Business news

3 companies opt out of Navi Mumbai airport project

The firms have cited many unresolved issues for withdrawing from the project.

Jan 4, 2017

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India property market: Cloud of uncertainty grips housing lenders as mortgage rates head south

Morgan Stanley believes that banks will aggressively pursue loan takeovers and in that case, housing finance firms will have no place to hide.

Jan 4, 2017

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5 things to know about Paytm's payments bank

The RBI on Tuesday gave approval to Paytm to launch its payments bank.

Jan 4, 2017

IT Outlook 2017: Amid global headwinds, the new year may bring new lows for IT biggies

As projects get delayed, profit margins shrink and hiring hits a low, analysts expect IT growth to contract by almost 3 percent in 2017.

Jan 4, 2017

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Sensex, Nifty close with modest gains; BSE gets approval for IPO

Benchmark indices Sensex and Nifty reversing Monday's losses; Power Grid, Axis Bank, Coal India lead rally.

Jan 3, 2017

Sandhar Technologies ties up with Malaysia's MCE Holdings to sell auto ancillary products

MCE Holdings, in partnership with Gurugram-based Sandhar Technologies, will supply its existing range of products for automobile manufacturers in India.

Jan 3, 2017

Twitter Greater China head Kathy Chen steps down

Chen's resignation follows a series of exits ever since the social media company announced layoffs in October.

Jan 3, 2017

Singapore GDP growth of 9.1% in Q4 brings little cheer for 2017; was it a case of too-good-to-be-true?

The city-state's growth outlook for 2017 remains cloudy and analysts forecast GDP growth to come in around 1 to 2 percent amid domestic and global headwinds.

Jan 3, 2017

Drastic lending rate cuts to squeeze banks' net interest margins, say brokerages

Analysts expressed surprise at the quantum of MCLR cuts by banks and said the implication is likely to be negative for both banks as well as NBFCs.

Jan 3, 2017

Oil prices rise as hopes soar over OPEC-non-OPEC deal to slash production

The deal, which was agreed on in November to reduce output by almost 1.8 million barrels daily, officially came into force on Jan 1

Jan 3, 2017

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Budget Session of Parliament to begin from January 31

The Economic Survey to be presented on the same day followed by the General Budget on February 1.

Jan 3, 2017

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Bitcoin rings in new year with a bang

Digital currency Bitcoin rose to a three-year high to breach the $1,000 mark, indicating brisk trading ahead.

Jan 2, 2017

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Tata Steel, M&M, Tata Motors, Maruti Suzuki top Sensex gainers; December PMI Manufacturing shrank for the first time in 2016

Sensex ended Monday's trade with losses but Tata Steel, Maruti Suzuki, Mahindra and Tata Motors gained; Manufacturing PMI for December slipped below 50.

Jan 2, 2017