Business news

Jet fuel price hike likely to deal a blow to passengers, air carriers

The 9.2 percent hike in jet fuel price came into effect from Wednesday.

Jun 1, 2016

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LinkedIn bets big on India, 'open' to buying Indian start-ups

India is the second-biggest market for LinkedIn, with a user base of 35 million, after U.S.

Jun 1, 2016

car sales monthly car sales siam domestic car sales car traffic delhi highway traffic

Domestic car sales in May: How Maruti Suzuki, Hyundai, Mahindra, Renault India, Honda performed

Maruti Suzuki, Hyundai, Mahindra, Renault reported moderate-to-high growth while Honda saw car sales declined in May.

Jun 1, 2016

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BSE Sensex was Asia's best-performing index in May

The Sensex gained 4 percent in May, despite reversing the five-day winning streak on Tuesday and losing 57 points.

May 31, 2016

SoftBank Corp. Chief Executive Masayoshi Son

SoftBank's investment in India may exceed $10 billion over next decade

The Japanese telecom and internet firm has so far invested about $2 billion in Snapdeal, Ola, Oyo and Grofers, among others.

May 31, 2016

Online ads to be taxed 6% from June 1, says govt

The idea behind equalisation levy was to indirectly tax the internet giants for the money they make from Indian advertisers.

May 31, 2016

GoAir to receive delivery of Airbus neo this week; plans listing

According to airline officials, the fuel efficient Airbus A320 neo aircraft will be operational by next week.

May 31, 2016

bse bombay stock exchange building bse stocks indian equities markets rally

Bombay Stock Exchange may sell about 30% stake by March 2017

BSE hopes to raise about Rs. 1,300 crore from the stake sale, Mint reported.

May 31, 2016

gold jewellery gold prices gold purchases akshay tritiya WGC world gold council

1% tax on cash purchase of gold jewellery rolled back

The 1 percent tax was earlier imposed on cash purchases of gold jewellery of up to Rs. 2 lakh; it has now been restored to Rs. 5 lakh from June 1.

May 31, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm to hive off its marketplace operations: Report

Paytm expects the orders on its e-commerce marketplace to grow from two million a month to five million by March 2017, Mint reported.

May 31, 2016

SBI now owns largest point-of-sale terminal network in India

With the largest network of point-of-sale terminals, SBI is now focusing on emerging technologies to penetrate into the micro-merchant segment.

May 30, 2016

l&t infotech larsen toubro job offers withdraws offer letters jobs recruitment campus

L&T Infotech withdraws offer letters to 1,500 engineering students from Tamil Nadu: Report

The students said that L&T Infotech withdrew the offer letters saying their "performance was not up to the mark".

May 30, 2016

sahara group sahara land subrata roy sahara samay sahara parivar

Sahara Group's 4700-acre land sale could yield Rs. 6,500 crore

HDFC Realty and SBI Capital Markets have put 4,700 acre of land belonging to Subrata Roy-led Sahara Group on sale.

May 30, 2016

AirAsia has had $1 billion takeover offer for leasing unit: Report

Chinese companies are seeking to grow aggressively in the leasing industry that provides about 40 percent of the planes used by airlines globally.

May 30, 2016

Telcos using new technology to artificially connect calls, mask call drops

Telecom operators are using a radio-link technology to show a call as connected even as the network connection is lost.

May 29, 2016

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