Business

Nippon Life to acquire 23 percent stake in Reliance Life for $348 million

Mumbai: The Foreign Investment Promotion Board has granted approval to Japan's Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will....

Bharti Airtel acquires Videocon Telecom Spectrum in 6 circles for Rs 4,428 crore

New Delhi: Bharti Airtel, India’s largest Telecom operator, has taken over Videocon Spectrum for Rs 4,428 crore. The development has come after Idea Cellular and Videocon announced the termination of....

The Blackstone Group acquires Mphasis in rumoured $1 billion deal

New Delhi: The Blackstone Group has emerged as the strongest contender to acquire (Information Technology) IT services firm Mphasis from Hewlett Packard Enterprise in a deal, which is said to....

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Alibaba to train one million teenagers to take e-commerce to rural areas

Beijing: Alibaba reached an agreement on Tuesday with the China Communist Youth League, a CPC reserve force, to train one million teenagers to take e-commerce to rural areas. The agreement....

Key Indian equity indices trading flat on Tuesday morning

Mumbai: After gaining for two straight sessions, key Indian stock indices were trading flat on Tuesday morning. Trading at other Asian markets was also cautious ahead of the decisions over....

India’s inflation eases, Industry raises pitch for rate cut

New Delhi: India's annual retail inflation eased to 5.18 percent in February from 5.69 percent in the month before even as the 12-month wholesale inflation was in the negative for....

Sasken Communication soars after settlement with Spreadtrum

Mumbai: After the announcement of settlement with Spreadtrum Communications Inc. and Beijing Uni, Sasken Communication Technologies surged by 20% to Rs 379 on the BSE to register its biggest intraday....

India’s star shines bright in global gloom: IMF chief

New Delhi: With young workforce and continuing policy reform, India has not only emerged as the fastest-growing economy, but its stars also shine bright amid the current global gloom, International....

Modi, IMF chief set to address ‘Advancing Asia’ conference

New Delhi: Prime Minister Narendra Modi and International Monetary Fund (IMF) Managing Director Christine Lagarde were set to address the "Advancing Asia Conference" here on Saturday morning to take stock....

Bajaj Auto announces the booking of motorcycle ‘Bajaj V’; delivery on March 23

Hyderabad: India’s leading two wheeler manufacturer Bajaj Auto Limited has finally announced the booking window for its highly awaited executive commuter motorcycle, 'Bajaj V', from March 10-20. The bike contains....

Data pricing pressures already pinching the incumbents

New Delhi: Even before Reliance Jio launches its 4G services in the country, Morgan Stanley believes the pricing pressures are already pinching the incumbents thanks to a tepid growth in....

China’s economy had sanguine performance last year

Beijing: China's economy had a "sanguine performance" last year, a senior regulator said on Sunday on the sidelines of the annual parliamentary session. Xu Shaoshi, who heads the National Development....

EPF’s tax row: Big announcement expected, Modi likely to defer EPF tax

New Delhi: Prime Minister Narendra Modi’s government is likely to defer the Employees Provident Fund (EPF) tax proposed in the General Budget 2016. The big announcement is expected in Lok Sabha....

PM Narendra Modi requests FM Arun Jaitley to restore tax benefits on EPF

New Delhi: Prime Minister Narendra Modi has asked Union Finance Minister Arun Jaitley to reconsider the budgetary proposal under which a part of the Employees Provident Fund (EPF) withdrawal will....

IMF to separately identify Chinese yuan in survey of COFER

Washington: The International Monetary Fund (IMF) announced it will separately identify the Chinese yuan in its quarterly survey of the composition of foreign exchange reserves (COFER) from October 1. Currently,....

Big win for mobile consumers: SC refuses to stay Delhi HC order on compensation

  New Delhi: With Delhi High Court’s landmark judgement, telecom companies would be required to pay Re 1 for every call drop, with Rs 3 being the maximum compensation which....

China tops the world in digital payment systems

Beijing: China has the highest adoption rate in the world for technology-enabled payment systems, the media reported on Thursday. In a survey of 13,000 respondents in 26 countries, 86 percent....

China’s marine output increase by 7 percent 2015

Beijing: China's marine economy generated 6 trillion yuan ($989 billion) in 2015, 7 percent more than in 2014, official data showed on Thursday. The sum accounted for about 9.6 percent....

GST network to be implemented soon across India

Bengaluru: As the world's largest open source project, the Goods and Services Taxes Network (GSTN) will be ready soon for implementation across the country, a top official said on Wednesday.....

Mukesh Ambani tops 84 Indian billionaires; Bill Gates world’s richest

Washington: Reliance Industries chairman Mukesh Ambani again topped 84 Indian billionaires in Forbes 2016 list of the world's richest people once again headed by Bill Gates with a net worth....

US stocks open higher as oil continues to recover

New York: US stocks opened higher on Tuesday, the first trading day of March, as oil continued to recover and investors expected a further easing of monetary policies due to....

Jewellers oppose sales tax; want reversal of hike

New Delhi: A community of jewellers in the country decided to go on an indefinite strike from Tuesday in protest over the re-introduction of sales tax on gold jewellery after....

Moody’s, Fitch Ratings terms India’s Budget 2016 as credit positive

Chennai: Global credit rating agencies -- Moody's Investors Service (Moody's) and Fitch Ratings -- termed India's fiscal budget for 2016-17 as credit positive for sovereign rating, but pointed out certain....

Who is happy and who is sad post Budget 2016?

New Delhi: Finance Minister Arun Jaitley on Monday didn’t give relief to everyone and as it’s said you can’t make everyone happy – Jaitley couldn’t put a smile on everyone’s....

What’s cheap and what’s expensive post Budget 2016?

New Delhi: Decoding the Union Budget 2016-17 for the common man, we bring you a list of things that will be more expensive and a few things that will cost....

Finance minister Arun Jaitley’s 9 pillars to transform India

New Delhi: While addressing the Union Budget2016-17 in the Parliament Finance Minister Arun Jaitley on Monday listed out 'nine pillars' including tax reforms, education and job creation, social sector, agriculture,....

Arun Jaitley’s top quotes from Budget 2016 speech

New Delhi: Finance Minister Arun Jaitley on Monday presented Union Budget 2016 in the Lok Sabha amid concerns over stagnating growth, the state of government finances and stuttering pace of....

Has the Modi govt walked the talk? Experts speak about Budget 2016

New Delhi: Is India really growing at 7.6 %? Many people think it’s a Jumla - an empty promise. Let’s take a look at what experts feel. Experts feel that....

Budget 2016: Mid-Term Full overview of Narendra Modi Government

New Delhi: Enough indications are coming up to suggest that the Union Budget for the fiscal year 2016-17 will primarily focus on stimulating growth without deviating too much from the fiscal....

UltraTech buys JP cement plants for Rs 16,500 crore

Mumbai: Aditya Birla-led UltraTech Cement on Sunday announced acquisition of Jaiprakash Associates Ltd's cement plants, with total capacity of 22.4 million tons per annum (mtpa), for Rs 16,500 crore (about....