Business news

Tata Sons begins due process for taking over controlling stake in Jet Airways

A Tata Sons' team met Jet Airways officials to take stoke of the situation even as the debt-ridden airline tries to turn around the finances.

Nov 13, 2018

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Sensex up 46 points in choppy trade on better macro data

Major gainers include, Asian Paints, Coal India, Axis Bank, Adani Port, Vedanta, PowerGrid, TCS, Tata Steel and ONGC, rising up to 1.14 per cent.

Nov 13, 2018

Oil helps European stocks rise while tobacco goes up in smoke

European shares bounced back on Monday thanks to strong oil stocks, while tobacco firms were dented by new signs of regulators tightening the screws on menthol cigarettes.

Nov 12, 2018

Usha Martin shareholders approve steel business sale to Tata Steel

Shareholders of wire rope maker Usha Martin have approved the sale of its steel unit to Tata Steel aimed at reducing debt burden and expansion of core business.

Nov 12, 2018

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Sensex tumbles 346 points as crude prices, rupee concerns weigh

Further impacting domestic market sentiments, the Indian rupee again breached the 73-mark, dropping 57 paise (intra-day) to 73.07 against the dollar.

Nov 12, 2018

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Equity indices erase gains ahead of key data release; crude prices rebound

The government would release the Consumer Price Index (CPI) for October and the industrial production data for September later in the day. The CPI data for September stood at 3.77 per cent, up from 3.69 in August.

Nov 12, 2018

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Visa, Mastercard and American Express maybe taxed on India income

Presently, these payments companies are not taxed as per the Indian laws since the legislation says that only the foreign companies having 'permanent establishment' in the country would be liable to pay tax.

Nov 12, 2018

GST-based calculation confusing? Here are the new Casio calculators for India

Christened MJ-120 GST and MJ-12 GST, the calculators have been designed for the Indian market and priced at Rs 398 and Rs 475, respectively.

Nov 12, 2018

Apple eyes a bigger bite of market with Amazon deal

As part of the deal, Amazon proposes to delist Apple and Beats products sold by non-authorised resellers, allowing Apple to exert more control over the online sales channel.

Nov 12, 2018

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India hopes to calm fuel price stink with basmati fragrance

Export outlook for Indian basmati has brightened with easing of export norms and rupee payment options in Iran trade.

Nov 12, 2018

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Alibaba Singles' Day sales hit $10 billion in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan.

Nov 11, 2018

RBI tightens oversight of NBFCs, cancels registration of 31 firms

West Bengal leads in the number of finance companies suffering central bank's axe while another 17 voluntarily close business.

Nov 11, 2018

IndiGo switches 125 Airbus A320neo orders to longer range A321s - report

IndiGo had previously said it plans to add to its fleet of Airbus A320neos and ATR 72 turboprops at a rate of around six planes a month.

Nov 11, 2018

MS Dhoni attends India Cements board meeting, leaves executives awestruck

The executives of the Chennai-based company informed the media that this is the first time Dhoni has participated in a board meeting.

Nov 10, 2018

Big relief for Deloitte, PwC, EY and KPMG as govt panel allows permission to operate in India

The government had formed a committee to look into the complaints made by an Indian firm where they argued that the foreign firms were apparently flouting norms and gaining an undue advantage.

Nov 10, 2018