Business News


Xiaomi says will be able to make one phone per second in India

The company has just launched a new low-cost smartphone priced at Rs 5,999 in india.

published : 20 Mar 2017

Xiaomi launches entry-level Redmi 4A at Rs 5,999 in India

The new entry-level Xiaomi Redmi will be available via Amazon India and from Thursday 23 March 12 pm.

published : 20 Mar 2017

Adani hopes to start Australian coal mine project by August

The letter warned that the project could hit the bilateral relationships, especially on the sporting and trade front. ​

published : 19 Mar 2017

Loans to Vijay Mallya given by UPA: Government

The loan of Rs 8,040 crore was declared non-performing assets in 2009 and the NPA was restructured in 2010.

published : 17 Mar 2017

Prominent Australians ask Adani to abandon coal mine project

The Australians have written to Adania and have warned it could damage bilateral ties and even hit sporting links. 

published : 16 Mar 2017

Renault cheated on pollution tests for over 25 years: French investigators

Police suspect the automobile maker of putting in place strategies "with the objective of creating false results for anti-pollution tests", and so to be seen to be complying with European regulations.

published : 16 Mar 2017

Centre working on 'appropriate policies' for 100 percent FDI in airlines in India: Minister

Union Minister Jayant Sinha today said the government is working on "appropriate policies" related to 100 per cent FDI in airlines, amid local carriers opposing the move.

published : 16 Mar 2017

Indian Oil to sell 24 percent stake in India JV to Lubrizol Corporation

The Cabinet approved sale of state-owned Indian Oil Corporation's (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum.

published : 16 Mar 2017

SBI approves plan to raise up to USD 2.3 billion in capital

State Bank of India said on Wednesday its board had approved a plan to raise up to 150 billion rupees ($2.3 billion) from capital markets in the next fiscal year starting from April 1.

published : 15 Mar 2017

India's exports jump 17% to USD 24.5 billion in February; trade deficit widens

Recording positive growth for six months in a row, India's exports soared 17.48 per cent to USD 24.5 billion in February led by petroleum, engineering and chemicals.

published : 15 Mar 2017

Impact of OPEC oil supply cuts will take time to be felt: IEA

At the end of November, the Organization of Petroleum Exporting Countries agreed to cut output by 1.2 million barrels per day (bpd) from January 1, initially for a period of six months.

published : 15 Mar 2017

Bad loans at public sector banks surge by 1 lakh cr in April-December 2016

Bad loans rose by over Rs 1 lakh crore in the first nine months of current fiscal to Rs 6,06,911 crore by December.

published : 15 Mar 2017

Banks' NPA formation showing declining trend in March quarter: Jaitley

The core problem of NPAs is with very large corporates, though few in numbers, the finance minister told a Parliamentary committee.

published : 15 Mar 2017

Don't have enough money to buy a home? Soon you can withdraw up to 90 per cent of EPF

Members of the retirement funds body EPFO can soon withdraw up to 90 per cent for making down payments for their homes.

published : 15 Mar 2017

Chinese Premier says no intention of devaluing yuan

Premier Li Keqiang said Beijing has no intention of devaluing the yuan to boost exports

published : 15 Mar 2017