Business news

Investors richer by Rs 62,156 crore as 9 of top 10 companies grow market cap

RIL, the most valued company on the bourses, saw its market capitalisation surge by Rs 17,074.13 crore to Rs 5,48,583.78 crore.

Sep 17, 2017

Arundhati Bhattacharaya, SBI chairman, SBI, SBI merger

SBI to review Rs 5,000 minimum balance rule, rollback unlikely

The bank came under attack over the rule both from media and politicians as they felt that accounts opened by students and the underprivileged were subjected to penalties for holding a lower balance .

Sep 17, 2017

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GST recoil: Exporters say higher costs hit orders, exports drop 15% till October

Costs rise 1.25 percent as govt delays duty refunds; resulting liquidity crunch forces exporters to postpone shipments.

Sep 16, 2017

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Zomato turnaround: Nomura values Zomato at $1.4 billion

Nomura's view came at a time when the food startup is in advanced discussions with an Alibaba affiliate to raise funds.

Sep 16, 2017

GST: Rs 65,000 crore credit, CBEC to scrutiny claims value over 1 crore

CBEC has directed tax officials to verify GST transitional credit claims of 162 entities, whose claim valuation is over Rs 1 crore.

Sep 15, 2017

Pain pills and brand fever: Draft pharma policy comes with few blockbusters

Strict audits of manufacturing plants will deter impostors, but doctors and third party manufacturers stand to lose out

Sep 15, 2017

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Crypto crash: Bitcoin nosedives 50% in India in just 13 days

Bitcoin and newer rivals like Ethereum and Litecoin have in recent times been fighting a losing battle against regulators.

Sep 15, 2017

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How state-owned BHEL will benefit from bullet train project

The project will be a joint venture between India's state-run manufacturer and Japan's Kawasaki Heavy Industries (KHI), together they will produce the rolling stock for the bullet train project.

Sep 15, 2017

Amazon likely to set up more warehouses in India to meet surging demand

The company has commissioned 12 dedicated centres across nine states to cater to the demand for bulky products such as air-conditioners, televisions and refrigerators among others.

Sep 15, 2017

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Tata Sons plans to become private limited; Mistrys look to scuttle move

Shapoorji Pallonji family's holding companies already objected Tata Sons' attempt to convert to a private limited company from a public limited one, saying it amounts to oppression of minority shareholders.

Sep 15, 2017

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Divestment: Air India plans road shows; looking for international buyers?

The government is aware of the possibilities of international players showing interest in the airline. They may amend rules, which at present bar international companies from bidding.

Sep 15, 2017

Infosys Foundation to spend over Rs 5 crore to solve Visakhapatnam water crisis

That money will be used to promote good sanitation practices and create efficient water management systems in all target villages.

Sep 15, 2017

After US, now UK, Australia and Canada likely to curb visas for Indian techies

A Nasscom study has brought out that there is no match between the commitments given and the visa issued.

Sep 15, 2017

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Bleak days for black: PAN, company audit reports enter govt's watchlist

Ministry of Corporate Affairs and CBDT to share data for carrying out scrutiny, inspection, investigation and prosecution.

Sep 14, 2017

IndiGo to bring in business class seats on long-haul flights

30 percent lower fares on business class, planned offers include unbundled products like meals, priority boarding, and check-in and seat selection for economy passengers.

Sep 14, 2017

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