Business news

Lower transaction fee not to impact banks: Indian Banking Association

In a notification on Friday, RBI lowered charges on transactions up to Rs 2,000 to encourage digital payments.

Dec 17, 2016

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IHCL, Tata Steel prepare for EGMs to remove Cyrus Mistry, Nusli Wadia; how to do e-voting

IHCL and Tata Steel hold EGMs at the behest of Tata Sons to seek shareholders' approval to oust Cyrus Mistry, Nusli Wadia.

Dec 16, 2016

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India's sugar production rises 11% in season 2016-17 till December 15: ISMA

Estimates by India's sugar industry body ISMA say that production for 2016-17 will be 234 lakh tonnes.

Dec 16, 2016

PayPal and Paytm go to war in battle of the logos

The complaint by PayPal says that Paytm "slavishly adopted the two-tone blue colour scheme" of the trademarked PayPal logo.

Dec 16, 2016

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Sensex, Nifty post biggest weekly fall in a month

The US Federal Reserve's hawkish outlook on rate hikes for the next year weighed on investors' sentiments.

Dec 16, 2016

Arnab Goswami's announcment of his new venture 'Republic' steals thunder from appointment of new Times Now editor-in-chief Rahul Shivshankar; Twitterati reacts

Rahul Shivshankar has replaced Arnab Goswami as the editor-in-chief of Times Now.

Dec 16, 2016

Listing of Godrej Agrovet likely next fiscal

The private company plans to go public post implementation of goods and services tax next financial year.

Dec 16, 2016

India's gold imports fall 30% till November in FY2016-17

In the first eight months (April-November) this year, gold imports into India dropped by $6.9 billion, or 30.5 percent.

Dec 16, 2016

Sun Pharma completes acquisition of US-based eye care specialist Ocular Technologies

Sun Pharma acquired 100 percent stake in Ocular Technologies from private equity firm Auven Therapeutics for $40 million.

Dec 16, 2016

Cognizant to acquire Australian insurance consultancy Adaptra

The latest announcement of acquisition comes less than a month after the IT major agreed to buy Dutch digital marketing company Mirabeau.

Dec 16, 2016

Narendra Modi govt approves 100% disinvestment of Pawan Hans

The Centre has 51 percent stake in the New Delhi-based helicopter service company incorporated in 1985.

Dec 16, 2016

Amazon Prime India launch set to hit growth of DTH operators in streaming era

With live streaming services at very competitive prices, the entry of Amazon Prime and Netflix may negatively impact domestic DTH operators.

Dec 16, 2016

Telenor plans to sell India business to Idea Cellular: Report

The deal would include Idea Cellular taking over all the liabilities of the Norway-based telecom operator.

Dec 16, 2016

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Banking, metal stocks keep indices under pressure; Hindalco major loser

Trade in the market remained range bound in the absence of any visible triggers on Friday afternoon.

Dec 16, 2016

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Nusli Wadia files Rs 3,000 crore defamation lawsuit against Tata Group

Nusli Wadia is seeking a compensation of Rs 3,000 crore after he was accused of "acting in concert" with Cyrus Mistry.

Dec 16, 2016

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