The New Indian Express - Business - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Fri, 27 May 2016 02:03:23 +0530 Thu, 26 May 2016 19:25:45 +0530 Business Jaitley disapproves of personal attacks on RBI governor After his nomination to the Rajya Sabha last month, Swamy has demanded Rajan's immediate removal from the post. Thu, 26 May 2016 19:05:31 +0530 Sensex, Nifty end at 2016 closing high; infra up 9 percent The sensex had surged by 485.51 points or 2.28 percent, while the NSE Nifty had risen by 186.05 points or 2.40 percent. Thu, 26 May 2016 17:05:50 +0530 Snapchat raises $1.81 bln in new funding round Snapchat did not disclose its valuation in the latest round of funding in its filing. Thu, 26 May 2016 16:41:59 +0530 Gujarat Government rolls back 5 per cent VAT on industrial salt The move comes after opposition from salt manufacturers for the imposition of VAT. Thu, 26 May 2016 15:48:30 +0530 Wali for commercialization of agriculture Thu, 26 May 2016 15:41:47 +0530 Positive global cues lift equity markets The Sensex has touched a high of 26,226.74 points and a low of 25,941.51 pts, the Nifty edged up by 88.95 points. Thu, 26 May 2016 14:48:07 +0530 Swamy fires fresh salvo; asks PM to sack Rajan immediately Raja has been sending confidential and sensitive financial information using unsecured Chicago Universit claimed Swamy. Thu, 26 May 2016 14:44:10 +0530 Bankruptcy law credit positive for banks: Moody's The current weak legal framework for asset resolution has been a key structural credit weaknesses for Indian banks. Thu, 26 May 2016 14:27:30 +0530 BSE, NSE to conduct mock trading to test system performance BSE will conduct a mock trading session from its disaster recovery site. Thu, 26 May 2016 14:25:09 +0530 Siti Cable Q4 net profit at Rs 24 crore Thu, 26 May 2016 14:20:07 +0530 Market momentum continues, Sensex regains 26k amid F&O expiry The benchmark Sensex rallied by over 187 points to recapture the 26,000-mark. Thu, 26 May 2016 10:21:09 +0530 India could lose USD 49 bn in GDP by food price shock: UN The report said if global food prices double then China could lose USD 161 billion in GDP and India could lose USD 49 billion. Thu, 26 May 2016 10:12:40 +0530 Clothing brands must help ensure Asia's garment workers get a living wage Suppliers in these countries are under enormous pressure to reduce costs and produce garments as quickly as possible. Thu, 26 May 2016 08:30:50 +0530 India seen holding off for now on reducing raw sugar import tax Traders spoke of market talk that India could move to either reduce or cancel the raw sugar import duty. Thu, 26 May 2016 07:56:40 +0530 Microsoft to cut 1,850 jobs at struggling smartphone unit Remaking Microsoft, known primarily for its software, into a more device-focused company was a hallmark of previous chief executive Steve Ballmer. Thu, 26 May 2016 07:54:16 +0530 Gail posts 51percentage increase in net profit Net profit was higher despite turnover declining by 22.43 percent to Rs 11,627 crore  for the quarter year on year. Thu, 26 May 2016 05:11:55 +0530 Tata Steel cuts down net loss by 43.5 percentage to rs 3,214 cr in Q4 Tata Steel said it has not reached a decision on shortlisting any of the seven bidders for selling its loss making operations in Britain. Thu, 26 May 2016 05:11:00 +0530 Rs 70k crore O and G reserves to be put on block in July Thu, 26 May 2016 05:10:39 +0530 India Inc eyeing Rs.2 Trillion from assets to tide over stress At least a 10th of the total debt sales should go through the listing route, as cash-rich conservative corporates find value in such assets. Thu, 26 May 2016 05:10:10 +0530 Green light for first-ever policy on capital goods The manufacturing output grew at its slowest pace in four months in April as new orders stagnated and input costs rose sharply. Thu, 26 May 2016 05:09:21 +0530 Flipkart, IIM-A spat sign of investors tightening screws on startups The spat between Flipkart & the IIM-Ahmedhabad has subjected millions of aspiring B-School students to a rude awakening. Thu, 26 May 2016 05:07:50 +0530 