Business news

Demonetisation is a Black Swan moment for Digital India, says IAMAI president Subho Ray

Subho Ray, President of IAMAI, on Digital India after demonetisation and his wish list from Budget 2017: an exclusive interview

Jan 13, 2017

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SpiceJet- Boeing deal: Low-cost carrier places order for 205 aircraft worth $22 billion

With the new order, SpiceJet will overtake IndiGo to become India's largest airline as per fleet size.

Jan 13, 2017

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BSE IPO: All you need to know about issue price, opening and closing dates; top 10 existing shareholders

Asia's oldest stock exchange — BSE — is planning to raise about Rs 1,300 crore using the OFS route in its IPO.

Jan 13, 2017

Airbus, Iran deal: IranAir takes delivery of its first Airbus airliner, as sanctions become a memory

The Airbus A321 landed in Iran on Thursday and was received by the Iranian transport minister.

Jan 13, 2017

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Oil prices edge up on record China crude imports; Saudi output cut

Record Chinese oil imports of 8.56 million barrels per day (bpd) in December helped buoy prices.

Jan 13, 2017

Infosys Q3 net profit rises 7% at Rs 3,708 crore, lowers dollar revenue guidance

Infosys registered revenues worth Rs 17,273 crore for the third quarter that ended on December 31, 2016.

Jan 13, 2017

TCS Managing Director N Chandrasekaran appointed Chairman of Tata Sons

Natarajan Chandrasekaran was the Chief Executive Officer and Managing Director of Tata Consultancy Services since 2009.

Jan 12, 2017

Microsoft sued by moderators who developed PTSD after viewing child abuse content

The complaint stressed that the moderators had to view "inhumane and disgusting content" on a continuous basis.

Jan 12, 2017

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TCS Q3 net profit rises 11%, income up 9%; Infosys to declare results on January 13

N Chandrasekaran, CEO and MD of TCS attributes the Q3 upbeat performance to the company's "resilience".

Jan 12, 2017

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MRF to invest Rs 4,500 crore for tyre project in Gujarat

The announcement by India's largest tyre maker MRF also says that the investment will be in a phased manner.

Jan 12, 2017

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Budget 2017: NITI Aayog not in favour of raising income tax exemption limit

Niti Aayog, the Indian government's think-tank, would want the threshold for the 10 percent tax rate to be increased, instead.

Jan 12, 2017

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RBI governor Urjit Patel conveys subtle message to Modi Govt before Budget 2017

At the International Financial Services Centre (IFSC), RBI chief Urjit Patel speaks about government debt, inflation and interest subvention.

Jan 12, 2017

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Power Grid Corporation, NTPC lead Sensex, Nifty rally; TCS Q3 results, December inflation data awaited

Shares of Power Grid Corporation (PGCIL) and NTPC gain more than 3 percent in early trade; benchmark indices Sensex, Nifty up 0.40 percent.

Jan 12, 2017

Volkswagen pleads guilty in carbon emission scandal; agrees to pay $4.3 billion as settlement

Volkswagen has agreed to new audits and oversight by an independent monitor over a period of three years.

Jan 12, 2017

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Sensex crosses 27,000 mark, Nifty closes at 2-month high; IndusInd Bank gains 6%

The Sensex, Nifty rally was led by metal and bank stocks; Coal India, Tata Steel and ICICI Bank, IndusInd Bank were top gainers.

Jan 11, 2017

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