Business news

Ministries favour scrapping of 5/20 civil aviation rule

If the 5/20 rule is scrapped, new airlines such as Vistara, AirAsia India and Go Air stand to benefit, reports the Economic Times.

May 13, 2016

Sensex, Nifty fall on global cues, weak inflation data

Sensex and Nifty were in the red on Friday tracking weak inflation, factory output figures and fall in Asian equities.

May 13, 2016

Two pharma firms challenge govt's decision on drug price revision in Delhi High Court

Since March, the National Pharmaceutical Pricing Authority has brought more than 800 essential drugs under price control.

May 13, 2016

SWIFT says second bank hit by malware attack

It was not immediately clear how much money, if any, was stolen in the second attack.

May 13, 2016

Amazon, Flipkart and others flouting FDI norms, say retailers while demanding ED probe

Most marketplace firms are selling to customers directly, without revealing if they inventoried goods or offered deep discounts using foreign funds.

May 12, 2016

UK govt puts out white paper on BBC's new role

The once-in-11-years charter renewal may see the BBC with a new mission statement and a new external independent regulator.

May 12, 2016

hudco, ipo, hudco ipo, home loans, real estate, home loan interest rates, india

PNB Housing Finance net profit rises 66% in FY16

Net profit was Rs. 326 crore in FY16 while total income grew 52 percent to Rs. 2,697 crore, PNB Housing Finance said.

May 12, 2016

IOC BPCL india petrol diesel fuel stations retail fuel petrol bunk HPCL reliance essar

BPCL, HPCL, IOC to continue domination in fuel retail space: IDFC Securities

Essar and Reliance will remain marginal players even as state-run OMCs retain their dominance, according to the research firm.

May 12, 2016

France makes 'final offer' of $8.56 billion in Rafale fighter jet deal

In addition to this, India and France are also negotiating the price for the support package of the fighter jets.

May 12, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil prices fall as Canadian oil sands fields gradually return

International Brent crude futures were trading at $47.13 per barrel at 0143 GMT on Thursday, down 47 cents, or 1 percent.

May 12, 2016

India to complain on US' violations of WTO treaties

The U.S.'s initiatives, like renewable energy programmes and priority watch list, are inconsistent with many WTO agreements.

May 11, 2016

DTAA with Mauritius: Indian firms with high FII holding at risk, says report

Indian firms in which FIIs hold more than 33 percent saw their shares react to the amendment to the DTAA with Mauritius, says ET report.

May 11, 2016

Supreme court extends Subrata Roy's parole till July 11

The conditional release is warranted on a rider that Roy will deposit Rs. 200 crore with Securities Exchange Board of India.

May 11, 2016

SC strikes down TRAI's call-drop penalty

The apex court noted the regulation order of the Telecom Regulatory Authority of India was "arbitrary and unconstitutional."

May 11, 2016

Zee Entertainment, DCM Shriram spurt on BSE after upbeat March-quarter results

Zee Entertainment ad revenues rose 29 percent while DCM Shriram's sugar business saw a turnaround, putting the firm back in the black.

May 11, 2016

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