Business news

Snapdeal's FY16 losses increase two-fold to Rs 2,960 crore

One of the many reasons for the losses is that Snapdeal is losing market share to rivals Flipkart and Amazon.

Jan 18, 2017

Brexit: Here is the 12-point plan British PM Theresa May laid out for UK leaving the EU

British PM Theresa May warned that she would not tolerate 'opposition for opposition's sake' when time came for the Brexit deal to be negotiated

Jan 17, 2017

gold prices, gold demand, gold outlook, silver prices, silver demand, india news, wgc gold demand

Gold, silver prices rise sharply over domestic buying, global uncertainty

Projections for weak gold, silver prices due to subdued demand notwithstanding, the two metals have been rising steadily.

Jan 17, 2017

Rolls-Royce to pay $817 million in penalties to settle bribery charges

Rolls-Royce Holdings reached an agreement with US, UK and Brazil authorities over allegations that it hired commercial agents to secure high-value contracts in several countries.

Jan 17, 2017

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Budget 2017: Provide incentives for travel, tourism start-ups, says Nirvana Excursions

Tourism is not just a money spinner but also provides jobs to millions; sops for start-ups in Budget 2017 would help, says Nirvana Excursions.

Jan 17, 2017

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British American Tobacco gets full control of US rival Reynolds in $49.4 billion deal

Reynolds shareholders will get $29.44 in cash and 0.5260 BAT ordinary shares for each share held; deal makes BAT the world's largest listed tobacco company.

Jan 17, 2017

India's oil demand growth rate continues to outpace China's for third successive year

Analysts opine that gains in oil demand from manufacturing-led Make in India initiative will more than offset the negative impact of the note ban.

Jan 17, 2017

Interview: Data monetisation could become a new business opportunity for banks, says Manoj Kalyan, AVP at Brillio

In an exclusive interview with International Business Times, Manoj Kalyan of global tech consulting company shares his views on big data.

Jan 17, 2017

Delta Corp shares spurt on receiving Gangtok casino license; Reliance Industries down 3% after Q3 results

Reliance Industries reported a net profit of Rs 8,022 crore in the December quarter while its gross refining margin increased to $10.80 a barrel.

Jan 17, 2017

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Budget 2017: Preview of Modi Govt's finances by BofA Merrill Lynch

The BofA Merrill Lynch Global Research report says impact of 7th pay commission proposals, PSU bank recapitalisation, fiscal deficit hold key.

Jan 17, 2017

IMF bumps up US and China growth outlook, downgrades India on note ban

Donald Trump's promised plans to cut taxes and boost infrastructure spending is expected to boost US growth in 2017 and 2018, the IMF said.

Jan 17, 2017

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SBI Card says demonetisation has increased spends by 30%

The rise was recorded despite a fall in certain other segments such as jewellery, fuel and other discretionary spending.

Jan 17, 2017

Budget 2017: Higher likelihood of repo rate cut in February if govt sticks to fiscal consolidation, says ICRA economist

However, economist Aditi Nayar added that the room for incremental rate cuts would be limited to 25 bps over next six months.

Jan 16, 2017

remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Nomura reiterates Buy on Maruti Suzuki after 'premiumisation' launch of Ignis

Factoring in Ignis sales volume for FY17 and FY18, Nomura reiterated its target price of Rs 6,576 for the MSIL stock, up 14% from Rs 5,777 currently.

Jan 16, 2017

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