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LATEST BUSINESS, FINANCE AND MARKET NEWS

  • Microsoft launches 'Azure Analysis Services'

    New Delhi, Jan 20 (IANS) Microsoft on Friday announced the public preview of 'Azure Analysis Services', a latest addition to company's Cloud platform to simplify data analysis. Azure Analysis Services ... … More »

    IANS - 1 hour 33 minutes ago
  • 'Teavana' to double tea sales in India: Tata Starbucks

    New Delhi, Jan 20 (IANS) With its coffee beverage business already at peak, global coffeehouse chain Tata Starbucks aims to double tea beverage sales with the launch of its global flagship tea brand "Teavana" in the country, says the company's chief executive. "We do believe we're going to do for … More »

    IANS - 1 hour 35 minutes ago
  • Profit booking drags Indian equities lower

    Mumbai, Jan 20 (IANS) Profit booking, coupled with negative global cues and a weak rupee, dragged the Indian equities markets lower during the mid-afternoon trade session on Friday. Besides, investors ... … More »

    IANS - 1 hour 41 minutes ago
  • 8 Warren Buffet quotes and how you can use them

    America is home to many leading lights in various fields. One such notable person is Warren Edward Buffet. Warren Buffet is a famous business tycoon and a philanthropist. He is often featured in lists of the world’s wealthiest people. His finances are sound and he is a gifted intellectual. Here are … More »

    Simplus Information Services - 3 hours ago
  • Budget 2017: 10 things that would provide relief from demonetisation

    Finance minister Arun Jaitley will make the budget speech in the Lok Sabha on 1 February 2017. In the backdrop of demonetisation, there is a general anticipation of lower taxes. The government may try to thank the people for putting up with demonetisation. … More »

    Simplus Information Services - 3 hours ago
  • Selling pressure pulls equities lower

    Mumbai, Jan 20 (IANS) Indian equities markets trade on a negative note during the early morning trade session on Friday, as heavy selling pressure was witnessed in banking and IT stocks. The wider 51-scrip ... … More »

    IANS - 5 hours ago
  • Banks told to report deposits over Rs 10 lakh a year

    New Delhi, Jan 19 (IANS) In yet another measure related to the recent demonetisation, the government has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills. In a January 17 notification, the Central … More »

    IANS - 16 hours ago
  • CCI imposes penalties on 7 cement companies for bid-rigging

    New Delhi, Jan 19 (IANS) Fair play regulator Competition Commission of India (CCI) on Thursday said it has imposed penalties on seven cement companies for bid-rigging. "The bid-rigging has been established from quoting of unusually higher rates in the impugned tender (than rates quoted in tenders … More »

    IANS - 17 hours ago
  • NPCI advises ICICI Bank to open UPI transactions through PhonePe App

    New Delhi, Jan 19 (IANS) The National Payments Corporation of India (NPCI) on Thursday said it has advised lending major ICICI Bank to 'open UPI (Unified Payments Interface) transactions' through mobile phone e-wallet PhonePe App immediately. The development comes after NPCI reviewed the recent … More »

    IANS - 17 hours ago
  • India clears six FDI proposals worth Rs 1,186.50 cr

    New Delhi, Jan 19 (IANS) The central government on Thursday cleared six foreign direct investment (FDI) proposals worth Rs 1,186.50 crore. According to the Ministry of Finance, the government approved ... … More »

    IANS - 18 hours ago
  • Less optimistic than markets about top Indian companies: Fitch

    New Delhi, Jan 19 (IANS) Ratings agency Fitch has said it is less optimistic than the markets in its growth projections about top Indian companies. According to Fitch Ratings and India Ratings and Research which is part of the Fitch Group, they are less optimistic in their projections for the 27 … More »

    IANS - 19 hours ago
  • Coca-Cola India announces new organisation structure

    New Delhi, Jan 19 (IANS) Beverages multinational Coca-Cola's Indian arm on Thursday said it will introduce a new organisation structure in keeping with the economic reforms being undertaken in India. "To lead this change, Shehnaz Gill, a 12-year veteran of the Coca-Cola system will take over the … More »

    IANS - 20 hours ago
  • India can boost exports by $5.5 bn by cutting trade costs: CII

    New Delhi, Jan 19 (IANS) Industry chamber CII on Thursday said that its recent survey reveals that reducing costs of trade through digitisation, inland infrastructure development and an efficient regulatory environment across four high-growth trade sectors can boost exports by 5-8 per cent. "A … More »

    IANS - 20 hours ago
  • Profit booking, weak rupee curb gains; equities end flat

    Mumbai, Jan 19 (IANS) Indian equities markets closed on a flat-to-positive note on Thursday as profit booking, coupled with a weakened rupee and foreign fund outflows, capped gains. Besides, investors ... … More »

