Business

EbixCash World Money, the Indian subsidiary of US-based software company Ebix Inc, on Monday said it has acquired two India-based companies Essel Forex and Weizmann Forex. "EbixCash World Money Ltd, Indian subsidiary of Ebix Inc, has entered into an...

The Enforcement Directorate (ED) will soon file a money laundering case against officials and politicians in Uttar Pradesh, based on a CBI case in connection with its ongoing probe into illegal sand mining, informed sources said. They said the agency will soon file a case under the provisions of the ...

The Indian equity indices traded in the red on Monday afternoon with the S&P BSE Sensex trading over 260 points lower. The Nifty50 on the National Stock Exchange also slumped and was around the 10,700-mark level during the afternoon session....

Facing a cash crunch brought on by the partial US government shutdown, US-based Tethers Unlimited Inc. has laid off nearly 20 per cent of its workforce, the media reported. The space venture had a lineup of contracts from NASA and the Defence Advanced...

Over four million commuters including students were badly hit as the strike by over 20,000 employees of the Bombay Electric Supply and Transport (BEST), the lifeline of the city, entered the seventh day here on Monday. Amidst moves to "privatise" BEST - which supplies electricity to south Mumbai ...

India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday. However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data...

Himachal Pradesh, whose economy largely relies on tourism, is praying for blessings from Tibetan spiritual leaders to improve their business. The 17th Karmapa Ogyen Trinley Dorje, who heads a 900-year-old lineage of Tibetan Buddhism, is no more staying here and his mentor and elderly monk, the ...

SpaceX is laying off 10 per cent of its 6,000-person workforce as it tackles two hugely expensive projects, the company said. "To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become ...