Business
US Wants Level-playing Field For its Companies in India: Official
Alice Wells, Principal Deputy Assistant Secretary for South and Central Asian Affairs said the Trump administration wanted to "realise the potential" of the India-US Trade relationship by supporting recent growth in aviation, energy and defence sales.
US Bans American Companies From Selling to Chinese Phone Maker ZTE
The ban is the result of ZTE's failure to comply with an agreement with the US government after it pleaded guilty last year in federal court in Texas to conspiring to violate US sanctions by illegally shipping US goods and technology to Iran.
Macro Stability Boosts Market; Sensex Posts 8th Straight Gain
Indian markets recovered towards the fag-end as participants took comfort from encouraging inflation and industrial output numbers.
Wholesale Price Inflation Eases in March as Food Items Turn Cheaper
On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year.
Nirav Modi Scam: ICAI Sends Notices to Statutory Auditors of Brady House Branch
The chartered accountants' apex body has made a list of the statutory auditors of the Brady House branch during 2011-12 to 2016-17, and asked them to appear before its Board of Discipline. Statutory auditors are members of ICAI and are governed by the ape...
Come April, Infosys to Roll Out Mid to High Single-digit Salary Hike
Infosys COO Pravin Rao said said the attrition at the company for the March quarter had increased to 16.6 per cent as compared to 15.8 per cent in the previous quarter.
Fares for Mumbai-Ahmedabad Bullet Train Likely Between Rs 250 and Rs 3,000
Achal Khare, the managing director of National High Speed Rail Corporation Ltd (NHSRCL), said safety and punctuality would be the hallmark of the high-speed corridor and the journey time between the two cities will come down to only 15 minutes and Rs 250...
It's 'Fear Mongering': BSE CEO Says Value of PNB Scam Equal to 3 Days of Banking System's Interest
Addressing the Massachusetts Institute of Technology (MIT) students at the annual MIT India Conference yesterday, Chauhan, the Bombay Stock Exchange (BSE) head, said that India's banking sector is fairly strong and regulated.
It's 'Fearmongering': BSE CEO on Talk of India's Banking Sector Crisis Post PNB Fraud
India's second-largest state-run lender Punjab National Bank (PNB) was hit by the country's biggest-ever banking fraud of more than Rs 13,000-crore allegedly perpetrated by billionaire diamantaire Nirav and his associates in connivance with some bank offi...
IndiGo Says No to Acquiring Air India Under Current Sale Terms
"From day one, IndiGo has expressed its interest primarily in the acquisition of Air India's international operation and Air India Express. However, that option is not available under the government's current disinvestment plan for Air India.
RBI Dumps GVA Model, Switches Back to GDP to Measure Economy
While GVA gives a picture of the state of economic activity from the producers' side or supply side, the GDP model gives the picture from the consumers' side or demand perspective.
Govt to Offer $3-4 Billion Development Plan For Giant Iran Gas Field: Report
Relations between the two countries, which have long held deep trade ties, were strained last year after Iran sought other investors for the field and media reports suggested Tehran would award it to Russia's Gazprom.
Sensex Rises For 2nd Day; Banks Rally On RBI Breather
The Sensex Tuesday resumed lower and slipped further to hit a low of 33,153.83 on a bearish trend in other Asian markets, tracking overnight losses at the Wall Street on weakness in technology shares and trade tension between the US and China.
RBI Drops Axis Bank from List of Bullion Importers
It was unclear why Axis, one of India's leading importers of bullion, did not feature in the list that was released late on Monday.
Paytm Mall Gets Rs 2900 Crore From SoftBank, Alibaba, Valued at 2 Billion US Dollars
When contacted, Paytm Mall COO Amit Sinha said the latest investment led by Softbank and Alibaba reaffirms the strength of the company's business model, growth trajectory and execution capability.
Fuel Prices on Fire, Oil Minister Dharmendra Pradhan Passes the Buck to States on Tax Cut
Subsequent to that excise duty reduction, the Centre had asked states to also lower VAT but just four of them -- Maharashtra, Gujarat, Madhya Pradesh and Himachal Pradesh -- reduced rates while others including BJP-ruled ones ignored the call.