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CDSL IPO oversubscribed 169 times, poised for spectacular listing

Central Depository Services (India) Limited, or CSDL, whose IPO closed on Wednesday, was oversubscribed heavily; the shares are likely to list at a premium.

Jun 21, 2017

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Air India may be sold to Tata Group, Singapore Airlines: Report

Amid reports of the Modi government keen to privatise national carrier Air India, there is a buzz that it could be bought by Tata Group and Singapore Airlines.

Jun 21, 2017

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SpiceJet, Tata Steel, Interglobe Aviation, BEML, GMR Infra hit fresh 52-week highs; CDSL IPO gets good response

On a lacklustre trading day, select stocks such as SpiceJet, Tata Steel, BEML, GMR Infra, Indigo-owner Interglobe Aviation hit 52-week highs; CDSL IPO oversubscribed on Day 1.

Jun 20, 2017

Start loving GST from July 1, no excuses: Arun Jaitley

Rules out further delays in timeline for GST launch. Nobody has any business not to be ready, Finance Minister says.

Jun 20, 2017

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With more currency and no digital shift, demonetisation is a failure

Demonetisation via strategic devaluation of selected currency denominations rolled out last November has not resulted in a quantum shift to digital mode.

Jun 20, 2017

Play

Barclays charged with conspiracy to commit fraud over 2008 financial crisis fundraising

The lender and four former executives have all been charged with conspiracy to commit fraud, after a five year investigation into fundraising during the 2008 financial crisis. The charges centre around payments to Qatari investors, during Barclays £11.8bn ($14.9bn) fundraising to avoid being bailed out in 2008.

Jun 20, 2017

Play

Barclays charged with conspiracy to commit fraud over 2008 financial crisis fundraising

Jun 20, 2017

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Tata Motors subsidiary Jaguar Land Rover to hire 5,000 staff in Britain

JLR, which employs more than 40,000 people globally, said it would hire 1,000 electronic and software engineers as well as 4,000 additional personnel.

Jun 20, 2017

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SBI tops debit card transactions in April

The country's biggest lender reported debit card transactions worth Rs 11,720.73 crore in April,

Jun 19, 2017

F-16 enters Indian airspace; Tata, Lockheed flag 'Make in India' deal

The announcement of the agreement was made at the Paris Airshow on June 19, where both the companies said that moving the production base to India would still retain jobs in the United States.

Jun 19, 2017

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UTI Equity Fund completes 25 years of wealth creation and prosperity, declares tax-free dividend of 28%

The scheme has a proven track record for 25 years and has paid out total dividend of Rs.798 crore during the past 25 years.

Jun 19, 2017

GST cloud: Amazon suspends sellers' platinum rights

Cloudtail India, a top seller on the portal, which is a joint venture between Amazon.com and Infosys co-founder Narayana Murthy's Catamaran Ventures, has emerged as the sole Platinum seller.

Jun 19, 2017

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Domestic air traffic May 2017: Air India, GoAir gain; Indigo and SpiceJet lose market share

In May, Indian carriers flew 10 million passengers; national carrier Air India, low-cost GoAir marginally improved their market share while Indigo and SpiceJet saw a fall.

Jun 19, 2017

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GST effect: Your hotel expenses would come down

With the GST Council lowering the tax rate for hotels and restaurants at five star and luxury hotels, hotel bills are likely to drop.

Jun 19, 2017

Safe assets: Digging new foundations in the small towns

Retail and warehousing are being driven by availability of large tracts of land on highways outside the metros, the steadily improving infrastructure and possibility of higher yields.

Jun 19, 2017

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