Business
Note-Ban Bites HDFC Bank, Posts Lowest-Ever Profit Growth
Business January 24, 2017 07:20 PM
Private sector HDFC Bank today reported its lowest-ever quarterly profit growth at 15 per cent at Rs 3,865.3 crore for the December quarter, pulled down
Rupee Trims Early Gains, Down 2 Paise At 68.20
Business January 23, 2017 07:42 PM
The rupee surrendered its early strong gains against the American currency and ended marginally lower by two paise at 68.20 despite dollar outlook remaining lacklustre. Dealers
Sanjiv Goenka Group, Bharti Commits Rs 14,000 Cr for Bengal
Business January 20, 2017 03:11 PM
R P Sanjiv Goenka Group and Bharti Enterprises today announced an investment commitment of up to Rs 14,000 crore in West Bengal over the next
Business January 19, 2017 04:06 PM
Mortgage lender HDFC Ltd today slashed lending rate by 0.15 per cent for its existing customers. The company reduced its Retail Prime Lending Rate
Rupee Falls 13 Paise to End at 68.08 Vs Dollar, Pound Surges
Business January 18, 2017 06:57 PM
The rupee pared its early gains against the US dollar to end lower by 13 paise at 68.08 on renewed dollar demand from importers amid
Tata Motors Appoints N Chandrasekaran As Its Chairman With Immediate Effect
Business January 17, 2017 08:01 PM
Tata Motors today appointed Tata group chief designate N Chandrasekaran as its Chairman with immediate effect. In a regulatory filing, the company said "the Board of
Market Makes Tepid Recovery, Banks Take the Lead
Business January 16, 2017 06:44 PM
The stocks today showed resilience in the face of lurking inflation fears as the Sensex edged up to end at 27,288, helped by financial stocks,
Experts Punch Holes In Government's 'Make In India' Claims, Say No Impact In FDI Into Focus Sectors Yet
Business January 15, 2017 11:14 AM
Punching holes in the government's claims on success of Make in India campaign, an analysis by two renowned experts reveals that the programme may not
'Humiliated' by Post-Note Ban Events, RBI Staff Write to Patel, Protest Against Operational 'Mismanagement'
Business January 14, 2017 08:59 AM
Feeling "humiliated" by events since demonetisation, RBI employees today wrote to Governor Urjit Patel protesting against operational "mismanagement" in the exercise and Government impinging its
Dena Bank Favours Tax Benefits On Digital Payments In Budget
Business January 13, 2017 04:07 PM
As it gears up to launch its mobile wallet next week, state-owned Dena Bank has favoured tax concessions in the upcoming Budget for customers and
TCS Chief N.Chandrasekaran Named Tata Sons Chairman Over Two Months After Mistry Ouster
Business January 12, 2017 07:23 PM
Over two months after the unceremonious sacking of Cyrus Mistry, USD 103-billion Tata Group today named TCS chief N Chandrasekaran as the new Executive Chairman
  • NSE Nifty breached the crucial 8,400-mark and BSE Sensex gained 113 points in early trade today on sustained buying by domestic investors ahead of key
  • The rupee recovered by 22 paise to 68.10 against the US dollar in early trade today on fresh selling of the American currency by exporters. Besides,
Adverse Effects Of Demonetisation In India To Disappear In Medium Term, Says World Bank
Business January 11, 2017 03:07 PM
The World Bank today said that the "adverse effects" of demonetisation in India will disappear in the medium term, saying any reform has short-term costs. "Any
Note-Ban Bites HDFC Bank, Posts Lowest-Ever Profit Growth
Business January 24, 2017 07:20 PM
Private sector HDFC Bank today reported its lowest-ever quarterly profit growth at 15 per cent at Rs 3,865.3 crore for the December quarter, pulled down
Rupee Logs First Gain in 5 Days, Up 5 Paise at 68.15
Business January 24, 2017 06:54 PM
Breaking a four-day retreat, the rupee staged a modest recovery to end higher by 5 paise at 68.15 against the American currency in yet another
