Business news

FM Sitharaman announces steps to boost liquidity, demand

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Credit fairs by public sector banks will bring early festival cheer to consumers as corporate tax bonanza will put on steroids PM Modi's FDI push after Howdy Modi.

Sep 20, 2019

Sensex jumps over 1,800 points, Nifty goes past 11,000 after govt slashes corporate tax

The government has decided to not levy the enhanced surcharge introduced in the Budget on capital gain arising from the sale of equity shares in a company liable for securities transaction tax.

Sep 20, 2019

Sensex slumps 470 points, Nifty settles marginally above 10,700; Yes Bank down 15%

Selling activity was witnessed across sectors and the key indices remained in the red throughout the day. Stock-wise, Yes Bank lost the most, by over 15 per cent.

Sep 19, 2019

Maruti chairman joins Sitharaman in blaming millennials for slowdown in auto sector

Maruti chairman Bhargava thinks Sitharaman's view that millennials' dependence on Uber, Ola may be contributing to auto sector slowdown is correct

Sep 19, 2019

Kerala's Rs 250-million Green Bond move could wither in shadow of CAG audit row

Kerala government's denial of CAG audit for special purpose vehicle KIIFB could drive away NRI investors despite easing tax norms.

Sep 18, 2019

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Air India disinvestment: Government may keep working capital debt out of the deal

The airline industry showed cold shoulders to earlier government's proposal to sell 76 per cent stake in Air India as no foreign players wanted the government having owned 24 per cent after divestment.

Sep 18, 2019

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Massive Coal India recruitment move brings cheer amid slowdown, divestment gloom

India's second-largest employer is offering 9,000 openings; 4,000 people will be recruited to fill up executive posts and the rest will be technical and non-technical staff.

Sep 18, 2019

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Dalal Street nervous over oil; Sensex tanks 600 points, Nifty ends at 10,800

The global oil benchmark, Brent, was trading at $68 a barrel from its Friday's close of $60 prior to the attack on Saudi oil facilities during the weekend.

Sep 17, 2019

Petrol, diesel prices to rise by Rs 5-6 a litre: Experts

Oil prices, experts said, could spike in the next several days as a result of the attack on Saudi Aramco, the second-largest oil producer in the world.

Sep 17, 2019

Zomato forays into video streaming services, to offer free shows

The most interesting part is unlike other online streaming services, including Netflix and Amazon which has paid subscription, Zomato originals is available free of cost to all of its viewers.

Sep 16, 2019

Why do Houthi strikes in Saudi Arabia make Nirmala Sitharaman sweat?

If oil becomes more expensive, the current economic downturn can snowball into a full-blown crisis. India has little headroom to cushion the inflationary impact as Trump has turned off cheaper Iranian oil supplies

Sep 16, 2019

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Global crude prices jump 12% after drone attack on Saudi Arabia's Aramco oil facilities

Following the attack, Aramco oil facilities curtailed production of crude oil and gas of the world's top exporter by half.

Sep 16, 2019

5G trials: Trump effect forces Reliance Jio, Bharti Airtel to shun Chinese firms

Although India is yet to decide on a Huawei technology ban, telecom players play safe by avoiding Chinese companies to avoid getting caught in the US-China trade war.

Sep 14, 2019

AB InBev tax evasion case: World's largest brewer, banned in Delhi, probed

Local authorities barred AB InBev, the world's largest brewer, in July from selling its beer in the high profile New Delhi market for evading taxes.

Sep 14, 2019

India's top trader body seeks ban on Amazon, Flipkart's festive season sale

The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, which are due this year in October.

Sep 14, 2019

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Iran's top nuclear scientist killed in deadly shootout: Tehran blames Israel, US, vows revenge

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