Business news

Jet Airways to shift domestic ops to Mumbai airport's T2 terminal

The move would integrate the airline's domestic and international operations and reduce time and cut costs.

Mar 1, 2016

February auto sales: Renault India car sales up 158%, driven by Kwid

The company sold 8,834 units in February 2016 in India as against 3419 units in February last year.

Mar 1, 2016

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EU referendum: Brexit worries offer British bargains to investors

There are plenty of opportunities for investors to capitalise on fears that Britain will leave the EU.

Mar 1, 2016

Feb. passenger car sales: Mahindra sees 26% growth; Hyundai records 9% rise

The company said that the increase in infrastructure cess in the Budget would "increase the prices of automative products immediately."

Mar 1, 2016

Sensex, Nifty post huge single-day gain in two years; share prices of IOC, BPCL, HPCL spurt on fuel price hike

The shares of Indian Oil Corporation, HPCL and BPCL closed with gains of 3.20 to 5 percent.

Mar 1, 2016

Sensex rebounds by 777 points on RBI rate cut expectations

The status quo on the fiscal consolidation path will enable the RBI to cut interest rates in the coming months.

Mar 1, 2016

First-time home buyers to get additional tax benefit from April 2016

According to experts, first-time home buyers in non-metro cities will gain most from the tax benefit.

Mar 1, 2016

Walmart, Tesco to benefit from 100% FDI in multi-brand processed food retailing

The companies will need to get clearance from the Foreign Investment Promotion Board to own 100 percent stake in a business.

Mar 1, 2016

Yahoo says may write down goodwill value of Tumblr

Yahoo said earlier in the month it took a $230 million impairment charge related to Tumblr.

Mar 1, 2016

Red faces, raised voices over late hitch in Foxconn's Sharp deal

Foxconn had asked Sharp to delay voting on a deal as it had just received "new information" from Sharp that it needed to clarify.

Mar 1, 2016

Budget 2016: Will higher FDI cap in stock exchanges help BSE get listed?

The proposal to raise the FDI limit from five percent to 15 percent could pave the way for BSE's listing next fiscal.

Feb 29, 2016

Budget 2016: Markets give thumbs down; Nifty closes below 7,000

The Sensex and Nifty had gained last year.

Feb 29, 2016

Budget 2016: Gold prices rise as FM Arun Jaitley leaves import duty unchanged

However, the government proposed a slew of exemptions for investment under the gold schemes announced last year.

Feb 29, 2016

Budget 2016 'in line' with India's rating: Moody's

The comments from the rating agency come in the wake of Jaitley sticking to fiscal deficit target of 3.5 percent for the next fiscal year.

Feb 29, 2016

Budget 2016: FM Arun Jaitley's nine pillars to 'tranform India'

The nine pillars include financial reforms and commitment to fiscal discipline.

Feb 29, 2016

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