Business news

Dubai retains its status as the world's busiest airport

A record 83.6 million passengers used the Dubai International Airport for travelling in 2016.

Jan 24, 2017

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Budget 2017: Emulate RBI, allow individuals to start mutual funds, says Quantum AMC

Extending deduction under section 80CCD to pension plans of MFs, allowing individuals to start AMCs are top suggestions of Quantum AMC.

Jan 24, 2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets

Islamic investors can now instantly purchase, save and transact in gold globally on Goldmoney's platform.

Jan 24, 2017

Cyient to acquire US-based Certon Software; shares up 4% on BSE

The acquisition will strengthen Cyient's aerospace business by adding test automation capabilities targeted at safety-critical embedded systems.

Jan 24, 2017

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Gold steady as unease with Trump policy weighs on dollar

Spot gold was mostly unchanged at $1,217.42 per ounce by 0337 GMT, after hitting their strongest since November 22 at $1,219.59.

Jan 24, 2017

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Budget 2017: EC asks Centre not to announce schemes, highlight achievements for poll-bound states

The EC order came after a delegation of Opposition parties met CEC Nasim Zaidi demanding that the presentation of the Budget be postponed.

Jan 24, 2017

Is ISIS planning a resurgence with money from stolen oil and jewellery?

The Islamic State terrorist group is reportedly looking to refinance itself with oil stolen from fields in Salahuddin province and jewellery from women in Mosul.

Jan 23, 2017

Currency jerk hits HUL's Q3 earnings, operational sales and net profit down YoY

The impact was varied across segments, channels and geographies, Hindustan Unilever said in a filing to the BSE.

Jan 23, 2017

RBI resorts to ethical hacking to test Indian banks' cyber vulnerabilities

During the first phase of the test, the RBI will focus on PSU banks that are understood to be more susceptible than private banks.

Jan 23, 2017

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Budget 2017: SC dismisses petition to postpone budget due to 2017 Assembly elections in 5 states

The budget for 2017-18 will be presented on February 1, a day after Parliament session begins.

Jan 23, 2017

Bangalore-based women's ethnic wear brand Soch to sell majority stake to PE firms: Report

PE firms L Catterton, Westbridge Capital and CX Partners may together acquire a controlling stake in the ethnic wear brand Soch.

Jan 23, 2017

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Budget 2017 may have Rs 35,300 crore sops in income tax exemptions, deductions: SBI Ecowrap

SBI economist says Budget 2017 could enhance minimum tax exemption limit, higher deduction under section 80C and interest exemption for home loans.

Jan 23, 2017

Xiaomi, global head, Hugo Barra, Beijing, Silicon Valley, Xiaomi Vice president

Xiaomi global head Hugo Barra bids adieu to Beijing, plans to return to Silicon Valley

Hugo Barra is slated to leave Xiaomi's administration at the end of February, but will continue to work in limited terms with the company in an advisor-only role.

Jan 23, 2017