Business

  • Uncomfortable seats
    Aug 27, 2015 23:06 IST

    PM 'concerned' over predatory pricing by domestic airlines

    Prime Minister Narendra Modi has expressed concern over predatory pricing by domestic airlines, which is giving a bad name to the industry, minister of state for aviation Mahesh Sharma has said.

  • Jan Dhan Yojana
    Aug 27, 2015 23:01 IST

    Year of Jan Dhan: Targets met, focus now on inactive accounts

    As the Narendra Modi government's flagship scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) completes one year on Friday with 174.5 million accounts and a total deposit of Rs 20,769.33 crore, the goalpost for banks is now likely to shift.

  • Godrej
    Aug 27, 2015 20:04 IST

    Rs 1 lakh penalty slapped on Godrej for selling goods above MRP

    The apex consumer commission has imposed a cost of Rs one lakh on Godrej and Boyce Manufacturing Company Ltd penalising it for selling goods at more than maximum retail price (MRP), and also dismissing its plea challenging a state commission's order.

  • Future Group
    Aug 27, 2015 19:06 IST

    CCI clears Future Group-Bharti Retail's Rs 750-crore deal

    Competition commission has given a green light to the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail.

  • Gold
    Aug 27, 2015 16:06 IST

    Gold falls below Rs 27,000 on global cues

    Tracking a weak overseas trend and slackened demand from jewellers at prevailing levels, gold continued its losing streak for the third straight day and tumbled by Rs 380 to Rs 26,650 in Delhi on Thursday.

  • Sensex
    Aug 27, 2015 10:05 IST

    Sensex surges 517 points after Fed hints at delaying rate hike

    The benchmark BSE Sensex on Thursday staged a strong comeback and jumped 517 points -- its biggest single-day jump in two weeks -- to reclaim the 26,000-mark on gains in healthcare and realty stocks after the US Fed said a case for rate hike in September seemed "less compelling".

  • China, stock market
    Aug 27, 2015 09:25 IST

    China stocks rise early as Wall Street calms global markets

    A strong rebound on Wall Street helped calm global markets after days of wild volatility, helping China's major stock indexes rise on Thursday.

  • Indian currency notes
    Aug 27, 2015 09:50 IST

    Rupee gains 10 paise to Rs 66.04 against US dollar

    The rupee recovered by 10 paise to settle at 66.04 against the American currency on fresh selling of dollar by banks and exporters amid a smart rebound in local equity markets.

  • App
    Aug 27, 2015 00:46 IST

    Coming soon, an app to help you file tax returns

    In a bid to make tax filing easier, the Central Board of Direct Taxes (CBDT) is exploring to come up with a mobile app that is expected to let users connect and check their tax account wherever they are in the world.

  • Union telecom minister Ravi Shankar Prasad
    Aug 27, 2015 00:35 IST

    May penalise telcos if call drop issue is not resolved: Govt

    Concerns raised by Prime Minister Narendra Modi on call drops will be conveyed directly to promoters of telecom companies, with a warning letter saying the government will impose strict penalty if they do not resolve the issue, a senior official of the telecom department said.

  • Arun Jaitley
    Aug 27, 2015 00:29 IST

    Labour reforms: Talks fail, unions to strike on Sept 2

    Central trade union leaders on Wednesday refused to withdraw their nationwide strike call for September 2 to protest against proposed labour reforms, after their meeting with a group of ministers (GoM) failed to make any headway.

  • Wall Street, Stocks, Federal Reserve
    Aug 26, 2015 23:22 IST

    As US markets rise again, Fed may delay rate hike

    As US markets jumped on Wednesday morning, a key Federal Reserve official indicated, without connecting the two, that the rate hike expected in September looked less likely now.

  • ICICI Bank
    Aug 26, 2015 21:55 IST

    ICICI Bank launches new loan product with mortgage guarantee

    In a first in the extremely competitive home finance market, ICICI Bank, on Wednesday, launched a mortgage product backed with a guarantee to help the borrower avail more credit and also extended the tenure, for an upfront fee of 2% of the loan amount.

  • JP Morgan
    Aug 26, 2015 18:56 IST

    Indian-origin ex-JP Morgan analyst accused of insider trading

    A 27-year-old Indian-origin former security analyst at J P Morgan Securities and two of his friends have been booked on charges of insider trading that netted nearly USD 7,00,000 in illicit profits.

  • China, stock market
    Aug 26, 2015 21:09 IST

    Chinese police summon 11 over illegal stock market activities

    Chinese police have summoned 11 people, including a financial journalist, who are under investigations for illegal stock market activities, the state media reported, as the government targets volatility on the exchanges.