The New Indian Express - Business - http://www.newindianexpress.com/business/ http://www.newindianexpress.com/ 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 http://www.newindianexpress.com/business/news/Jaitley-disapproves-of-personal-attacks-on-RBI-governor/2016/05/26/article3452466.ece 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 http://www.newindianexpress.com/business/news/Jaitley-disapproves-of-personal-attacks-on-RBI-governor/2016/05/26/article3452466.ece Sensex, Nifty end at 2016 closing high; infra up 9 percent http://www.newindianexpress.com/business/news/Sensex-Nifty-end-at-2016-closing-high-infra-up-9-percent/2016/05/26/article3452418.ece 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 http://www.newindianexpress.com/business/news/Sensex-Nifty-end-at-2016-closing-high-infra-up-9-percent/2016/05/26/article3452418.ece Snapchat raises $1.81 bln in new funding round http://www.newindianexpress.com/business/news/Snapchat-raises-1.81-bln-in-new-funding-round/2016/05/26/article3452408.ece Snapchat did not disclose its valuation in the latest round of funding in its filing. Thu, 26 May 2016 16:41:59 +0530 http://www.newindianexpress.com/business/news/Snapchat-raises-1.81-bln-in-new-funding-round/2016/05/26/article3452408.ece Gujarat Government rolls back 5 per cent VAT on industrial salt http://www.newindianexpress.com/business/news/Gujarat-Government-rolls-back-5-per-cent-VAT-on-industrial-salt/2016/05/26/article3452385.ece The move comes after opposition from salt manufacturers for the imposition of VAT. Thu, 26 May 2016 15:48:30 +0530 http://www.newindianexpress.com/business/news/Gujarat-Government-rolls-back-5-per-cent-VAT-on-industrial-salt/2016/05/26/article3452385.ece Wali for commercialization of agriculture http://www.newindianexpress.com/business/news/Wali-for-commercialization-of-agriculture/2016/05/26/article3452383.ece Thu, 26 May 2016 15:41:47 +0530 http://www.newindianexpress.com/business/news/Wali-for-commercialization-of-agriculture/2016/05/26/article3452383.ece Positive global cues lift equity markets http://www.newindianexpress.com/business/news/Positive-global-cues-lift-equity-markets/2016/05/26/article3452332.ece 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 http://www.newindianexpress.com/business/news/Positive-global-cues-lift-equity-markets/2016/05/26/article3452332.ece Swamy fires fresh salvo; asks PM to sack Rajan immediately http://www.newindianexpress.com/business/news/Swamy-fires-fresh-salvo-asks-PM-to-sack-Rajan-immediately/2016/05/26/article3452326.ece Raja has been sending confidential and sensitive financial information using unsecured Chicago Universit claimed Swamy. Thu, 26 May 2016 14:44:10 +0530 http://www.newindianexpress.com/business/news/Swamy-fires-fresh-salvo-asks-PM-to-sack-Rajan-immediately/2016/05/26/article3452326.ece Bankruptcy law credit positive for banks: Moody's http://www.newindianexpress.com/business/news/Bankruptcy-law-credit-positive-for-banks-Moodys/2016/05/26/article3452313.ece 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 http://www.newindianexpress.com/business/news/Bankruptcy-law-credit-positive-for-banks-Moodys/2016/05/26/article3452313.ece BSE, NSE to conduct mock trading to test system performance http://www.newindianexpress.com/business/news/BSE-NSE-to-conduct-mock-trading-to-test-system-performance/2016/05/26/article3452309.ece BSE will conduct a mock trading session from its disaster recovery site. Thu, 26 May 2016 14:25:09 +0530 http://www.newindianexpress.com/business/news/BSE-NSE-to-conduct-mock-trading-to-test-system-performance/2016/05/26/article3452309.ece Siti Cable Q4 net profit at Rs 24 crore http://www.newindianexpress.com/business/news/Siti-Cable-Q4-net-profit-at-Rs-24-crore/2016/05/26/article3452304.ece Thu, 26 May 2016 14:20:07 +0530 http://www.newindianexpress.com/business/news/Siti-Cable-Q4-net-profit-at-Rs-24-crore/2016/05/26/article3452304.ece Market momentum continues, Sensex regains 26k amid F&O expiry http://www.newindianexpress.com/business/news/Market-momentum-continues-Sensex-regains-26k-amid-FO-expiry/2016/05/26/article3452217.ece The