Business News

Rupee recovers 17 paise against dollar

A lower opening of the domestic equity market capped the rupee's gains.

published : 23 Jan 2017

Trump Treasury pick defends offshore investments, lending practices

Wall Street banker Steven Mnuchin defended his leadership of a bank accused of predatory lending and aggressive foreclosure practices

published : 20 Jan 2017

U.S. economy shows strength on eve of Trump presidency

A firming US economy saw a boost in demand for rental housing as well as an unexpected drop in the number of Americans filing for unemployment benefits.

published : 20 Jan 2017

US jobless claims hit lowest level in more than 43 years

The total number of people receiving unemployment benefits was 2.05 million, down 7.7 per cent from a year earlier.

published : 19 Jan 2017

Vijay Mallya companies ordered to repay Rs 6,203 crore loans plus interest

The Debt Recovery Tribunal allowed that banks today to begin proceeding aimed at recovering Rs
6,203 cr debt from beleaguered businessman Vijay Mallya.

published : 19 Jan 2017

Debt Recovery Tribunal to pronounce verdict in Mallya case tomorrow

SBI had filed three other applications also, including one seeking Mallya's arrest and impounding his passport, for "defaulting" on loans.

published : 18 Jan 2017

Philip Morris jolted by Indian proposal to ban foreign tobacco investment

India banned foreign investment in cigarette manufacturing in 2010, but it still allowed tobacco companies to invest through technology.

published : 16 Jan 2017

Amazon removes Indian flag-themed doormat from website after MEA intervention 

Amazon must tender an unconditional apology and withdraw all products insulting the Tricolour, failing which no Amazon official will get an Indian visa, Sushma Swaraj said.

published : 12 Jan 2017

SC grants Mallya 3 week’s time to file reply to SBI led consortium

The SBI-led consortium of banks had approached the SC seeking its intervention in bringing back Mallya to India and also repayment of money which Mallya,  who has absconded to London, had taken 

published : 11 Jan 2017

Rupee drops 7 paise against dollar in early trade

A higher opening in the domestic equity market capped the rupee losses, forex dealers said.

published : 11 Jan 2017

Sensex hits 2-month highs, tracking Asian peers

Investors were growing hopeful that India's annual budget to be unveiled on Feb. 1 would contain incentives for companies.

published : 11 Jan 2017

PM Modi launches Aadhaar-based mobile app BHIM

The mobile application is a re-branded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data). 

published : 30 Dec 2016

Return all 'confidential information', Tata Sons tells Mistry

We have credible information that you have wrongfully and dishonestly taken movable property being confidential information, the letter  from Tata Sons said.

published : 29 Dec 2016

Cap on cash withdrawal may not be necessary from New Year: Finance Ministry

Around 250-300 million currency notes are being printed on a daily basis, Minister of State for Finance said.

published : 29 Dec 2016

Business moves that surprised and shocked the world in 2016

The year saw several critical events such as the demonetisation and arrival of Reliance Jio that will influence the economy significantly in 2017.

published : 28 Dec 2016