Business news

RBI resorts to ethical hacking to test Indian banks' cyber vulnerabilities

During the first phase of the test, the RBI will focus on PSU banks that are understood to be more susceptible than private banks.

Jan 23, 2017

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Budget 2017: SC dismisses petition to postpone budget due to 2017 Assembly elections in 5 states

The budget for 2017-18 will be presented on February 1, a day after Parliament session begins.

Jan 23, 2017

Bangalore-based women's ethnic wear brand Soch to sell majority stake to PE firms: Report

PE firms L Catterton, Westbridge Capital and CX Partners may together acquire a controlling stake in the ethnic wear brand Soch.

Jan 23, 2017

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Budget 2017 may have Rs 35,300 crore sops in income tax exemptions, deductions: SBI Ecowrap

SBI economist says Budget 2017 could enhance minimum tax exemption limit, higher deduction under section 80C and interest exemption for home loans.

Jan 23, 2017

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Xiaomi global head Hugo Barra bids adieu to Beijing, plans to return to Silicon Valley

Hugo Barra is slated to leave Xiaomi's administration at the end of February, but will continue to work in limited terms with the company in an advisor-only role.

Jan 23, 2017

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RBL Bank spurts on buoyant Q3 results; Sensex IPO opens

Private sector lender RBL Bank reported 59 percent rise in Q3 net profit, leading to a rally in share price; BSE IPO public issue is now open.

Jan 23, 2017

SEC investigates if Yahoo violated civil securities laws by reporting data breaches late

The US SEC is probing if Yahoo should have reported the 2014 data hack – which the company disclosed in September 2016 – earlier to investors.

Jan 23, 2017

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Cash-ban distress leaves scant room for India budget giveaways

"It is an unprecedented budget," said a senior government official with direct knowledge of fiscal planning.

Jan 23, 2017

Ayush ministry to take misleading advertisers of ayurveda and yoga to task

The ministry has tasked the advertising watchdog ASCI to scan through advertisements across 900 publications and 500 TV channels.

Jan 22, 2017

General Motors shelves future investments on new products in India

GM said it is conducting a full review of its future product portfolio given the shift in customer preferences in India.

Jan 22, 2017

SBI may raise up to Rs 15,000 crore in next 18 months from capital markets, SBI Life IPO

State Bank of India said it could tap the capital markets to raise up to Rs 10,200 crore in the next fiscal year.

Jan 22, 2017

Apple-Qualcomm war: Chinese company sued for $1 billion over unfair royalties

Apple alleged in its lawsuit that Qualcomm withheld $1 billion in payments as retaliation for its co-operation to authorities.

Jan 21, 2017

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Wipro, HUL, HDFC Bank, ICICI Prudential Q3 results likely to guide Sensex, Nifty

Companies due to declare Q3 results next week include Idea Cellular, HDFC Bank, Wipro, HUL and ICICI Prudential Life Insurance.

Jan 21, 2017

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UFO Moviez Q3 results: Demonetisation likely to hit company's ad revenues

Listed company UFO Moviez earns revenues from digital film distribution, leasing of digital cinema equipment and in-cinema ads.

Jan 21, 2017

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US stock markets end with modest gains on Donald Trump's protectionist speech

Donald Trump, after taking oath as the 45th president of the US, made a speech that had the hallmarks of protectionism and populism.

Jan 21, 2017

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