Sensex Scales 258 Pts to 2-Month High, Nifty Above 8,400
Business January 24, 2017 06:04 PM
A set of strong corporate earnings numbers gave the market enough comfort as the Sensex soared by over 258 points today to end at 27,376,
Govt Approves 3% Interest Subsidy on Home Loans Upto Rs 2l L
Business January 24, 2017 05:13 PM
In a bid to ease EMI burden by ensuring cheap home loans in rural areas, the Centre today approved 3 per cent interest subsidy on
Aircel-Maxis Case: Court to Pass Order on Charge on Feb 2
Business January 24, 2017 03:26 PM
A special court today said it will pronounce on February 2 its order on framing of charges against former Telecom Minister Dayanidhi Maran, his brother
Smartphone Sales Fall By 30% In Top 50 Indian Cities In November, Says Research Firm
Business January 24, 2017 02:48 PM
Smartphone sales in the top 50 Indian cities fell sharply by 30.5 per cent in November 2016 over the previous month, hit by double whammy
Rupee Trims Early Gains, Down 2 Paise At 68.20
Business January 23, 2017 07:42 PM
The rupee surrendered its early strong gains against the American currency and ended marginally lower by two paise at 68.20 despite dollar outlook remaining lacklustre. Dealers
Uber To Bring Food Delivery App 'UberEATS' In India
Business January 23, 2017 06:04 PM
Transportation app Uber will soon launch its on-demand food delivery app 'UberEATS' in the Indian market. The US-based company had started UberEATS in 2014 as a
Sanjiv Goenka Group, Bharti Commits Rs 14,000 Cr for Bengal
Business January 20, 2017 03:11 PM
R P Sanjiv Goenka Group and Bharti Enterprises today announced an investment commitment of up to Rs 14,000 crore in West Bengal over the next
China's Economy Slows to 6.7%, Its Lowest in 26 Years
Business January 20, 2017 02:46 PM
China's GDP growth last year tanked to its lowest level in more than a quarter century at 6.7 per cent, amid a scandal that a
Business January 20, 2017 11:56 AM
The Enforcement Directorate today registered a money laundering case in the Katni district hawala racket to probe allegations that stash funds to the tune of
Air India to Hike Salaries of Permanent Employees by 2 Per Cent
Business January 20, 2017 11:40 AM
For the first time in nearly five years, national carrier Air India will give a 2 per cent salary hike to its permanent employees.
Rupee Firms Up 10 Paise Against Dollar in Early Trade
Business January 20, 2017 09:45 AM
Rupee recovered by 10 paise to 68.03 against the US dollar in early trade today on fresh selling of the American currency by exporters.
Business January 19, 2017 04:06 PM
Mortgage lender HDFC Ltd today slashed lending rate by 0.15 per cent for its existing customers. The company reduced its Retail Prime Lending Rate
Business January 19, 2017 03:29 PM
A special court here has ordered attachment of property worth Rs 4.2 crore in Odisha belonging to chit fund company Saradha Realty India Private Limited,
In a Relief to Tata Sons, NCLT Rejects Mistry Firms' Contempt Petition
Business January 19, 2017 12:00 PM
The National Company Law Tribunal today dismissed a contempt petition filed by two Cyrus Mistry family companies against Tata Sons and its directors, alleging violation
Rupee Falls 13 Paise to End at 68.08 Vs Dollar, Pound Surges
Business January 18, 2017 06:57 PM
The rupee pared its early gains against the US dollar to end lower by 13 paise at 68.08 on renewed dollar demand from importers amid
Sensex Moves Back to the Green, Nifty Above 8,400
Business January 18, 2017 05:52 PM
Market took comfort from the government's move to put FPI taxation on hold as the Sensex finished the day at 27,258 with minor gains and
No 'Silver Bullet' for Excessive Inequality, Says IMF Chief Lagarde
Business January 18, 2017 05:14 PM
Policymakers across the world must act now to check inequalities even as there is no "silver bullet" to contain this problem, IMF chief Christine Lagarde
