soon walk out of detention centre

The former Nissan boss could soon walk out of his Tokyo detention centre to prepare his defence against multiple charges of financial misconduct.

Sterlite Tech posts ₹165-crore profit in Q4

Sterlite Technologies Ltd (STL), a global data network solutions firm, has reported another year of solid financial performance.

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

Executives said in a conference call with investors that they expected expenses to grow 47 to 55 percent this year, updating their earlier forecast of an increase of 40 to 50 per cent

Delhi HC allows Alembic, Natco to export Bayer drug for specific purposes

Bengaluru offers highest REIT-worthy office space in the country: JLL

Weak demand, high interest cost dent March auto sales

Voda Idea Rs 25,000-cr rights issue fully subscribed, will help cut debt

Market players said the attractive discount of 27 per cent to closing price of Wednesday prompted most existing investors to subscribe

ONGC arm delays plan to invest in Iran gas field after US sanctions

Farzad-B's gas reserve is estimated at 21.

Hotel Leelaventure may have to grapple with liability overhang

By the end of the deal, Leelaventure would be a debt-free company, a source said

GoAir to expand network with 28 new flights from April 26

Tata Tele in talks with ATC to sell entire stake in tower biz for ₹2,500 crore

Capital gains tax relief likely for investors exiting startups

FY20 will see capex of ₹1,500 crore: UltraTech CFO

 UltraTech Cement, an Aditya Birla Group company, seems to be firing on all cylinders.

Approach SBI, Jet tells UK entrepreneur who evinced interest in buying the airline

Jet Airways has asked Jason Unsworth, founder and CEO of Atmosphere Airlines UK, to write to State Bank of India (SBI) if he is serious about bidding

ACG Capsules seeks NCLT re-look at its bid for Sterling Biotech

ACG Associated Capsules, whose bid was rejected by lenders earlier, approached the NCLT on Wednesday to reconsider its bid for Sterling Biotech.

UltraTech Cement Q4 net profit at ₹1,014 crore

342 startups get angel tax exemption since February

Finance Ministry may raise cap on 59-minute loans to Rs 3-5 crore

Indiabulls Housing Finance reports a 2% dip in net income at Rs 1,006 cr

For the full year, the company had reported a net income of Rs 4,091 crore, a growth of 11.

Indiabulls Housing Finance reports a 2% dip in net income at Rs 1,006 cr

For the full year, the company had reported a net income of Rs 4,091 crore, a growth of 11.

Fresca Juices enters carbonated fruit drink segment; snacks next

Finance Ministry brings in changes in e-way bill system to check GST evasion

Composition scheme biz to now file simplified 'self-assessed' GST return quarterly

Digital logistics assistance Transport Hub scouting for partners to scale up

Transport Hub, a boot-strapped digital logistics assistance start-up, is scouting for partnerships to scale up its business.

Waterless personal hygiene solutions provider Clensta to set up plant in Hyderabad

Waterless personal hygiene solutions provider Clensta is planning to set up a manufacturing facility in Hyderabad at an investment of about $5 millio

Schneider Electric launches customisable IoT enabled smart switches, new wiring devices range

Schneider Electric has launched three new wiring devices and customisable IoT-enabled smart switches.

Danish firm Zacco buys Lakhshya Cybersecurity Labs for undisclosed sum

The deal is an important step for Copenhagen-based Zacco in establishing a global Cybersecurity Centre in India

IOCL's Paradip refinery aims 100% output even after Iran oil waiver ends

Company foresees no problem on availability of crude, will get it from other suppliers; Paradip refinery currently imports from US, Nigeria, UAE, Saudi and Iran

Essar Steel in a tight spot over 1,000 acres of unused land at Paradip

The company was to set up a six-million-tonne greenfield steel mill there

Boeing drops 2019 outlook after 737 MAX crisis, sees $1 bn in extra costs

Boeing is facing one of the biggest crises in its history following crashes involving its fastest-selling jetliner.

Audi launches Lifestyle editions of Q7, A4 models

Audi, the German luxury car manufacturer, on Wednesday launched Lifestyle editions of its popular Audi Q7 and Audi A4 in India.

Tata Teleservices in talks with ATC to sell tower business for Rs 2,500 cr

ATC TIPL is the second-largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers

UltraTech Cement reports Q4 consolidated net profit at Rs 1,014 crore

The company had posted a net profit of Rs 446.

RINL aims at Rs 25,000 cr turnover

Buoyed by its performance during the last fiscal, the Visakhapatnam steel plant - Rashtriya Ispat Nigam Limited is aiming at a record turnover of Rs 2