The New Indian Express - Business - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Fri, 12 Feb 2016 00:44:18 +0530 Thu, 11 Feb 2016 20:48:42 +0530 Business Rajan Says Banks Need Deep Surgery,But Assures No More AQR Now RBI chief Raghuram Rajan said a deep surgery is must for the clean-up that would require an anaesthetic in the form of recognising NPAs on their books. Thu, 11 Feb 2016 20:48:26 +0530 Trai Recommends Licence Amendment to Facilitate Internet Calls Thu, 11 Feb 2016 20:43:57 +0530 CPCL Registers Q3 Net Profit of Rs 33.97 crore Thu, 11 Feb 2016 19:02:53 +0530 80,000 Coolpad Note 3 Lite Devices Sold in 41 Seconds Chinese smartphone maker Coolpad on Thursday announced that it sold 80,000 units of Coolpad Note 3 Lite in 41 seconds. Thu, 11 Feb 2016 17:47:47 +0530 Indian Bank Q3 Net Tanks 85% at Rs 42.30 crore Thu, 11 Feb 2016 17:36:06 +0530 Ten Biggest Falls in Sensex History At the best of times, India’s Sensex is like a plane in turbulence. Here are the 10 biggest falls in the Indian stock market history. Thu, 11 Feb 2016 17:11:07 +0530 Amuse Yourself in India in a Pocket-Friendly Way with OYO Rooms Thu, 11 Feb 2016 17:10:23 +0530 Market Meltdown: Sensex Plummets 807 Points to crack 23,000-mark In a bloody carnage on Dalal Street, market benchmark Sensex plunged by 807.07 points today. Thu, 11 Feb 2016 16:52:51 +0530 Natco Pharma Q3 Net Profit Rises Over Two-fold to Rs 37.15 crore Thu, 11 Feb 2016 16:13:51 +0530 Voltas Q3 Net Profit Falls 49.52% to Rs 54.19 crore Thu, 11 Feb 2016 16:12:29 +0530 Worrying Imbalances Lurk Below India's High Headline Growth India's turbocharged growth figures have been criticised by many analysts for giving too flattering a view of Asia's third-largest economy. Thu, 11 Feb 2016 16:08:28 +0530 Aditya Birla Nuvo Q3 Net Profit Rises 7.98% to Rs 397.53 crore Thu, 11 Feb 2016 15:56:11 +0530 Market Mayhem: Sensex Crashes 800 Points to crack 23,000-level Sensex crashed below 23,000-level in pre-close session after nosediving over 800 points while the NSE Nifty broke 7,000-mark. Thu, 11 Feb 2016 15:48:22 +0530 Sensex Falls More Than 2 Percent; SBI Falters After Earnings The BSE Sensex slumped more than 2 percent to its lowest since May 2014 and headed for a fourth consecutive session of losses. Thu, 11 Feb 2016 14:28:05 +0530 7.6% Growth Amid Global Turmoil is Noteworthy: Finance Ministry Terming the 7.6 per cent growth projection for current fiscal as "noteworthy and very significant" amidst global turmoil. Thu, 11 Feb 2016 13:55:08 +0530 BSE Urges Government for Separate Commodity Segment on Stock Exchanges Leading bourse BSE has urged the government to permit equity exchanges to have a separate commodity derivatives segment. Thu, 11 Feb 2016 12:41:08 +0530 Nippon Gets CCI Nod for Hiking Stake in Reliance Life to 49% CCI has approved Japanese insurer Nippon Life's additional 23 per cent stake purchase plan in Reliance Life Insurance in a deal worth Rs 2,265 crore. Thu, 11 Feb 2016 12:38:57 +0530 India to Link Savings Deposit Terms to Market Rates India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter. Thu, 11 Feb 2016 12:22:12 +0530 Nokia Posts Strong Network Result, Warns Over China Slowdown Nokia reported better-than-expected profits for its mainstay telecom network equipment business but warned slowing of rollouts for new mobile networks. Thu, 11 Feb 2016 12:09:21 +0530 Falls in Rupee, Stocks not Exceptional: Shaktikanta Das The decline by the Indian rupee against the U.S. dollar is not exceptional and the currency is performing relatively well. Thu, 11 Feb 2016 12:00:22 +0530 Zuckerberg