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Cyrus Mistry. | (File photo | Reuters)
Former Tata Sons chairman Cyrus Mistry resigns from group companies

His decision comes just ahead of slew of EGMs called by Tata Sons to oust him from Tata group boards.

19 Dec 2016

Managing Director of the International Monetary Fund (IMF) Christine Lagarde. (Photo | Reuters)
IMF's Lagarde found guilty in French tycoon payout trial

The case revolves around a $425 million-arbitration deal given to tycoon Bernard Tapie in 2008 over the botched sale of sportswear maker Adidas in the 1990s.

19 Dec 2016

Demonetisation: Small business to pay less tax on digital transactions

The Ministry said the legislative amendments in this regard would be carried out through the Finance Bill, 2017.

19 Dec 2016

Government to develop 100 digital villages soon: Minister

The portal has been developed with an objective to enable a single-window access to services being provided by the various Indian government entities.

19 Dec 2016

An Indian man puts a new 2000 rupee note in his wallet after exchanging his old 500 and 1000 rupee notes (File  | AFP)
EPFO lowers interest rate on EPF to 8.65 percent for FY17

As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore.

19 Dec 2016

A broker trades on his computer terminal at a stock brokerage firm in Mumbai, India, January 20, 2016. REUTERS
Sensex falls to near two-week lows; finance stocks hit

Indian shares ended lower on Monday, a fourth consecutive session of losses, with finance stocks such as HDFC Bank and State Bank of India falling over 1 percent each.

19 Dec 2016

Russia's Prime Minister Dmitry Medvedev gives an interview to Russian TV channels in Moscow, Russia, December 15, 2016. | Reuters
Russia to allow issuance of state debt in BRICS currencies: Medvedev

Russia is preparing to issue OFZ government bonds in Chinese yuan, though the timing of the issue is unclear.

19 Dec 2016

A picture shows the logo of Airbus Group at the site in Suresnes, near Paris, France, December 15, 2016. REUTERS
Iran reaches 100-jet deal with Airbus, sees first delivery in January

Iran has finalised an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January.

19 Dec 2016

Inside the Bombay Stock Exchange (BSE) building in Mumbai. (File Photo | Reuters)
Sensex hits near 2-week low in lacklustre trade

Asian shares steadied near four-week lows after China agreed to return the U.S. drone it had seized.

19 Dec 2016

A cashier counts rupee notes as customers wait in queues inside a bank in Chandigarh on November 10, 2016. (Photo | Reuters)
Loan demand plummets as banks grapple with demonetisation

The ban on high-value notes has hit business confidence and dented demand for loans.

19 Dec 2016

Apartment blocks are pictured next to a construction site on a hazy day in Wuqing district of Tianjin, China, December 10, 2016. (Photo | Reuters)
China's November home prices show government curbs starting to cool sharp rally

With the economy showing signs of stabilising in recent months, authorities remain keen to bring some equilibrium to the property sector.

19 Dec 2016

Chinese 100 yuan banknotes are seen in this picture illustration taken in Beijing July 11, 2013. (Photo | Reuters)
China government researchers see 2017 GDP growth slowing, yuan falling

The yuan will depreciate against the dollar by another 3 percent to 5 percent in 2017, a researcher said.

19 Dec 2016

The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bi-monthly monetary policy review in Mumbai, India, October 4, 2016. REUTERS
RBI Governor to brief Parliamentary panel on demonetisation

RBI last week said that 12.44 lakh crore rupees in demonetised notes have been collected at banks.

19 Dec 2016

SENSEX_1287960f
Sensex extends losses, down 81 pts on weak Asian cues

The index had lost 208.26 points in previous three sessions.

19 Dec 2016

Image for representational purpose only.
Text book publisher S Chand files papers for IPO

Proceeds from the issue would be utilised for repayment and prepayment of loans as well as for general corporate purposes.

19 Dec 2016

BSNL has bounced back, the company's chairman and managing director said. (File Photo | AP)
BSNL mulls unlimited voice call plan at about Rs 149

The monthly plan will include some free data as well, the company's CMD said.

19 Dec 2016

Rubber hit hard by de-mon blow for Kerala

Both direct and indirect impacts, like the inability to pay wages and slowing consumption from the auto sector, is causing nervousness among India’s rubber growers

19 Dec 2016

Cash crunch: No turn for the better

With large amounts of cash withdrawals being restricted, it is natural that rent payments amounting to thousands of rupees is getting difficult to physically hand over.

19 Dec 2016

A circuit board awaits final assembly at the Mec Com Ltd factory near Stafford.(Photo | Reuters)
British companies absorb Brexit shock, get on with business for 2017

Britain is due to begin its two-year divorce process with the EU early next year.

18 Dec 2016

RBI rate cut unlikely as dollar, crude rates rise: Assocham

Assocham said the biggest risks were emanating from the sharp strengthening of the US dollar, raking in international money back into the American economy,

18 Dec 2016

Cyrus Mistry (File Photo | Reuters)
Four Tata firms to vote on Mistry's removal as director this week

Besides deciding the fate of Mistry, shareholders of three companies -- Tata Steel, Tata Motors and Tata Chemicals will also vote on similar resolutions.

18 Dec 2016

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