Business news

Problems in telecom, aviation and real estate sectors affecting revenue collections: Arun Jaitley

The Union Finance Minister says excessive competition has led to a decline in tariffs affecting GST collection from several service industries.

Dec 26, 2018

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Gold surges across Asia as bears dominate equities

Traders seek out safe haven over US worries setting bullion on course for biggest monthly advance since August last year.

Dec 26, 2018

Are Tata and Mahindra pushing Toyota and Suzuki into a hasty alliance deal?

Tata Motors and Mahindra, which are duelling for the third spot in the Indian auto market, are now looking at adding value to their Indian offerings with the help of technological advancement that come from their foreign brands.

Dec 26, 2018

Chinese firms come out in support of Huawei, no promotion and incentives to employees using iPhones

While some firms in China are reportedly providing subsidies to workers purchasing Huawei phones, others are said to be more aggressive in their stand against the US and Apple products and denying workers promotions and incentives if they use iPhones.

Dec 26, 2018

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Gold holds near six-month peak on weak risk appetite

Gold prices inched lower on Wednesday as the dollar firmed but hovered near a six-month high, supported by political instability in the United States and concerns about a global economic slowdown.

Dec 26, 2018

Max India to sell health-care assets to Radiant Life Care

The KKR-backed firm will pick up 49.7 per cent in Max Healthcare for $293 million in the first stage to create an entity with a valuation of Rs 7,242 crore.

Dec 26, 2018

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GST rate cut: Anti-profiteering watchdog fines HUL Rs 383 crore

NAA took note of consumer goods giant's failure to pass on to consumers benefit of GST reduction from 28% to 18% on some items last year

Dec 26, 2018

Facebook CEO Mark Zuckerberg at F8 conference

Facebook India posts 52% jump in revenues at Rs 521 crore; profit soars 40% amid low-cost data

Notably, Facebook's total revenue surged 53 per cent in India which also represents the money it earned through Whatsapp.

Dec 25, 2018

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Cars to become dearer as manufacturers introduce BS VI-compliant engines

On a base price of around Rs 6 lakh, the smaller diesel car could witness an increase in prices as high as Rs 50,000-1,50,000 which could eventually hamper sales.

Dec 25, 2018

After US, European nations mooting ban on Huawei over data security concern

A series of ban in the European countries could lead to a financial crisis in Huawei as it is the largest market of the company outside China.

Dec 25, 2018

Modi govt eyeing GST regime with a single slab, says Arun Jaitley

Maximum 28 per cent category a 'dying slab' as most items now moved to two middle slabs; priority to bring cement down to 18 per cent slab.

Dec 25, 2018

Nifty, Sensex slip on global cues; financials drag

Indian shares edged lower on Monday, in line with broader Asian markets, as political uncertainties in the U.S. and slow global economic growth dampened investor risk appetite.

Dec 24, 2018

Gold rises as investors shy away from risk amid US political uncertainty

Gold prices climbed on Monday, with investor appetite for risk curbed by worries over a partial US government shutdown, Sino-US trade tensions and faltering global economic growth.

Dec 24, 2018

Key Indian equity indices open in green

The Sensitive Index (Sensex) of the BSE, which had closed at 35,742.07 on December 21, opened higher at 35,859.66 points.

Dec 24, 2018

Carlos Ghosn detention extended over Christmas and New Year

The court's decision is the latest twist in a rollercoaster saga that has gripped Japan and the business world since the auto sector titan was arrested out of the blue in Tokyo on November 19.

Dec 23, 2018