Business news

Budget 2016: MPs want income tax exemption limit for individuals to be raised to Rs 4 lakh

The suggestion was made at the first meeting of the consultative committee attached to the union finance ministry on Friday.

Feb 6, 2016

Govt to create $1.25 billion fund to finance renewable energy projects

A Mint report said the fund will assist in ramping up clean energy generation to 175GW by 2022.

Feb 6, 2016

Vijaya Bank Q3 net profit rises sharply on higher net interest income

The state-run bank's net interest income rose 33 percent, enabling it to post 41 percent increase in net profit.

Feb 6, 2016

Budget 2016 to make provisions for OROP, pay panel recommendations: Arun Jaitley

The finance minister expressed confidence that the government would be able to meet the fiscal deficit target in the current financial year.

Feb 6, 2016

Indian Railways' income to grow by 50% over 5 years, says Suresh Prabhu

Prabhu said India's growth prospects "makes it all the more compelling to invest in railway."

Feb 6, 2016

India's foreign exchange reserves rise $1.58 billion to $349.15 billion

The increase was mainly due to an increase in foreign exchange assets.

Feb 5, 2016

Kya Kool Hain Hum 3 stars Tusshar Kapoor, Mandana Karimi, Aftab Shivdasani

Balaji Telefilms reports Rs 6.62 crore profit in Q3; to raise Rs 150 crore in private placement

The company will use the proceeds of the issue in expanding its B2C digital content business.

Feb 5, 2016

Snapdeal to cut ties with Aamir Khan as brand ambassador: Report

The contract was extendable by a year, but the company decided against it, the Economic Times reported.

Feb 5, 2016

Bank, pharma stocks lead rally as Sensex jumps 278 points

Lupin gained 9.82 percent, while Canara Bank closed 6.93 percent higher on the NSE.

Feb 5, 2016

Adani Power likely to set up $2.2 billion plant in Jharkhand: Report

Adani Power plans to double its power generation capacity in India to 20,000 MW by the end of this decade.

Feb 5, 2016

India's e-commerce to generate 2.5 lakh jobs in 2016: Assocham

Mobile-commerce, or m-commerce, is expected to grow rapidly in the country as businesses look to gain more market share.

Feb 5, 2016

PS4 sales to help improve Sony's profitability: Fitch Ratings

However, Fitch expects Sony's mobile profitability to remain fragile on account of slower growth and increased competition in the global smartphone market.

Feb 5, 2016

Market rout compels 6 firms to delay IPOs

The Financial Express reported that some firms might even contemplate trimming their issue size.

Feb 5, 2016

Baba Ramdev's Patanjali emerges India's top brand, pips Cadbury, Parle

Patanjali Ayurved was rated as India's top brand by BARC India, a television audience viewership measurement agency.

Feb 5, 2016

IKEA plans 4 stores in Karnataka valued at Rs 2,000 crore

The four IKEA stores in Karnataka will provide employment to 2,000 people.

Feb 5, 2016

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