Besta Shankar

Articles by Besta Shankar

Email : editor@ibtimes.co.in

Sharp says 'yes' to Foxconn's takeover bid: Report

A Reuters report said Foxconn would invest over $5.8 billion in liquid crystal display-maker Sharp.

Feb 25, 2016

Fearing job cuts, Snapdeal employees protest its outsourcing move

Snapdeal told The Times of India that the employees who did not fall under the performance improvement plan (PIP) programme carried out the protests.

Feb 25, 2016

Below 69, rupee may depreciate to 73 against US dollar: Sharekhan

The rupee has declined by 3.5 percent against the greenback so far this year.

Feb 24, 2016

Kotak Mahindra Bank buys stake worth Rs 98.38 crore in Airtel M Commerce

Kotak partnered with Bharti Airtel in January last year before the RBI started shortlisting candidates for payments bank services.

Feb 24, 2016

India may see normal monsoon this year

The El Nino phenomenon is projected to "turn neutral" during the monsoon season this year, a scientist told the Economic Times.

Feb 24, 2016

Rocket Internet in talks with Future Group to sell FabFurnish

A report by The Economic Times said that FabFurnish could be sold for $5-10 million.

Feb 24, 2016

Standard Chartered posts Rs 6,729 crore loss in India in 2015

The bank's losses were mainly led by a sharp increase in provisions made to cover credit risks.

Feb 24, 2016

Vistara to reduce business class seats to boost load factor

Vistara had a market share of just 1.3 percent in the domestic passenger traffic in December last year.

Feb 23, 2016

Gold imports likely to slump to 2-year low in February

Jewellers and retail consumers are waiting for a correction in gold prices amid hopes of a cut in import duty in the upcoming budget.

Feb 23, 2016

Mittals, Singtel to raise stake in Airtel by 6%

The transaction could be worth Rs 7,900 crore, taking into account the closing price of Bharti Airtel shares on Monday.

Feb 23, 2016

Infosys to reduce reserve employee strength through automation

Infosys recorded a staff utilisation rate of 80.6 percent for the December quarter.

Feb 23, 2016

World Bank's investment arm to buy stake in Lenskart

Recently, IFC bought stake worth $25 million in online grocery retailer BigBasket.

Feb 23, 2016

Infosys eyes 16% revenue growth next fiscal

Industry body Nasscom, however, cut its growth estimate for the sector to 10-12 percent for the next fiscal amid growing macroeconomic uncertainty and currency fluctuations.

Feb 22, 2016

Budget 2016: Concerns over excise duty hike for cigarettes weigh on ITC shares

ITC is already struggling with slowing growth in cigarette volumes.

Feb 22, 2016

Budget 2016: Govt may raise FDI via automatic route in insurance to 49%

Currently, insurance companies seeking FDI beyond 26 percent need to get approval from the FIPB.

Feb 22, 2016

Budget 2016: Allocation to defence may rise by 9%

Pension payments for ex-servicemen will rise sharply in the next fiscal year as a result of implementation of OROP scheme.

Feb 22, 2016

Indians spent $267B on gold in last 10 years

When foreigners were buying Indian equities over the last ten years, Indians were busy buying gold, Akhilesh Tilotia of Kotak Equities said.

Feb 20, 2016

Govt likely to spend more to modernise railways

In addition, railways may cut freight tariffs for commodities in the wake of falling revenue from goods transportation.

Feb 20, 2016

Sensex posts biggest weekly gains since October 2015

The rebound in the benchmark indices was mainly led by strong gains in stock prices of metals, PSU banks, realty and auto.

Feb 20, 2016

Govt may raise dearness allowance to 125% for employees

The hike in DA will be effective from Jan. 1, 2016.

Feb 20, 2016

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Articles by Besta Shankar

Sharp says 'yes' to Foxconn's takeover bid: Report

Fearing job cuts, Snapdeal employees protest its outsourcing move

Below 69, rupee may depreciate to 73 against US dollar: Sharekhan

Kotak Mahindra Bank buys stake worth Rs 98.38 crore in Airtel M Commerce

India may see normal monsoon this year

Rocket Internet in talks with Future Group to sell FabFurnish

Standard Chartered posts Rs 6,729 crore loss in India in 2015

Vistara to reduce business class seats to boost load factor

Gold imports likely to slump to 2-year low in February

Mittals, Singtel to raise stake in Airtel by 6%

Infosys to reduce reserve employee strength through automation

World Bank's investment arm to buy stake in Lenskart

Infosys eyes 16% revenue growth next fiscal

Budget 2016: Concerns over excise duty hike for cigarettes weigh on ITC shares

Budget 2016: Govt may raise FDI via automatic route in insurance to 49%

Budget 2016: Allocation to defence may rise by 9%

Indians spent $267B on gold in last 10 years

Govt likely to spend more to modernise railways

Sensex posts biggest weekly gains since October 2015

Govt may raise dearness allowance to 125% for employees

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'