Online petition for second term to Rajan goes viral With Rajan's tenure ending in Sept, an online petition pushing for his second term has gone viral. Wed, 25 May 2016 18:14:29 +0530 46 oil, gas fields up for global auction under revenue share model Cumulatively the surrendered fields hold about 50.8 million tons of oil and 53.45 billion cubic meters of gas. Wed, 25 May 2016 17:39:14 +0530 Smartphone growth in US slowed by almost half in 2015: Report The 2015 growth rate is nearly half the 18.9 percent from the year before, the report added. Wed, 25 May 2016 17:37:33 +0530 India fifth largest producer of e-waste in world: study The rising levels of e-waste generation in India has been a matter of extreme concern in recent years. Wed, 25 May 2016 16:45:23 +0530 Sensex zooms 576 points to log biggest gain in nearly 3 months NSE Nifty crossed the 7,900-mark on a flurry of buying by foreign funds and retail investors amid a firm overseas cues. Wed, 25 May 2016 16:39:40 +0530 Microsoft to trim smartphone business, plans to cut 1,850 jobs Earlier this month, Microsoft divested its entry-level feature phones business for $350 million. Wed, 25 May 2016 16:32:17 +0530 Group of 7 seeks way forward for aging, faltering economies Leaders of the Group of Seven rich nations plan to voice unity over fighting terrorism, pandemics and tax evasion. Wed, 25 May 2016 15:48:08 +0530 India signs 500,000 tonnes of wheat deals for 2016 as drought cuts output The bulk of the deals were signed in the past few weeks with millers paying between $237 and $243 per tonne. Wed, 25 May 2016 13:00:13 +0530 Tata Steel board meeting eve, British min Javid meets Mistry The meeting, which is the second in as many months, was held at the conglomerate's global headquarters Bombay House here. Wed, 25 May 2016 10:27:06 +0530 Jindal Stainless to consider date for issuing shares to JSHL The scheme was approved by the Punjab and Haryana High Court in September, 2015. Wed, 25 May 2016 10:24:50 +0530 Subhash Chandra steps down as Zee Media chairman Subhash Chandra has resigned from the post of Director and Non Executive Chairman of Zee Media. Wed, 25 May 2016 10:20:54 +0530 Sensex takes gains forward, climbs 305 points in early trade The benchmark BSE Sensex rallied around 305 points. Wed, 25 May 2016 09:56:20 +0530 Banks and tech drive Wall Street up over 1 percent Wed, 25 May 2016 08:17:02 +0530 HP Enterprise to merge IT services unit with Computer Sciences Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in extended trading on Tuesday. Wed, 25 May 2016 08:15:00 +0530 After benefits of cheap oil, India counts cost of reduced Gulf remittances All of which makes lower remittances a far smaller headache for India than for its neighbours - Bangladesh, Pakistan and Sri Lanka. Wed, 25 May 2016 08:07:23 +0530 Xander-owned VR on expansion spree Xander Group Inc. is an emerging markets institutional investment firm. It currently manages equity capital of over $2 billion. Wed, 25 May 2016 06:01:02 +0530 Singapore Airlines' long-haul budget arm Scoots into India Tigerair will be replaced by Scoot on the Chennai route, has been operating 12 flights a week with narrow-body aircraft. Wed, 25 May 2016 06:00:43 +0530 UAE tightens norms on Indian veggie exports In the 2015-16 financial year, India had exported 2,62,158 tonnes of fresh vegetables and 48,591 tonnes of fruits. Wed, 25 May 2016 05:41:12 +0530 'Infra and innovation growth to take India to top 30 in ease of doing business within four years' India’s data centre infrastructure market is pegged to hit $7 billion by 2020 from about $2.2 billion currently. Wed, 25 May 2016 05:39:13 +0530 BoI loss widens to L3,587 cr in Q4 as bad loans bite In severe non-payment cases, banks recast loan terms providing a much-needed breather to pursue project development. Wed, 25 May 2016 05:38:15 +0530 Banks haven't moved CDR Cell to recast single bad loan in 12 months In severe non-payment cases, banks recast loan terms providing a much-needed breather to pursue project development. Wed, 25 May 2016 05:37:34 +0530