Slams Facebook Director Andreessen Over Offensive Tweet About Free Basics Facebook CEO Mark Zuckerberg disowned his colleague's controversial statement that Free Basics was same as colonialism, saying it was "deeply upsetting". Thu, 11 Feb 2016 11:41:39 +0530 India's Gold Demand Remains Flat at 849 Tonnes in 2015: World Gold Council India remained cautious on gold buying in 2015 as demand remained nearly flat at 848.9 tonnes compared to the previous year. Thu, 11 Feb 2016 11:13:07 +0530 French IT Major Capgemini to Complete IGATE Merger by June, Rules Out Job Cuts French IT major Capgemini will complete integration of business with IGATE, which it had acquired in a USD 4-billion deal, by June. Thu, 11 Feb 2016 11:00:56 +0530 Coca Cola Suspends Manufacturing at 3 Plants in India, Cites 'Long-term Economic Viability' Coca Cola India's bottling arm Hindustan Coca Cola Beverages has suspended manufacturing at three locations in India. Thu, 11 Feb 2016 10:31:04 +0530 RBI Rejected Headley's Application to Open Business Account in 2007 The Reserve Bank of India had rejected an application by Lashkar-e-Taiba (LeT) terrorist-turned-approver David Coleman Headley. Thu, 11 Feb 2016 10:23:58 +0530 Increasing Demand of Dollar Pushes Rupee Down by 8 Paise in Early Trade The rupee lost 8 paise to 67.93 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand. Thu, 11 Feb 2016 10:12:44 +0530 Boeing Says to Cut Commercial Airplane Jobs to Reduce Costs Boeing to cut jobs at its commercial airplane unit, addressing intense pressure to reduce costs and compete with Airbus even as the industry booms. Thu, 11 Feb 2016 10:03:20 +0530 Sensex Remains Weak, Opens 148 Points Down; Nifty Cracks 7,200 Sensex plunged over 148 points, NSE Nifty dipped below the 7,200-mark in early trade on sustained selling by funds and retail investors. Thu, 11 Feb 2016 09:55:37 +0530 Government to Meet FY16 Tax Collection Target Hasmukh Adhia, Revenue Secretary on Wednesday said that the government is confident of meeting its overall tax collection targets for fiscal 2015-16. Thu, 11 Feb 2016 05:21:52 +0530 Now, Kalyan Jewellers Forays Into E-commerce Sector Kerala-based Kalyan Jewellers has joined the e-commerce bandwagon. It has tied up with Flipkart to foray into e-commerce. Thu, 11 Feb 2016 05:20:59 +0530 Myntra Founder Mukesh Bansal Leaves Flipkart It’s most high-profile exit for Flipkart, which is competing with Amazon and Snapdeal Thu, 11 Feb 2016 05:20:32 +0530 Higher Provisions, Write-offs on Assets to Dent Banks' Valuation As public sector banks continue a ‘deep surgery’ for a few more quarters to wipe off bad loans, analysts say valuations of banks will be impacted this fiscal. Thu, 11 Feb 2016 05:19:08 +0530 Blackmoney: RBI Invites Applications for Regularisation of Declared Wealth he Reserve Bank said that those who have declared unaccounted overseas assets under the blackmoney law should file application with its central office for regularisation of declared wealth. Wed, 10 Feb 2016 22:06:40 +0530 Tata Chemicals Q3 Profit Down 45% to Rs 130 crore Wed, 10 Feb 2016 19:03:18 +0530 Suresh Prabhu Launches IRCTC's 'Takeaway e-bedroll' Facility The Railway Ministry has given the go-ahead to the pilot project of E-Bedroll that allows passengers to avail bedroll kits through online booking Wed, 10 Feb 2016 18:22:24 +0530 Mahindra and Mahindra Showcases Future of Mobility to India’s Decision Makers’s-Decision-Makers/2016/02/10/article3270423.ece Mahindra showcased its “Future of Mobility” program to key decision makers at an event held at the Taj Palace in New Delhi. Wed, 10 