benchmark Sensex rallied by over 187 points to recapture the 26,000-mark. Thu, 26 May 2016 10:21:09 +0530 http://www.newindianexpress.com/business/news/Market-momentum-continues-Sensex-regains-26k-amid-FO-expiry/2016/05/26/article3452217.ece India could lose USD 49 bn in GDP by food price shock: UN http://www.newindianexpress.com/business/news/India-could-lose-USD-49-bn-in-GDP-by-food-price-shock-UN/2016/05/26/article3452215.ece 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 http://www.newindianexpress.com/business/news/India-could-lose-USD-49-bn-in-GDP-by-food-price-shock-UN/2016/05/26/article3452215.ece Clothing brands must help ensure Asia's garment workers get a living wage http://www.newindianexpress.com/business/news/Clothing-brands-must-help-ensure-Asias-garment-workers-get-a-living-wage/2016/05/26/article3452185.ece 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 http://www.newindianexpress.com/business/news/Clothing-brands-must-help-ensure-Asias-garment-workers-get-a-living-wage/2016/05/26/article3452185.ece India seen holding off for now on reducing raw sugar import tax http://www.newindianexpress.com/business/news/India-seen-holding-off-for-now-on-reducing-raw-sugar-import-tax/2016/05/26/article3452171.ece 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 http://www.newindianexpress.com/business/news/India-seen-holding-off-for-now-on-reducing-raw-sugar-import-tax/2016/05/26/article3452171.ece Microsoft to cut 1,850 jobs at struggling smartphone unit http://www.newindianexpress.com/business/news/Microsoft-to-cut-1850-jobs-at-struggling-smartphone-unit/2016/05/26/article3452170.ece 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 http://www.newindianexpress.com/business/news/Microsoft-to-cut-1850-jobs-at-struggling-smartphone-unit/2016/05/26/article3452170.ece Gail posts 51percentage increase in net profit http://www.newindianexpress.com/business/news/Gail-posts-51percentage-increase-in-net-profit/2016/05/26/article3451261.ece 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 http://www.newindianexpress.com/business/news/Gail-posts-51percentage-increase-in-net-profit/2016/05/26/article3451261.ece Tata Steel cuts down net loss by 43.5 percentage to rs 3,214 cr in Q4 http://www.newindianexpress.com/business/news/Tata-Steel-cuts-down-net-loss-by-43.5-percentage-to-rs-3214-cr-in-Q4/2016/05/26/article3451259.ece 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 http://www.newindianexpress.com/business/news/Tata-Steel-cuts-down-net-loss-by-43.5-percentage-to-rs-3214-cr-in-Q4/2016/05/26/article3451259.ece Rs 70k crore O and G reserves to be put on block in July http://www.newindianexpress.com/business/news/Rs-70k-crore-O-and-G-reserves-to-be-put-on-block-in-July/2016/05/26/article3451258.ece Thu, 26 May 2016 05:10:39 +0530 http://www.newindianexpress.com/business/news/Rs-70k-crore-O-and-G-reserves-to-be-put-on-block-in-July/2016/05/26/article3451258.ece India Inc eyeing Rs.2 Trillion from assets to tide over stress http://www.newindianexpress.com/business/news/India-Inc-eyeing-Rs.2-Trillion-from-assets-to-tide-over-stress/2016/05/26/article3451255.ece 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 http://www.newindianexpress.com/business/news/India-Inc-eyeing-Rs.2-Trillion-from-assets-to-tide-over-stress/2016/05/26/article3451255.ece Green light for first-ever policy on capital goods http://www.newindianexpress.com/business/news/Green-light-for-first-ever-policy-on-capital-goods/2016/05/26/article3451254.ece 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 http://www.newindianexpress.com/business/news/Green-light-for-first-ever-policy-on-capital-goods/2016/05/26/article3451254.ece Flipkart, IIM-A spat sign of investors tightening screws on startups http://www.newindianexpress.com/business/news/Flipkart-IIM-A-spat-sign-of-investors-tightening-screws-on-startups/2016/05/26/article3451251.ece 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 http://www.newindianexpress.com/business/news/Flipkart-IIM-A-spat-sign-of-investors-tightening-screws-on-startups/2016/05/26/article3451251.ece Online petition for second term to Rajan goes