Business News
Govt asks states to slash VAT on jet fuel to 4 per cent
With Indian airlines posting a combined loss of about Rs 10,000 crore in 2012-13 and a total debt of almost Rs 90,000 crore, the government has asked state governments to slash value added tax (VAT) on jet fuel to 4 per cent and ease a…
Webiste Groupon India offers onions at Rs 9 per kilogram
Groupon India, a shopping website, has tied up with a Delhi-based wholesaler and is offering onions at prices as low as Rs 9 per kilogram.Beginning today Groupon India, which offers a daily deal on best local goods, services and events will deliver onions for…
Nokia CEO to lead Microsoft devices team after purchase, says Steve Ballmer
With Microsoft entering into an agreement to purchase Nokia's Devices & Services business, Stephen Elop will be coming back to lead "an expanded devices team", Microsoft CEO Steve Ballmer has written to his employees. Elop's team, "which includes all of our current Devices and Studios…
Housing prices see downward trends in 22 major cities: NHB
Housing prices in 22 major cities, including Delhi and Mumbai, witnessed a downward trend in April-June period compared to the previous quarter due to slowdown in demand.According to the quarterly update by National Housing Bank (NHB), prices of residential properties in 22 of 26…
HSBC survey reveals manufacturing sector output took a hit in August as orders dip
The HSBC/Markit Purchasing Managers Index for the manufacturing industry stood at 48.5 in August, lower from 50.1 in July, indicating an overall contraction.The latest index reading was the lowest in over four and a half years and the first sub-50.0 reading since March 2009.…
Indian Oil, BPCL shares gain on RBI nod to dollar buying
Shares of Indian Oil and Bharat Petroleum gained on Thursday after the Reserve Bank of India (RBI) opened a special window to help meet the foreign-exchange requirements of state-owned oil refining companies.Indian Oil shares gained 1.45 per cent to Rs 209.55 while Bharat Petroleum…
SBI raises interest rate on bulk deposits by up to 1.5pc
State Bank of India (SBI) on Thursday raised interest rates by up to 1.5 per cent on bulk deposits of over Rs 1 crore. The interest rate for bulk deposits for the tenors 7-60 days will be 9 per cent.Fixed deposits between 61 days…
BSE Sensex down over 200 points in morning trade on rupee woes
The BSE benchmark Sensex shed its three sessions of gains and tanked over 200 points in the morning trade on Tuesday following fresh selling after rupee again breached 65-mark amid a weakening trend overseas.At 10.27 am, Sensex was down 237.91 points at 18320.22. Similarly,…
Asian stocks, currencies start new week on calmer note
Asian stocks rose and gold hit a near three-month high on Monday, extending a move started late last week when a steep drop in U.S. new home sales tempered expectations the Federal Reserve will soon reduce stimulus.Trading was subdued, particularly in the currency markets,…
BSE Sensex rises; L&T, Sesa Goa gain
Reuters Market Eye - The benchmark BSE Sensex is up 0.95 percent, while the broader Nifty is up 0.87 percent, heading towards their third consecutive day of gains.Larsen & Toubro Ltd (LART.NS) gains 2.2 percent after Barclays upgrades the stock to "overweight", citing a…
Recommended News
Recent News
Japan stocks continue to gain despite the Brexit turmoil
Japanese shares on Tuesday continued to roll back losses from last Friday's sharp post-Brexit tumble.
After initial losses in morning……
VW US emissions settlement reported to cost $15bn
German carmaker Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners after admitting it cheated emission tests.……
EU referendum: What next for the world's central banks?
Economic policymakers must now decide whether and how they should respond to the UK's vote to leave the EU.
A……
Tesco To Sell Coffee Chain To Caffe Nero
Shares rise as the supermarket reveals plans to sell its coffee business and reports more sales growth for the wider……
Flat Day For Pound As EU Vote Looms Large
A much calmer session for the pound and world stock markets, reflecting relative calm despite the referendum on Thursday.
Sterling……
More Than 1,280 Business Leaders Urge Remain
Figures such as Richard Branson and Charles Dunstone join printers and farmers in calling on people to reject Brexit on……
China builds world's most powerful computer
A new supercomputer from China has topped the latest list of the world's most powerful machines.
The 93 petaflop Sunway……
Telcos better network quality; more to be done for call drops
Most of the telecom operators have shown improvement in network performance although Airtel, Vodafone, Reliance, Aircel and Idea need to……
Markets end higher taking Rexit in stride, easing Brexit worries
Markets ended higher on Monday after opinon polls in Britain over the weekend, ahead of the referendum on Thursday, increased……
Govt approves 100% FDI in aviation, defence, e-commerce
Government on Monday relaxed foreign direct investment norms in a host of sectors including civil aviation, single-brand retail, defence and……
More Business News