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CDSL, Tejas Networks IPOs to hit markets; all you need to know

Tejas Networks is an optical and data networking products company while Central Depository Services (India) Limited (CSDL) offers demat and other services.

Jun 13, 2017

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GE CEO Jeff Immelt steps down

General Electrics Jeff Immelt, CEO since 2001, is stepping down. He will be replaced by John Flannery, who is currently the president of GE Healthcare.

Jun 13, 2017

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Wipro goes ex-bonus; Sensex, Nifty rally on positive inflation and factory output data

Retail inflation for May dropped to 2.18 percent while factory output (IIP) came in at 3.1 percent; Wipro goes ex-bonus from June 13 (due to 1:1 bonus ratio).

Jun 13, 2017

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Loan waiver payback: Farmers start wilfully defaulting on loans

While it is early to quantify the extent of loan delinquency by farmers, bankers say that in some states, the default rate has increased by up to 50 percent in recent months.

Jun 13, 2017

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Reliance General Insurance to be listed on bourses by FY18

Reliance General said its Board has approved a proposal to independently list the company-a subsidiary of Reliance Capital Ltd on the stock exchanges.

Jun 13, 2017

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JSW Bengaluru FC and Tata Steel-owned Jamshedpur team officially ISL football sides now

The 2017-18 edition of the Indian Super League will now have ten teams, and the tenure of the competition is set to be five months.

Jun 12, 2017

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Search for next SBI chairman begins

Arundhati Bhattacharya was appointed in 2013 as the bank's first woman chairman, and got a year's extension in October 2016, as SBI was in the process of merging its associate banks with itself.

Jun 12, 2017

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Infosys gains, Wipro goes ex-bonus from Tuesday, Biocon up on lower GST rate on insulin

In a regulatory filing with the US SEC, Wipro had said Donald Trump's policies could affect its business; Infosys trading higher, Biocon up on GST Council reducing tax rate for insulin.

Jun 12, 2017

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Boxing the box office: Revised tax rates on movie tickets will spur torrents, piracy, say Netizens

Union Finance Minister Arun Jaitley said movie tickets priced under Rs 100 will carry an 18 percent tax rate, while those above Rs 100 would be taxed at 28 percent.

Jun 11, 2017

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Big relief for small industry: GST Council slashes rates on 66 items

The Finance Ministry tweeted on Sunday that it received representations for about 133 items from industry, of which rates were reduced on 66 items.

Jun 11, 2017

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Gold is cold: GST might tarnish profits of the jewellery sector, fear jewellers

Apex bullion dealers body India Bullion and Jewellers Association (IBJA) has said that the GST structure will block 87 per cent working capital to the industry.

Jun 11, 2017

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Tendulkar-backed startup Smartron ties up with Eros

Smartron widens its repository of movies, television shows, music, originals and regional content. Its smartphones will come with the Eros Now app preloaded.

Jun 11, 2017

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HDFC Bank, ICICI Bank shares gain, Axis Bank falls in one month

Unlike HDFC Bank and ICICI Bank that declared robust Q4 results, Axis Bank reported a fall in net profit.

Jun 10, 2017

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Titan's valuation rises Rs 4,600 cr on reasonable GST rate for gold

Titan, a Tata Group company, retails jewellery under Tanishq brand and gained from the GST Council fixing 3 percent tax rate on gold and other jewellery.

Jun 10, 2017

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Jaguar Land Rover volume sales rise in May; watch video of top 10 expensive cars

Jaguar Land Rover (JLR), the luxury vehicle arm of Tata Motors, sold 45,487 units in May; brokerage has a "buy" on the company.

Jun 10, 2017

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Iran's top nuclear scientist killed in deadly shootout: Tehran blames Israel, US, vows revenge

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