Feb 2016 18:15:48 +0530’s-Decision-Makers/2016/02/10/article3270423.ece Need to Withdraw Duty on Import of Used Cooking Oil to be Used as Bio-diesel: Nitin Gadkari Gadkari said that the Govt intents to build smart cities at 10 major ports; needs to construct houses worth less than Rs. five lakh to promote low-cost housing for poor. Wed, 10 Feb 2016 18:11:35 +0530 Indian Companies to Join Hands with African Companies for Sufficient Production: Radha Mohan Singh Government of India, Singh said Indian companies could also take advantage of the Government’s decision to establish food processing clusters in African countries. Wed, 10 Feb 2016 18:08:15 +0530 Bank of Maharashtra Posts Rs.89 Crore Profit Wed, 10 Feb 2016 17:54:22 +0530 Airtel Moves 40,000 Network Sites to Green Technology Bharti Airtel on Wednesday announced the migration of 40,000 of its network sites across India to green technology. Wed, 10 Feb 2016 17:50:12 +0530 Sensex Slumps 262 Points to End at 21-Month Low The 50-share NSE Nifty tumbled 82.50 points or 1.13 per cent to close at 7,215.70 after touching a low of 7,177.75. Wed, 10 Feb 2016 16:51:29 +0530 Bullion Market Closed Due to Protest Against PAN Card Requirement Wed, 10 Feb 2016 14:30:21 +0530 Bajaj Electricals Q3 net Profit at Rs 29.31 crore Wed, 10 Feb 2016 14:24:49 +0530 India Cements Q3 net profit at Rs 5 crore Wed, 10 Feb 2016 14:21:34 +0530 Britannia Industries Gears up for Big Play in Dairy Segment Britannia is gearing up for a full-fledged play in the estimated Rs 85,000 crore Indian dairy market as part of its overall strategy to be a total food company. Wed, 10 Feb 2016 13:17:51 +0530 Government to Meet FY16 Tax Revenue Target: Adhia Weeks before it presents Budget for the next fiscal, the government today said it will achieve the tax revenue target for the current year. Wed, 10 Feb 2016 13:11:53 +0530 Global Turmoil Battering Market, Government Taking Measures: Finance Ministry Finance Ministry attributed the fall is domestic equities to turmoil in global economy and said the government is addressing the challenges. Wed, 10 Feb 2016 11:46:01 +0530 Renault India to Export Kwid, Ramp up Production French automobile maker Renault would start exports of its car Kwid to South Asian Association for Regional Cooperation (SAARC) countries. Wed, 10 Feb 2016 10:42:21 +0530 Are Europe's Banks Facing Their Lehman Moment? A bad year for European banks just got a whole lot worse. The Euro Stoxx 600 Index of leading bank shares has lost. Wed, 10 Feb 2016 10:12:14 +0530 Deutsche Bank Woes Prompt Fears of a Fresh Financial Crisis Fears of a new financial crisis grew after global stock markets were rocked by concerns over the health of Germany's biggest bank. Wed, 10 Feb 2016 10:05:04 +0530 Sensex Sheds 141 Points in Early Trade The 30-scrip Sensitive Index (Sensex), on Wednesday was trading 141.51 points, or 0.59 percent, down during the morning session. Wed, 10 Feb 2016 09:47:29 +0530 Sinha Bats for Changes in Cos Act, Sebi Norms Proposed bankruptcy code will go a long way in strengthening creditors rights in India Wed, 10 Feb 2016 05:12:54 +0530 Sharma Slots Next Test Drive on Call Quality by April Wed, 10 Feb 2016 05:11:46 +0530 Bad Assets Hit PNB Hard; Net Nosedives 93 Percent Wed, 10 Feb 2016 05:11:38 +0530 Global Cues Push Gold to 14-mth High, Back at Mount 28K Gold regained the Rs 28,000-mark by soaring Rs 710, on Tuesday. Wed, 10 Feb 2016 05:11:08 +0530 'Need $5 bn to Make Biotech $100 bn Sector' Wed, 10 Feb 2016 05:10:18 +0530 IOB to Firm Up Business With Improved Customer Service Wed, 10 Feb 2016 05:09:50 +0530