Business news

Drastic lending rate cuts to squeeze banks' net interest margins, say brokerages

Analysts expressed surprise at the quantum of MCLR cuts by banks and said the implication is likely to be negative for both banks as well as NBFCs.

Jan 3, 2017

Oil prices rise as hopes soar over OPEC-non-OPEC deal to slash production

The deal, which was agreed on in November to reduce output by almost 1.8 million barrels daily, officially came into force on Jan 1

Jan 3, 2017

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Budget Session of Parliament to begin from January 31

The Economic Survey to be presented on the same day followed by the General Budget on February 1.

Jan 3, 2017

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Bitcoin rings in new year with a bang

Digital currency Bitcoin rose to a three-year high to breach the $1,000 mark, indicating brisk trading ahead.

Jan 2, 2017

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Tata Steel, M&M, Tata Motors, Maruti Suzuki top Sensex gainers; December PMI Manufacturing shrank for the first time in 2016

Sensex ended Monday's trade with losses but Tata Steel, Maruti Suzuki, Mahindra and Tata Motors gained; Manufacturing PMI for December slipped below 50.

Jan 2, 2017

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Budget 2017: Railway coolies to get provident fund, pension benefits

The BJP government is planning to bring railway porters under the social security net of EPFO scheme.

Jan 2, 2017

royal enfield sales in december, domestic car sales in december, bajaj auto, tvs motor, hero motocorp

Royal Enfield two-wheeler sales rise in December; Bajaj Auto posts fall

Eicher Motors, which makes Royal Enfield motorcycles, and Bajaj Auto announced December two-wheeler sales on Monday.

Jan 2, 2017

Foxconn to set up Apple products manufacturing unit in Gujarat

The announcement is likely to be made during Vibrant Gujarat Global Summit 2017 in January.

Jan 2, 2017

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State Bank of India cuts interest rates on home loans to 6-year low

Earlier, India's largest lender SBI had cut interest rates by up to 90 basis points in MCLR effective from January 1, 2017.

Jan 2, 2017

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Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else.

Jan 2, 2017

domestic car sales in december, tkm car sales, maruti suzuki car sales, hyundai car sales, demonetisation

Domestic car sales in December: How Maruti Suzuki, Hyundai, Mahindra, Renault, Toyota Kirloskar Motor (TKM) fared

Maruti Suzuki, Hyundai, TKM, Mahindra, Renault declare car sales data for December 2016; Vitara Brezza limits damage for MSIL.

Jan 2, 2017

Budget 2017: Increasing income tax exemption limit to Rs 5 lakh will revive demand, says Deloitte survey

The survey also highlighted that the National Pension Scheme withdrawal should be non-taxable just like the Provident Fund.

Jan 1, 2017

Merger and Acquisition: Here are the top 5 recent business deals

From Samsung's acquisition of Harman to the Symantec-Lifelock deal, here are the five takeover bids towards the end of 2016.

Jan 1, 2017

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Happy New Year 2017: Will Sensex, Nifty respond positively to PM Modi's sops?

Investors would hope for a bullish Sensex and Nifty trend; PM Modi's speech puts bank, real estate, home loan stocks in focus.

Jan 1, 2017

Did PM Modi deliver a budget speech on New Year's Eve? These leaders think so!

The reason why Narendra Modi is being slammed is because he announced a few steps that are not usually seen outside a budget speech.

Jan 1, 2017

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