    IANS - 20 hours ago
  • Axis Bank Q3 net profit falls to Rs 579 crore

    Chennai, Jan 19 (IANS) Private sector Axis Bank Ltd on Thursday said it closed the third quarter of the current fiscal with a net profit of Rs 579.57 crore. In a regulatory filing with BSE, the bank said ... … More »

    IANS - 21 hours ago
  • Regional flights under new scheme from February: Minister

    New Delhi, Jan 19 (IANS) The central government on Thursday said it expects the first flight under its ambitious 'regional connectivity scheme' (RCS) to operate by next month. "The first RCS flight is expected to be operated by late February or early March," Minister of State for Civil Aviation … More »

    IANS - 22 hours ago
  • SpiceJet to reintroduce services on Delhi-Surat route

    New Delhi, Jan 19 (IANS) Budget passenger carrier SpiceJet on Thursday said it will relaunch its twin daily direct flights on the Delhi-Surat route effective from March 26 next. The airline has offered an all-inclusive introductory promotional fare starting at Rs 2,257 for travel to Delhi from … More »

    IANS - 22 hours ago
  • 'Low tariff an opportunity for Jio to fine-tune network'

    New Delhi, Jan 19 (IANS) Even though cheap tariff is hurting the revenues of Reliance Jio, as in the case of other networks, it also presents an opportunity for the latest entrant to fine-tune its network to gain traction among users, says a telecom expert. "The relatively low tariff of Jio is the … More »

    IANS - 22 hours ago
  • Regional Connectivity Scheme flights could start next month: Sinha

    New Delhi, Jan 19 (IANS) The central government on Thursday said it expects the first flight under its ambitious regional connectivity scheme (RCS) to operate by next month. "The first RCS flight ... … More »

    IANS - 23 hours ago
  • Urjit Patel asks staff to 'zealously guard' RBI reputation

    Mumbai, Jan 19 (IANS) Following deep concern expressed by RBI employee unions over alleged government interference in the affairs of the central bank and opposition protests on the issue earlier this week, RBI Governor Urjit Patel has asked staff members to "zealously guard" the integrity of the … More »

    IANS - 23 hours ago
  • Equities buoy on hopes of healthy Q3 results

    Mumbai, Jan 19 (IANS) Indian equities markets traded in the positive territory during the mid-afternoon trade session on Thursday as hopes of healthy third-quarter (Q3) results buoyed investors' sentiments. However, profit booking and a weakened rupee, coupled with caution ahead of the European … More »

    IANS - Thu 19 Jan, 2017 1:54 PM IST
  • Key Indian equity market indices open flat

    Mumbai, Jan 19 (IANS) Taking cues from global markets, the key Indian equity market indices opened flat on Thursday. The Sensitive Index (Sensex) of the BSE, which had closed at 27,257.64 points on Wednesday, ... … More »

    IANS - Thu 19 Jan, 2017 9:30 AM IST
  • Kolkata ATC declares emergency post flight diversion: IndiGo

    New Delhi/Kolkata, Jan 18 (IANS) Budget passenger carrier IndiGo on Wednesday said Kolkata Air Traffic Control declared a 'full emergency for landing' when its Delhi-Dibrugarh flight landed in Kolkata as a 'precautionary diversion' due to a technical snag. According to the airline, the Kolkata ATC … More »

    IANS - Wed 18 Jan, 2017 10:20 PM IST
  • RBI Board 'advised' to approve demonetisation at day's notice

    New Delhi, Jan 18 (IANS) In a revelation about how the crucial decision on demonetisation of Rs 1,000 and Rs 500 notes was taken by the Reserve Bank of India (RBI) at a day's notice, RBI Governor Urjit Patel on Wednesday told a Parliamentary Committee that the apex bank had been "advised" by the … More »

    IANS - Wed 18 Jan, 2017 9:54 PM IST
  • Cabinet clears Rs 45,000 cr loan to FCI from Small Savings Fund

    New Delhi, Jan 18 (IANS) The Union Cabinet on Wednesday approved a loan of Rs 45,000 crore to the FCI out of the National Small Savings Fund, as well as exempted most states and UTs from the mandatory investment norms for funds collected under the NSSF scheme. "The Union Cabinet has given its … More »

    IANS - Wed 18 Jan, 2017 9:28 PM IST
  • DSK Benelli to launch five models in 2017, 2018

    Chennai, Jan 18 (IANS) Premium two-wheeler manufacturer DSK Motowheels will launch five new models spread over this year and next year, said a top official here on Wednesday. During the second half of 2017 we will launch a 500cc street bike and a 380cc bike in the classic segment," company … More »

    IANS - Wed 18 Jan, 2017 9:20 PM IST
  • NCLT dismisses contempt of court plea against Tata Sons