India's 'Dynamic Economy' to Grow at 7.7%: UN
Business January 18, 2017 05:02 PM
India is one of the most "dynamic emerging economies" and is likely to grow at 7.7 per cent this year on strong private demand and
Aircel-Maxis Case: Court to Pass Order on Charge on Jan 24
Business January 18, 2017 01:08 PM
A special court will pronounce on Tuesday next its order on framing charge against former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and others
Tata Motors Appoints N Chandrasekaran As Its Chairman With Immediate Effect
Business January 17, 2017 08:01 PM
Tata Motors today appointed Tata group chief designate N Chandrasekaran as its Chairman with immediate effect. In a regulatory filing, the company said "the Board of
Note Ban Can Do Little to Stop Future Blackmoney Flow: Assocham
Business January 17, 2017 05:41 PM
Demonetisation may wipe out the present stock of black money held in cash from the economy but cannot eliminate the ill-gotten wealth converted into assets
Growth Fears Haunt Stocks, Nifty Ends Below 8,400
Business January 17, 2017 05:35 PM
Growth concern cast its shadow on the market as the flagship Sensex slipped marginally to close at 27,236 after IMF sharply lowered India's GDP estimate,
Microsoft Launches 2-In-1 Foldable Device That Can Transform From A Phone To Tablet
Business January 17, 2017 05:21 PM
Software giant Microsoft is planning to come up with a 2-in-1 foldable device supported by flexible hinge that can transform from a phone to a
Govt for Easing FDI Norm for Single Brand Retail
Business January 17, 2017 05:11 PM
 The government is considering allowing 100 per cent FDI through automatic route in single brand retail to attract a larger number of global players in
Nobody Has Right to Dilute Realty Law Passed by Parliament: Naidu
Business January 17, 2017 04:12 PM
Amid reports of dilution of key provisions of new realty law by some states, Union Minister M Venkaiah Naidu today said it should be implemented
'Disparities Have Increased Significantly In The Last Decade,' Says Sunil Mittal At The WEF
Business January 17, 2017 03:16 PM
With populism seen rising across the world, top Indian industrialist Sunil Mittal today said disparities have increased significantly in the last decade and voters are
Rupee Climbs to Over 1-Wk High on Weak Dollar, GST Hopes
Business January 17, 2017 12:34 PM
The rupee continued its impressive run against the broadly weak dollar for the second straight day, surging by a solid 15 paise to end at
Market Makes Tepid Recovery, Banks Take the Lead
Business January 16, 2017 06:44 PM
The stocks today showed resilience in the face of lurking inflation fears as the Sensex edged up to end at 27,288, helped by financial stocks,
ATM Withdrawal Limits Enhanced From Current Limit of Rs 4500 to Rs 10,000 Per Day
Business January 16, 2017 06:14 PM
In a major relief, the Reserve Bank today more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at
Rising Petrol, Diesel Prices Push WPI Inflation to 3.39%
Business January 16, 2017 04:08 PM
Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016, reversing the declining trend and neutralising the impact of
Experts Punch Holes In Government's 'Make In India' Claims, Say No Impact In FDI Into Focus Sectors Yet
Business January 15, 2017 11:14 AM
Punching holes in the government's claims on success of Make in India campaign, an analysis by two renowned experts reveals that the programme may not
'Humiliated' by Post-Note Ban Events, RBI Staff Write to Patel, Protest Against Operational 'Mismanagement'
Business January 14, 2017 08:59 AM
Feeling "humiliated" by events since demonetisation, RBI employees today wrote to Governor Urjit Patel protesting against operational "mismanagement" in the exercise and Government impinging its
Dena Bank Favours Tax Benefits On Digital Payments In Budget
Business January 13, 2017 04:07 PM
