Business news

Maharashtra, AP and Telangana competing to woo Elon Musk for Tesla Gigafactory

Their chief ministers are competing to offer lucrative opportunities such as SEZs, port access and other concessions.

Nov 30, 2016

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI puts cap on withdrawals from Jan Dhan accounts

In a bid to protect rural people from being used for any money laundering activity, the central bank has put a withdrawal limit of Rs 10,000 per month.

Nov 30, 2016

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Ratan Tata's half-brother Noel Tata may become the next Tata Sons chairman

Noel has emerged as the top pick among other internal candidates TCS CEO N Chandrasekaran and Jaguar Land Rover CEO Ralf Speth.

Nov 30, 2016

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Demonetisation: Advance salary, prepaid cards by employers to beat cash crunch blues

Digital and advance payments of salary are the major ways in which employers are making payouts to employees.

Nov 30, 2016

Sensex jumps over 100 points ahead of GDP data; ICICI Bank, Maruti stocks spurt

The rallying is said to be due to domestic institutional investors amid expectations of positive GDP data to be released later in the day.

Nov 30, 2016

Marico retail shops retail stores retail showroom FMCG

GST rollout to be another disruptor after demonetisation: Marico

The chairman of the domestic FMCG firm said the government is trying to do many things within a short period of time.

Nov 30, 2016

Fiat Chrysler heir fakes kidnapping with transgender escort for drug money

He had a "two-day drugs and alcohol bender with an escort" and when he needed cash to buy drugs he decided to fake his own kidnapping.

Nov 30, 2016

Oil prices edge up in nervous trading ahead of OPEC meeting

Iran and Iraq are resisting pressure from Saudi Arabia to curtail production, making it hard for the group to reach a deal.

Nov 30, 2016

Morgan Stanley cuts Flipkart's valuation for the fourth time in 9 months

Morgan Stanley's mutual fund marked down the valuation of Flipkart by 32.8 percent at $5.54 billion.

Nov 30, 2016

Apple Campus 2: Drone video of spectacular Spaceship HQ

A new drone video has been released showing that Apples new headquarters, Campus 2, is nearing completion. The drone video from David Sexton shows the huge size of the spaceship building in Cupertino, California, where 12,000 employees will work once they move in early 2017.

Nov 29, 2016