Business news

Nifty, Sensex echo weakness in Asia; domestic investors await state election results

Asian shares fell as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. An inverted U.S. yield curve also raised concerns about a possible recession.

Dec 4, 2018

McDonalds to drop antibiotics in chicken supply

Poultry exports from India to get a boost with ban on growth drugs

Government plans to ban use of weight gain antibiotics in chicken in line with international practices

Dec 4, 2018

Amazon briefly edges out Apple as most valuable company on Wall Street

Amazon rose by 4.7 percent at one point, putting its market capitalization at $865.0 billion. At the same time, Apple traded up 2.1 percent, giving it a market capitalization of $864.8 billion.

Dec 4, 2018

World Bank to raise $200 billion to fight climate change

The latest OECD data shows that in order to fight climate change, developed countries have given their commitment to infuse a combined annual public and private spending to $100 billion in developing countries by 2020

Dec 3, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

Modi govt plans rationalisation of customs duty structure

Regulations will mirror GST and reduce interaction between traders and officers with online clearance facility

Dec 3, 2018

HUL buys Horlicks from GSK in India's largest consumer goods deal

Unilever approves merger of Indian business in $3.8bn deal with GSK which will get 5.7% HUL stake

Dec 3, 2018

Financial crunch forces Jet Airways to reduce operations on Gulf routes

The airlines will trim its flight operations to Dubai, Abu Dhabi, Doha and Muscat including routes Kozhikode-Thiruvananthapuram, Doha-Kochi, Abu Dhabi-Mangalore, Mangalore-Dubai, Delhi-Muscat and Abu Dhabi-Lucknow.

Dec 3, 2018

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Sensex opens 200 points up amid easing US-China trade tension

The Sensex of the BSE opened at 36,396.69 from its previous close at 36,194.30 on Friday. At 9.26 a.m., the Sensex traded at 36,337.41 higher by 143.11 points or 0.40 per cent.

Dec 3, 2018

Markets may take a pause to consolidate recent gains

Traders watchful of US-China trade truce impact on crude and rupee and domestic election results.

Dec 3, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Market optimism trumps uncertainties in November

Technical experts expect continuing bull run through December barring a disastrous state election result for the Modi government.

Dec 1, 2018

Anil Ambani's debt-ridden RCom gets court breather in deal with Mukesh's Reliance Jio

Department of Telecommunication (DoT) had sought bank guarantee worth Rs 2,950 crore against the outstanding spectrum charges that RCom owed it.

Dec 1, 2018

Disruptor to predator? Hoteliers to launch legal action against Oyo

The Budget Hotel Association of Mumbai is in the forefront of forming a nationwide lobby of hoteliers against Oyo.

Dec 1, 2018

A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York

Johnson & Johnson faulty hip implants case: Health ministry approves compensation

The product was recalled in 2010 globally after the multiple complaints of follow up surgeries due to complications such as infections and metal leaching.

Nov 30, 2018

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Sensex, Nifty trade flat; rupee gains

Financials, oil and gas stocks witnessed selling pressure on the BSE while telecom stocks traded flat. In contrast, IT, realty, Teck (technology, entertainment and media) stocks outperformed the benchmark index, gaining 1-2 per cent.

Nov 30, 2018

SBI account holder? Here's why you are denied internet banking from December 1

It is mandatory to register an account holder's mobile number to avail internet banking services. November 30 is the last day for State Bank of India account holders to register a phone number for uninterrupted online banking service from December 1.

Nov 30, 2018