    Mumbai, Jan 18 (IANS) A top corporate tribunal on Wednesday dismissed a petition filed against Tata Sons by its ousted Chairman Cyrus Mistry for calling a shareholders' meet to also remove him as a Director on the company's Board. The National Company Law Tribunal's (NCLT) Mumbai bench dismissed … More »

    IANS - Wed 18 Jan, 2017 9:18 PM IST
  • AirAsia India to fly to Srinagar, Darjeeling soon

    Bengaluru, Jan 18 (IANS) Low-cost carrier AirAsia India on Wednesday announced that it would operate a daily service from New Delhi to Srinagar in Jammu and Kashmir and Bagdogra in Darjeeling Hills with effect from February 19. "Booking for the two destinations has opened on Wednesday, with fare … More »

    IANS - Wed 18 Jan, 2017 8:48 PM IST
  • 45 proposals received under regional connectivity scheme

    New Delhi, Jan 18 (IANS) The central government on Wednesday said it has received an 'encouraging' response to its regional connectivity scheme (RCS) with 45 initial proposals coming in from 11 bidders covering more than 200 regional routes. According to the Ministry of Civil Aviation, the … More »

    IANS - Wed 18 Jan, 2017 8:38 PM IST
  • Saudi Aramco to explore refinery possibility in Andhra

    Vijayawada, Jan 18 (IANS) Oil major Saudi Aramco will send a team to Andhra Pradesh in 15 days to explore the possibility of developing a refinery. After the team's visit, Andhra Pradesh will also send a team to Saudi Arabia for further discussions. This was decided during a meeting Chief … More »

    IANS - Wed 18 Jan, 2017 8:18 PM IST
  • NSE conducts two-day live trading from 'disaster recovery site'

    Mumbai, Jan 18 (IANS) The National Stock Exchange of India (NSE) on Wednesday announced that it has completed a two-day live trading session from its 'disaster recovery site' (DRS) for the fifth successive time. According to the NSE, the 'live trading' session was conducted on January 9-10, 2017. … More »

    IANS - Wed 18 Jan, 2017 7:34 PM IST
  • Rs 9.2 lakh crore new notes in system: Patel tells MPs' panel

    New Delhi, Jan 18 (IANS) Reserve Bank of India Governor Urjit Patel on Wednesday told a Parliamentary Standing Committee on Finance that Rs 9.2 lakh crore of new currency notes have been put in circulation since the high-value currency notes were demonetised on November 8. "When asked how much … More »

    IANS - Wed 18 Jan, 2017 7:26 PM IST
  • Equities end flat, profit booking caps gains

    Mumbai, Jan 18 (IANS) Indian equities markets closed on a flat-to-positive note on Wednesday as broadly positive global indices along with inflow of foreign funds buoyed investors' sentiments. Besides, ... … More »

    IANS - Wed 18 Jan, 2017 6:44 PM IST
  • Government to augment corpus of MSE credit guarantee fund

    New Delhi, Jan 18 (IANS) The central government on Wednesday said it will augment the corpus of 'Credit Guarantee Trust Fund for Micro and Small Enterprises' (CGTMSE) by an additional Rs 5,000 crore. The decision to augment the fund was taken during a meeting of the Union Cabinet here held under … More »

    IANS - Wed 18 Jan, 2017 5:52 PM IST
  • Government to set up 1,000 Janaushadhi Kendras

    New Delhi, Jan 18 (IANS) The central government on Wednesday said it aims to set up 1,000 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJK) in both urban and rural areas as part of its "Mission 3000" Kendras. According to Ministry of Chemicals and Fertilisers, a memorandum of understanding (MoU) … More »

    IANS - Wed 18 Jan, 2017 5:48 PM IST
  • Now purchase mutual funds via FreeCharge

    New Delhi, Jan 18 (IANS) Digital payments platform FreeCharge and Reliance Mutual Funds on Wednesday teamed up to offer paperless access to mutual funds with instant redemptions and zero charges. Through this partnership, users can now invest in a 'Money Market Mutual Fund' and get instant … More »

    IANS - Wed 18 Jan, 2017 5:34 PM IST
  • Micromax launches new 'Vdeo range' smartphones

    New Delhi, Jan 18 (IANS) Micromax Informatics on Wednesday extended its "Vdeo range" with the launch of two new smartphones Vdeo 3 and Vdeo 4 at Rs 5,749 and Rs 6,249, respectively. Both the ... … More »

    IANS - Wed 18 Jan, 2017 5:06 PM IST
  • Global semiconductor revenue grew 1.5% in 2016: Gartner

    Mumbai, Jan 18 (IANS) Worldwide semiconductor revenue stood at $339.7 billion in 2016, a 1.5 per cent increase from the 2015 revenue of $334.8 billion, market research firm Gartner said on Wednesday. "After a poor start to the year, characterised by inventory burn-off, the second half of 2016 was … More »

    IANS - Wed 18 Jan, 2017 3:48 PM IST
  • Are you a leader or a follower at your workplace?

