Business News

Beijing, 8 Nov 2018/--/Growth in Chinese exports to the United States ticked up in October as traders rushed to beat another round of tariff hikes. Exports to the US market rose 13.3 per cent over a year earlier to USD 42.7 billion, up from September's 13 per cent growth, customs data showed...

Kolkata/New Delhi, 8 Nov 2018/--/Illicit products are adversely affecting the Indian industry, risking millions of legitimate jobs and resulting in an estimated loss of Rs 1,05,381 crore in just seven sectors, according to industry body FICCI CASCADE. Citing latest figures, FICCI CASCADE --...

NEW DELHI, 8 Nov 2018/--/Bullion market in the national capital is closed Thursday on account of 'Govardhan Pooja'.

NEW DELHI, 8 Nov 2018/--/Manappuram Finance on Wednesday said its board has approved equity infusion of up to Rs 150 crore in its arm Asirvad Micro Finance. "The Board of Directors at their meeting dated November 6, 2018 approved equity infusion up to Rs 150 Cr in its subsidiary Asirvad Micro...

NEW DELHI, 8 Nov 2018/--/Digital assistants, social media and third party channels are expected to be the primary channels for banking by 2022, apart from mobile and online, a report said Wednesday. "After existing digital channels (mobile and online), digital assistants, social media and third...

NEW DELHI, 8 Nov 2018/--/Sebi has revoked market ban against Transgene Biotek's two promoters and a director, in a case related to alleged diversion of funds by the pharma firm through issuance of GDRs, as the regulator did not come across any adverse findings against them. According to Sebi,...

NEW DELHI, 8 Nov 2018/--/Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected allegations of abuse of market dominance made by a grouping of online vendors. Amid concerns expressed in various quarters about...

NEW DELHI, 8 Nov 2018/--/Finance Minister Arun Jaitley said Thursday global payment gateways like Mastercard and Visa are losing market share to indigenous RuPay card and UPI payment system. In a Facebook post marking the second anniversary of demonetisation, the minister said note ban has...

Kolkata, 12 Jul 2018/--/SBI Card, one of the country`s leading credit card issuers, today announced the launch of ‘ELA’ (Electronic Live Assistant), a virtual assistant for customer support and services. Driven by Artificial Intelligence and Machine Learning algorithms, ELA will revolutionise the...

Kolkata, 12 Jul 2018/--/Panasonic India announced a significant expansion of its line-up of 'Intelligent Home appliances' range comprising of refrigerator, washing machine and microwave. The intelligent range is equipped with core technologies and features such as ECONAVI Invertor technology that...

Kolkata, 12 Jul 2018/--/With the advent of high speed internet, smartphone users are consuming more videos than ever before; thus making smartphones a primary medium of entertainment for an Indian consumer. The biggest pain-point for users has been a small screen and a weak battery that prevents...

Kolkata, 12 Jul 2018/--/During the first three months i.e. April-June of current financial year (2018-19), South Eastern Railway has earned Rs. 3121.58 crore from originating freight traffic which is Rs. 235.53 crore more than the corresponding period of last year i.e. 2017-18 thus registering a...

Kolkata, 12 Jul 2018/--/Bank of Baroda signed a Memorandum of Understanding (MoU) with KB Financial Group Inc. (KBFG), Korea, for comprehensive business cooperation between the two organisations to establish In-Ko financing corridor and development of innovative digital payment eco-system. The MoU...

Kolkata, 12 Jul 2018/--/Central, the fashion destination of Future Group, presents Red Haute Saturday this 14th July. This Saturday, one can shop at your nearest Central and let Central pay for it. With Red Haute Saturday’s unique proposition ‘You Shop, We Pay’, fashionistas can now shop to their...

Kolkata, 12 Jul 2018/--/Phonup a joint venture between Francorp  & Phonup Italy announceD its expansion in West Bengal with Salasar Comtrade Private Limited, Area Franchisee for Kolkata, with their first outlet in Kolkata on July 11,2018 at 71 Bentinck Street. The store will be a ‘One–Stop–...

KOLKATA/SILIGURI, 12 Jul 2018/--/Vodafone India introduced the smartest postpaid plans in India with the Lowest Bill Guarantee, Complimentary mobile insurance, unlimited international roaming benefits, un-matched entertainment content offerings and much more. Speaking about the new Vodafone RED...

Kolkata, 12 Jul 2018/--/South Eastern Railway has conducted massive ticket checking drives in the first quarter i.e April-June of the current financial year (2018-19) through its entire network of four Divisions i.e Kharagpur, Adra, Chakradharpur and Ranchi. During the drives, Rs. 11.51 crore was...

Ranchi, 12 Jul 2018/--/The Central Coalfields Limited (CCL) has registered a record 11.4 million tonnes of coal production recording a growth of 13 per cent till July 11 in the first quarter of 2018-19 financial year. "It has registered a growth of 13 per cent till July 11," CCL Chairman-cum-...

NEW DELHI, 12 Jul 2018/--/With about Rs 5 lakh crore stuck in litigations, the Union government has decided to hike the threshold monetary limit for tax department to file appeals in tribunals and courts to bring down litigation by 41 per cent, Finance Minister Piyush Goyal said on Thursday. Goyal...

NEW DELHI, 12 Jul 2018/--/The amount locked up in tax litigation will come down by Rs 5,600 crore as the government has decided to hike the threshold monetary limit to file appeals in tribunals and courts, Goyal said on Thursday. As of March, 2017, tax disputes worth Rs 7.6 lakh crore were stuck...

NEW DELHI, 12 Jul 2018/--/Retail inflation rose to 5 per cent in June, a five-month high, despite easing food prices, the government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. The earlier high was...

Kolkata, 12 Jul 2018/--/After targetting the college and university students, the tea industry is now aiming to promote tea drinking habit among school children in some cities of the country. Indian Tea Association (ITA), the apex body of tea planters of the country, has already roped in two...

Mumbai, 12 Jul 2018/--/Gold tumbled by Rs 235 per 10 grams at the bullion market here Thursday on muted demand from local jewellers even as the precious metal strengthened overseas. Silver also fell by Rs 365 per kg due to reduced offtake by industrial units. Standard gold (99.5 per cent purity)...

Mumbai, 12 Jul 2018/--/Capital markets regulator Sebi Thursday said though the country needs more exchanges, it does not mean that existing bourses cannot merge or consolidate. Replying to a question whether Sebi has received any proposals from the equities bourse NSE and commodity exchange MCX...

NEW DELHI, 12 Jul 2018/--/Markets regulator Sebi has modified the methodology for daily stress testing for commodity derivatives as part of strengthening the risk management system. Clearing corporations carry out stress tests to evaluate risks and possible impact on the settlement guarantee fund...