Business news

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How Sensex, gold, silver, rupee moved in demonetisation-hit November

The note ban decision by PM Narendra Modi on November 8 threw stock, currency and gold markets off-guard.

Dec 1, 2016

Nusli Wadia to proceed with defamation lawsuit against Tata Sons

Wadia says he will proceed with the lawsuit as Tata Sons has failed to justify its allegations against him.

Dec 1, 2016

Vodafone Foundation helps save mothers’ and children’s lives in one of the world’s worst HIV hotspots

Maboe, 43, and her son Motsamai, 6, are HIV positive. They now receive regular treatment close to home through the Vodafone Foundations mobile treatment programme in Lesotho. The programme combines Vodafone’s M-Pesa mobile money service with travelling clinics and a smartphone app which enables the tracking of patients in remote areas. The Vodafone Foundations travelling clinics use a fleet of 4 x 4 vehicles to provide on-site HIV testing in remote areas as part of a wider effort to provide basic primary healthcare.

Dec 1, 2016

Demonetisation to pour cold water on Monte Carlo Fashions during peak season

The October-December quarter accounts for almost 55 percent of total revenues for Monte Carlo Fashions; demonetisation is bad news.

Dec 1, 2016

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Demonetisation keeps markets in 'wait and watch' mode

September quarter GDP figure of 7.3 percent didn't calm nerves of investors, who remained concerned over the impact of note ban on growth figures.

Dec 1, 2016

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OPEC's decision to cap output is negative for India

Crude oil prices rose almost 10 percent on Wednesday after OPEC agreed to cut output by 1.2 million barrels a day; it's bad news for India.

Dec 1, 2016

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Domestic car sales: Maruti Suzuki, Toyota Kirloskar Motor volumes rise in November; Mahindra reports sharp fall

Maruti Suzuki, Toyota Kirloskar Motor and Mahindra release volume sales data for November, the first month of demonetisation.

Dec 1, 2016

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Sensex, Nifty to gain on December 1 over likely bullish OPEC outcome, Q2 GDP growth data

On Wednesday, crude oil prices crossed $50 per barrel during OPEC meeting; India's GDP growth rate for Q2 came in at 7.3 percent.

Nov 30, 2016

Police warn of increasing threat of sextortion from foreign criminal gangs

There has been a dramatic rise in the number of victims falling prey to criminal gangs who dupe individuals into persuading them to perform sexual acts online, that are then filmed and used as a form of blackmail. Police say they have been alarmed by the rise in so-called sextortion, where the victim is forced to hand over money in in order to keep the material private, particularly due to the number of suicides linked to the crime. Those most vulnerable to sextortion are younger people and the elderly, police say, and they are urging the public to be vigilant.

Nov 30, 2016