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Equity indices trade higher on supportive auto, oil, gas stocks

Equity indices trade higher on supportive auto, oil, gas stocks

The key Indian equity indices traded in the positive territory on Friday afternoon supported by heavy buying activity in auto, oil and gas a
25 May 2018, 01:00 PM IST
Rupee continues to recover, gains 14 paise against US dollar

Rupee continues to recover, gains 14 paise against US dollar

The dollar’s weakness against some currencies overseas after US President Donald Trump’s decision to cancel a summit with North Korean l
25 May 2018, 12:38 PM IST
Amazon ban for excessive returns

Amazon ban for excessive returns

Amazon with the 'no questions asked' return policy has always worked conveniently for the customers as any item can be returned within 30 da
25 May 2018, 11:38 AM IST
Saudi's $80 oil goal eating into PM Modi's budget before polls

Saudi's $80 oil goal eating into PM Modi's budget before polls

Prime Minister Narendra Modi has an oil problem. And it’s set to worsen with Saudi Arabia rooting for the commodity to push through the $
24 May 2018, 04:14 PM IST
Sensex recoups 153 points on positive global cues, IT stocks gain

Sensex recoups 153 points on positive global cues, IT stocks gain

The BSE Sensex rebounded about 153 points in opening trade on Thursday, on fresh buying in IT, teck, capital goods and healthcare counters a
24 May 2018, 12:29 PM IST

MORE FROM Business

F-16 production can make India fighter jet export hub, says Lockheed

Global aerospace giant Lockheed Martin on Wednesday said its proposal to manufacture custom-built F-16 fighter jets in India will make the country an export hub and give it access
23 May 2018, 01:12 PM IST

Xiaomi's IPO will make dozens of lucky workers millionaires

Eight years ago, before China’s Xiaomi Corp. had sold a single smartphone, 56 of the earliest employees pulled together $11 million to invest in the startup. Rank-and-file worker
22 May 2018, 05:56 PM IST

Steps to deal with rising petrol, diesel prices likely this week

Facing "crisis situation" created by rising fuel prices, the government is likely to come out with "some steps" this week to deal with record high petrol and diesel rates, a senio
22 May 2018, 05:52 PM IST

New RBI rules on bad loans cause SBI to post worst quarterly loss at Rs 7718 crore

Gross bad loans as a percentage of total loans in the fourth quarter rose to 10.91% from 10.35% three months earlier and 6.90% a year prior, SBI said.
22 May 2018, 04:44 PM IST

Retailers to move CCI against Flipkart-Walmart deal

 Retailers have joined hands to approach fair trade regulator CCI against the $16 billion Walmart-Flipkart deal as they understand the deal would lead to massive job loss and be a
22 May 2018, 12:46 PM IST

Rupee recovers from 16-month low, rises 15 paise against US dollar

The rupee recovered from its 16-month low to trade 15 paise higher at 67.97 against the US dollar in early session on Tuesday, after opening 10 paise higher, on fresh selling of th
22 May 2018, 12:43 PM IST

UltraTech to acquire Century Textiles’ cement unit

 Aditya Birla Group firm UltraTech said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal, a move which woul
21 May 2018, 05:46 PM IST

Tata’s Bhushan Steel buyout to reduce PSB bad loans by Rs 35,000 crore

The acquisition of debt-laden Bhushan Steel, under the Insolvency and Bankruptcy Code (IBC) framework, will reduce bad loans of public sector banks by Rs 35,000 crore, financial se
21 May 2018, 05:42 PM IST

Two more Fortis directors quit ahead of crucial shareholders’ meet tomorrow

Fortis Healthcare on Monday said two more of its directors, Harpal Singh and Sabina Vaisoha, have resigned -- a day ahead of a crucial meeting of shareholders called to vote on the
21 May 2018, 05:38 PM IST

NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices

The National Company Law Appellate Tribunal (NCLAT) on Monday declined to stay Tata Steel’s acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution proc
21 May 2018, 04:26 PM IST

NSE to delist Kingfisher, Plethico Pharma, 16 other companies from May 30

Under the compulsory delisting regulations, the delisted companies, its whole-time directors, promoters and group firms would be debarred from accessing the securities market for t
21 May 2018, 04:23 PM IST

Moody’s downgrades PNB, cites negative impact of fraud on capital

Moody’s Investors Service has downgraded Punjab National Bank’s rating citing the impact of recent fraud on its capital as well as weak internal controls.
21 May 2018, 04:17 PM IST

Industry urges govt to cut excise duty on fuel as oil prices zoom

India Inc on Monday urged the government to cut excise duty on petrol and diesel immediately, observing that rising oil prices pose a high risk to India’s economic growth traject
21 May 2018, 04:15 PM IST

Government will soon find solution to surging fuel prices: Dharmendra Pradhan

Union petroleum minister Dharmendra Pradhan has said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hi
21 May 2018, 03:26 PM IST

China pledges 'significantly' more US buying, no trade war

China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted betwee
20 May 2018, 04:41 PM IST

GST roadblocks hit Patanjali growth in FY18

Baba Ramdev-led Patanjali, which has recorded multi-fold growth in recent years, is expecting a marginal growth for 2017-18, on account of Goods and Services Tax (GST) regime, said
20 May 2018, 04:37 PM IST

FinTech firms assisting banks with customer acquisition

In the recent past, FinTech firms have seen an enormous transformation, backed by the current age of digitisation and a boom in digital data. 
20 May 2018, 03:21 PM IST

International tribunal to hear Vodafone challenge to Rs.22,100 crore tax in February 2019

An international arbitration tribunal will begin hearing British telecom giant Vodafone’s challenge to India using a retrospective legislation to seek Rs.22,100 crore in taxes, i
20 May 2018, 02:40 PM IST

PNB refuses to disclose details of probe that led to discovery of Rs 13,000-crore fraud

State-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, citing a clau
20 May 2018, 02:23 PM IST

Petrol, diesel prices hiked again, rates highest since 2013

The petrol price on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless r
20 May 2018, 12:04 PM IST