World stocks slip on China downgrade, ahead of Fed minutes

World stocks slip on China downgrade, ahead of Fed minutes

World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's f
24 May 2017, 06:01 PM IST
NSE asks brokers to have in place insurance cover for FY18

NSE asks brokers to have in place insurance cover for FY18

Top stock exchange NSE has asked its brokers to ensure that their respective insurance cover is in order for current fiscal and submit the
24 May 2017, 05:47 PM IST
Moody's downgrades China, warns of fading financial strength as debt mounts

Moody's downgrades China, warns of fading financial strength as debt mounts

Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financ
24 May 2017, 05:05 PM IST
Euro zone stability risk contained but rising - ECB

Euro zone stability risk contained but rising - ECB

Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six mont
24 May 2017, 04:22 PM IST
China says Moody's downgrade overestimates difficulties facing its economy

China says Moody's downgrade overestimates difficulties facing its economy

China's finance ministry said on Wednesday that a credit downgrade by Moody's was based on inappropriate methodology, saying it was exaggera
24 May 2017, 03:44 PM IST

MORE FROM Business

Oil prices fall on White House proposal to sell U.S. oil reserves

Oil prices fell on Tuesday, weighed down by U.S. President Donald Trump's plan to sell off half the country's huge oil stockpile, threatening a future glut even as OPEC and its all
23 May 2017, 03:02 PM IST

GST will lower tax burden on medical devices, smartphones: FinMin

The Goods and Services Tax (GST) will lead to lower tax burden in several commodities, including packaged cement, medicaments, smartphones and medical devices, the Finance Ministry
23 May 2017, 01:27 PM IST

Infosys To Remain 'Differentiated And Iconic': CEO Vishal Sikka To Stakeholders

Infosys chief executive officer Vishal Sikka has said the company will remain "differentiated and iconic" as it has always been in the past and assured all stakeholders that it wil
23 May 2017, 12:55 PM IST

Reliance Jio files complaint against Airtel, Vodafone & Idea over Rs 400 cr loss to govt

Reliance Jio has filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to
23 May 2017, 12:40 PM IST

Key Indian equity market indices open in red

The key Indian equity market indices on Tuesday opened lower despite Wall Street ending higher for the third session.The Sensitive Index (Sensex) of the BSE, which had closed at 30
23 May 2017, 10:21 AM IST

RBI outlines broad plans on $150 billion bank bad loan resolution

The Reserve Bank of India (RBI) outlined on Monday the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country's banks.The move comes about two w
23 May 2017, 08:56 AM IST

Uday Kotak Sells Rs. 1,687 Crore Stake In Kotak Mahindra Bank

Uday Kotak, the billionaire head of India's Kotak Mahindra Bank Ltd, sold a less than 1 percent stake in the lender in stock market transactions on Monday, complying with a central
23 May 2017, 08:49 AM IST

Airtel, Vodafone, Idea Caused Rs. 400 Crore Loss To Government, Claims Jio

The payment of advance licence fee for the last quarter (January-March) of 2016-17 by three telecom service providers --Bharti Airtel, Vodafone India and Idea Cellular -- has resul
23 May 2017, 08:47 AM IST

Paytm Launches Payments Bank, Aims To Acquire 500 Million Customers

Digital payments firm Paytm launched a niche payments bank on Tuesday, aiming to acquire 500 million customers in the next three years, the company said in a statement.
23 May 2017, 08:45 AM IST

India becomes 2nd largest stainless steel producer in world, overtaking Japan

India has pipped Japan to become the second largest stainless steel producer in the world after China, an industry body.
22 May 2017, 08:48 PM IST

Elan announces launch of premium mixed use project Elan Miracle

Leading real estate player Elan Group announced the launch of Elan Miracle, a premium mixed use development project in Gurugram.
22 May 2017, 05:50 PM IST

New trading platform for Federal Bank customers

Federal Bank in association with Geojit has launched a new trading platform for its customers. The platform, which is named ‘Selfie’, is designed & managed by M/s Geojit.
22 May 2017, 05:48 PM IST

Iraq says achieved OPEC oil cut share, ready to meet new demand

Iraq has achieved its share of the production cuts agreed by OPEC and non-OPEC producers at the end of last year but remains ready to meet future oil demand growth, Iraqi oil minis
22 May 2017, 05:08 PM IST

Airbus Hires Outside Monitors Amid Fraud And Bribery Investigations

Airbus has appointed an independent review panel including two former ministers to oversee its anti-corruption practices after Britain and France launched fraud and bribery investi
22 May 2017, 03:26 PM IST

Bank Of India Shares Plunge On Rs. 1,046 Crore Loss In Q4

Bank of India shares plunged over 7 per cent on Monday after the country's sixth-biggest lender by assets, reported a fourth-quarter net loss of Rs. 1,046 crore on higher provision
22 May 2017, 03:22 PM IST

Disagreements surface over China-backed trade deal

Disagreements between Asian countries over a China-backed free trade deal surfaced at talks on Monday, raising questions over a target for concluding negotiations by the end of the
22 May 2017, 03:09 PM IST

Sensex, Nifty inch up as consumer stocks rally; ITC leads

Indian shares edged higher on Monday, with consumer stocks such as ITC Ltd leading, as investor sentiment got a boost after the government last week finalised rates for the upcomin
22 May 2017, 03:03 PM IST

IIM Bangalore partners with TCS iON to facilitate proctored exams for learning courses on IIMBx

TCS iON and IIM Bangalore also form strategic alliance to create ‘Management Educators Hub’, a unique knowledge sharing platform for management education professionals
22 May 2017, 02:25 PM IST

USG Boral Announces New Manufacturing Plant in India

USG Boral, a global leader in building products technology, announced plans to build a new plasterboard plant in South India. The new plant will be operated by its India business u
22 May 2017, 02:09 PM IST

Former RBI Chief Says Government Should Think About Taxing Rich Farmers

Former Reserve Bank of India Governor Bimal Jalan on Sunday favoured taxing rich farmers earning above a certain threshold, without hurting the interests of those with small farms.
22 May 2017, 12:49 PM IST