Business news

Volkswagen pleads guilty in carbon emission scandal; agrees to pay $4.3 billion as settlement

Volkswagen has agreed to new audits and oversight by an independent monitor over a period of three years.

Jan 12, 2017

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Sensex crosses 27,000 mark, Nifty closes at 2-month high; IndusInd Bank gains 6%

The Sensex, Nifty rally was led by metal and bank stocks; Coal India, Tata Steel and ICICI Bank, IndusInd Bank were top gainers.

Jan 11, 2017

Rupee vs US dollar, rupee projection, demonetisation, GST, UBS report, Indian currency

Indian rupee could fall sharply against US dollar by FY2018; Nifty to hit 8,800 by December: UBS

The Indian rupee could fall to 73 to the US dollar by end of FY2018, while the 50-scrip NSE Nifty could rise to 8,8800, says UBS.

Jan 11, 2017

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Axis Bank Q3FY2017 preview: Net profit likely to fall sharply, say brokerages

India's third-largest private sector lender Axis Bank, facing money-laundering charges, is expected to report a fall in its net profit for Q3.

Jan 11, 2017

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What is next for the FTSE 100 in 2017?

The FTSE 100 ended 2016 with an all time high of 7,142.

Jan 11, 2017

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Almost 40 per cent of our 3,000-plus clients are women: Financial planner Priya Sunder

Priya Sunder (PS), financial planner and director of an investment advisory firm shares her views on approach to investments in an interview with IBT.

Jan 11, 2017

Asian shares at 2-month high, markets await Trump news conference

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent to two-month highs.

Jan 11, 2017

Indian auto sales plunge to lowest numbers in 16 years, as demonetisation bites

For the calendar year 2016, Indian automobile sector recorded a growth of 9.17 percent.

Jan 11, 2017

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

PM Modi at Vibrant Gujarat 2017: India on the threshold of becoming world's most digitised economy

Addressing the inauguration ceremony of Vibrant Gujarat Global Summit, the PM said that the government is working to adopt and absorb newer technologies.

Jan 10, 2017

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Markets update: Gold at 1-month high; ABB spurts 13%, BEL gains 4% on stock split buzz

Gold closes Rs 330 higher, silver gains Rs 350; ABB and BEL shares rise on order win and stock split news, respectively.

Jan 10, 2017

Air India hits back after being ranked 'third-worst performing' airline

Air India spokesperson claims that the report is fabricated. "We totally disagree with the report published by FlightStats", says AI spokesperson.

Jan 10, 2017

budget 2017, consumption growth, redistribution of wealth, pm modi, fm arun jaitley, mosl, taxes

Budget 2017: PM Modi playing Robin Hood would be unsustainable for India

A cash-rich Modi government after demonetisation would be tempted to spur consumption growth by redistributing wealth using Budget 2017.

Jan 10, 2017

India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar.

Jan 10, 2017