Business News

NEW DELHI, 18 Sep 2017/--/Former prime minister Manmohan Singh today again warned of demonetisation and "hasty" implementation of GST adversely impacting GDP growth. Singh, who had previously cautioned against note ban shaving off 2 per cent of GDP, said demonetisation of 86 per cent of the...

NEW DELHI, 18 Sep 2017/--/The Delhi High Court today put on hold the trial court proceedings against Uber India in respect of challaning and impounding of vehicles operating under its banner, by the AAP government for alleged violation of licence conditions. Justice A K Pathak issued the direction...

Mumbai, 18 Sep 2017/--/The rupee surrendered its initial gains against the US dollar and ended lower by 5 paise to 64.13 on fag-end demand for the American currency from banks and importers on the back of higher greenback overseas. The domestic currency resumed higher at 64.05 a dollar as against...

Mumbai, 18 Sep 2017/--/Maharashtra is on track to become a trillion-dollar economy, given the impetus to infrastructure development in the last three years, Chief Minister Devendra Fadnavis said today. The state attracted more than half of the total foreign direct investment (FDI) in the country...

Brussels, 13 Sep 2017/--/The European Union is looking at a bilateral summit with India next month that would act as a catalyst for resumption of talks on the free trade agreement encompassing goods, services and mutual investment protection, according to a senior EU official. Talks on the...

Mumbai, 13 Sep 2017/--/The demonetisation coupled with GST and BSIV norms seem to have made a dent in the domestic pre-owned car market with the segment growing six per cent lesser in the previous fiscal against the projected growth of 15 per cent, as per an industry report. However, at the same...

New York, 13 Sep 2017/--/India has been placed at 103rd rank, the lowest among BRICS economies, on the WEF's Global Human Capital Index, which has been topped by Norway. India also ranks "among the lowest in the world" when it comes to the employment gender gap, but has fared well when it comes to...

Mumbai, 13 Sep 2017/--/Hindalco Industries, an Aditya Birla Group company, plans to prepay another Rs 1,100-crore debt this month to further deleverage its balance sheet. "We have already repaid Rs 7,815 crore and plan to repay another Rs 1,100 crore in the current month, which will save interest...

NEW DELHI, 13 Sep 2017/--/CBI has registered a case against confectionery giant Mondelez, the maker of Cadbury chocolates, to probe allegations of bribing public servants to evade Rs 580 crore in excise duty, a top official said on Wednesday. The probe has been initiated on the recommendation of...

Washington, 13 Sep 2017/--/The US has given a grant to an Indian company to carry out a feasibility study in developing resources of coalbed methane, a clean-burning natural gas, in India. Coalbed methane (CBM) is a form of natural gas extracted from coal beds. In recent years it has become an...

Beijing, 13 Sep 2017/--/China on Wednesday evinced interest in reviving its proposal to build high speed railway projects in India which has chosen Japan as a partner for the country's first such venture. China has been aggressively marketing its high-speed rail technology abroad and in the past...

NEW DELHI, 13 Sep 2017/--/M Nagaraja Sarma has been appointed the chairman-cum-managing director (CMD) of the United India Insurance Company Ltd. Sarma is at present the general manager, Oriental Insurance Company Ltd. He has been appointed the CMD for five years, said the Department of Personnel...

Washington, 13 Sep 2017/--/The US Trade and Development Agency has signed a memorandum of understanding with the Airports Authority of India to support a 20-year master plan aimed at expansion of operational capacities of the Kolkata and Lucknow international airports, an official said on Wednesday...

NEW DELHI, 13 Sep 2017/--/Gold recorded a steep fall of Rs 500 in its prices to close at Rs 30,350 per 10 grams at the bullion market on Wednesday, tracking a weak trend overseas amid tepid demand from local jewellers. However, silver recovered by Rs 200 to Rs 41,850 per kg on scattered enquiries...

Mumbai, 13 Sep 2017/--/The rupee snapped its 2-day losing streak against the American currency by recovering four paise to 64.00 per dollar on fresh selling of dollars by banks and exporters in view of heavy foreign capital outflows. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,...

Cupertino (US), 13 Sep 2017/--/Apple laid claim to the future of the smartphone on Wednesday with a 10th anniversary iPhone X, featuring facial recognition unlocking and other refinements, touting the device as the next generation of mobile computing. The iPhone X was one of three new iPhone...

Mumbai, 13 Sep 2017/--/The Reserve Bank is waiting for a gazette notification from the government on getting the peer-to-peer lenders under its regulatory ambit before coming out with guidelines on the sector, a senior official said on Wednesday. "Following up on the consultation paper we did last...

Mumbai, 13 Sep 2017/--/SBI Life Insurance, which is going to come up with an initial public offer (IPO), Wednesday said the company will focus on protection products, including critical illness. "Recently, we had launched a 'Sampoorn Cancer Suraksha', which is a critical care product. Going...

NEW DELHI, 10 Sep 2017/--/All telecom equipment used by operators will have to undergo mandatory testing and get certified by authorised agencies as per specified norms from October 1, 2018, according to a DoT notification. "Any telegraph which is used or capable of being used with any telegraph...

NEW DELHI, 10 Sep 2017/--/Making e-autorickshaws a common sight in rural India, creating a water grid that is on par with power grid and constructing 17 highways-cum-airstrips are the government's priorities and it will start work on them this year, Union Minister Nitin Gadkari has said. After...

Hyderabad, 10 Sep 2017/--/Mid-sized and luxury cars as also SUVs will cost more after the GST Council on Friday decided to levy an additional 2 to 7 per cent cess on them but exempted small and hybrid cars from any hike. The council also lowered the Goods and Services Tax (GST) rates for a number...

NEW DELHI, 10 Sep 2017/--/Former RBI Governor Raghuram Rajan has debunked the theory that Chicago University's refusal to extend his leave forced his departure, saying it was never an issue and he wanted to stay longer at the RBI to complete the unfinished task of clean-up of banks. In an...

NEW DELHI, 10 Sep 2017/--/The government has to put in place a clear policy and get infrastructure ready to enable automobile manufacturers prepare for the proposed switch to electric vehicles, according to French car major Renault. Moreover, in order to fight pollution successfully, old cars need...

NEW DELHI, 10 Sep 2017/--/India's GDP growth was expected to decline in the first quarter of the current fiscal but the "free fall" in the numbers shows that the problem is more structural than transient, says a report. India's economic growth slipped to a three-year low of 5.7 per cent in April-...

NEW DELHI, 10 Sep 2017/--/National carrier Air India has deferred the delivery of at least one A320 neo aircraft due to issues with CFM-manufactured engine, sources said. The development also comes at a time when no-frills carriers -- IndiGo and GoAir -- have grounded at least 11 A320 neo aircraft...