Business news

Fasten your wallets, aviation fuel price zooms 6%

Aircraft carriers will have additional cost pressures to shoulder from higher turbine fuel prices

Oct 1, 2017

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Unstimulating: Fiscal deficit hovers at 96% of full-year target, dashes stimulus hopes

During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target

Sep 30, 2017

Indian markets lose sheen on economic travails, but investors keep faith

Much will depend on how the government opts to arrest India's economic slowdown after its promise of deep economic and fiscal reforms had enamoured foreign investors.

Sep 30, 2017

Crossed wires for telecom: IUC cut by the regulator is a flawed antidote

For incumbent operators, the charge which is collected while allowing calls from rival networks to terminate on their users forms 9-15 per cent of their consolidated revenues.

Sep 29, 2017

IUC: Trai opposes urgent relief for Idea, Airtel over IUC

Airtel and Idea had on Thursday challenged Trai's decision to slash IUC rate in the Bombay High court

Sep 29, 2017

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Theresa May bitterly disappointed with Bombardier tariff decision

U.K. Prime Minister Theresa May says she is and amp;#39;bitterly disappointed and amp;#39; at the U.S decision to impose a 210% tariff on Canadian plane maker Bombardier.The wings for Bombardier C series planes are made in Northern Ireland. This ruling could threaten over 4000 jobs.Theresa May and amp;#39;s minority conservative government also relies on the Northern Irish DUP party to stay in power.The Prime Minister has personally asked U.S. President Donald Trump to help find a solution.

Sep 28, 2017

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Dramatic footage shows shootout with Sacramento police results in suspect killed

Police video footage released this week shows a homicide suspect being shot and killed in Sacramento, California on the Sept. 7, 2017. The suspect who was wanted in connection with a fire that killed two people gets out his car and stars firing at the police officers. Five officers returned fire and killed the suspect. Two police officers sustained injuries.

Sep 28, 2017

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China unveils worlds first commercial amphibious drone

The U650 drone is about 20 feet long, weighs about 750kg, and has a range of over 2,000km at 180kmh. It can carry a range of cargo from cameras and survey instruments, to medical supplies and even small ordnance.

Sep 28, 2017

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Dalal Street bleeds: Sensex hits 3-month low, investors pull out Rs 6 lakh crore

With Wednesday's trade, the Indian equity market fell for the seventh straight session. The Sensex lost 1,270 points, or 3.91 percent during the period.

Sep 27, 2017

High-level exits: Infosys senior VP and head of technology Navin Budhiraja quits

Budhiraja's exit can impact the company's ambitious plans to monetize and scale up business from its artificial intelligence-powered platform, Infosys Nia.

Sep 27, 2017