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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

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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

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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

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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

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MMRDA invites bids for 2 more metro lines project in Mumbai

Once the contract is awarded, the work is expected to begin around May-June 2017.

Jan 5, 2017

Opposition meets CEC Nasim Zaidi, demands Budget Session 2017 be held after March 8

The Opposition is against the Centre's decision to present the Budget on February 1 — two days before the assembly polls in Punjab and Goa.

Jan 5, 2017

Bajaj Auto workers' union threatens hunger strike at Akurdi plant in Pune over 'anti-worker activities'

The union accused the management of harassing its members and also demanded to reinstate eight workers dismissed two years back.

Jan 5, 2017

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Next generation malaria vaccine trial passes first hurdle with strong results

A ‘next generation’ vaccine for malaria has shown success in its first human trial. The phase 1 study saw a strong immune response in 10 healthy volunteers. The vaccine was created by genetically engineering the malaria parasite to make it weaker. Scientist removed the three genes needed for it to successfully infect and cause disease in humans. None of the participants developed malaria symptoms, and showed a strong protective antibody response.

Jan 5, 2017