Business news

Workers reject junior partner role for Thyssenkrupp in Tata JV

Thyssenkrupp reportedly aimed to hold less than half of the potential venture so it can deconsolidate the business from its balance sheet.

Jul 3, 2017

Iran to sign major gas deal worth $4.8 billion with French energy firm Total

A spokesman for Total confirmed the company will sign the contract to produce gas for the Iranian market from 2021.

Jul 3, 2017

Markets give thumbs-up to GST; Sensex gains 300 points, ITC top gainer

The first day of trading saw benchmark indices Sensex and Nifty end with 1 percent gain; ITC was the biggest gainer, followed by Hero Motocorp.

Jul 3, 2017

ONGC-led consortium offers $11 billion to Iran for Farzad-B gas field: Report

The offer involves $6 billion for developing the gas field and the remaining amount to build a liquefied natural gas export facility,according to a report.

Jul 3, 2017

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NMCE-ICEX merger to create India's 3rd largest commodity exchange

ICEX shareholders will hold 62.8 percent stake and NMCE shareholders, 37.2 percent, in ICEX, post merger.

Jul 3, 2017

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GST impact: Fears of prices rising are "misplaced", says Shaktikanta Das

Don't pick up 5 items and say prices have gone up, says former economic affairs secretary on GST

Jul 2, 2017

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GST impact: Consumer durables burden may not be passed on to consumers

The consumer durables industry expects only a marginal price revision despite highest tax slab of 28%

Jul 2, 2017

GST, 7th Pay Commission can buoy up headline inflation

Over time, GST can help lower inflation if tax cuts are passed on to consumers, and the input tax credit mechanism works smoothly.

Jul 2, 2017

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GST impact, global cues to set market trajectory

Besides GST rollout, key macro-economic data points like the eight core industries (ECI) figures, external debt and fiscal deficit data will influence the domestic equity markets in the upcoming week.

Jul 2, 2017

An Apple pie less pricy: iPhone, iPad rates take slice-downs on GST effect

7.5 percent cut on prices of all iPhone models in India; Apple Watch and Mac prices too take a fall.

Jul 1, 2017

Infosys appoints D Sundaram as independent director

The former vice-chairman of Hindustan Unilever Limited heads TVS Capital Funds.

Jul 1, 2017

Banging the buck: Modi govt slashes PPF, NSC rates to 7.8%

The Senior Citizen's Savings Scheme and Sukanya Samriddhi Yojana will now offer 8.3 percent. Both schemes were earlier offering 8.4 percent.

Jul 1, 2017

Down to earth: Govt slashes GST rates on fertilisers from 12% to 5%

Prices to fall marginally with uniform MRP of Rs 295.47 per 50 kg bag expected to be fixed across the country.

Jul 1, 2017

All froth, no growth: Vijay Mallya never planned to repay Kingfisher loan, says CBI

Agency accuses him of seeking a SBI loan on the Kingfisher brand using deliberately exaggerated financials, different from that supplied to lending banks earlier.

Jun 30, 2017