Business news

SBI reduces penalty for non-maintenance of minimum balance

SBI has lowered the penalty on savings accounts for non-maintenance of minimum balance while exempting the accounts of minors and pensioners. Read to know more.

Sep 26, 2017

GM India exports, Beat sedan, Chevrolet essentia

GDP share of exports in Q1 slumps to 14-year low at 19.4%

Share was 20% in fiscal 2017; exports rose just 1.2% in Q1 despite strong rebound in global trade in goods and services.

Sep 26, 2017

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

Air India taps Rs 6,000 crore loan amid disinvestment plans

The airline is facing cash deficit and the loans from the government will offer some short-term relief and meet the immediate capital requirements.

Sep 26, 2017

colgate palmolive, fmcg companies in india, hul, dabur, retail stores, grocery stores, toothpaste, patanjali

Some ghee in your decaf? Creative usage by overseas customers boost Indian brands

E-commerce platforms like Amazon sell ghee to US consumers who use ghee mostly to make "bullet-proof coffee".

Sep 26, 2017

sensex at all time high, sensex at new high, indian stock markets, djia at record high, djia makes history

GST impact, subdued business activity push Nifty below 9,900, Sensex drops around 300 pts

Clearly, both the initiatives (GST and demonetisation) had a more severe impact than what we have imagined, says Harsh Mariwala.

Sep 25, 2017

Infosys Foundation to set up Rs 5-crore R&D war-chest for IISc

The funds will be used in research, training and creating awareness about infectious diseases that will also benefit 25 faculty members and 250 students of the institute.

Sep 25, 2017

After SBI and Vijaya Bank, Bank of India to raise Rs 500 crore via QIP

State-owned lenders are reeling under bad loans in the region of Rs 10 lakh crore, and banks are in dire need of capital infusion to continue operations.

Sep 25, 2017

Another 2 lakh directors disqualified for holding posts in defaulting companies

These directors will not be allowed to hold seats in other companies and might have to resign from their posts soon in the future.

Sep 25, 2017

Air India disinvestment facing headwinds, failing to attract buyers

Another reason why investors are not showing much interest in buying the state-owned carrier is because of the company's large debt of more than Rs 52,000 crore.

Sep 25, 2017

ccd coffee day q2 results share price ipo dampener results investors loss public issue good bad market share qsr india asia uae

CCD raids: Income Tax Department detects undisclosed income of over Rs 650 crore

This detection of Rs 650 crore of the undisclosed income is also expected to surge in the future.

Sep 25, 2017

More trouble: Vijay Mallya moved Rs 6,000 crore to shell companies

The money was allegedly diverted to shell companies in seven countries, including the US and UK.

Sep 25, 2017

Nothing Gigabit: iPhone X, 8, 8 Plus may not run superfast net

The new iPhones cannot deliver high speed under the superfast network called Gigabit LTE while Android smartphones can

Sep 24, 2017

Banks scramble to set up Aadhaar centres before September 30

UIDAI said the banks are required to have one centre per 10 branches they operate and a penalty of Rs 20,000 every month would be imposed on banks failing to open single centres before the deadline.

Sep 24, 2017

Deal locked: Amazon to buy 5 percent stake in Shoppers Stop for Rs 180 crore

Following the deal, the company will now hold an extraordinary general meeting (EGM) of its shareholders to seek their approval for this deal.

Sep 24, 2017

Watch Lockheed Martins lethal new laser weapon take down an airborne drone

This new laser weapon from Lockheed Martin looks terrifying, known as ATHENA (Advanced Test High Energy Asset), the weapon successfully burnt through and crashed five drones. The video shows the laser burning through the tail section of the first drone.

Sep 22, 2017