As it gears up to launch its mobile wallet next week, state-owned Dena Bank has favoured tax concessions in the upcoming Budget for customers and
Will Look to Bind Tata Group, Says Chairman-Designate Chandrasekaran
Business January 13, 2017 02:41 PM
Natarajan Chandrasekaran, the Chairman-designate of Tata Sons, tonight said he will reach out to everyone as he will look to bind the USD 103-billion group,
Infosys CEO Vishal Sikka Hopeful Of Trump Policies Being Friendly Towards Business
Business January 13, 2017 01:37 PM
Stating that any "discernible pattern" of clients worrying about adverse visa policies is yet to be seen, Infosys CEO Vishal Sikka today expressed hope that
In One Of The Biggest Aviation Deals, SpiceJet To Purchase Up To 205 Boeing Aircrafts
Business January 13, 2017 01:15 PM
In one of the biggest deals in the Indian aviation sector, SpiceJet will purchase up to 205 new aircraft from Boeing with the order valued
Infosys Appoints Ravikumar S As The Deputy COO
Business January 13, 2017 12:26 PM
Country's second biggest IT firm Infosys has elevated its President and Chief Delivery Officer, Ravikumar S, as the Deputy Chief Operating Officer. He will report to
EPFO Extends Deadline for Payment of EPF Dues Till January 20
Business January 13, 2017 12:26 PM
Retirement fund body EPFO has extended deadline for payment of EPF contributions by five days till January 20 in view of difficulties being faced by
CBI Files Final Report in Coal Scam Case Against Naveen Jindal
Business January 13, 2017 11:51 AM
The CBI today filed the final report in further probe directed by special court in the coal scam case against Congress leader and industrialist Naveen
Sensex Extends Rally, Up 107 Pts on Positive Macro Data
Business January 13, 2017 10:36 AM
The benchmark Sensex zoomed about 107 points to 27,354.08 in early trade today, continuing its rally for the fourth straight session, on the back of
Rupee Slips 11 Paise Against US Dollar
Business January 13, 2017 09:50 AM
The rupee weakened 11 paise to 68.19 against the US dollar in early trade today on fresh demand for the American currency from banks and
TCS Chief N.Chandrasekaran Named Tata Sons Chairman Over Two Months After Mistry Ouster
Business January 12, 2017 07:23 PM
Over two months after the unceremonious sacking of Cyrus Mistry, USD 103-billion Tata Group today named TCS chief N Chandrasekaran as the new Executive Chairman
Market Rally Continues, Nifty Tops 8,400
Business January 12, 2017 10:22 AM
NSE Nifty breached the crucial 8,400-mark and BSE Sensex gained 113 points in early trade today on sustained buying by domestic investors ahead of key
Rupee Recoups 22 Paise Against Dollar
Business January 12, 2017 09:39 AM
The rupee recovered by 22 paise to 68.10 against the US dollar in early trade today on fresh selling of the American currency by exporters. Besides,
Adverse Effects Of Demonetisation In India To Disappear In Medium Term, Says World Bank
Business January 11, 2017 03:07 PM
The World Bank today said that the "adverse effects" of demonetisation in India will disappear in the medium term, saying any reform has short-term costs. "Any
Post Demonetisation,WB Drops India's Growth Rate to 'Still Robust' 7 Per Cent
Business January 11, 2017 11:08 AM
The World Bank today decelerated India's growth for 2016-17 fiscal to a "still robust" 7 per cent from its previous estimate of 7.6 due to
'RBI Doesn't Decide Anything, Decisions Taken by Modi', Says Amartya Sen
Business January 11, 2017 10:43 AM
After two former RBI Governors Y V Reddy and Bimal Jalan, Nobel Laureate Amartya Sen today raised questions on Reserve Bank's autonomy saying now a
Sensex Regains 27,000-Mark, Nifty Tops 8,300
Business January 11, 2017 10:37 AM
Sensex surged over 151 points to breach the 27,000-level and Nifty hit the crucial 8,300-mark in opening trade today following widespread gains as investors widened
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