Business news

BEML stake sale to net Rs 1,000 crore for Modi Govt

Defence ministry company BEML, in which Indian government holds 54 percent, makes mining equipment, metro coaches and defence products.

Jan 7, 2017

Make in USA or Pay More: It's Toyota's turn to face Trump's ire after GM

President-elect Donald Trump has been criticising automakers for selling abroad-made vehicles in US warned of hefty taxes.

Jan 7, 2017

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

HDFC Securities picks Triveni Turbine and Kalpataru Power as its favourite stocks from the capital goods sector.

Jan 6, 2017

Boeing strikes big deal with SpiceJet for 92 Boeing 737 jetliners: Report

The SpiceJet-Boeing deal is pegged at $10.1 billion as per current list prices.

Jan 6, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

2G spectrum scam: SC threatens to take away Aircel 2G spectrum, licence over absence of Maxis bosses

Maxis promoter Anandakrishnan and director Ralph Marshal have not appeared in a lower court despite repeated summons.

Jan 6, 2017

Asian shares rise as US interest rates ease, China steps up yuan defence

The dollar extended losses on Thursday as China stepped up efforts to support the yuan.

Jan 6, 2017

Loan growth at historic low even as banks are awash with cash after demonetisation

But now that banks have slashed MCLR rates almost 80-90 bps at one go, SBI expects a credit growth rebound, at least in the housing sector.

Jan 6, 2017

New study shows the brain’s ability to recognise faces continues to grow into adulthood

A new study has revealed that in humans, the part of the brain that’s responsible for face recognition continues to grow into adulthood. The results are surprising, since brain development is largely thought to involve synaptic pruning, rather than growth.

Jan 6, 2017

Bombay Dyeing shares gain 13% in 4 days

On a revival and restructuring, 137-year-old Bombay Dyeing shares are steadily gaining.

Jan 5, 2017

JSW, Jindal Steel, Vedanta spurt on BSE; HSBC slashes India Q3 growth rate estimate

The Sensex closes 245 points higher after select shares rise; HSBC pegs India's December quarter growth rate at 5 percent.

Jan 5, 2017

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Higher tax revenues are expected to balance the divestment shortfall and help the government stick to its fiscal deficit target of 3.5 percent for 2016-17.

Jan 5, 2017

Q3 results: Tech Mahindra, HCL Tech likely to outperform Infosys, TCS and Wipro in revenue growth

Infosys, Wipro, TCS are likely to report downbeat Q3 results; Tech Mahindra, HCL Tech could buck the trend, say analysts.

Jan 5, 2017

With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Soon, at least half a dozen global reinsurers are expected to enter the India insurance market. It is expected to quadruple from its current size of $60 billion over the next 10 years.

Jan 5, 2017

MMRDA invites bids for 2 more metro lines project in Mumbai

Once the contract is awarded, the work is expected to begin around May-June 2017.

Jan 5, 2017