Business

Most of these redundancies are in the customer support department and also include movements to other departments as part of our internal job placement (IJP) exercise, Zomato said in a statement.

State Bank of India expects RBI to cut repo rate by 25 bps. Meanwhile, Bank of Baroda expects RBI to cut rates by as much as 50 basis points to support growth as inflation remains below its target of 4%.

According to the report, 21 members of the Bloomberg Billionaires Index lost $1 billion or more each in Monday’s stock market mayhem, with Amazon founder Jeff Bezos being the most hit as his net worth was down $3.4 billion.

After cracking over 700 points in day trade, the 30-share index pared losses to close at 36,699.84, still down by 418.38 points, or 1.13 per cent. It hit a low of 36,416.79 and a high of 36,844.05.

Both crude benchmarks fell last week, with Brent down 2.5 percent and US crude falling 1 percent after plummeting by more than 7 percent on Thursday after Trump's tweet to the lowest level in about seven weeks.

Siddhartha, whose body was recovered from a river near Mangalore on Wednesday after going missing on Monday, had struggled with mounting financial burden and a letter purportedly written by him had hinted at his war with 'serious liquidity crunch'.

The lead banker to Jet Airways, State Bank of India, has approved a Rs 10 crore interim funding to the airline and other banks are also in the process of approving the same, a banking source said.

BSE-listed Coffee Day Enterprises Ltd (CDEL) had a total current liability of Rs 5,251 crore as on March 31, 2019, up from Rs 2,457.3 crore a year back, as per a filing to the bourse.

Eicher Motors Ltd shares fell 3.4% as the company’s net profit declined 21.6% to Rs 451.8 crore in the June quarter compared with Rs 576.2 crore a year ago, while revenue dipped 6% to Rs 2,381.9 crore versus Rs 2,534.4 crore.

Non-subsidised or market priced LPG, which consumers buy after exhausting their quota of 12 cylinders of 14.2-kg each at subsidised rates, will now cost Rs 574.50 with effect from midnight on Thursday, the Indian Oil Corporation (IOC) said in a statement.

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40% of the country's industrial output.

Axis Bank emerged as the biggest loser, dropping 4.55 per cent, followed by Bharti Airtel, Reliance, NTPC, Maruti, Tech Mahindra, ONGC, HDFC and HDFC Bank.

The rupee opened weak at 68.89 at the interbank forex market and slipped further to 68.94, showing a decline of 9 paise against its previous close.

Currently, the airline operates a daily flight to Jeddah from the UP capital via New Delhi. With the direct flight, the journey time from Lucknow will come down by 3 hrs, Air India said Monday.

At 10:37 am on Friday, Tata Motors shares were trading at Rs 147.90, up 2.5%, on BSE after hitting an intra-day high of Rs 148.35. The stock has corrected over 41% in the last one year

The secretaries are the top bureaucrats and are placed next to ministers in hierarchy.