Business news

spicejet, AGM, share price, ajay singh, plf, market share, dgca

SpiceJet AGM to decide on Ajay Singh's salary, perks

Ajay Singh's extended tenure will be from April 2016-May 2018; he took over low-cost carrier SpiceJet from Kalanithi Maran in January 2015.

Dec 23, 2016

wipro, us sec, wipro settles case with us sec, share price, wipro q3

Wipro settles 6-year old US SEC probe with $5 million fine

The civil money penalty will be paid by Wipro to close an investigation launched by the US SEC in an embezzlement case.

Dec 23, 2016

budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

Budget 2017: What could PM Narendra Modi announce on December 31?

The first demonetisation deadline ends on December 30 and PM Modi is likely to make some drastic announcement next day ahead of Budget 2017.

Dec 23, 2016

SBI Buddy vs Paytm: SBI's 'desi' Buddy takes on 'somewhat Chinese' Paytm with banner of patriotism

SBI says its Buddy app is more secured, charges way less and is partly-owned by the government of India unlike Paytm, in which China's Alibaba has a stake.

Dec 23, 2016

Oil prices fall on profit taking, strong dollar

A strong dollar makes greenback-denominated commodities, including oil, more expensive for holders of other currencies.

Dec 23, 2016

budget 2017, cii, wish list, income tax, corporate tax

Budget 2017: CII wants drastic reduction in personal, corporate tax rates

Trade body CII has a long wish list for Budget 2017 that includes recommendations on income tax rates and slabs, and corporate tax.

Dec 23, 2016

voltas, investor meet, share price, bse sensex, nse nifty

Sensex, Nifty down for 8th straight day; Voltas slumps after investor meet

Shares of Tata Group firm Voltas dropped sharply after Thursday's investor meet, indicating bleak business prospects; Sensex, Nifty lose again.

Dec 23, 2016

Tata Motors board: Nusli Wadia voted out as director

The decision was put to vote and 71.20 percent of the Tata Motors shareholders voted in favour of Wadia's exit as director.

Dec 23, 2016

Cancer treatment: Sun Pharma to acquire Novartis' cancer drug Odomzo for $175 million

Odomzo, approved by the US FDA in July 2015, has marketing approval in over 30 countries.

Dec 22, 2016

canara bank stake sale can fin homes share price digital banking

Snapdeal will now deliver Rs 2,000 notes to your doorstep through Cash@Home

Snapdeal has launched Cash@Home in Gurgaon and Bengaluru, where users can pay for their cash using ATM cards.

Dec 22, 2016

gaming, las vegas, macau, casinos, china, China UnionPay bank macau

Gaming Outlook 2017: Positive on Las Vegas, cautious on Macau, says Nomura

Prominent players in the two places are MGM, Las Vegas Sands, Wynn Resorts and Melco Crown Entertainment.

Dec 22, 2016

Budget 2017: As oil prices rise on a slippery path, beware of a dead cat bounce

A supply glut and changing world demographics will act as sufficient ingredients for volatile or direction-less oil prices in 2017.

Dec 22, 2016

gold, prices, import duty, budget 2017, tbz, titan

Budget 2017: Finance Minister Arun Jaitley may lower import duty on gold

Currently, the import duty on gold is 10 percent; gold companies like Titan, PC Jeweller say a cut would be good for the industry.

Dec 22, 2016

pm narendra modi, demonetisation, rbi rate cut minutes, mpc minutes, bse indices, stock markets, india, economy

PM Modi's demonetisation effect: All 19 BSE sectoral indices fall; Sensex, Nifty down 1%

BSE Metals, Auto, IT, Bankex, FMCG, Financials, Realty, Power, Oil and Gas indices fell on persisting demonetisation woes and FII selling.

Dec 22, 2016

Tata Steel board removes Nusli Wadia as independent director

Almost 90 percent of shareholders have voted in favour of Wadia's ouster.

Dec 22, 2016

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