Business news

UCO Bank fraud: Shares plunge 18% after CBI booked ex-chairman

UCO Bank shares plunged nearly 18 percent Monday after the CBI booked Arun Kaul, former chairman-cum-managing director of the bank in Rs 6.21 billion loan fraud case.

Apr 16, 2018

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India on currency manipulator watchlist: Should we be worried?

The Indian currency is now added to the 'watch list' of nations that may be intervening excessively in their foreign exchange markets and distorting trade flows.

Apr 16, 2018

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Idea, Vodafone may fire thousands of employees: Report

The merger of Idea and Vodafone could result in the loss of jobs for about a fourth of the telcos' combined 21,000-strong workforce in the next few months.

Apr 16, 2018

Gear up for costliest Akshaya Tritiya as gold surges past Rs 32,000 mark

Market experts believe gold prices will remain firm ahead of Akshaya Tritiya festival when buying gold is considered auspicious.

Apr 16, 2018

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Sovereign Gold Bond scheme 2018-19 issue opens April 16: Know all details

The first tranche of Sovereign Gold Bond scheme for the current year 2018-19 will open for subscription from April 16 to April 20.

Apr 14, 2018

Looking for early income tax refund? Just follow these 5 steps

How quickly you receive your tax refund depends on when you file your taxes, how you choose to file, and, now, what credits and deductions you might claim.

Apr 14, 2018

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Infosys' Q4 results draw mixed analyst reaction

The Bengaluru-based company plans to give a special dividend of Rs 10 per share over and above the final dividend of Rs 20.5.

Apr 14, 2018

Coinsecure bitcoin theft: Exchange announces Rs 2 crore reward

Indian cryptocurrency exchange Coinsecure announces 2 crore reward to recover lost bitcoins and promises refund in 15 days to the investors.

Apr 14, 2018

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Markets weekahead: Infosys, Fed speeches, Inflation data, Earnings

The Indian markets will focus on political and trade tensions in the U.S., reaction to Infosys results, macro-economic data and a slew of Fed speeches in the coming week.

Apr 14, 2018

Infosys Q4 results: Profit falls 28%

Infosys reported a 28 percent sequential fall in net profit to Rs 3,690 crore in the fourth-quarter results (ended on March 31) Friday.

Apr 13, 2018

H1-B visa applications down again but way more than annual cap

The U.S. Citizenship and Immigration Services received 190,098 H-1B petitions during the filing period, down from 199,000 applications in 2017.

Apr 13, 2018

Overseas money transfer: RBI to monitor remittance under LRS

The Reserve Bank of India has tightened its regulation norms on Liberalised Remittance Scheme under which an individual can transfer up to $2,50,000 abroad in a year.

Apr 13, 2018

Amazon smartphone deals: Big discounts planned to woo Flipkart customers

As Flipkart bagged close to 51 percent of online smartphone sales last year, Amazon plans to cut prices and increase spending to increase its market share.

Apr 13, 2018

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Bitcoins worth Rs 20 crore stolen from Indian cryptocurrency exchange Coinsecure

According to Coinsecure, the funds were lost while their CSO Amitabh Saxena was extracting Bitcoin Gold to distribute to their customers.

Apr 13, 2018

Bitcoin is more likely to drop to $100 than to hit $100,000 over the next 10 years

Bitcoin soars most since December: Are bulls back in the game?

The world's largest cryptocurrency climbed 12 percent as of 8 a.m. India time, piercing both the $7,000 and the $8,000 levels in the previous session.

Apr 13, 2018