The New Indian Express - News - http://www.newindianexpress.com/business/news/ 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 07:50:31 +0530 Fri, 27 May 2016 04:39:58 +0530 News Lower oil prices to keep inflation under control http://www.newindianexpress.com/business/news/Lower-oil-prices-to-keep-inflation-under-control/2016/05/27/article3452710.ece The recent spike in global crude oil prices that breached $50 mark has kept the corridors of power busy with recalculating its subsidy savings. Fri, 27 May 2016 04:39:55 +0530 http://www.newindianexpress.com/business/news/Lower-oil-prices-to-keep-inflation-under-control/2016/05/27/article3452710.ece ONGC registers 12 percentage rise in net profit at Rs 4,416 cr in Q4 http://www.newindianexpress.com/business/news/ONGC-registers-12-percentage-rise-in-net-profit-at-Rs-4416-cr-in-Q4/2016/05/27/article3452701.ece1 ONGC reported a 12.2 per cent increase in its net profit to Rs 4,416.11 crore for the fourth quarter of fiscal 2015-16. Fri, 27 May 2016 04:38:50 +0530 http://www.newindianexpress.com/business/news/ONGC-registers-12-percentage-rise-in-net-profit-at-Rs-4416-cr-in-Q4/2016/05/27/article3452701.ece1 'China slowdown a threat to global economy' http://www.newindianexpress.com/business/news/China-slowdown-a-threat-to-global-economy/2016/05/27/article3452696.ece A sharp slowdown in China is sure to pose macro economic problems to the SAARC region in particular, RBI Governor. Fri, 27 May 2016 04:37:01 +0530 http://www.newindianexpress.com/business/news/China-slowdown-a-threat-to-global-economy/2016/05/27/article3452696.ece Cement to continue as core business http://www.newindianexpress.com/business/news/Cement-to-continue-as-core-business/2016/05/27/article3452690.ece As the cement industry battles one of its worst phases, India Cements Ltd achieved a turn around and is rearing to go. Fri, 27 May 2016 04:36:11 +0530 http://www.newindianexpress.com/business/news/Cement-to-continue-as-core-business/2016/05/27/article3452690.ece India Cements charts turnaround, registers net profit of rs 51 cr in Q4 http://www.newindianexpress.com/business/news/India-Cements-charts-turnaround-registers-net-profit-of-rs-51-cr-in-Q4/2016/05/27/article3452688.ece For the quarter ended March 2016, the sixth largest cement maker’s standalone net profit jumped to Rs 51.21 crore. Fri, 27 May 2016 04:34:58 +0530 http://www.newindianexpress.com/business/news/India-Cements-charts-turnaround-registers-net-profit-of-rs-51-cr-in-Q4/2016/05/27/article3452688.ece Taiwanese firm HTC bets big on 4G to strengthen foothold in India http://www.newindianexpress.com/business/news/Taiwanese-firm-HTC-bets-big-on-4G-to-strengthen-foothold-in-India/2016/05/27/article3452654.ece Taiwanese handset maker HTC is betting big on India, as it announced the launch of nine smartphones targeted at different consumer groups across price ranges. Fri, 27 May 2016 04:34:31 +0530 http://www.newindianexpress.com/business/news/Taiwanese-firm-HTC-bets-big-on-4G-to-strengthen-foothold-in-India/2016/05/27/article3452654.ece 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