Business News


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

China a substantial currency manipulator: US Trade Representative nominee

Lighthizer said in his confirmation hearing that the US had lost a lot of jobs in the past because of "substantial currency manipulations."

published : 15 Mar 2017

Reliance Communication stock exchange, Sebi approval for merger with Aircel

Reliance Communications has now filed an applications with National Company Law Tribunal for the approval of the same.

published : 15 Mar 2017

Adani Enterprises applies to Australian government fund for coal mine railway financing

Adani Enterprises has applied for financing from an Australian infrastructure fund to build a rail line that is part of a $16 billion coal project in the state of Queensland.

published : 13 Mar 2017

SBI, KfW sign $274-mn deal on housing finance

These lower income household categories account for 95 per cent of the estimated shortage of 20 million housing units in the country.

published : 11 Mar 2017

Pepper gaining traction in the North East

The cultivation of Pepper in the North East only started in 2011-12 period in any significant way.

published : 11 Mar 2017

Cairn Energy directed to pay Rs 10.2K crore to IT-Department

Cairn Energy had approached the ITAT after being slapped with the Rs 10,247 crore notice in January 2014.

published : 11 Mar 2017

Canara Bank sells 13.45 per cent in home loan unit to GIC

The decision to sell the stake in its home loans arm is part of the state-owned bank’s plan to monetise assets that are not core to its main lending business.

published : 11 Mar 2017

Cars sales recover from note-ban impact; motorcycles still struggling

Passenger vehicle sales rose by a robust 9.01 per cent during the month, at 2,55,359 units from 2,34,244 units sold during the same month last year. 

published : 11 Mar 2017

Reliance Jio, Paytm use PM’s picture in ads sans permission; tender apology

Meanwhile, an email sent to RJio had not received a response at the time of going to press.

published : 11 Mar 2017

Bad bank idea does not find many takers

As on September 30, 2016, gross NPAs of public sector banks rose to Rs 6.3 lakh crore as against Rs 5.5 lakh crore at the end of the June quarter.

published : 11 Mar 2017

Jaitley, RBI Governor discuss banks' bad loans

As per the plan, the banking sector could be asked to restructure about 50 large stressed assets in sectors like metals, construction, telecom and textiles, by December 31, 2017.

published : 11 Mar 2017

Volkswagen pleads guilty in emissions-cheating case 

Volkswagen has pleaded guilty to cheating the U.S. government by using software to evade emission rules in nearly 600,000 diesel vehicles.

published : 10 Mar 2017

Mallya says ready to talk to banks for one-time settlement

Vijay Mallya today took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.     

published : 10 Mar 2017

Aadhaar now mandatory for Pradhan Mantri Ujjwala Yojana connections

The ministry has also asked state-owned fuel retailing firms to facilitate enrolment of beneficiaries for Aadhaar.

published : 09 Mar 2017