Business

Corporate India gives thumbs up to Modi’s black money curbing initiative

New Delhi: As the government tightened its noose on black money, India's corporate sector cutting across the spectrum gave a thumbs up to the step taken by Prime Minister Narendra....

Trump effect and PM’s game-changing declaration affect markets; Nifty and Sensex down

Mumbai: India's benchmark sensitive index (Sensex) lost 1,688 points or around 6.12 per cent at one point on Wednesday, following the government's decision to demonetise Rs 500 and Rs 1,000....

Primary real estate market unaffected by rupee notes axing

Chennai: The primary real estate market will not be disturbed much with the government's decision to withdraw 500 and 1,000 rupee notes as legal tender, said a top official of....

MTR to probe recall of ‘sambar’ powder packs in US

Chennai: The Bengaluru-based food products company MTR Foods is trying to ascertain the reasons for the withdrawal of sambar powder packs by an American company.   The US Food and....

Ahead of US Elections 2016 results, Gold prices fall

New York: Gold futures on the COMEX division of the New York Mercantile Exchange dropped on Tuesday, as investors largely waited on the sidelines ahead of the results of the....

India needs to look for new export markets: Sitharaman

New Delhi: Commerce and Industry Minister Nirmala Sitharaman on Tuesday said that to boost exports, India needs to look for newer markets like Africa or Latin America for which ECGC,....

Adani Enterprises forms joint venture to manufacture UAVs

Mumbai: Adani Enterprises on Tuesday said that it has formed a joint venture firm with Israel-based defence electronics company Elbit Systems to manufacture UAVs in India. According to the company,....

ADB approves $121 bn worth of South Asian projects

Kathmandu: The Asian Development Bank (ADB) has launched an operational plan for the implementation of $121 billion worth of projects in South Asia. The plan for South Asia Sub-regional Economic....

Microsoft’s former CEO Steve Ballmer talks about strained relationship with Bill Gates

New York: Differences over the smartphone and tablet business strained his relationship with Bill Gates, Microsoft's former CEO Steve Ballmer recounted in an interview to Bloomberg this week.   If....

United Breweries sees steep decline of 48% in net profits

Bengaluru: United Breweries Ltd. on Saturday reported standalone net profit of Rs 27 crore for the second quarter (July-September) of fiscal 2016-17, registering a 48 per cent decline from Rs....

Europe-India economic relations main focus of Brussels conference

Brussels: The Europe India Chamber of Commerce will be hosting its annual flagship event - Trade and Investment Partnership Summit - in Brussels on November 8, it was announced on....

Indian equity indices open in red

Mumbai: Key Indian equity market indices opened in the red on Friday following global cues despite the crucial decision on Goods and Services Tax (GST) rates. The 30-scrip Sensitive Index....

Explained: Various tax slabs suggested under GST by Finance Minister Arun Jaitley

New Delhi: The Centre on Thursday approved four main tax slabs ranging from 5% to 28% under a proposed Goods and Services Tax (GST). The panel headed by the Finance....

Investing in equity fund is better: Author Ashwin Sanghi to NewsX

New Delhi: Speaking to NewsX in an exclusive conversation, one of India’s highest selling authors of English fiction, Ashwin Sanghi shared his thoughts with Shashwat Bhandari on how to smartly....

Markets open on a negative note

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.   The Sensex of the BSE after opening at 27,679.32....

Ratan Tata, Cyrus Mistry trade fresh charges

Mumbai: Amid allegations that the manner in which the Tatas' break-up with DoCoMo was handled by Cyrus Mistry was among the reasons that led to his ouster as Tata Sons chairman,....

Indian Oil Corp hikes prices of non-subsidised cooking gas by Rs 37.50 per cylinder

New Delhi: State-run oil marketer Indian Oil Corp. (IOC) on Monday hiked prices of non-subsidised LPG, or cooking gas, by Rs 37.50 per cylinder and by Rs 2 for a....

Northeast continues to rank at bottom on business reforms implementation

New Delhi: Despite the stated promise of promoting India's north eastern states, the region continues to rank at the bottom of the pyramid as per the latest ease of doing....

Samvat 2073 begins on a positive note for Indian equities

Mumbai: Samvat 2073, marking the start of the Hindu New Year, began on a positive note for Indian equities at a special trading session held on Sunday.   Held every....

Cyrus Mistry’s removal: A statement by Tata Sons

Mumbai: It is a matter of deep regret that a communication marked confidential to Tata Sons board members has been made public in an unseemly and undignified manner. The correspondence....

Sunil Mittal elected GSMA’s chairman for 2 years

New Delhi: The GSMA has elected Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, as its chairman for the two-year period from January 2017 to December 2018, a statement said....

Key Indian equity market indices trade lower on Thursday morning

Mumbai: Taking cues from global markets, the key Indian equity market indices opened lower on Thursday. The Sensitive Index (Sensex) of the BSE, which had closed at 27,836.51 points on....

India-Korea new DTAA comes into force from September

New Delhi: India's revised double taxation avoidance agreement (DTAA) with South Korea, under which capital gains tax will be levied at the source with effect from April 1, 2017, has....

Could DoCoMo be the reason for the ‘mystery’ exit of Cyrus from Tata Group?

New Delhi: As an official word over the unprecedented exit of Cyrus P. Mistry from the Tata Group is yet to come out, speculations have it that the ongoing legal....

Tatas’ Air Asia deal involved Rs 22cr fraudulent payment, says Mistry

Mumbai: In the high corporate drama between the sacked Chairman of Tata Sons, Cyrus P. Mistry and the company's board of director, an element of fraud has emerged as a....

Airtel launches 10-day international roaming packs

New Delhi: Bharti Airtel on Wednesday launched an affordable 10-day validity pack for international roaming with unlimited incoming calls, available for popular destinations, a company statement said.   The pack....

Markets open on negative note on Wednesday

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.   The Sensex of the BSE after opening at 28,050.55....

Jaguar Land Rover CEO and TCS MD appointed as Tata Sons Additional Directors

New Delhi: After the industrial conglomerate, Tata Sons replaced Cyrus P. Mistry as its Chairman and named Ratan N. Tata as the interim chairman of the company, Ralf Speth the....

Tata Vs Cyrus Mistry: Both parties file caveats in the court

New Delhi: The Tata group and its ousted chairman Cyrus Mistry, both filed multiple caveats in legal forums on Tuesday. Cyrus Mistry had however rubbished the reports of suing the....

Cyrus Mistry rubbishes reports of suing Tata for his sudden removal

New Delhi: The ex-chairman of Tata Sons Cyrus Mistry rubbished the reports of suing the company for his sudden dismissal from the group. He said he has no immediate plans....