Business news

Hardeep Singh Puri, Union Civil Aviation Minster

Air India sale: Hardeep Singh Puri makes it clear govt will privatise 'Maharajah'

Union Civil aviation Minister Hardeep Singh Puri said that the government should not be in the business of running the airline and it should be rather left to the private sector.

Aug 30, 2019

Zerodha traders lose heavily on F&O expiry day due to technical snag

This is not the first time Zerodha customers are facing such technical issues. On February 27, several traders using it faced technical issues while using Kite platform.

Aug 29, 2019

UAE property developer Sobha plans initial public offering

Sobha is targeting annual sales of 2,000 housing units in Dubai that will result in revenue of 2.5 billion dirhams and profit of about 400 million dirhams by 2022, Menon said.

Aug 29, 2019

NRI billionaire's Gulf retail giant Lulu plans to invest $500 million in Egypt

Under the new deals, four projects will be built by the Urban Communities Authority within 12 months.

Aug 29, 2019

Big changes for personal income tax rates in offing? Tax panel submits report

People earning between Rs 5 lakh and Rs 10 lakh per year may have to pay 10 per cent income tax.

Aug 29, 2019

Big FDI reforms: From coal mining to digital media

The existing FDI policy provides for 100 per cent FDI under automatic route in the manufacturing sector but there was no specific provision for contractual manufacturing.

Aug 29, 2019

Major shake-up in co-living space as Embassy Group plans to build 20,000 beds

Embassy group has an ambitious plan of growing more than 100,000 owned and operated beds in next five years

Aug 28, 2019

RBI payout gives Centre space to spend more: Experts

The Central Board of the Reserve Bank of India (RBI) on Monday decided to transfer a sum of Rs 1,76,051 crore to the government.

Aug 27, 2019

IndiGo promoters' differences threaten services

IndiGo AGM: Amendment of Articles of Association, re-appointment of M Damodaran in focus

The feud came to the fore in July when Bhatia wrote to Sebi seeking its intervention in addressing alleged corporate governance lapses in the company.

Aug 26, 2019

Sensex, Nifty advance 2% after Centre takes steps to spur growth

The Sensex jumped over 762.74 points to 37,463.90, while the Nifty traded 216.95 points higher to top the 11,000-point mark at 11,046.30.

Aug 26, 2019

Gold prices moving to all-time highs as China-US trade war escalates

As gold rallies, Indian markets are getting support even from the depreciating rupee, apart from the global uncertainties.

Aug 26, 2019

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

Aug 25, 2019

Shapoorji Pallonji to sell assets to clear off Rs 4000 Cr debt

The 154-year old group witnessed a massive downgrade of its flagship firm Shapoorji Pallonji & Co. due to the slowdown in the core sector.

Aug 24, 2019

Parle row: No job losses yet, company senior category head Mayank Shah clarifies

Mayank Shah stated that job cuts are only an eventuality that Parle may look at if the current economic slowdown continues.

Aug 23, 2019

bse opening on tuesday, sensex to gain on, uttar pradesh election results 2017, bjp wins in uttar pradesh, pm modi

Nifty, Sensex rebound after report of likely FPI tax rollback

Indian shares rebounded from a sharp fall on Friday, following a media report that the government could soon announce a rollback of higher taxes for foreign portfolio investors (FPIs).

Aug 23, 2019