Business

Non-manufacturing sector in China grows slow in April

Beijing: Business activity in China's non-manufacturing sector expanded at slower pace in April, official data showed on Sunday. The purchasing managers' index (PMI) for the non-manufacturing sector stood at 53.5....

Reliance Defence, Ukroboronprom sign pact for military aircraft

Mumbai: Reliance Defence, a part of the Anil Ambani-led Reliance Group, has inked a pact with Ukraine's state-owned Ukroboronprom to collaborate for assembling and maintaining the Antonov series of military....

LeEco-Flipkart renew tie-up for phone launch in India

New Delhi: Global internet technology conglomerate LeEco has now renewed its exclusive partnership with Flipkart in anticipation of the launch of its next bestseller phone in India. An agreement to....

Syngene posts Q4 profit up 18% to Rs 66.5 crore

New Delhi: Syngene International Ltd, the contract research services arm of India's largest biopharmaceutical firm Biocon Ltd, reported an 18 percent increase in net profit at Rs 66.5 crore for....

No proposal of merger between IDBI and L&T Finance

New Delhi: Government-owned IDBI Bank said there is no formal proposal from L&T Finance Holdings for merger with the bank. "There is no proposal from L&T Finance for merger," IDBI....

Banks classify Bhushan Steel loans as non-performing assets

New Delhi: Several banks that loaned money to Bhushan Steel Ltd have classified their loans as bad, or as a non-performing asset (NPA) in January-March quarter. According to the reports,....

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Monday Market Watch: Infosys, DCB Bank strike gold, TCS a worry

New Delhi: Going by Monday’s trends in the stock market, below is a list of the best movers on the BSE Sensex and NSE Nifty. IT giant Infosys is likely....

Top 50 US companies have stashed $1.4 trillion in tax havens

London: As many as top 50 US companies, including the likes of Apple, Walmart, General Electric, Microsoft, Google and Coca-Cola have a whopping $1.4 trillion stashed in offshore tax havens,....

OYO Rooms, Biotique partner to enhance in-room experience

New Delhi: Branded budget hotel marketplace OYO Rooms on Thursday announced a tie-up with Biotique, a leading brand for personal care products, to enhance in-room experience for the travellers. "With....

US stocks trade high after China data

New York: The US stocks traded higher in the morning session on Wednesday, after strong Chinese trade data and JPMorgan Chase's better-than-expected quarterly profit. By noon, the Dow Jones Industrial....

Sensex gains 279 points in early trade

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 279.50 points or 1.11 points higher during the morning session.   The wider....

Huawei watch launches in India with Android wear

Bengaluru: Chinese telecom major Huawei on Monday entered the India's intensely competitive wearable market, with a watch powered by Android app embedded in it to stay connected anywhere and send....

Ashoka Buildcon’s share value rises as no incriminating docs found in Income Tax raid

New Delhi: The share value of construction company Ashoka Buildcon increased by up to 10 per cent to Rs.161.80 on Monday after no incriminating documents were found during the income....

Chinese firm keen to invest in Telangana irrigation projects

Hyderabad: China's Gezhouba Group Company Ltd has come forward to invest and become a partner in construction of irrigation projects in Telangana, an official statement said on Friday.   A....

Petroleum minister Dharmendra Pradhan to visit Iran and UAE

New Delhi: In the first visit by an Indian minister to Iran since sanctions against it were lifted earlier this year, Petroleum Minister Dharmendra Pradhan will be in the country....

Ahead of the monetary policy review, RBI’s 50 bps rate cut can be effective: CEO survey

New Delhi: While 25 basis points (bps) cut in the interest rates by the RBI in the monetary policy is imminent, the real impact on lending costs will be felt....

Australia approves grant of mining leases to Adani

Sydney: India's Adani Enterprises may soon start work on the mega Carmichael coal project in Australia after securing leases following final environmental clearance by the government. Australia's Minister for Natural....

India’s foreign exchange reserves go down marginally

Chennai: India's foreign exchange reserves went down to $355.55 billion for the week ended March 25, the Reserve Bank of India (RBI) said.   According to RBI's forex data, the....

CBDT processes 6.53 lakh online tax return correction requests

New Delhi: India's tax department has processed over 6.53 lakh online rectification applications in the last fiscal and asked assessees to make use of the e-filing portal for correcting mistakes....

Maruti Suzuki sales up 15.9 percent for March

Mumbai: Passenger automobile manufacturer Maruti Suzuki on Friday reported a 15.9 percent growth in total sales for March. The company's total sales stood at 129,345 units during the month --....

Sachin Tendulkar launches Smartron’s smartphone & tablet

New Delhi: Cricketer Sachin Tendulkar on Friday launched Smartron's smartphone called 't-phone' and a two-in-one notebook of the technology company. While unveiling the phone, Tendulkar said that he will offer....

Indian Oil Corp bids for joint venture with Myanmar Petroleum

Nay Pyi Taw: Indian state-run company Indian Oil Corporation (IOC) has bid for fuel trade with Myanmar, the media reported on Friday. Myanmar Petroleum Products Enterprise (MPPE) offered the tender....

Reliance Defence, Ukraine’s Antonov to partner for dual version transport aircraft

Mumbai: Reliance Defence on Thursday said it is partnering the Ukraine-based state corporation Antonov for dual version transport aircraft for military, para military and commercial use in India that has....

RBI revises external commercial borrowings framework

Kolkata: Considering the critical need for long-term funding of infrastructure sector in the country, the Reserve Bank of India (RBI) has revised the overseas borrowings or external commercial borrowings (ECBs)....

Russia’s Rostec to provide long-term maintenance for Mi-17 choppers

Panaji: Russian Helicopters is close to signing a long-term maintenance agreement with India's Defence Ministry to provide after sales service for the entire fleet of Mi-17 helicopters, said the foreign....

Reliance Defence, Rafael to partner for development of defence manufacturing

Mumbai: Reliance Defence, a part of the Anil Ambani-led group, on Tuesday said it is forming a joint venture in India with Rafael of Israel for air-to-air missiles, air defence....

Reliance Defence delivers first ship after Pipavav takeover

Mumbai: Reliance Defence has delivered its seventh offshore supply vessel to Oil and Natural Gas Corp. from its stable of indigenously designed and built ships, on an order valued at....

Constrained dollar demand by jewellers to exert an upward pressure on rupee

Mumbai: Pent up demand for US dollars by the jewellery sector, coupled with a weak Chinese yuan are expected to exert pressure on the Indian rupee during the upcoming week,....

Jaitley visiting Australia soon to woo investments

New Delhi: Finance Minister Arun Jaitley will fly to Australia on March 28 on a four-day visit to attract foreign investments in the infrastructure sector.   "One of the objectives....

CraftsVilla expands its services to Australia, New Zealand and Middle East

New Delhi: CraftsVilla, an Indian online vendor for ethnic products, has expanded its services to Australia, New Zealand and Middle East countries. Craftsvilla.com is a marketplace to discover unique Indian....