Reuters

To increase its competitiveness in the cloud market, Oracle has also acquired companies including NetSuite, its largest purchase to date.

On a consolidated basis, Tata Motors reported net loss of Rs 7,605 crore against an expectation of profit of Rs 2,672 crore, according to Refinitiv IBES data.

Domestic stock markets started Tuesday's session at record highs, with the NSE Nifty benchmark index finally crossing its June high to clock a new record. The S&P BSE Sensex rose as much as 231.05 points to touch a record 41,120.28, and the broader Nifty climbed as high as 12,132.45 - up 58.7 points from the previous close - to register its highest intraday level ever...

Flipkart and Amazon have been burning through cash to offer those discounts and a bigger push into private labels could help them make money as they control the pricing, marketing and supply chain of these brands, say analysts.

Mr Jaitley spoke after data on Wednesday showed that India's economy, Asia's third largest, suffered a growth slowdown in the quarter to March, to 6.1 percent, well below the expectations of independent economists.

Last month, government tweaked laws to help tackle a record $150 billion in troubled bank debt.

Bandhan Bank shares today: Bandhan Financial Holdings Ltd, a so-called NBFC that does not take deposits, owns an 82.28 per cent stake in the bank.

Amazon, which became the second company after Apple to cross $1 trillion in market value last month, currently pays around $11 per hour. Analysts said the raise would cost it $1 billion or less annually but would be offset by a recent $20 increase in the cost of its Prime memberships.

The beleaguered company's debt pile had grown to more than Rs 90,000 crore ($12.33 billion).

The government replaced the company's entire board on Monday after recent defaults on some of its debt obligations triggered declines in stock and debt markets, leading to concerns about broader risk in the country's financial sector.

The government on Thursday announced a 2.50 rupees-per-litre cut in the prices of gasoline and diesel.

RBI Monetary Policy: The panel however, shifted its policy stance to 'calibrated tightening" from 'neutral'. Five of the six panel members voted to leave the rate unchanged.

The United States has said it plans to impose new sanctions targeting Iran's oil sector on November 4. Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower.

The government said IL&FS was not making enough profits to take care of its interest expenses, leading to defaults and rating downgrades.

Government seeks to assure investors that it would not go back to regulating fuel prices, a day after oil company shares tumbled on concerns about a return to a regime that has hurt their profits in the past.

The government does not yet know if it will be granted a waiver from US sanctions on Iran, he added.

The revision in the refinance limit comes on the back of rising contagion fears after IL&FS, a major infrastructure financing and construction company, defaulted on some of its debt obligations.

CARE cut its rating on Gati's long-term bank facilities to 'BBB' from 'A-', and downgraded short-term bank facilities to 'A3+' from 'A2+', according to a regulatory filing. Investors are paying closer attention to rating downgrades after the government rescued shadow banking firm Infrastructure Leasing & Financial Services (IL&FS), whose rapid decline spooked investor...

The statement from Amazon India comes days after a petition filed with fair trade regulator CCI alleged that the e-commerce company favours merchants that it partly owns. Amazon has scheduled its Great Indian Festival sale over October 10-15 and Flipkart's Big Billion Days sale is scheduled for October 10-14, according to their websites.

SBI said it believes that there is a "good opportunity" to expand its loan portfolio at "attractive rates".