Business news

RBI to completely remove cash withdrawal limits on savings accounts from next month

On Wednesday, the RBI said the limit on cash withdrawals from savings accounts will be completely lifted from March 13.

Feb 8, 2017

Government may merge 6 EPC consultancy firms with Engineers India

The consolidation would give the new entity the capacity to bear higher risks and create more value for the stakeholders.

Feb 8, 2017

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Titan shares glitter on better-than-estimated Q3 results

Shares of Tata Group company rose almost 10 percent on BSE in response to the company's strong Q3 results.

Feb 8, 2017

Air India IPO: Government asks lending banks to become strategic investors by turning debt into equity

Air India owes Rs 28,000 crore of working capital debt to a consortium of 19 banks led by State Bank of India.

Feb 8, 2017

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Genesis Colors IPO: Owner of luxury brands Satya Paul, Bwitch gets Sebi approval for public issue

Apart from owning Satya Paul and Bwitch, IPO-bound Genesis colors also sells global brands Jimmy Choo, Armani, Paul Smith and Bottega Veneta.

Feb 8, 2017

Kia Motors set to finalise its first India plant in Anantapur, Andhra Pradesh

Kia Motors will produce small sedans and small SUVs in India, hoping to leverage Hyundai's supply chain network in the country.

Feb 8, 2017

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Paktor acquires dating apps DOWN, Sweet, Goodnight, and Kickoff

The acquisition of the dating apps — DOWN, Sweet, Goodnight, and Kickoff — enables global foray, says Southeast Asian dating app Paktor.

Feb 8, 2017

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CESC shares hit 52-week high over Bikaner power distribution franchise; Oudh Sugar spurts 6.5% on upbeat Q3 results

RP-Sanjiv Goenka Group company CESC won order to supply electricity to Bikaner for 20 years, shares spurts 5 percent to hit 52-week high; Oudh Sugar Mills shares gain on bullish Q3 results.

Feb 7, 2017

Karnataka High Court orders winding up of United Breweries (Holdings) Ltd

IAE International Aero Engines had sought recovery of dues by Kingfisher Airlines, promoted by United Breweries (Holdings) Ltd.

Feb 7, 2017

Can NBFCs fill the void as banks' appetite to lend deteriorates after NPA woes?

NBFCs have built substantial AUM in the personal loan and housing finance segments, which so far have been the bread and butter for retail banks.

Feb 7, 2017

Spammed! India faces maximum IP blocks as spam emails globally rise to record levels

A Cisco study finds that more than one-third of organisations that have been subject to a cyber attack lost 20% of revenue or more.

Feb 7, 2017

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PVR Q3 results and earnings call: Movie goers spent less on tickets, food due to demonetisation

Brokerage Nirmal Bang analyses the third quarter (Q3) results of multiplex owner PVR and gives its rating.

Feb 7, 2017

Apple pushed to 4th place in China; Oppo, Huawei and Vivo grab first 3 slots

Apple's share in China's smartphone market declined both for Q4 as well as for 2016 amid competition from local players Huawei, Oppo and Vivo.

Feb 7, 2017

RBI forced banks to grant loan to Kingfisher Airlines violating its own rules

Knowing well that KFA fell under the category of sub-standard assets, top RBI officials asked banks to loan more to the airline.

Feb 7, 2017

Bharti Airtel files counter complaint with CCI against Reliance Jio over predatory 4G free data offer

Bharti Airtel has now filed a counter complaint with the CCI, alleging that Reliance Jio's free 4G data is predatory in nature.

Feb 7, 2017

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