Business

The company, which reportedly engaged consultancy firm EY to conduct the audit, found out that some sellers were colluding with junior employees to earn the cashbacks

Some Israeli media outlets recently reported that Air India was trapped in huge debt running over a billion and may collapse soon.

Royal Enfield reported a volume decline of 14% on a year-on-year basis in the March quarter, Eicher Motor Ltd declined 2% on Tuesday.

Jet Airways said in a regulatory filing that Agarwal's resignation is effective from May 13 and he quit from service due to personal reasons.

The stock hit a low of $37.17, valuing the company at about $12 billion less than the IPO price of $45.

Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas, foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit.

Yes bank had also reported its maiden loss of over Rs 1,506 crore in the March 2019 quarter, driven by a near 10-fold spike in provisions.

Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if US raises tariffs on Chinese products.

A report by S&P Global Ratings said that GST will not help tackling the deficits of the State Governments. Also saying that policy implementation has been sub-par in India.

ICICI Bank’s other income stood at Rs 3,621.02 crore in the March quarter compared with Rs 5,678.61 crore in the year-ago quarter, but this was on account of no stake sales in subsidiaries.

All major markets, including BSE, National Stock Exchange, forex and money markets are closed Monday due to elections in Mumbai

The situation had led to serpentine queues at airports, with several flyers taking to social media to vent their frustration.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

Ross McEwan has been at the helm since 2013 and helped guide the group to a steady recovery, after its dramatic bailout during the 2008 global financial crisis.

The 30-share index was trading 42.83 points or 0.11 per cent higher at 39,097.51, and the NSE Nifty rose 22.95 points or 0.20 per cent to 11,749.10.

Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.