Business News

NEW DELHI, 2 Feb 2018/--/The Ministry of Railways is having a rethink on flexi-fares and bringing in a dynamic pricing system that will help increase occupancy and enhance revenues, Railway Minister Piyush Goyal said on Friday. Replying to questions in the Rajya Sabha, he also said his ministry...

NEW DELHI, 2 Feb 2018/--/The Union government expects to complete the privatisation of Air India by year-end and the winning bidder is likely to be known by the end of June, Union minister Jayant Sinha said on Friday. The debt-laden carrier, which is staying afloat on taxpayers' money, would be...

Kolkata, 2 Feb 2018/--/Phillips Carbon Black Ltd has reported financial results for the period ended December 31, 2017. The company has reported net sales of Rs.615.95 crore during the period ended December 31, 2017 as compared to Rs.540.62 crore during the period ended December 31, 2016. The...

NEW DELHI, 2 Feb 2018/--/The Centre has kept an outlay of Rs 14,264.60 crore for metro projects across the country in the Union Budget for 2018-19, a reduction of nearly 20 per cent from the allocation in the previous budget. Presenting the budget on Thursday, Finance Minister Arun Jaitley said...

Kolkata, 2 Feb 2018/--/Chandrima Roy has taken over as the senior deputy general manager & chief vigilance officer of South Eastern Railway recently. Prior to this, she was the Chief Passenger Transportation Manager, Eastern Railway. Roy joined Indian Railway Traffic Service (IRTS) in 1994 and...

Jammu, 2 Feb 2018/--/The 300 MW Kishenganga hydroelectric power project, executed by NHPC, is likely to be commissioned this year and it will go a long way in augmenting the power generation capacity, Deputy Chief Minister Nirmal Kumar Singh said. Winding up the discussion on the Demands for...

NEW DELHI, 2 Feb 2018/--/Bullion and wholesale commodity markets were closed here on Friday as traders went on a two-day Delhi bandh to protest against ongoing sealing of business establishments in the city. The Confederation of All India Traders (CAIT) has called for a bandh on February 2 and 3...

Kolkata, 2 Feb 2018/--/Beverage major Coca-Cola today said it is planning to take the home-grown carbonated cola brand Thums Up to South East Asia before launching it globally. "We are all set to take Thums Up to other parts of South Asia possibly by March 2018," Coca-Cola India and South West...

Thane, 2 Feb 2018/--/A former employee of Abu Dabhi Airport and his wife, who were injured in a road accident in 2012, have been awarded a collective compensation of around Rs 26 lakh by the Motor Accident Claims Tribunal (MACT) here. The couple had demanded Rs 1 crore compensation each after...

Mumbai, 2 Feb 2018/--/Gold prices strengthened for the second session at the bullion market here Friday on sustained demand from stockists even as the metal weakened overseas. However, silver slipped due to reduced offtake by industrial units. Standard gold (99.5 purity) rose by Rs 185 to close...

NEW DELHI, 2 Feb 2018/--/The finance ministry has sought a report from GSTN, the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch. It wants GST-Network to detail system readiness before re-...

Kolkata, 30 Jan 2018/--/ICICI Prudential AMC–Asset Management Company, inaugurated its sixth branch at BD - 15, 1st floor, Sector 1, Salt lake, Kolkata. The branch was formally inaugurated by Atul Jain (Zonal Head WB - ICICI Bank) and Amar Shah (Head - Retail Sales), in presence of several leading...

KOLKATA/CHENNAI, 30 Jan 2018/--/Indian Overseas Bank (IOB) has planned to set-up 704 more multi-functional machines like currency recyclers, instead of plain cash dispensing automatic teller machines (ATM) by March 2018 from its existing 400 across India before the financial year 2017-18 ends. The...

KOLKATA/GURUGRAM, 30 Jan 2018/--/SpiceJet, the low-cost carrier, announced 20 new non-stop flights on domestic routes starting from February 11, 2018. With this, the airline also strengthens its network across South with 18 new flights. Out of these 18 flights, ten will be catering to the popular...

KOLKATA/MUMBAI, 30 Jan 2018/--/The Export-Import Bank of India successfully launched a 10 year Bond issue of USD 1 bn, its second transaction in the 144A/Reg S format. This was the largest issuance ever for Export-Import Bank of India having previously raised a similar sized issuance in July 2016....

NEW DELHI, 30 Jan 2018/--/Elevated stock prices are a matter of concern and could correct sharply if they are not backed by growth, requiring “heightened vigilance”, Chief Economic Adviser Arvind Subramanian said on Tuesday. The growth is expected to decelerate to 6.75 per cent in the current...

Washington, 30 Jan 2018/--/Two Indian-Americans are among eight individuals charged with deceptive trading practices on commodities markets in the US. Jitesh Thakkar, 41, of Naperville, Illinois, has been charged in a criminal complaint with conspiracy and spoofing offences, along with six others...

NEW DELHI, 30 Jan 2018/--/Leading telecom operators, including Bharti Airtel and Reliance Jio, have committed to investing over Rs 74,000 crore to upgrade and expand their infrastructure to address the issue of call drops, Telecom Secretary Aruna Sundararajan said on Tuesday. "Telecom operators...

NEW DELHI, 30 Jan 2018/--/The Delhi High Court Tuesday sought the Centre's response on a plea by Sasan Power Ltd, a Reliance Power subsidiary, for permission to mine coal from its two coal blocks in excess of the 17 MTPA cap to enable it to run its 3,960 megawatt power project in Madhya Pradesh....

NEW DELHI, 30 Jan 2018/--/The Central Information Commission has directed the finance ministry to reply to a one-year-old RTI application seeking to know the total black money collected by the government post-demonetisation. Chief Information Commissioner R K Mathur, however, spared the Prime...

NEW DELHI, 30 Jan 2018/--/Gold gained Rs 120 at Rs 31,240 per 10 grams at the bullion market on Tuesday, snapping a two-day losing streak on fresh buying by local jewellers to meet the ongoing wedding season demand. Silver however remained under selling pressure and eased further by Rs 400 to Rs...

Mumbai, 30 Jan 2018/--/The rupee Tuesday staged a spirited recovery from its early sell-off and ended modestly lower by 2 paise at 63.60 against the US dollar. The domestic currency market largely withstood the global bonds meltdown as well as the sell-off in local bourses. The Indian unit...

Mumbai, 30 Jan 2018/--/Kotak Mutual Fund Tuesday announced the launch of a new scheme with an aim to invest across large cap, mid cap and small cap stocks. The new fund offer (NFO) for Kotak India Growth Fund Series 4 is open for subscription till February 12. "The fund aims to invest 80-100 per...

NEW DELHI, 30 Jan 2018/--/Showing strong preference for the booming equity market, Indian companies have raised just about Rs 4,125 crore through the non-convertible debenture (NCD) route in the first nine months of the ongoing financial year. They had, in contrast, garnered a staggering Rs 33,812...

Davos, 30 Jan 2018/--/A firm believer in formal banking systems, eminent banker Uday Kotak feels gold is the only alternative currency that has worked ever without any state support and sees no regulatory backing in immediate future for numerous crypto currencies that have cropped up. The most...