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(File Photo | PTI) Chaudhary Birender Singh
Steel homes under PM Awas Yojna for just Rs 2 lakh: Chaudhary Birender Singh

He said these homes will not only enhance the steel consumption in the country and augment infrastructure, but will also be extra strong and durable.

23 May 2017

Won't allow India entry of companies from country barring Indian firms: Piyush Goyal

The comments follow media reports that India may soon bar Chinese companies from power projects, as China does not allow foreign investment in electricity grids.

23 May 2017

Charter Communications CEO Thomas Rutledge on the floor of the New York Stock Exchange. Rutledge was one of the highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. (File Photo | AP)
CEOs in US got biggest raise since 2013

CEOs for major U.S. companies make 347 times more than the average worker, says a group.

23 May 2017

Jindal Steel & Power fourth-quarter loss narrows

Losses for the quarter ended March 31 narrowed to 1 billion rupees, from a loss of 6.36 billion rupees a year earlier.

23 May 2017

File photo of the Parliament. | PTI
Bill to address bankruptcy in financial sector in next Parliament session: Official

A finance ministry committee has suggested a 'resolution corporation' to expeditiously deal with issues concerning insolvency of financial institutions.

23 May 2017

Tata Motors. (File photo | Reuters)
Tata Motors fourth-quarter net profit falls 17 per cent

Consolidated net profit for the three months to March 31 fell to 43.36 billion rupees, from 52.11 billion rupees a year earlier.

23 May 2017

(File Photo | Reuters)
Markets tank on profit-booking, grim global cues

Pharma index was the worst performer on both the BSE and NSE after weak quarterly results of Sun Pharma's overseas arm Taro Pharmaceuticals

23 May 2017

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai, India (File | Reuters)
RBI refuses to disclose list of loan defaulters

According to the government, the gross non-performing assets (NPA) of the public sector banks stood at Rs 6.06 lakh crore at last year end.

23 May 2017

Union Law Minister Ravi Shankar Prasad. | PTI
Govt offers tax concessions to Apple to expand production: Ravi Shankar Prasad

Apple last week started making iPhone SE at its contract manufacturer Wistron's plant in Bengaluru.

23 May 2017

An advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi on August 5, 2016. (File Photo | Reuters)
SAIL, ArcelorMittal JV may be finalised this month: Minister

SAIL and ArcelorMittal have inked a pact to set up a Rs 5,000 crore auto-grade steel plant.

23 May 2017

Elon Musk, CEO of Tesla Motors Inc. (File | AP)
Govt to Tesla: No local sourcing required for manufacturing in India

It is only for retail trading of goods that sourcing conditions are mandated, the commerce ministry said.

23 May 2017

GAIL shares down nearly 3 per cent after Q4 results

GAIL India Ltd yesterday reported 69 per cent drop in fourth quarter net profit as it wrote down the value of its investment in Dabhol power plant.

23 May 2017

A woman poses with a Nokia Lumia smartphone in this photo illustration, May 6, 2013. | Reuters
Nokia, Apple bury hatchet in patent dispute

The two companies would "move the relationship... from being adversaries in court to business partners," Nokia's chief legal officer said.

23 May 2017

Medical illustration : Pills of all kinds, shapes and colours, March 2003 | REUTERS
US approves Sanofi, Regeneron arthritis drug

In Europe, some 2.9 million people suffer from rheumatoid arthritis, a painful autoimmune disorder.

23 May 2017

Shell, Engie exit Kakinada LNG project in Andhra Pradesh

The two firms had wanted GAIL to guarantee a minimum sale of imported (LNG) before investment decision could be taken.

23 May 2017

Narendra Modi shakes hands with Akinwumi Adesina President of African Development Bank during the inaugural function of the institution's 52nd annual meeting at Mahatma Mandir in Gandhinagar. (PTI)
Modi bats for Asia-Africa growth corridor

Pushing for a growth corridor between Africa and Asia, he said the project was discussed during his recent trip to Japan.     

23 May 2017

Entertainment, cable, DTH to attract lower taxes under GST

Currently, states impose entertainment tax of up to 100 per cent in respect of exhibition of cinematography films in theatres/cinema halls.   

23 May 2017

IT employees set to form union as layoffs loom large

Forum for Information Technology Employees will be getting itself registered formally as the first union for IT employees in India, the forum's Vice President said.

23 May 2017

The Nokia headquarters is seen in Espoo, Finland April 6, 2016. | (File Photo | Reuters)
Nokia settles patent dispute with Apple

Nokia said it would receive an up-front cash payment and additional revenues from Apple, but did not specify the details of the patent deal.

23 May 2017

Image for representation only.
Failure by states to pay for renewable power may trip 2022 target

The 2022 target includes 60 GW from wind power, 100 GW from solar power, 10 GW from biomass power and five GW from small-hydro power.

23 May 2017

Advertisement boards of Paytm, a digital wallet company, are seen placed at stalls of roadside vegetable vendors as they wait for customers in Mumbai. (File | Reuters)
Paytm starts payments bank; offers 4 percent interest, cashbacks

Backed by Chinese firm Alibaba and Japanese conglomerate SoftBank, the company has earmarked initial investment of Rs 400 crore to build its banking network over two years.     

23 May 2017

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