Business news

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

HDFC Securities picks Triveni Turbine and Kalpataru Power as its favourite stocks from the capital goods sector.

Jan 6, 2017

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Boeing strikes big deal with SpiceJet for 92 Boeing 737 jetliners: Report

The SpiceJet-Boeing deal is pegged at $10.1 billion as per current list prices.

Jan 6, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

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2G spectrum scam: SC threatens to take away Aircel 2G spectrum, licence over absence of Maxis bosses

Maxis promoter Anandakrishnan and director Ralph Marshal have not appeared in a lower court despite repeated summons.

Jan 6, 2017

US Dollar, currencies, Euro, Yuan, Yen, Asian shares

Asian shares rise as US interest rates ease, China steps up yuan defence

The dollar extended losses on Thursday as China stepped up efforts to support the yuan.

Jan 6, 2017

People line up outside an ATM at a State Bank of India branch

Loan growth at historic low even as banks are awash with cash after demonetisation

But now that banks have slashed MCLR rates almost 80-90 bps at one go, SBI expects a credit growth rebound, at least in the housing sector.

Jan 6, 2017

Play

New study shows the brain’s ability to recognise faces continues to grow into adulthood

A new study has revealed that in humans, the part of the brain that’s responsible for face recognition continues to grow into adulthood. The results are surprising, since brain development is largely thought to involve synaptic pruning, rather than growth.

Jan 6, 2017

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Bombay Dyeing shares gain 13% in 4 days

On a revival and restructuring, 137-year-old Bombay Dyeing shares are steadily gaining.

Jan 5, 2017

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JSW, Jindal Steel, Vedanta spurt on BSE; HSBC slashes India Q3 growth rate estimate

The Sensex closes 245 points higher after select shares rise; HSBC pegs India's December quarter growth rate at 5 percent.

Jan 5, 2017

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Higher tax revenues are expected to balance the divestment shortfall and help the government stick to its fiscal deficit target of 3.5 percent for 2016-17.

Jan 5, 2017

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Q3 results: Tech Mahindra, HCL Tech likely to outperform Infosys, TCS and Wipro in revenue growth

Infosys, Wipro, TCS are likely to report downbeat Q3 results; Tech Mahindra, HCL Tech could buck the trend, say analysts.

Jan 5, 2017

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With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Soon, at least half a dozen global reinsurers are expected to enter the India insurance market. It is expected to quadruple from its current size of $60 billion over the next 10 years.

Jan 5, 2017