Business

Japan to penalise foreign companies working with North Korea

Tokyo: Japan is preparing a plan to penalise foreign companies that trade or facilitate capital inflows to North Korea as punishment for their ongoing testing of missiles and nuclear weapons.....

57 borrowers owe banks Rs 85,000 crores: RBI informs SC

New Delhi: The Supreme Court on Monday said that only 57 borrowers have defaulted on bank loans worth Rs 85,000 crore after perusing a report submitted by RBI.    RBI....

After being removed as Tata Sons chairman, Cyrus Mistry to approach Bombay HC

New Delhi: After the removal of Cyrus Mistry as the chairman of Tata Sons, the industrialist said he will be approaching the Bombay High Court for redressal. Tata Sons replaced....

Tata Sons replaces Cyrus Mistry, Ratan Tata to be interim chairman

Mumbai:  In a surprise move, industrial conglomerate Tata Sons on Monday has replaced Cyrus P. Mistry as its Chairman and named Ratan N. Tata as the interim chairman of the....

Sensex trading higher on Monday morning

Mumbai: The key Indian equity indices on Monday opened higher following global cues. The 30-scrip Sensitive Index (Sensex) was trading 97.79 points or 0.35 per cent higher soon after opening.....

Depositors prefer asset diversification as bank deposit rates fall

Kolkata: With falling bank deposit rates hitting time deposits hard, people are turning to financial instruments like shares, mutual funds, debentures, currency and tax-free bonds for higher returns, says the....

Chinese yuan weakens to 6-year low against US dollar

Beijing: The central parity rate of the Chinese yuan weakened to a six-year low against the US dollar on Friday. The central parity rate of the yuan, weakened 247 basis....

Patanjali juices, Dant Kanti, Paytm, Amul ads misleading: ASCI

New Delhi: The Advertising Standards Council of India (ASCI)’s Consumer Complaint Council (CCC) has upheld complaints against advertisements including Baba Ramdev’s Patanjali, Dant Kanthi, Paytm and Amul. Out of 159....

Oil prices post solid gain after drop in US crude inventories

New York: Oil prices posted solid gains on Wednesday, with US oil hitting 15-month high, as official data showed a surprisingly large weekly drop in US crude inventories. The Energy....

Profit booking subdues equity markets

Mumbai: Profit booking and caution over the ongoing quarterly results season subdued Indian equity markets during the mid-afternoon trade session on Wednesday.   The wider 51-scrip Nifty of the National....

MakeMyTrip, Ibibo merge to form India’s biggest online traveling company

New Delhi: Online travelling companies Cleartrip and Yatra have a lot of reasons to sweat out before their competition after MakeMyTrip announced that it was merging with online travel entity....

SpiceJet to operate eight new flights from November 15

New Delhi: Budget passenger carrier SpiceJet on Tuesday said that it will operate eight new domestic flights during the upcoming winter schedule effective from November 15, 2016.   "Our new....

KVIC products to be available online soon

New Delhi: Khadi and Village Industries Commission (KVIC) is planning to expand and make Khadi reachable across the globe. If things fall in place the international trend-setting khadi products will....

Chinese yuan continues to weaken, hits six-year low

Beijing: The central parity rate of the Chinese yuan continued to weaken on Monday, hitting a six-year low against the US dollar. The central parity rate weakened by 222 basis....

NDB targeting $2.5 billion incremental revenue next year: NDB president K.V. Kamath

Benaulim (Goa): The New Development Bank, established by BRICS countries last year, is targeting an incremental revenue of $ 2.5 billion in the next year, its President K.V. Kamath said....

Jail term and fine for those who sell cold drinks, water bottles above MRP

New Delhi: Consumer Affairs Minister Ram Vilas Paswan on Friday warned that those who sell cold beverages such as drinks and water above the Maximum Retail Price (MRP) will face....

Air India makes Rs 105 crore operating profit after a decade

New Delhi: For the first time in a decade, Air India has made an operating profit of Rs 105 crore in the fiscal year 2015-16. After the Air India and....

Infosys lowers revenue outlook in rupee, dollar value

Bengaluru: Global software major on Friday lowered its annual revenue guidance for fiscal 2016-17 in dollar and rupee value due to volatility in currencies and uncertain business outlook in the....

HP Inc planning to cut down 4,000 jobs

San Francisco: HP Inc said it plans to cut between 3,000-4,000 jobs in the next three years.   The Silicon Valley company's chief executive officer Dion Weisler told an analyst....

India’s gold imports decline by 59% during January-September

New Delhi: India's gold imports declined by 58.96 per cent to 270 tonnes from January to September from 658 tonnes that were shipped-in during the corresponding period of last year,....

Online shopping during festival season – A hit in non-metro cities

New Delhi: Online shopping has gained huge momentum in India in the past couple of years.  Also, its scope is not just limited to metro or 1-tier cities nowadays, but....

RBI Monetary Policy: RBI cuts repo rate by 0.25 percent to 6.25 percent

Mumbai: The newly-constituted Monetary Policy Committee (MPC) headed by the Reserve Bank of India (RBI) Governor Urjit Patel on Tuesday fixed the apex bank's key interest rates on Tuesday ahead....

IDBI Bank, Reliance Jio awarded for HR practices

Mumbai: IDBI Bank and Reliance Jio were among the companies awarded for their staff-related practices by a top global human resource professional association over the weekend.   During its two-day....

India’s forex reserves rise to $370 billion on September 23

Chennai: India's foreign exchange reserves went up to $370.76 billion as on September 23, the Reserve Bank of India (RBI) announced. According to data released by the RBI, the reserves....

Amazon Great Indian Sale: Here’s how you can get the best discounts

New Delhi: With people rejoicing in Navratri celebrations, online shopping hub Amazon's Great Indian Sale 2016 will begin from Saturday and the discount offers will seemingly plummet over time. If....

Indian equity market trades lower on Friday morning

Mumbai: Key Indian equity market indices opened in the red on Friday after the Indian Army disclosed that it had carried out surgical strikes on terror launch pads across the....

Sensex slumps 500 points following surgical strikes at LoC

New Delhi: Sensitive indices on Thursday trade slumped 500 points after the director general military operations (DGMO) confirmed that India had conducted surgical strikes along the Line of Control in....

India 39th most competitive country: WEF

New Delhi: India climbed 16 positions to the 39th spot in the global competitiveness index (GCI), according to World Economic Forum report. The GCI Report 2016-17 said the country showed....

Karnataka unveils online platform to boost tourism

Bengaluru: Karnataka on Monday launched 'Prathama' -- an online platform to collect, collate and disseminate information on the tourism sector for attracting more tourists to the southern state.   "Besides....

Amazon ties up with Dharma Productions for digital streaming rights

Mumbai: E-commerce platform Amazon and Dharma Productions on Monday announced a long-term agreement that will make the catalogue of existing as well as upcoming Bollywood movies from the Karan Johar-led....