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The Economic Times: Latest business, finance, markets, stocks, company news from India.
Updated: 1 hour 31 min ago

IT services companies hit as clients delay big deals

1 hour 31 min ago
Slower global economic growth caused by the US-China trade war and a delayed Brexit have taken a toll on IT companies, as clients have cut or delayed spending. Earlier this month, DXC Technology, with about $20.75 billion in revenue, slashed its revenue target by $275 million to $19.5-$19.8 billion, as clients postponed signing new deals.
Categories: Business News

Can Nestlé be virtuous and yet profitable?

1 hour 31 min ago
The demands on Nestlé and other corporations are growing as consumers pay more attention to the environmental effect of what they eat. Agri accounts for more than a fifth of greenhouse gas emissions, and plastic production and incineration account for an additional 10% or so. There is no way to avoid climate change without action by the food industry.
Categories: Business News

Gunman opens fire at California backyard party, shoots nine, several injured

1 hour 31 min ago
A gunman started shooting after entering the backyard of a south Fresno home where a gathering of family and friends was watching a football game after 6 p.m., police said, and neighbors flooded 911 dispatchers with calls for help. The suspect fled the scene and police were combing the neighborhood for witnesses and possible security camera footage.
Categories: Business News

India accedes to Honk Kong convention for ship recycling

1 hour 31 min ago
The International Maritime Organisation (IMO) adopted the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships in 2009, which is aimed at ensuring that ships being recycled after reaching the end of their operational lives do not pose any unnecessary risks to human health, safety and to the environment.
Categories: Business News

Chor companies never change, I burnt fingers trying to bet on #ChangingIndia: Porinju

1 hour 31 min ago
He said these cos will perish in the ongoing ‘Historic Detoxification Drive’ of India Inc.
Categories: Business News

Half of the ‘euphoric’ wealth gained in tax cut rally fizzled out in 7 days

1 hour 31 min ago
Data showed the domestic equity market gave up half the gains that it had amassed.
Categories: Business News

Rupee drops 10 paise to 71.81 as trade tensions weigh

4 hours 31 min ago
Fresh foreign fund inflows and a rally in domestic stocks restricted the fall for the local unit, forex traders said.
Categories: Business News

NCLAT allows Reliance to delist Alok Industries

4 hours 31 min ago
NCLAT bench modified the order passed by the National Company Law Tribunal (NCLT), Ahemdabad, which denied such permission.
Categories: Business News

Govt considering forex loan at cheaper rate to exporters, higher insurance cover to banks: Goyal

4 hours 31 min ago
“The proposal is presently under consideration,” he said in a written reply to a question in Lok Sabha on whether the government proposes to provide foreign exchange loan at cheaper rate of interest to the exporters.
Categories: Business News

Realme plans offline-centric smartphone series, to expand retail presence

4 hours 31 min ago
ealme occupied the fourth spot in the Indian smartphone market with 14.3 per cent share, after Xiaomi (27.1 per cent), Samsung (18.9 per cent) and Vivo (15.2 per cent). Oppo ranked fifth with 11.8 per cent share in the July-September 2019 quarter, as per IDC data. Interestingly, Realme is part of BBK Group, which also owns brands like OPPO, Vivo and OnePlus.
Categories: Business News

US extends license for businesses to work with Huawei by 90 days

4 hours 31 min ago
The extension, renewing one issued in August will allow carriers to continue to service customers in some of the most remote areas of the US.
Categories: Business News