Other Stories

The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico. (File photo | Reuters)
General Electric profit falls 59 percent; cash flow up in second quarter

GE was under pressure to report strong cash flow after a weak showing in Q1that included an unexpectedly large $1.6 billion outflow of cash due to slow customer payments and failure to deliver parts.

21 Jul 2017

Reliance Industries. (File photo | Reuters)
Reliance Industries shares surge nearly 4 percent post Q1 earnings

Led by the gain in the stock, the company's market valuation surged Rs 18,724.39 crore to Rs 5,15,790.39 crore.

21 Jul 2017

Image used for representational purpose. | File Photo
Telecom stocks fall up to 3 percent after launch of Reliance JioPhone

Shares of Idea Cellular went down by 3.11 per cent to end at Rs 91.90 while Bharti Airtel fell by 2.05 per cent to Rs 411.15 on BSE.

21 Jul 2017

A logo of Mastercard is seen at the Mastercard Centre in Beijing. (File photo | Reuters)
MasterCard says USD 18 billion lawsuit against it over overcharging 45 million people blocked

Had the lawsuit been allowed to proceed, the case would have been the largest and most complex in UK legal history and would have tested the limits of the new Consumer Rights Act, sources said.

21 Jul 2017

Image for representational purpose only.
BSNL to roll out 4G services in Telangana, Andhra Pradesh by March 2018: Official

The tender formalities are complete and a total of 1,150 4G sites will be installed in both the States and the 4G services will be launched by March 2018, sources said.

21 Jul 2017

Image for representational purpose only. (File photo | AFP)
Mobile phones worth Rs 90,000 crore produced in India in 2016-17: Government

Domestic production of cellular mobile handsets witnessed a growth of 185 per cent in value terms in 2015-16 compared to 2014-15 and 67 per cent in 2016-17 as against 2015-16, Telecom Minister said.

21 Jul 2017

Image used for representational purpose only. (File photo | Reuters)
Gold imports jump over twofold to USD 11.25 billion in June quarter

In June this year, the imports of the precious metal had risen to USD 2.45 billion from USD 1.20 billion in the same month previous year.

21 Jul 2017

A salesman arranges gold ornaments, on a display board, inside a jewellery showroom during Akshaya Tritiya. (File photo | Reuters)
Gold demand slumps as prices rise, seasonal consumption slows in India

Local gold prices have risen 2.7 percent since July 10 after falling to the lowest level in six months.

21 Jul 2017

Image used for representational purpose only. (File photo | Reuters)
States can set up firms to provide crop insurance to farmers: Government

Dispelling concerns that private insurers are profiting from the crop insurance scheme PMFBY,  Agriculture Minister Radha Mohan Singh said even States can set up insurance firms.

21 Jul 2017

Image used for representational purpose only. (File photo | AFP)
Currency circulation at 85 percent of pre-demonetisation level: Government

The notes in circulation as on June 23, 2017 stood at Rs 15,074.43 billion as against Rs 17,540.22 billion as on October 28, 2016, Minister of State for Finance Arjun Ram Meghwal said today.

21 Jul 2017

Image used for representational purpose only. (File photo | Reuters)
India cotton textiles export down 10 percent in three years: Government

According to data shared by the minister, the shipments of cotton textiles from India stood at Rs 70,936 crore during 2016-17, as against Rs 72,994 crore in the previous financial year.

21 Jul 2017

A floor trader monitors share pricesat the Hong Kong Stock Exchange in China. (File photo | Reuters)
China, India equity funds top H1 emerging market performance tables

Emerging equities rose over 17 percent in the first half of the year, attracting net inflows of $42.3 billion, according to EPFR Global.

21 Jul 2017

Image used for representational purpose only. (File photo | Reuters)
Airtel, five telcos under-reported revenue by Rs 61,064.5 crore: CAG

Private telcos understated revenues to the extent of Rs 61,064.5 crore during 2010-11 and 2014-15, leading to a "short payment" of Rs 7,697.6 crore to the government, the CAG said.

21 Jul 2017

The new logo of State Bank of India (SBI). (File photo | Reuters)
Bill to facilitate SBI merger with subsidiaries introduced in Lok Sabha

Finance Minister Arun Jaitley on Friday introduced a Bill in the Lok Sabha to repeal the necessary Acts in wake of the merger of State Bank of India (SBI) with its subsidiary banks.

21 Jul 2017

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai. (File photo | Reuters)
Sensex climbs 124 points, Nifty above 9,900 as RIL leads rally

Reliance gained 3.7 percent, but its telecom rivals slumped, with Bharti Airtel Ltd ending down 2 percent and Idea Cellular Ltd falling 3.3 percent.

21 Jul 2017

Image for representational purpose only.
India Copyright Board and IPAB to merge completely by year-end: Official

The official indicated that the government will expedite the approvals of copyrights to under three months. 

21 Jul 2017

A man loads empty containers of edible oil onto a tricycle at a roadside in Kolkata. (File photo | Reuters)
India's edible oil imports to fall for first time in six years: Sources

India's edible oil imports are set to fall for the first time in six years as a surge in local oilseed output cuts into overseas purchases, sources said.

21 Jul 2017

Bajaj Auto Ltd. plant in Pune. (File Photo | Reuters)
Bajaj Auto to form an alliance soon in motorcycle segment: Chief Financial Officer

Speculation have been sparked that the Indian motorbike manufacturer may be close to a partnership or deal with iconic European motorcycle brand Ducati, which is being sold by Germany's Volkswagen.

21 Jul 2017

Finance Minister Arun Jaitley. (File photo | EPS)
India considering to change financial year to January-December: Arun Jaitley

He declined to elaborate whether the budget presentation would be advanced to November or December from February 2018.

21 Jul 2017

A view of Adobe Systems Inc. headquarters in San Jose, California. (File photo | AP)
Adobe names Shanmugh Natarajan as MD India operations

Natarajan joined Adobe in 2008 and has been instrumental in leading product development of award-winning products like Adobe Illustrator, InDesign, Dreamweaver, Flash and Lightroom.

21 Jul 2017

Image used for representational purpose only. (File photo | Reuters)
Indian Bank Q1 profit rises 21 percent to Rs 372 crore

Public sector lender Indian Bank has reported a 21.16 per cent rise in net profit to Rs 372.40 crore for the first quarter ended June 30 of the 2017-18 fiscal.

21 Jul 2017