Business

Apple’s response to Trump: iPhone-maker to create $1 billion US advanced manufacturing fund.

Apple Inc plans to create a $1 billion fund to invest in US companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone-maker’s latest effort...........

Markets on a roll:Sensex soars 189 points on reforms, earnings boost.

BSE benchmark Sensex rose 189 points to reclaim the 30,000-level and NSE Nifty went past 9,350 in early trade today, buoyed by encouraging corporate earnings and a string of government reforms, including.........

Facebook profit jumps as user base nears 2 billion.

Facebook today reported its quarterly profit jumped just over $ 3 billion as its ranks of monthly users closed in on two billion.............

Fed leaves rates unchanged but signals further hikes ahead.

The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient US economy and solid job market to justify further rate hikes later this year....................

Bank stocks surge up to 9% on NPA resolution push.

Bank stocks were in the limelight today, surging by up to 9% on the government’s decision to put in place a mechanism to effectively deal with the problem of mounting bad loans in the sector.............

Patanjali eyes 2-fold rise in revenue at Rs 20,000 cr in FY18.

Baba Ramdev-led Patanjali is looking at a two-fold jump in sales at over Rs 20,000 crore this fiscal as it plans to double its distribution network to 12,000 across the country............

Adani signs steel supply deal with Australian group Arrium.

Indian energy giant Adani today signed a 74 million dollar landmark deal with Australian steel group Arrium to buy steel for a 400-km rail line for its controversial Carmichael coal mine project...........

Cabinet gives RBI more teeth to tackle bad loans in banks.

The Union Cabinet on Wednesday approved promulgation of an ordinance to amend the Banking Regulation Act to speed up recovery of bad loans..............

Cabinet approves policy for preferring domestic steel for govt’s infrastructure projects.

The Union cabinet on Wednesday approved a policy that will prefer the sourcing of domestic iron and steel for infrastructure projects being built by state-owned companies, in a move aimed at shielding the...........

Gold holds near three-week low as Fed rate hike views lift dollar.

Gold prices on Wednesday hovered near a three-week low hit in the previous session as the dollar firmed on expectations that the U.S. Federal Reserve may raise rates in June......................

‘Political victory’: White House welcomes Infosys move to hire 10,000 Americans.

The Trump administration on Wednesday welcomed the decision by IT giant Infosys to hire 10,000 Americans in the next two years, saying it was a result of the US government’s “pro-growth.................

MakeMyTrip to raise $330 million via share sale.

Online travel firm MakeMyTrip today said it will raise $330 million (over Rs 2,115 crore) through share sale to investors as well as to Ctrip and Naspers’ arm MIH Internet, to fund expansion.................

ADB sees India growing 7.4% in 2017-18, says GST, bankruptcy law big positives.

The Indian economy will grow 7.4% this fiscal and 7.6% in the next as the bankruptcy and GST laws will help create a better business friendly environment, the Asian Development Bank (ADB) said...............

Jaitley not to attend ADB meet on pressing engagements.

Finance Minister Arun Jaitley has cancelled his attendance at the Asian Development Bank’s annual meeting here because of pressing domestic engagements back home.............

China will step up checks on trade, investment in 2017.

China will boost authenticity and compliance checks on trade and investment this year, its forex regulator said on Wednesday, and increase checks and punishment on illegal forex activities...............

Jio fastest network with download speed of 18.48Mbps in March: Trai.

Reliance Jio has topped the charts of mobile networks in March by registering an all-time high download speed of 18.48 megabit per second, as per the latest report published by telecom regulator Trai...........

LafargeHolcim’s Q1 results fail to allay concerns over CEO’s departure.

LafargeHolcim got off to promising start in 2017 with sales and profits in the first three months beating forecasts, the Franco-Swiss cement giant said on Wednesday, but failed to allay market............

Uber in U.S. court to fight on possible shutdown of self-driving program.

Uber Technologies Inc goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that............

Fixed deposit rates revised: What you can do to maximise your returns.

Major banks have revised interest rates on bank fixed deposits (FDs). State Bank of India on April 29, cut interest rates on FDs by 25-50 basis points (bps) in select maturity baskets.................

Modi asks taxmen to get GST ready, wants action on benami properties.

Prime Minister Narendra Modi has asked taxmen to take necessary steps against those with benami properties and focus on broadening the tax net................

Sensex ends below 30,000-level, investors await Fed rate stance.

Indian shares closed marginally down on Wednesday tracking positive global cues ahead of the US Federal Reserve interest rate review meeting...........

Oil edges down as rising output stokes concern on oversupply.

Oil prices edged down on Tuesday, as a recovery in Libyan output and rising U.S. supplies raised worries that OPEC-led production cuts may not significantly tighten a bloated market...............

Dabur flags GST risks even as demonetisation still stings.

Dabur India Ltd’s results suggest it will take at least a few more quarters in fiscal year 2018 (FY18) before it is business as usual. That is a tough message for investors in a sector that ...........

After losing power, Britain’s Osborne starts first day as journalist.

Carrying a bundle of newspapers, former British finance minister George Osborne turned up on Tuesday to start work as a journalist, following last month’s shock announcement that he would take .............

Euro zone factory activity hits six-year high in April, PMI data show.

Euro zone manufacturers began the second quarter at a blistering pace, increasing activity at the fastest rate for six years as demand remained strong despite rising prices, a survey showed on Tuesday...........

Dollar hits 1-month high vs yen on Mnuchin bond hints.

The dollar hit a one-month high against the yen on Tuesday, lifted by a surge in U.S. government bond yields after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term.......

Fed set to leave interest rates unchanged, may hint at June hike.

The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June................

Asian factories get off to solid start in second quarter.

Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics.............

EM stocks hit 20-mth high on tech rally, currencies gain.

Emerging stocks hit a 20-month high on Tuesday, lifted by a global tech stock rally and easing geopolitical concerns, while the main emerging currencies gained against a steady dollar,..................

Samsung aims at 60% market share in premium TVs this year.

South Korean consumer electronics major Samsung is aiming to corner around 60% market share of the premium TV segment by the end of this year...........

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