Business news

Make in India push: Public procurement policy booster dose to pharma sector

The Department of Pharmaceuticals-mandated preference to local makers aims at achieving 75 per cent local content in public procurement programmes this fiscal and 90 per cent by 2025.

Jan 2, 2019

Royal Enfield Interceptor 650 & Continental GT 650

Jawa spoils Enfield's party; Eicher Motors sinks 7.5% as December sales plummet

Royal Enfield sales in December dropped more than 13 percent to 58,278 units, down from 66,968 in the same period the previous year.

Jan 2, 2019

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Sensex down 320 points, auto stocks slump

The weakness in the domestic indices came on the back of a similar trend in the Asian markets along with a sharp decline in rupee and a slowdown in the manufacturing PMI data.

Jan 2, 2019

Sachin Bansal pays Rs 699 crore advance tax on gains from Flipkart-Walmart deal

The Income Tax department had directed Sachin Bansal, Binny Bansal and the company's stakeholders to disclose their capital gains made after the Flipkart-Walmart deal.

Jan 2, 2019

Debt-laden Jet Airways defaults on loan repayment

Earlier in the week the company's shares saw a spurt after reports said the management was in talks with the State Bank of India for a Rs 1,500 crore interim loan.

Jan 2, 2019

Modi govt's re-election push: MSMEs to get GST, loan restructuring breathers

Prime Minister Modi wants GST Council to raise compliance threshold for MSMEs to Rs75 lakh while RBI nod for one-time restructuring covers loans of up to Rs25 crore

Jan 2, 2019

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Global Markets: Asian shares blindsided by dismal China data

Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures

Jan 2, 2019

Facebook ad revenues in the US see a gradual slump

In the third quarter of 2018, Facebook's year-over-year ad-revenue growth rate was 16 percent, compared to the 30 percent in the second quarter and 35 percent in the first quarter of that year, Forbes reported on Monday citing data from Standard Media Index (SMI).

Jan 1, 2019

New Year cheer: Mass consumption items cheaper with GST cut

At its 31st meeting on December 22, the Goods and Services Tax (GST) Council chaired by Union Finance Minister Arun Jaitley agreed to cut tax rates on 23 goods and services.

Jan 1, 2019

India among world's best performing markets in 2018 despite volatility

Sensex rose about 6% and Nifty50 about 3.2% amid global gloom arising from oil worries and US-China trade war fears

Jan 1, 2019

India retains crown as 'world's fastest growing economy'; China a close second

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth. In the first quarter of 2018-19 ending June 30, it grew at an impressive 8.2 percent, after 7.7 percent in the first three months of the year.

Jan 1, 2019

UCO Bank shares zoom 15% after Rs 3,074 crore equity infusion from govt.

The government has announced a Rs 65,000 crore package for recapitalising public sector banks in the country during 2018-19. As much as Rs 23,000 crore has been disbursed so far.

Jan 1, 2019

Massive banking frauds eclipse record recovery of bad assets in FY18

New regulatory framework helps recover Rs 40,400 crore of bad loans while frauds increase 72% to Rs41,200 crore.

Dec 31, 2018

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After a rough 2018, how will Indian stock markets perform in 2019?

As the year draws to a close, some of the latent strengths of the market are manifest. With more than $2 trillion in market capitalisation the Indian markets retains its place among the top 7 in the world.

Dec 31, 2018