Business

Inflation cools, industrial production jumps

May 13: The government on Friday released a new series of wholesale price inflation and industrial production index under which, inflation cooled to a four-month low

Diageo-owned USL bullish on growth in India

May 13:Diageo-controlled United Spirits (USL) is bullish about its growth prospects in India, and expects a double-digit growth in topline, despite the regulatory uncertainties, according to a top company official.

YES Bank reports gross NPA divergence at Rs 4,177 crore

May 13: YES Bank has reported divergence of Rs 4,176.7 crore in gross non-performing assets (NPAs) for the year ended March 31, 2017.

’GST could help states attain fiscal consolidation over medium term’

May 15: Participation in the central government’s Ujjwal Discom Awas Yojana (UDAY) scheme may have deteriorated the finances of state governments but the Goods and Services Tax (GST)

Sinor resigns from Bank Board Bureau

May 13: Top banker H N Sinor, a key member of former CAG Vinod Rai-headed Bank Board Bureau has resigned

Workbench chosen for building hyperloop pod

May 10: Workbench Projects, a Bengaluru-based startup, will join hands with Hyperloop India to build the prototype pod that will feature in the global design competition for the super fast transportation system using magnetic levitation technology.

Karnataka govt grants Rs 10.70 crore to 26 startups

May 10: The Karnataka government on Tuesday said it has granted Rs 10.70 crore to 26 startups in the Biotech sector to bolster innovation.

Adi Godrej announces succession plan

May 10: Veteran industrialist Adi Godrej has decided to hand over the reins of Godrej Consumer Products (GCPL) to his daughter Nisaba Godrej with effect from May 10, 2017.

Snapdeal sale: SoftBank a step closer to bring Nexus on board

May 10: Snapdeal’s largest investor SoftBank is learnt to have moved a step closer to securing the consent of co-investor Nexus Venture Partners (NVP) for selling Snapdeal to India’s largest ecommerce firm Flipkart.

IndiGo eyes 50 ATR planes for regional push

May 10: No-frills carrier IndiGo on Monday announced plans to buy 50 ATR turboprop planes with an aim to tap the regional aviation market. The deal could run into $1.3 billion at list price.

NPCI to roll out RuPay credit cards soon: chief

The National Payments Corporation of India (NPCI), the nodal.....

H-1B visa woes: Cognizant to ramp up hiring in US, reduce work permit dependence.

IT company Cognizant expects to “significantly” ramp up headcount in the US in a bid to woo the Trump administration that has been critical of outsourcing firms for unfairly taking jobs away from.............

Hyundai 2017 Xcent review: A compact sedan perfected to meet family needs.

Hyundai’s Grand i10-based compact sedan has always been a fairly well-built and feature-packed offering. The Xcent, however, didn’t set sales charts on fire as Hyundais normally do. Its 1.1-litre..............

Tesla, Netflix, Walt Disney potential takeover targets for Apple: Citigroup.

Citigroup listed seven companies as potential takeover targets for Apple Inc, including Netflix, Walt Disney and Tesla Inc, as a way to put its cash hoard of more than $250 billion to work................

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...........

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