• LIC listing IDBI stake sale latest news

    COVID-19 fallout: LIC listing, IDBI Bank stake sale may be postponed

    Business | May 31, 2020 14:22 IST

    Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic, news agency PTI reports quoting sources.

  • EROS Group founder, JR Sood

    EROS Group founder JR Sood dies at 94

    Business | April 27, 2020 13:56 IST

    JR Sood, Founder & Chairman of the EROS Group, a family-owned business entity with a primary focus on Hospitality, Real Estate and Entertainment, passed away on Sunday at the age of 94.

  • Zydus Cadila gets USFDA nod to market generic schizophrenia drug. Zydus Cadila business news

    Zydus Cadila gets USFDA nod to market generic schizophrenia drug

    Business | April 08, 2020 10:12 IST

    Drug firm Zydus Cadila on Tuesday said it has received final nod from the US health regulator to market generic Perphenazine tablets used for the treatment of schizophrenia. The company has received final approval from the United States Food and Drug Administration (USFDA) to market Perphenazine tablets USP in the strengths of 2 mg, 4 mg, 8 mg and 16 mg, Zydus Cadila said in a statement.

  • RBI reduces repo rate by 75 basis points to 4.4 per cent;

    RBI makes BIG-BANG move to fight COVID-19 fallout: Announces cut in repo rate, puts a pause on EMIs

    Business | March 27, 2020 12:40 IST

    A day after Finance Minister announced Rs 1.7 trillion economic package for country, the Reserve Bank of India governor Shaktikanta Das announced bold measures cut lending rates by slashing repo rate and reverse repo rate by massive 70 bps and 90 bps respectively. He also announced a 3-month moratorium on loans.

  • Finance Minister Nirmala Sitharaman to address media at 1 pm today

    Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS

    Business | March 26, 2020 22:59 IST

    Sitharaman today announced an economic package that will benefit migrant workers, urban and rural poor which will be known as the Prime Minister Gareeb Kalyan scheme.

  • NCLAT allows JSW Steel acquire Bhushan Power business news

    NCLAT allows JSW Steel acquire Bhushan Power

    Business | February 17, 2020 18:03 IST

    The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate.

  • ONGC stock falls over 3 pc on Q3 res business news

    ONGC stock falls over 3 pc on Q3 results

    Business | February 17, 2020 17:36 IST

    Shares of Oil and Natural Gas Corporation fell over 3 per cent on Monday after the company posted halving of its December quarter net profit.

  • Tech Mahindra sprawling campus in Warangal was launched by

    Tech Mahindra opens sprawling campus in Warangal in a bid to focus on Tier-II cities

    Business | January 07, 2020 15:32 IST

    Tech Mahindra Ltd on Tuesday announced the inauguration of its new delivery centre. The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao. The new facility is in line with Tech Mahindra's TechMNxt charter, which focuses on leveraging next-generation technologies and solutions, like artificial intelligence among others to address real-world problems to meet the customer's evolving and dynamic needs, a press release from the IT firm said.

  • former Uber CEO Travis Kalanick quits company silicon valley news

    Travis Kalanick is cashing out of Uber for philanthropic pursuits

    Business | December 26, 2019 12:47 IST

    Travis Kalanick, who built Uber into a ride-hailing giant, only to be ousted as CEO over the company's sexist “bro” culture, is cashing out. Kalanick disclosed Tuesday that he has sold off all his Uber stock — estimated at more than $2.5 billion — and is resigning from the board of directors, severing ties to the company he co-founded a decade ago.

  • Core sector output shrinks 5.8 per cent in October

    Core sector output shrinks 5.8 per cent in October

    Business | November 29, 2019 18:03 IST

    Production of cement (- 7.7 per cent), steel (- 1.6 per cent), and electricity (- 12.4 per cent) also declined during the month. The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.

  • Onion prices remain high, soar to Rs 110/kg in Panaji

    Onion prices remain high, soar to Rs 110/kg in Panaji

    Business | November 28, 2019 21:39 IST

    The stock holding limit was imposed in September. At present, retailers can stock onion only up to 100 quintals and wholesale traders are allowed to keep up to 500 quintals. Food and Consumer Affairs Minister Ram Vilas Paswan on Wednesday had asserted that the government was making maximum efforts to control prices.

  • Parliament passes chit funds bill

    Parliament passes chit funds bill

    Business | November 28, 2019 17:23 IST

    The maximum commission for foreman, who is responsible for managing the chit, is proposed to be raised from 5 per cent to 7 per cent. The bill also allows the foreman a right to lien against the credit balance from subscribers.

  • Axis Bank betting big on Fastags

    Axis Bank betting big on Fastags

    Business | November 27, 2019 21:49 IST

    Rival Kotak Mahindra Bank has also announced free tags till December 1 with a similar limited period offer, an official statement said, while an HDFC Bank official said the lender has waived off the processing charges of Rs 100 till December 31.

  • Trai moots idea of tariff calculator, more transparent disclosures

    Trai moots idea of tariff calculator, more transparent disclosures

    Business | November 27, 2019 21:25 IST

    The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs. The regulator has floated a proposal to ask telecom operators to retain details of old plans, while they publish information around new plans.

  • SAIL asks units to improve efficiency, reduce production

    SAIL asks units to improve efficiency, reduce production cost

    Business | November 27, 2019 21:25 IST

    All the plants and units of the company are working on a mission mode to reduce the cost of production with the guiding principle 'Do More With Less'," SAIL Chairman Anil Kumar Chaudhary said in a statement.

  • income tax rate cut

    Modi govt likely to bring ordinance to cut tax rates for individuals

    India | September 24, 2019 21:38 IST

    Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.

  • SBI links interest rates to RBI's repo rate; customers to get direct benefit of RBI monetary policy

    SBI links interest rates to RBI's repo rate; customers to get direct benefit of RBI monetary policy easing

    Business | May 01, 2019 21:31 IST

    Public sector lender State Bank of India on 1st of May became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India's repo rate. Read on to find out more!

  • concern in parliament over ai pilots strike

    Concern in Parliament over AI pilots strike

    May 21, 2012 17:31 IST

    New Delhi, May 21: Concern was voiced in Parliament today over ongoing strike by Air India pilots which has been going on for two weeks with members alleging that the extreme “arrogance” by the government

  • kingfisher airlines owes rs 269 cr income tax says govt

    Kingfisher Airlines owes Rs 269 cr income tax, says Govt

    May 18, 2012 14:44 IST

    New Delhi, May 18: Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha today.Kingfisher Airlines was

  • vegetable prices push retail inflation to double digit

    Vegetable prices push retail inflation to double digit

    May 18, 2012 12:32 IST

    New Delhi, May 18: Retail inflation shot up to the double digit mark at 10.32 per cent in April on account of substantial increase in vegetable, edible oils and milk prices.Based on the Consumer Price

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