Business news

Air India hits back after being ranked 'third-worst performing' airline

Air India spokesperson claims that the report is fabricated. "We totally disagree with the report published by FlightStats", says AI spokesperson.

Jan 10, 2017

budget 2017, consumption growth, redistribution of wealth, pm modi, fm arun jaitley, mosl, taxes

Budget 2017: PM Modi playing Robin Hood would be unsustainable for India

A cash-rich Modi government after demonetisation would be tempted to spur consumption growth by redistributing wealth using Budget 2017.

Jan 10, 2017

India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar.

Jan 10, 2017

tata motors, jlr sales, tata motors share price, jaguar sales, land rover sales

Tata Steel, Tata Motors, GAIL lift Sensex in early trade; JLR sales and Q3 production trigger rally in Tata companies

Tata Motors, Tata Steel lead Sensex rally over bullish volume sales for Jaguar, Land Rover and higher production and sales, respectively.

Jan 10, 2017

Who is Flipkart's new CEO Kalyan Krishnamurthy?

Binny Bansal was elevated to the position of Group CEO, while Sachin Bansal will continue as executive chairman of Flipkart.

Jan 10, 2017

Yahoo to be renamed as Altaba Inc, but there's a catch

Verizon is expected to merge Yahoo-branded mail, search engine and other web services with AOL media division.

Jan 10, 2017

fm arun jaitley, india, taxpayers, tax to gdp ratio, budget 2017, tax evaders in india, budget 2017, modi govt

Budget 2017: FM Arun Jaitley provides insights on income tax collection in India

Tax compliance leaves a lot to be desired, says finance minister Arun Jaitley days before the presentation of Budget 2017.

Jan 9, 2017

India to become third largest diamond jewelry market by 2020 leaving behind Europe and Japan

The global diamond market likely to grow at 2% to 5% yearly on strong US fundamentals and continued growth of middle class in China and India.

Jan 9, 2017

class 8 truck, truck sales in US, bharat forge, baba kalyani, bharat forge share price, FTR trucks

Bharat Forge faces weak Class 8 Truck order sales in US, says Nomura

Baba Kalyani-owned Bharat Forge derives about 20 per cent of its standalone revenues from truck sales in North America.

Jan 9, 2017

Dieselgate: FBI arrests Volkswagen executive in emissions scandal

The FBI arrested Oliver Schmidt on the charges of conspiracy to defraud the United States, the New York Times has reported.

Jan 9, 2017

McDonalds, McDonalds Asia, McDonalds Hong Kong

McDonald's sells China, HK operations for $2.08 billion

A consortium of financial investors, including Citic Group, Citic Capital and Carlyle Group will buy its operations.

Jan 9, 2017

budget 2017, digital india, digidhan, Lucky Grahak Yojana, pm modi, fm arun jaitley

Budget 2017: Will there be a Digital Bharat Cess like the Swachh Bharat Cess?

Digital Bharat Cess on the lines of Swachh Bharat Cess and Krishi Kalyan Cess could be brought in Budget 2017 to drive digital payments.

Jan 9, 2017

India property prices may rise as developers heap compliance cost burden on buyers

While there is little doubt the Act will bring in more transparency to the sector, there are also enough reasons that may drive property prices higher.

Jan 9, 2017