Business news

ACME Solar terminates deal with NTPC for 600 MW project, wants bank guarantee refund in 3 days

NTPC has decided to reduce the tariff by 31 paise from the allotted tariff of Rs 2.59 per unit if Acme denies the imposition of the safeguard duty.

Jul 7, 2019

Here's how some of the proposals in Budget 2019 might turn against Modi govt

There were some of the proposals and amendments that were made by the finance minister and might turn against the government goodwill.

Jul 5, 2019

Union Budget 2019: Sitharaman increases the financial outlay for defence

Sitharaman's omission of defence allocation in speech surprised many, she being a former defence minister, but the finance minister defended her choice of highlights for the speech at the post-budget press conference

Jul 5, 2019

Union Budget 2019: What spooked the market despite Sitharaman's reform refrain?

Benchmark indices slumped as Finance Minister Nirmala Sitharaman's speech progressed after a brief surge ahead of the presentation.

Jul 5, 2019

Budget 2019: Raise in import duties on gold, other precious metals

Shares of jewellery makers such as Titan and PC Jeweller fell as much as 5 percent after the announcement.

Jul 5, 2019

Budget 2019: Petrol, diesel price to rise by Rs 2/litre after the cess hike

The finance minister Nirmala Sitharaman has proposed to increase the Special Additional Excise Duty (SAED) as well as Road and Infrastructure Cess by Re 1 per litre on automobile fuels.

Jul 5, 2019

Budget 2019: 2% TDS on cash withdrawal exceeding Rs 1 crore yearly

The Finance Minister proposed that tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year.

Jul 5, 2019

Indian-origin banker gets 13 years in Singapore jail for siphoning US$10 million from client's accounts

Kale Jagdish Purushottam (43) plead guilty to 20 forgery and cheating charges. He also plead guilty to 30 charges under the Computer Misuse Act where he had siphoned USD 10 million. There were more than 500 other charges taken into account during Kale's sentencing.

Jul 5, 2019

Nirmala Sitharaman's maiden budget 2019 to boost growth and structural reforms

Asia's third-largest economy grew at a much slower-than-expected 5.8% in the last quarter, the weakest growth in five years and far below the pace needed to generate jobs for the millions of young Indian's entering the labour market each month.

Jul 5, 2019

Market on tenterhooks as Sitharaman begins speech presenting Union Budget 2019

Sectoral indices of banks, auto, FMCG, and realty advance while metals worst hit in a market that is vertically split.

Jul 5, 2019

Sensex recovers its 40,000 level, Nifty at a high before the budget 2019 proceedings

The BSE Sensex is seeing a trading rise of 119 points while Nifty50 has gained about 31 points since the morning.

Jul 5, 2019

Infosys pays salary hike to 15% senior employees after 3-month delay

Not everyone received the increment. Sources said that delivery managers and other senior executives have received a three–five per cent hike while many others were deferred.

Jul 4, 2019

Will former defence minister's first budget set right defence outlay anomaly?

As a former defence minister, Finance Minister Nirmala Sitharaman is expected to realise how Rs 3.05-lakh crore allocation in interim budget in actual terms meant a reduction in the outlay amid worsening geopolitical tensions

Jul 4, 2019

Apple cuts ties with L&T Infotech over mistrust in documentation, procedural lapses

USCIS and Apple have both denied giving any information about the proceedings on the issue.

Jul 4, 2019

Adani group to operate Ahmedabad, Lucknow, Mangaluru airports

The Adani group has leased out the airports for 50 years, during which it will manage, operate and develop the facilities and infrastructure of the airports.

Jul 4, 2019

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Business news

ACME Solar terminates deal with NTPC for 600 MW project, wants bank guarantee refund in 3 days

Here's how some of the proposals in Budget 2019 might turn against Modi govt

Union Budget 2019: Sitharaman increases the financial outlay for defence

Union Budget 2019: What spooked the market despite Sitharaman's reform refrain?

Budget 2019: Raise in import duties on gold, other precious metals

Budget 2019: Petrol, diesel price to rise by Rs 2/litre after the cess hike

Budget 2019: 2% TDS on cash withdrawal exceeding Rs 1 crore yearly

Indian-origin banker gets 13 years in Singapore jail for siphoning US$10 million from client's accounts

Nirmala Sitharaman's maiden budget 2019 to boost growth and structural reforms

Market on tenterhooks as Sitharaman begins speech presenting Union Budget 2019

Sensex recovers its 40,000 level, Nifty at a high before the budget 2019 proceedings

Infosys pays salary hike to 15% senior employees after 3-month delay

Will former defence minister's first budget set right defence outlay anomaly?

Apple cuts ties with L&T Infotech over mistrust in documentation, procedural lapses

Adani group to operate Ahmedabad, Lucknow, Mangaluru airports

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]