viral http://www.newindianexpress.com/business/news/Online-petition-for-second-term-to-Rajan-goes-viral/2016/05/25/article3450822.ece 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 http://www.newindianexpress.com/business/news/Online-petition-for-second-term-to-Rajan-goes-viral/2016/05/25/article3450822.ece 46 oil, gas fields up for global auction under revenue share model http://www.newindianexpress.com/business/news/46-oil-gas-fields-up-for-global-auction-under-revenue-share-model/2016/05/25/article3450792.ece 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 http://www.newindianexpress.com/business/news/46-oil-gas-fields-up-for-global-auction-under-revenue-share-model/2016/05/25/article3450792.ece Smartphone growth in US slowed by almost half in 2015: Report http://www.newindianexpress.com/business/news/Smartphone-growth-in-US-slowed-by-almost-half-in-2015-Report/2016/05/25/article3450788.ece 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 http://www.newindianexpress.com/business/news/Smartphone-growth-in-US-slowed-by-almost-half-in-2015-Report/2016/05/25/article3450788.ece India fifth largest producer of e-waste in world: study http://www.newindianexpress.com/business/news/India-fifth-largest-producer-of-e-waste-in-world-study/2016/05/25/article3450764.ece 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 http://www.newindianexpress.com/business/news/India-fifth-largest-producer-of-e-waste-in-world-study/2016/05/25/article3450764.ece Sensex zooms 576 points to log biggest gain in nearly 3 months http://www.newindianexpress.com/business/news/Sensex-zooms-576-points-to-log-biggest-gain-in-nearly-3-months/2016/05/25/article3450753.ece 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 http://www.newindianexpress.com/business/news/Sensex-zooms-576-points-to-log-biggest-gain-in-nearly-3-months/2016/05/25/article3450753.ece Microsoft to trim smartphone business, plans to cut 1,850 jobs http://www.newindianexpress.com/business/news/Microsoft-to-trim-smartphone-business-plans-to-cut-1850-jobs/2016/05/25/article3450743.ece Earlier this month, Microsoft divested its entry-level feature phones business for $350 million. Wed, 25 May 2016 16:32:17 +0530 http://www.newindianexpress.com/business/news/Microsoft-to-trim-smartphone-business-plans-to-cut-1850-jobs/2016/05/25/article3450743.ece Group of 7 seeks way forward for aging, faltering economies http://www.newindianexpress.com/business/news/Group-of-7-seeks-way-forward-for-aging-faltering-economies/2016/05/25/article3450709.ece 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 http://www.newindianexpress.com/business/news/Group-of-7-seeks-way-forward-for-aging-faltering-economies/2016/05/25/article3450709.ece India signs 500,000 tonnes of wheat deals for 2016 as drought cuts output http://www.newindianexpress.com/business/news/India-signs-500000-tonnes-of-wheat-deals-for-2016-as-drought-cuts-output/2016/05/25/article3450630.ece 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 http://www.newindianexpress.com/business/news/India-signs-500000-tonnes-of-wheat-deals-for-2016-as-drought-cuts-output/2016/05/25/article3450630.ece Tata Steel board meeting eve, British min Javid meets Mistry http://www.newindianexpress.com/business/news/Tata-Steel-board-meeting-eve-British-min-Javid-meets-Mistry/2016/05/25/article3450515.ece 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 http://www.newindianexpress.com/business/news/Tata-Steel-board-meeting-eve-British-min-Javid-meets-Mistry/2016/05/25/article3450515.ece Jindal Stainless to consider date for issuing shares to JSHL http://www.newindianexpress.com/business/news/Jindal-Stainless-to-consider-date-for-issuing-shares-to-JSHL/2016/05/25/article3450513.ece The scheme was approved by the Punjab and Haryana High Court in September, 2015. Wed, 25 May 2016 10:24:50 +0530 http://www.newindianexpress.com/business/news/Jindal-Stainless-to-consider-date-for-issuing-shares-to-JSHL/2016/05/25/article3450513.ece Subhash Chandra steps down as Zee Media chairman http://www.newindianexpress.com/business/news/Subhash-Chandra-steps-down-as-Zee-Media-chairman/2016/05/25/article3450508.ece