Business

Apple's market capitalisation on Thursday topped a record $934 billion, following its unveiling last week of a $100 billion buyback budget and news that Warren Buffett's Berkshire Hathaway dramatically increased its stake in the company.

Fortis has been struggling with insufficient cash and growing debt, at a time when regulators are investigating allegations that its founders took funds without board approval. The founders, who have since left Fortis, deny wrongdoing.

Prabhu told the sixth Indo-US aviation summit that such cooperation will offer great business opportunities to American companies already present in the country.

It was almost two years after starting business that Flipkart got its first full-time employee in Ambur Iyyappa, who went on to become a millionaire.

In recent months, many frauds in the banking sector, including those involving diamantaire Nirav Modi and his firms, Rotomac Pens, Dwarka Das Seth International, and Aircel, have come to light.

The stock ended with a sharp gain of 6.86 per cent at Rs 309.25 on BSE. During the day, it soared 8.67 per cent to Rs 314.50.

Flipkart’s founders Sachin Bansal and Binny Bansal (not related) currently hold 5.5% and 5% respectively. If they sell a substantial part of their 11 percent stake, each could make close to $1 billion.

Coffee is popular with millennials who have grown up with Starbucks and often seek out smaller brands. A willingness to pay up for exotic beans and specialty drinks means companies can brew up richer profit margins than in mainstream packaged food.

"Indian stock market is showing an increasing tendency for zero tolerance towards any perceived dishonesty on the part of companies, expecting them to remain fully transparent and compliant in corporate governance and has severely punished the companies f...

According to aviation consulting firm CAPA India, it is critical for the central government to amend the labour and debt conditions for the divestment process to succeed.

Senior bank officials said that the delay in supplying of remittances by the Reserve Bank of India (RBI) in Guwahati caused the note crisis in most of the ATMs.

The two days of talks were aimed at forestalling momentum towards a looming conflict between the world's two largest economies, with both sides prepared to pull the trigger on tariffs that could affect trade in billions of dollars of goods.

The GST mop-up in the entire fiscal 2018 (from July to March) stood at Rs 7.41 trillion and major 15 states budgeted around Rs 5.5 trillion. The combined GST revenue estimated for FY19 would be at Rs 12.9 trillion or an average Rs 1.07 trillion a month.

Forex dealers said weakness in the dollar against some other currencies overseas after the US Federal Reserve reaffirmed the outlook for more rate hikes this year, supported the rupee.

The stock also witnessed selling pressure as Sebi is examining the sharp plunge in the shares of InterGlobe Aviation, the parent of IndiGo, hours before it announced the resignation of its president Aditya Ghosh.

The audio business includes KRK, Cerwin Vega and Stanton headphones, loudspeakers and turntables for amateur and professional musicians and sound engineers.