Business news

Vijay Mallya's confiscated shares worth Rs 100 crore transferred to govt: Report

The ED is in a process of confiscating assets of Mallya in connection with the defaulted loan of over Rs 6,000 crore by Kingfisher Airlines.

Sep 18, 2017

AirAsia takes premium seat comfort to a whole new altitude

AirAsia has rolled out the red carpet for its passengers with Word's Best Low-Cost Airline premium cabin & seat.

Sep 18, 2017

Just 2 potential bidders in the fray for Rs 37,392-cr Aamby Valley project

The super luxurious Aamby Valley resort town was put up for a Supreme Court-ordered auction by the official liquidator.

Sep 17, 2017

GoM admits that network glitches stymied GST filing

Sushil Kumar Modi-led GoM gives Infosys a month to fix glitches, mandates that team will review progress every fortnight.

Sep 17, 2017

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No further extension in filing returns under GST: Government

July returns are to be filed by October 10 under GSTR1, October 31 under GSTR2 and November 10 under GSTR3.

Sep 17, 2017

Investors richer by Rs 62,156 crore as 9 of top 10 companies grow market cap

RIL, the most valued company on the bourses, saw its market capitalisation surge by Rs 17,074.13 crore to Rs 5,48,583.78 crore.

Sep 17, 2017

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SBI to review Rs 5,000 minimum balance rule, rollback unlikely

The bank came under attack over the rule both from media and politicians as they felt that accounts opened by students and the underprivileged were subjected to penalties for holding a lower balance .

Sep 17, 2017

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GST recoil: Exporters say higher costs hit orders, exports drop 15% till October

Costs rise 1.25 percent as govt delays duty refunds; resulting liquidity crunch forces exporters to postpone shipments.

Sep 16, 2017

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Zomato turnaround: Nomura values Zomato at $1.4 billion

Nomura's view came at a time when the food startup is in advanced discussions with an Alibaba affiliate to raise funds.

Sep 16, 2017

GST: Rs 65,000 crore credit, CBEC to scrutiny claims value over 1 crore

CBEC has directed tax officials to verify GST transitional credit claims of 162 entities, whose claim valuation is over Rs 1 crore.

Sep 15, 2017

Pain pills and brand fever: Draft pharma policy comes with few blockbusters

Strict audits of manufacturing plants will deter impostors, but doctors and third party manufacturers stand to lose out

Sep 15, 2017

Crypto crash: Bitcoin nosedives 50% in India in just 13 days

Bitcoin and newer rivals like Ethereum and Litecoin have in recent times been fighting a losing battle against regulators.

Sep 15, 2017

How state-owned BHEL will benefit from bullet train project

The project will be a joint venture between India's state-run manufacturer and Japan's Kawasaki Heavy Industries (KHI), together they will produce the rolling stock for the bullet train project.

Sep 15, 2017

Amazon likely to set up more warehouses in India to meet surging demand

The company has commissioned 12 dedicated centres across nine states to cater to the demand for bulky products such as air-conditioners, televisions and refrigerators among others.

Sep 15, 2017

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Tata Sons plans to become private limited; Mistrys look to scuttle move

Shapoorji Pallonji family's holding companies already objected Tata Sons' attempt to convert to a private limited company from a public limited one, saying it amounts to oppression of minority shareholders.

Sep 15, 2017