Business

  • incometax
    Sep 02, 2015 17:53 IST

    Govt extends deadline to file Income Tax returns to Sep 7

    The government, on Wednesday, extended the last date for filing Income Tax return to September 07, a week more than its initial deadline of August 31.

  • Bharti Airtel logo
    Sep 02, 2015 16:27 IST

    Ericsson bags 3G, 4G network contracts from Bharti Airtel

    Swedish telecom equipment maker Ericsson said on Wednesday it has bagged a four-year 4G network rollout contract in Delhi from Bharti Airtel.

  • Sensex
    Sep 02, 2015 16:09 IST

    Indian shares to buck trends in gold, oil and global markets

    There’s something strange happening on Indian stock markets. Notwithstanding the losses of the past 10 days, the Sensex is expected to notch up decent gains this year. The remarkable thing is that this will happen at a time when oil and gold are falling and other assets like real estate and stocks in major global markets are struggling, a wholesale breakdown of correlations for the first time in years. What’s at play, and what’s likely to happen next?

  • Budget, oil, petroleum
    Sep 02, 2015 13:01 IST

    Govt to auction 69 small and marginal oil, gas fields

    India will auction 69 small and marginal oil and gas fields surrendered by state explorers offering operators full marketing and pricing freedom, oil minister Dharmendra Pradhan said on Wednesday.

  • Indian economy
    Sep 02, 2015 15:03 IST

    Arvind Subramanian says deflation is a new challenge

    The government flagged deflation as a new challenge for the economy but expressed hope that the growth will be close to 8% this fiscal year, notwithstanding lower first quarter GDP number.

  • Sensex
    Sep 02, 2015 10:13 IST

    Sensex slips 243 points as China concerns trump MAT relief

    Government announcing a major relief to foreign investors may have revived Indian market from one-year lows on Wednesday, but the benchmark BSE Sensex plunged heavily by 242.88 points to 25,453.56 on worries over economic slowdown in China and its impact on world growth.

  • Sep 02, 2015 10:02 IST

    What terming SBI, ICICI as ‘systemically important’ means

    Why were SBI and ICICI Bank declared systemically important by RBI? Primarily because of their size.

  • rupee
    Sep 02, 2015 09:38 IST

    Rupee continues to rise, ends 3 paise higher against USD

    Rising for the second consecutive day, the rupee closed 3 paise higher at 66.19 against the US dollar on fag-end selling of the greenback by banks and exporters on Wednesday.

  • Air India
    Sep 01, 2015 23:34 IST

    Blow to Air India, 30 senior Dreamliner pilots resign

    A quarter of the Air India's Boeing 787 co-pilots, trained at a cost of Rs 15 crore, are eyeing jobs as commanders. The state-owned airline operator is surviving on a bailout funded by the taxpayer.

  • China yuan devaluation Economy
    Sep 02, 2015 09:12 IST

    China slowdown fuels fresh Asia equity woes after global rout

    Shanghai led a broad Asian equities sell-off Wednesday, plunging more than 4%, as further evidence of slowing in China's economy brought a new bout of volatility to global markets.

  • Economy
    Sep 02, 2015 08:40 IST

    Analysts point to three unanswered questions in GDP data

    The latest economic growth numbers for the first quarter of the current fiscal year released on Monday have puzzled analysts. They see three closely inter-related problems.

  • Stock market
    Sep 01, 2015 23:26 IST

    Foreign investors add to market rout, MAT may give breather

    After Tuesday’s sell-off, the markets look set for more losses ahead, with analysts raising red flags over muted private sector investments and declining exports, and foreign brokerages cutting their growth forecasts.

  • Arun Jaitley
    Sep 01, 2015 20:29 IST

    No retrospective MAT on FIIs; govt accepts Shah panel report

    Finance minister Arun Jaitley had in his Budget for 2015-16 exempted FIIs from the levy from April 1. FIIs had argued that MAT is applicable only to domestic companies that had their base in India. By virtue of not being established in India, they should be "exempted".

  • Car assembly factory
    Sep 01, 2015 14:38 IST

    Factory output growth slips in Aug; all eyes on RBI for rate cut

    Manufacturing sector grew at a slower pace in August as order flow turned sluggish and forced the companies to cut prices, a business survey showed on Tuesday, adding to the clamour for interest rate cut by RBI.

  • Jet Airways
    Sep 01, 2015 13:11 IST

    Prices of jet fuel ATF, non-subsidised LPG slashed

    ATF or jet fuel price was slashed by a steep 11.7% on Tuesday, while rates of non-subsidised cooking gas LPG were reduced by Rs 25.5 per cylinder in line with dip in international prices.