Business news

Demonetisation effect: Banks to take a Rs1,000 crore hit on fee income after transaction fee waiver on debit cards

Banks are likely to lose around Rs 1,000 crore due to fees waiver on card transactions till December end of this year.

Dec 9, 2016

JSPL sees average realisation improving in second half thanks to rising price of steel

Uptick in demand coupled with price improvement will help the company to record higher margins per tonne of steel.

Dec 9, 2016

Associate banks of SBI to unveil voluntary retirement schemes soon

To expedite the process of merger with SBI, the associate banks of the country's largest lender are likely to come out with VRS in the near future.

Dec 9, 2016

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Paytm CEO Vijay Shekhar Sharma sells 1% stake to raise Rs 325 crore

The money would be utilised to fund Paytm's upcoming payments bank.

Dec 9, 2016

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Stock exchanges seek secretarial audit of Tata Group firms

Both BSE and NSE have written to some Tata Group firms for this kind of audit to check regulatory compliance.

Dec 9, 2016

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Sheela Foam makes stellar debut in exchanges, shares surge 41%

The company, which owns popular mattress brand Sleepwell, competes with Kurl-on and Duroflex in the domestic market.

Dec 9, 2016

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RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

The central bank also said that defunct notes worth Rs 11.85 lakh crore have been returned to the banking system.

Dec 9, 2016

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Equity indices at one month closing high; SBI major gainer

Public sector banking stocks witnessed renewed buying from investors followed by IT on Friday.

Dec 9, 2016

Nalco to post better business growth in second half on improved metal prices

The aluminium major also plans to utilise its internal reserve in funding the company's domestic expansion plans.

Dec 8, 2016

Shares of Divi's Labs fall on US drug regulator's observations

The company informed bourses that the US drug regulator has issued a form 483 with five observations after inspecting its Visakhapatnam unit.

Dec 8, 2016

Essel Infraprojects in talks to buy stake in IVRCL unit: Report

Lenders to the debt-laden infra firm are trying to sell company's assets in order to recover their pending dues.

Dec 8, 2016

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Tata Steel shares surge over 4% on UK investment plan

The company pledged to stay invested at Port Talbot Steelworks for the next 10 years with huge investment plan.

Dec 8, 2016

Markets close on a cheerful note on FII buying, global cues

The 30-share index rallied around 500 points intraday and closed Thursday trade with spectacular gains on bullish investors' sentiments.

Dec 8, 2016

Drug that stops the spread of cancer has been developed

A study shows that tumour cells are dependent on fat to start metastasis: the process through which cancer spreads from one part of the body to another. It is one of the aspects of the disease that makes it so deadly – indeed, it is the reason behind 90% of human cancer deaths. The way in which cancer spreads is extremely complex.

Dec 7, 2016

Donald Trump wins Time Person of the Year

President-elect Donald Trump has been awarded Time Person of the Year for 2016. Time magazine honours those that have the biggest political and/or cultural impact throughout that year. The divisive Trump has also divided Twitter with some in horror, others supporting the decision, but many just making jokes about The Donald winning.

Dec 7, 2016