Business news

Karnataka High Court orders winding up of United Breweries (Holdings) Ltd

IAE International Aero Engines had sought recovery of dues by Kingfisher Airlines, promoted by United Breweries (Holdings) Ltd.

Feb 7, 2017

Can NBFCs fill the void as banks' appetite to lend deteriorates after NPA woes?

NBFCs have built substantial AUM in the personal loan and housing finance segments, which so far have been the bread and butter for retail banks.

Feb 7, 2017

Spammed! India faces maximum IP blocks as spam emails globally rise to record levels

A Cisco study finds that more than one-third of organisations that have been subject to a cyber attack lost 20% of revenue or more.

Feb 7, 2017

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PVR Q3 results and earnings call: Movie goers spent less on tickets, food due to demonetisation

Brokerage Nirmal Bang analyses the third quarter (Q3) results of multiplex owner PVR and gives its rating.

Feb 7, 2017

Apple pushed to 4th place in China; Oppo, Huawei and Vivo grab first 3 slots

Apple's share in China's smartphone market declined both for Q4 as well as for 2016 amid competition from local players Huawei, Oppo and Vivo.

Feb 7, 2017

RBI forced banks to grant loan to Kingfisher Airlines violating its own rules

Knowing well that KFA fell under the category of sub-standard assets, top RBI officials asked banks to loan more to the airline.

Feb 7, 2017

Bharti Airtel files counter complaint with CCI against Reliance Jio over predatory 4G free data offer

Bharti Airtel has now filed a counter complaint with the CCI, alleging that Reliance Jio's free 4G data is predatory in nature.

Feb 7, 2017

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Ujjivan Small Finance Bank commences banking operations

The RBI had issued licences to 10 entities, including Ujjivan Financial Services, in September 2015 to start small bank operations.

Feb 6, 2017

US court refuses to reinstate Trumps controversial travel ban executive order

Facebook, Apple, Google and Microsoft file opposition against Donald Trump's immigration ban

The tech giants have argued that the ban imposes significant burdens on the industry by not allowing firms to hire talents from countries under entry ban.

Feb 6, 2017

Sahara case: SC orders attachment of Aamby Valley

The apex court ordered Sahara to furnish a list of properties that were free from litigation and mortgage so that they can be attached for public auction.

Feb 6, 2017

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ICICI Prudential Life shares hit new 52-week high, ICICI Bank gains 3.4%

ICICI Bank and ICICI Prudential Life Insurance post good gains on Monday (Feb 6), outperform BSE Sensex, NSE Nifty.

Feb 6, 2017

Why LIC offering 8% interest rate on FDs for senior citizens is bad news for banks

LIC, apart from the post office, offering a higher interest rate would mean banks may not be able to lower their deposit rates from current levels.

Feb 6, 2017

elss, mutual fund investments, mf investment, sip investment, deduction u/s 80c, tax planning, stock market returns, income tax returns

ELSS could see spike in inflows after slowdown in December 2016

Net inflows into ELSS, which qualify for deduction u/s 80C, dipped after rising from July 2016 to November 2016, reveals Amfi data.

Feb 6, 2017

Cochin Shipyard may buy controlling stake in debt-laden ABG Shipyard

Shapoorji Pallonji and Co. Ltd., which was also in the race to buy a stake in ABG Shipyard, has apparently backed out of the discussions.

Feb 6, 2017

SC orders Central government to frame rules to stop SIM card misuse

The Centre has told the apex court it will link all SIM cards to Aadhaar cards within a year.

Feb 6, 2017

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Business news

Karnataka High Court orders winding up of United Breweries (Holdings) Ltd

Can NBFCs fill the void as banks' appetite to lend deteriorates after NPA woes?

Spammed! India faces maximum IP blocks as spam emails globally rise to record levels

PVR Q3 results and earnings call: Movie goers spent less on tickets, food due to demonetisation

Apple pushed to 4th place in China; Oppo, Huawei and Vivo grab first 3 slots

RBI forced banks to grant loan to Kingfisher Airlines violating its own rules

Bharti Airtel files counter complaint with CCI against Reliance Jio over predatory 4G free data offer

Ujjivan Small Finance Bank commences banking operations

Facebook, Apple, Google and Microsoft file opposition against Donald Trump's immigration ban

Sahara case: SC orders attachment of Aamby Valley

ICICI Prudential Life shares hit new 52-week high, ICICI Bank gains 3.4%

Why LIC offering 8% interest rate on FDs for senior citizens is bad news for banks

ELSS could see spike in inflows after slowdown in December 2016

Cochin Shipyard may buy controlling stake in debt-laden ABG Shipyard

SC orders Central government to frame rules to stop SIM card misuse

Infiltration bid foiled on LoC; arms, narcotics recovered from killed terrorist [details]

Omar 'disagrees' with his father on "The Kashmir Files" role in igniting violence [details]

Month after CBI raids, senior IAS officer of J&K transferred to Mizoram [details]