Subhash Chandra has resigned from the post of Director and Non Executive Chairman of Zee Media. Wed, 25 May 2016 10:20:54 +0530 http://www.newindianexpress.com/business/news/Subhash-Chandra-steps-down-as-Zee-Media-chairman/2016/05/25/article3450508.ece Sensex takes gains forward, climbs 305 points in early trade http://www.newindianexpress.com/business/news/Sensex-takes-gains-forward-climbs-305-points-in-early-trade/2016/05/25/article3450489.ece The benchmark BSE Sensex rallied around 305 points. Wed, 25 May 2016 09:56:20 +0530 http://www.newindianexpress.com/business/news/Sensex-takes-gains-forward-climbs-305-points-in-early-trade/2016/05/25/article3450489.ece Banks and tech drive Wall Street up over 1 percent http://www.newindianexpress.com/business/news/Banks-and-tech-drive-Wall-Street-up-over-1-percent/2016/05/25/article3450446.ece Wed, 25 May 2016 08:17:02 +0530 http://www.newindianexpress.com/business/news/Banks-and-tech-drive-Wall-Street-up-over-1-percent/2016/05/25/article3450446.ece HP Enterprise to merge IT services unit with Computer Sciences http://www.newindianexpress.com/business/news/HP-Enterprise-to-merge-IT-services-unit-with-Computer-Sciences/2016/05/25/article3450441.ece 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 http://www.newindianexpress.com/business/news/HP-Enterprise-to-merge-IT-services-unit-with-Computer-Sciences/2016/05/25/article3450441.ece After benefits of cheap oil, India counts cost of reduced Gulf remittances http://www.newindianexpress.com/business/news/After-benefits-of-cheap-oil-India-counts-cost-of-reduced-Gulf-remittances/2016/05/25/article3450424.ece 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 http://www.newindianexpress.com/business/news/After-benefits-of-cheap-oil-India-counts-cost-of-reduced-Gulf-remittances/2016/05/25/article3450424.ece Xander-owned VR on expansion spree http://www.newindianexpress.com/business/news/Xander-owned-VR-on-expansion-spree/2016/05/25/article3449649.ece 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 http://www.newindianexpress.com/business/news/Xander-owned-VR-on-expansion-spree/2016/05/25/article3449649.ece Singapore Airlines' long-haul budget arm Scoots into India http://www.newindianexpress.com/business/news/Singapore-Airlines-long-haul-budget-arm-Scoots-into-India/2016/05/25/article3449648.ece 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 http://www.newindianexpress.com/business/news/Singapore-Airlines-long-haul-budget-arm-Scoots-into-India/2016/05/25/article3449648.ece UAE tightens norms on Indian veggie exports http://www.newindianexpress.com/business/news/UAE-tightens-norms-on-Indian-veggie-exports/2016/05/25/article3449646.ece 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 http://www.newindianexpress.com/business/news/UAE-tightens-norms-on-Indian-veggie-exports/2016/05/25/article3449646.ece 'Infra and innovation growth to take India to top 30 in ease of doing business within four years' http://www.newindianexpress.com/business/news/Infra-and-innovation-growth-to-take-India-to-top-30-in-ease-of-doing-business-within-four-years/2016/05/25/article3449645.ece 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 http://www.newindianexpress.com/business/news/Infra-and-innovation-growth-to-take-India-to-top-30-in-ease-of-doing-business-within-four-years/2016/05/25/article3449645.ece BoI loss widens to L3,587 cr in Q4 as bad loans bite http://www.newindianexpress.com/business/news/BoI-loss-widens-to-L3587-cr-in-Q4-as-bad-loans-bite/2016/05/25/article3449643.ece 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 http://www.newindianexpress.com/business/news/BoI-loss-widens-to-L3587-cr-in-Q4-as-bad-loans-bite/2016/05/25/article3449643.ece Banks haven't moved CDR Cell to recast single bad loan in 12 months http://www.newindianexpress.com/business/news/Banks-havent-moved-CDR-Cell-to-recast-single-bad-loan-in-12-months/2016/05/25/article3449641.ece 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 http://www.newindianexpress.com/business/news/Banks-havent-moved-CDR-Cell-to-recast-single-bad-loan-in-12-months/2016/05/25/article3449641.ece