Business

Flipkart Big Freedom Sale today

August 9: Flipkart’s Big Freedom Sale, to celebrate the Indian Independence Day will begin from midnight of August 9 and go up to August 11.

Tata Steel bullish on domestic steel sector, to up production

August 9: Steel major Tata Steel on Tuesday said it is optimistic about prospects of the domestic steel sector, and hopes to ramp up the production capacity of its Kalinganagar plant to capture growing opportunities.

Bajaj Auto inks partnership with UK’s Triumph

August 9: In a development that would change competition in the motorcycle manufacturing sector, India’s second largest manufacturer Bajaj Auto has inked a deal with with iconic British brand Triumph Motorcycles

Titan enters US through Amazon

August 9: Ecommerce giant Amazon on Tuesday announced its partnership with iconic homegrown lifestyle brand Titan to help it foray into the US market through its Global Selling Programme.

GST to help improve credit flow to small traders, says Nilekani

August 9: The roll-out of the goods and services tax (GST) is expected to increase the credit granted to small traders, according to the former Unique Identification Authority of India (UIDAI) Chairman Nandan Nilekani.

Carmakers unhappy with hike in cess

August 9: As the government hiked cess on luxury cars and SUVs, it led the industry towards a flutter of confusion

States upset about frequent GST rate revision

August 9: Frequent changes in rates of goods by the GST Council has upset many states, which have demanded that Finance Minister Arun Jaitley give them time to discuss revenue implications before revising GST levies.

Puravankara net profit up 116% in Q1

August 9: Property developer Puravankara Ltd on Tuesday reported 116% rise in net profit at Rs 17 crore for the quarter ended June 30, 2017 compared with Rs 8 crore in the year ago quarter.

Brigade Q1 net profit up 32% at Rs 29 crore

August 9: Property developer Brigade Enterprises on Tuesday reported 32% jump in consolidated net profit at Rs 29 crore for the first quarter ended June 30, 2017 compared with Rs 22 crore in the corresponding period last year.

Amazon, Flipkart begin Independence Day sales, deals ahoy

August 9: High on the heels of the 70th Independence Day of India, Amazon has begun its Great Indian sale today

Alibaba-backed Paytm will launch a messaging service to take on Facebook’s WhatsApp by the end of the month, according to company sources.

August 2: Paytm - which counts Japanese conglomerate Softbank as one of its investors - will integrate a new feature on its platform that will allow users to chat and exchange audio, pictures and videos, two people aware of the development said.

Post GST price cuts, auto makers report strong sales in July

August 2: Major automobile makers today reported robust sales growth across segments driven by price reductions and restocking of vehicles at dealerships post GST implementation.

Rupee rallies 12 paise to 2-1/2 mth high on RBI rate cut hopes

August 2: The rupee racked up strong gains to end at a fresh two-and-a-half month high of 64.07 against the US currency

SoftBank mulls $2 b investment in Flipkart

August 2: Japanese technology and investment conglomerate SoftBank is planning to infuse about $2 billion in the Bengaluru-based online retailer Flipkart.

Indices at new peak, all eyes on RBI move today

August 2: Indian markets continued their record breaking spree with both the benchmark indices ending at new highs on Tuesday ahead of the outcome of the monetary policy committee meeting on Tuesday.

JSW Steel Q1 net slips 43% to Rs 624 cr

August 2: JSW Steel has posted a 43% decline in consolidated net profit for the quarter ended June 30, 2017 at Rs 624 crore compared with Rs 1,096 crore in the same quarter previous fiscal.

Tata Steel completes sale of SAW mills

August 2: Tata Steel UK has completed the sale of its 42 and 84-inch pipe mills in Hartlepool to Liberty House Group.

Stock indices make a strong opening ahead of RBI decision

August 2: Rate cut hopes lifted markets to records today as the Sensex surged 111 points to 32,687 and Nifty hit a life high of 10,138, with interest-sensitive stocks hogging the limelight ahead of RBI policy outcome.

Apple CEO Tim Cook says he is bullish about India

August 2: Apple CEO Tim Cook has said he is very "bullish" and "optimistic" about India, a market where the company is bringing all of its "energies" to expand footprint.

Honda Motorcycle commissions its largest plant at Narasapura

August 2: Honda Motorcycle & Scooter India Pvt Ltd (HMSI) on Wednesday commissioned its 4th assembly line at Narasapura near Bengaluru. With this, the plant in Karnataka has become the largest production facility for HMSI in the world.

M&M Fin buys part of Aye Finance portfolio

August 1: RBI licensed non-banking finance company Aye Finance has raised funds by selling part of its portfolio, under a securitisation deal, to Mahindra & Mahindra Financial Services.

Nifty hits fresh high of 10,101, Sensex up 100 points

August 1: The Nifty spurted 24 points to scale a new record of 10,101 and the Sensex rallied over 100 points at the open today, fuelled by strong corporate earnings and positive global developments.

Flipkart completes eBay India merger

August 1: E-commerce major Flipkart today said it has completed the merger with eBay India’s operations.

RBI’s MPC meet begins; decision on rates tomorrow

August 1: The 6-member Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel today started two-day deliberations amid expectations of at least 0.25 per cent

Maruti sales grow 21% in July to 1,65,346 units

August 1: India’s largest carmaker Maruti Suzuki India (MSI) today posted a 20.6 per cent rise in total sales in July at 1,65,346 units as against 1,37,116 in the same month last year.

Centre financed 60% of expenditure of J&K govt in FY16: CAG

August 1: The central government has financed 60 per cent of total expenditure of the Jammu and Kashmir government through non-debt resources during 2015-16

Digitisation process increased but ’invisible’ poll funding a problem: Jaitley

July 22: Finance Minister Arun Jaitley on Saturday said demonetisation and GST have led to greater digitisation in the country and increased the tax base but “invisible” election funding is still a problem India is grappling with.

Paytm Gold available as cashback

July 21: Paytm on Thursday announced that it would enable customers to get their cashback as Paytm Gold. Launched in April this year, Paytm Gold

Jet Airways junior pilots face 30 pc pay cut

July 21: Jet Airways has asked many of its junior pilots to take 10 days off every month, a move that will result in up to 30 per cent pay cut, as part of cost saving measures, sources said today.

Sensex surges 131 pts on RIL earnings numbers

July 21: The benchmark Sensex rallied over 131 points above the 32,000-mark today as Reliance Industries’ reported its highest quarterly earnings.

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