    Did you just get promoted? Will you be managing a team? Not every team head is a good leader. On a similar note, not every team member is a follower. Your designation does not define whether you are a leader or follower. A good leader has the right skills and attitude. … More »

    Simplus Information Services - Wed 18 Jan, 2017 3:17 PM IST
  • 5 general insurers to be listed, government stake to fall to 75%

    New Delhi, Jan 18 (IANS) In a major decision on divesting stake in state-run general insurance companies, the cabinet on Wednesday approved the public listing of 5 firms by which the government's shareholding in them would be brought down to 75 per cent. "In a major decision on the five general … More »

    IANS - Wed 18 Jan, 2017 3:06 PM IST
  • Indian equities trade flat, profit booking pares gains

    Mumbai, Jan 18 (IANS) Broadly positive Asian indices and healthy third-quarter (Q3) results buoyed the Indian equities markets during the mid-afternoon trade session on Wednesday. However, profit booking, ... … More »

    IANS - Wed 18 Jan, 2017 2:36 PM IST
  • Panasonic launches waterproof Bluetooth earphones at Rs 8,999

    New Delhi, Jan 18 (IANS) Panasonic India on Wednesday launched new Bluetooth sports earphones -- RP-BTS50 -- which are designed to experience clear sound while working out at the gym, cycling or running. ... … More »

    IANS - Wed 18 Jan, 2017 2:14 PM IST
  • Reliance Defence delivers 'Ice-class' bulk carrier to shipping firm

    Mumbai, Jan 18 (IANS) Reliance Defence and Engineering on Wednesday said it has delivered another 74,500 DWT new, Ice-class Panamax Bulk Carrier "Sea Amber" to an international customer. "Thus ... … More »

    IANS - Wed 18 Jan, 2017 1:42 PM IST
  • LG V20: Super audio, great for multimedia consumption

    New Delhi, Jan 18 (IANS) After taking the industry by surprise with the world's first modular smartphone, the G5, it has mostly been a quiet period for LG before it launched another premium device, the V20, late in 2016 -- the world's first device with wide-angle camera lenses on both the front and … More »

    IANS - Wed 18 Jan, 2017 11:06 AM IST
  • Havells India's Q3 net profit up 27.54%

    Mumbai, Jan 17 (IANS) Electrical equipment major Havells India on Tuesday reported a rise of 27.54 per cent in its standalone net profit for the quarter ended December 31, 2016. According to the company's ... … More »

    IANS - Tue 17 Jan, 2017 10:22 PM IST
  • Government puts on hold move to tax indirect transfers

    New Delhi, Jan 17 (IANS) In a measure of relief to foreign portfolio investors (FPIs), venture capital and private equity investors, the government on Tuesday said it is putting on hold its recent circular on taxation of indirect transfers. India's Central Board of Direct Taxes (CBDT) had on … More »

    IANS - Tue 17 Jan, 2017 10:08 PM IST
  • Chandrasekaran appointed Tata Motors Chairman

    Mumbai, Jan 17 (IANS) Tata Motors on Tuesday appointed Tata Sons' Executive Chairman-elect N. Chandrasekaran as an Additional Director and Chairman of its Board with immediate effect. "In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, … More »

    IANS - Tue 17 Jan, 2017 9:10 PM IST
  • No impact of demonetisation on air passenger traffic: Minister

    New Delhi, Jan 17 (IANS) India's air passenger traffic growth has not been impacted by the central government's demonetisation drive, Civil Aviation Minister Ashok Gajapathi Raju asserted on Tuesday. "December ... … More »

    IANS - Tue 17 Jan, 2017 8:40 PM IST
  • Anchor investors oversubscribe for Reliance CPSE ETF

    Chennai, Jan 17 (IANS) Anchor investors of Reliance Mutual Fund Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF) have bid for Rs 6,000 crore -- that is, four times their reserved quota, said industry sources. Some of the anchor investors for the fund are the State Bank of India … More »

    IANS - Tue 17 Jan, 2017 8:22 PM IST
  • NIIT Technologies Q3 net falls 10% to Rs 62 crore

    New Delhi, Jan 17 (IANS) IT major NIIT Technologies on Monday posted a 10 per cent fall in its net profit for the third quarter ended December at Rs 62.4 crore, as compared to the Rs 69.4 crore net profit in the same quarter of the previous fiscal caused by seasonal softness in demand and currency … More »

    IANS - Tue 17 Jan, 2017 8:06 PM IST

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