Business news

Ticking time bomb? Rajan warns of crisis in realty, infrastructure segments

The former RBI governor said real estate, construction and infrastructure sectors are in deep trouble amid the growth recession of low economic expansion and growing unemployment.

Dec 8, 2019

Big boost to middle-income segment on the cards as income tax rates may be cut

Finance Minister Nirmala Sitharaman hinted at the possibility of the government revising personal income tax rates and raising the taxable income floor.

Dec 8, 2019

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Market outlook: Macro-data, growth pangs to drive equity indices' trajectory

The rupee's movement against the American dollar and the progress of the US-China trade deal, as well as crude oil price fluctuations, will impact investors' risk-taking appetite.

Dec 8, 2019

Ericsson to pay over $1 billion to resolve US corruption probes

The bribery took place over many years in countries including China, Vietnam and Djibouti, the department said.

Dec 7, 2019

Kenichiro Yoshida, President and CEO, Sony Corporation (left), and Satya Nadella, CEO, Microsoft

Who will blink first? India-US in staring match over taxing Internet downloads

India may ignore US warnings of trade sanctions and impose import duties on 'electronic transmissions' like software, movie and music downloads and streaming before the year-end; New Delhi and Pretoria threaten to end 20 years of WTO ban on taxing international downloads

Dec 7, 2019

Will DHFL depositors have respite as administrator seeks all creditors' claims?

RBI-appointed official has asked creditors including depositors to submit their claims before December 17; depositors asked to choose one of the three authorised insolvency professionals

Dec 7, 2019

Vodafone Idea to shut if it doesn't get relief, says company chairman

The Supreme Court in a recent verdict allowed the Centre to recover Rs 92,641 crore in total AGR from telcos, which impacts Airtel and Vodafone Idea the most.

Dec 6, 2019

Saudi oil giant Aramco announces world's largest IPO

Aramco had previously announced that its shares would not be offered in the United States, Australia, Canada or Japan.

Dec 6, 2019

Market today: Nifty, Sensex gain ahead of expected interest rate cut

Nifty has risen 7.7% and Sensex has gained 8.43% since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and expectations of more stimulus.

Dec 5, 2019

No need for speed: Why Indigo is telling its pilots to stop pushing its new Jet SE engine to limit?

The company has directed its pilots not use more than 93% thrust on the Pratt engines of the A320neo-family of jets until they reach 25,000 feet

Dec 3, 2019

Mobile phone service rates revision: How much will your monthly bill go up?

As telecom service providers Reliance Jio, Vodafone Idea and Bharti Airtel announce rate increases your mobile phone bills may go up at least 40%; government says the increase will not hurt the customers

Dec 3, 2019

Pay Day-Pay Day! HDFC Bank Online Services Down

HDFC Bank's digital services, including NetBanking and MobileBanking, are down and there's no exact ETA on their restoration status.

Dec 3, 2019

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Vodafone Idea announces new tariff plans to cover AGR costs: Plans you can avail

Vodafone Idea had stated that it would increase its tariff from December 1.

Dec 1, 2019

FM Nirmala Sitharaman doesn't know economics, says Subramanian Swamy

Swamy said that Modi's advisors were too afraid to tell him the truth about the economic recession. "The Prime minister knows nothing about it. He is being told 'wonderful growth rate'," Swamy said.

Dec 1, 2019