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Mahindra XUV500

Feb. passenger car sales: Mahindra sees 26% growth; Hyundai records 9% rise

The company said that the increase in infrastructure cess in the Budget would "increase the prices of automative products immediately." Mar 1, 2016
BSE Building new

Sensex, Nifty post huge single-day gain in two years; share prices of IOC, BPCL, HPCL spurt on fuel price hike

The shares of Indian Oil Corporation, HPCL and BPCL closed with gains of 3.20 to 5 percent. Mar 1, 2016
BSE Building new

Sensex rebounds by 777 points on RBI rate cut expectations

The status quo on the fiscal consolidation path will enable the RBI to cut interest rates in the coming months. Mar 1, 2016
Housing India

First-time home buyers to get additional tax benefit from April 2016

According to experts, first-time home buyers in non-metro cities will gain most from the tax benefit. Mar 1, 2016
Walmart

Walmart, Tesco to benefit from 100% FDI in multi-brand processed food retailing

The companies will need to get clearance from the Foreign Investment Promotion Board to own 100 percent stake in a business. Mar 1, 2016
Yahoo to discontinue Games, Livetext

Yahoo says may write down goodwill value of Tumblr

Yahoo said earlier in the month it took a $230 million impairment charge related to Tumblr. Mar 1, 2016
Foxconn

Red faces, raised voices over late hitch in Foxconn's Sharp deal

Foxconn had asked Sharp to delay voting on a deal as it had just received "new information" from Sharp that it needed to clarify. Mar 1, 2016
Bombay Stock Exchange building

Budget 2016: Will higher FDI cap in stock exchanges help BSE get listed?

The proposal to raise the FDI limit from five percent to 15 percent could pave the way for BSE's listing next fiscal. Feb 29, 2016
Bombay Stock Exchange

Budget 2016: Markets give thumbs down; Nifty closes below 7,000

The Sensex and Nifty had gained last year. Feb 29, 2016
Gold jewellery

Budget 2016: Gold prices rise as FM Arun Jaitley leaves import duty unchanged

However, the government proposed a slew of exemptions for investment under the gold schemes announced last year. Feb 29, 2016
Budget

Budget 2016 'in line' with India's rating: Moody's

The comments from the rating agency come in the wake of Jaitley sticking to fiscal deficit target of 3.5 percent for the next fiscal year. Feb 29, 2016
Budget 2016

Budget 2016: FM Arun Jaitley's nine pillars to 'tranform India'

The nine pillars include financial reforms and commitment to fiscal discipline. Feb 29, 2016
PNB

Budget 2016: PF withdrawals taxable from April 2016

The employees will be required to pay income tax on 60 percent of the provident fund withdrawal amount. Feb 29, 2016
Cigarettes

Budget 2016: Which items will be expensive, which will be cheaper

You will have to shell out more for eating out, buying cigarettes or purchasing a new car, while footwear and microwave overs are set to be cheaper. Feb 29, 2016
Startups

Budget 2016: Govt to pay 8.33% of EPF for new employees

The scheme will be applicable to employees with a monthly salary of Rs 15,000. Feb 29, 2016
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