Business news

IMF bumps up US and China growth outlook, downgrades India on note ban

Donald Trump's promised plans to cut taxes and boost infrastructure spending is expected to boost US growth in 2017 and 2018, the IMF said.

Jan 17, 2017

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SBI Card says demonetisation has increased spends by 30%

The rise was recorded despite a fall in certain other segments such as jewellery, fuel and other discretionary spending.

Jan 17, 2017

Budget 2017: Higher likelihood of repo rate cut in February if govt sticks to fiscal consolidation, says ICRA economist

However, economist Aditi Nayar added that the room for incremental rate cuts would be limited to 25 bps over next six months.

Jan 16, 2017

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ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Nomura reiterates Buy on Maruti Suzuki after 'premiumisation' launch of Ignis

Factoring in Ignis sales volume for FY17 and FY18, Nomura reiterated its target price of Rs 6,576 for the MSIL stock, up 14% from Rs 5,777 currently.

Jan 16, 2017

Interview: PiCirql online education program is revolutionising 'monster' maths

The aim of the new program is to make maths exciting, challenging and relatable, Mridula Naresh told International Business Times, India.

Jan 16, 2017

Samsung Group leader Jay Y. Lee arrives for bribery suspicion questioning

More trouble for Samsung as South Korean prosecutors seek arrest of company chief

The Samsung chief was questioned by investigators last week for nearly 22 hours straight for his involvement in an alleged corruption scandal.

Jan 16, 2017

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Sterling skids on Brexit anxiety; investors hope for Trump clarity

All the early action was in currencies where the pound sank as low as $1.1983, depths not seen since the flash crash of Oct.

Jan 16, 2017

Essilor, Luxottica merge to create a luxury eyewear giant; all you need to know about the mega merger

The combined entity will be named EssilorLuxottica that will have a presence in more than 150 countries.

Jan 16, 2017

Oil prices edge up on weaker dollar, expected crude output cuts

Traders said that prices were buoyed by a weakening dollar, which makes fuel purchases cheaper for some countries.

Jan 16, 2017

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Bombay Stock Exchange fixes price band for IPO

BSE has fixed the price band between Rs 805-806 apiece for its market launch.

Jan 16, 2017

Peta buys stake in Louis Vuitton's parent company to push against use of exotic animal skin

Peta's move follows its expose of crocodile farms in Vietnam. The organisation released a video last month showing reptiles getting killed in farms which had supplied skins to a tannery owned by LMVH.

Jan 15, 2017

Brace up! India's telecom pricing war will further intensify, says JP Morgan

Given that most incumbent telcos are comfortably based on financial metrics, any aggressive pricing strategy would likely be matched, JP Morgan said.

Jan 15, 2017

American furniture brand Ashley to launch 100 stores in India

No specific time-line has been provided for the launch of its stores in India.

Jan 15, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017

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