Business news

Dieselgate: FBI arrests Volkswagen executive in emissions scandal

The FBI arrested Oliver Schmidt on the charges of conspiracy to defraud the United States, the New York Times has reported.

Jan 9, 2017

McDonalds, McDonalds Asia, McDonalds Hong Kong

McDonald's sells China, HK operations for $2.08 billion

A consortium of financial investors, including Citic Group, Citic Capital and Carlyle Group will buy its operations.

Jan 9, 2017

budget 2017, digital india, digidhan, Lucky Grahak Yojana, pm modi, fm arun jaitley

Budget 2017: Will there be a Digital Bharat Cess like the Swachh Bharat Cess?

Digital Bharat Cess on the lines of Swachh Bharat Cess and Krishi Kalyan Cess could be brought in Budget 2017 to drive digital payments.

Jan 9, 2017

India property prices may rise as developers heap compliance cost burden on buyers

While there is little doubt the Act will bring in more transparency to the sector, there are also enough reasons that may drive property prices higher.

Jan 9, 2017

Rolls-Royce registers second highest car sales in its 113-year history

Rolls-Royce registered an increase of 6 percent in sales in 2016.

Jan 9, 2017

bse sensex, nse nifty, 2017 closing, brexit, demonetisation, modi, donald trump

BEML shares spurt 14% as government decides to offload stake

The Bengaluru-based BEML company has an equity capital of Rs 41.64 crore.

Jan 9, 2017

oil prices, rigging equipment, oil, crude oil

Oil prices fall as Iranian crude tanker exports surge, US adds more rigs

The amount of Iranian oil held at sea has dropped to 16.4 million barrels, from 29.6 million barrels at the beginning of October.

Jan 9, 2017

Banks asked to obtain PAN or Form 60 of all bank accounts

The information has to be provided to the ministry by February 28, and BSBDAs are exempted from the order.

Jan 9, 2017

Govt may tax black money deposited in banks after demonetisation, says Arun Jaitley

Jaitley said just because banned notes have been deposited in the banks do not make them legitimate and the Revenue Department may tax this money.

Jan 8, 2017

India pharma sector, pharmaceutical companies, pharma, pharma companies

Aurobindo Pharma acquires Portugal-based Generis for Rs 970 crore; gets USFDA nod for anti-epileptic drug

The acquisition further consolidates Aurobindo Pharma's footprint in the Portuguese generic pharma market with a product portfolio consisting cardiovascular, CNS, anti-infectives and genito-urinary systems.

Jan 8, 2017