Business

Modi reviews infra projects, calls for new tech to ramp up roads, coal.

Prime Minister Narendra Modi has urged his officials to explore new technologies for ramping up road-building and boosting coal output, as part of the broader objective of pushing economic growth........

Jaitley rules out tax on farm income as proposed by Niti Aayog.

Finance minister Arun Jaitley on Wednesday ruled out tax on farm income, as proposed by the government’s think tank Niti Aayog in its long term vision document...............

Shapoor Mistry resigns as director of Indian Hotels board.

Shapoor Mistry, the elder brother of former Tata Sons Chairman Cyrus Mistry, has resigned as a director of the board of Indian Hotels Co, the company said on Tuesday..................

Coca-Cola to cut 1,200 jobs as earnings fall.

Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday..............

Laptops and smartphones keep viewers away from TV: survey.

There has been a significant dip in the number of TV show-watchers to 23% from 52% over the past year as they prefer to view it on laptops and smartphones, says a survey.................

Where would Apple, IBM be if not for talent from across globe? asks RBI’s Patel.

Cautioning against protectionism, RBI Governor Urjit Patel has said where would giant American corporations like Apple, Cisco and IBM be if they had not sourced the best products..............

TCS, Infy received just 8.8% of H-1B visas: Industry body Nasscom junks US claim.

Indian IT industry’s apex organisation has said that the two top companies -- TCS and Infosys -- received only 8.8% of the H-1B visas allotted for placement of workers in the United States..............

New H-1B visa rules: Indian IT companies may have to pay 50% more.

One thing is for sure, American president Donald Trump doesn’t want to save jobs of Indians working in the US. With a new executive order in place, Indian IT companies will have to hire............

Gold falls after French election result revives risk-on sentiment.

Gold fell more than 1% on Monday to its lowest in nearly two weeks after centrist candidate Emmanuel Macron won the first round of French presidential election, boosting stocks and sparking .............

Low-risk strategy can help save up to 48% more: StanChart.

Emerging affluent consumers in India can increase their savings by as much as 48% if they move from basics savings approach to a low-risk wealth management strategy, says a study...............

India aims to cut petroleum imports to boost alternative fuel use.

India is aiming to cut its oil products imports to zero as it turns to alternative fuels such as methanol in its transport sector, a government official said at an investor briefing on Monday.................

Ultratech Cement Q4 net profit down 11.3% to Rs 725.90 cr.

Ultratech Cement today reported a decline of 11.31% in its consolidated net profit to Rs 725.90 crore for the fourth quarter ended March 31, 2017 on account of higher expenses.......

Display foodgrain subsidy at ration shops, Centre tells states.

State governments should display at PDS shops the foodgrain subsidy borne by both the Centre and states that will prevent the latter from hijacking the credit for selling highly-subsidised grains...........

Sensex, Nifty surge 1% as earnings, French vote sooths nerves.

Indian shares surged 1% and the rupee gained against the dollar on modest earnings growth by domestic companies and tracking global markets, which were upbeat after liberal Emmanuel Macron.............

Reliance Jio net loss jumps to Rs 22.5 crore in October-March.

Billionaire Mukesh Ambani-led Reliance Jio on Monday reported widening of its net loss to Rs 22.50 crore in the six months to March, a period when the company virtually had no revenue and ran.........

RCom shareholders approve merger with Aircel.

Reliance Communications’ (RCom) shareholders today approved the merger of its wireless division with Aircel...............

China clamps down on excess steel as Japan decries Trump “protectionism”.

Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would ..........

US accuses TCS, Infosys of unfair practices in H-1B visa lottery draw.

In the clearest signal yet on the target of the US crackdown on alleged abuse of the H-1B temporary visa programme for foreign workers, senior Trump administration officials named Indian tech ..........

Niti Aayog projects growth at an average of 8% in 15 years.

India on Sunday drew a long-term vision plan that envisages faster reforms to help the economy grow at an annual average rate of 8% in the next 15-16 years........

Seeing signs that impact of demonetisation in India has abated, says IMF.

The IMF on Saturday said the impact of demonetisation in India has abated but insisted on quickly replacing the defunct currency in order to restore missing transactions and also .............

Volvo S60 Polestar review: When safety meets performance, this happens.

Polestar is certainly not a name most Indians will have heard before, not even the enthusiasts. It isn’t quite as recognisable a performance divisions of luxury carmakers, like BMW’s M-sport.............

Volkswagen gets 3 years’ probation, $2.8 billion fine in emissions scandal.

A federal judge in Detroit on Friday sentenced Volkswagen AG to three years’ probation and independent oversight for the German automaker’s diesel emissions scandal as part of a $4.3 billion....

Hyundai Prime, DZire Tour, Platinum Etios: Automakers rebrand cars to steer clear of ‘taxi’ tag.

When your dream car comes to your door as a cab, you don’t aspire to buy that model anymore.........

Wipro sacks at least 600 employees after performance appraisal.

The country’s third largest software services firm Wipro is learnt to have fired hundreds of employees as part of its annual “performance appraisal”...........

GST reform an act of courage, says IMF chief Christine Lagarde.

Describing the ongoing Goods and Services Tax (GST) reform as an “act of courage”, IMF chief Christine Lagarde on Thursday said she expects “some positive outcome”................

Asian economies escape “manipulator” tag, but expect more pressure on trade.

Asian countries escaped the currency manipulator label in the latest U.S. Treasury report, but remain wary of possible trade friction as President Donald Trump maintains his administration............

Wal-Mart in advanced talks to buy fashion retailer Bonobos, Recode says.

Wal-Mart Stores Inc is in advanced discussions to buy online men’s fashion retailer Bonobos Inc, Recode reported on Friday,...........

United changes crew booking policy after passenger dragged off plane.

United Airlines on Friday changed its policy on booking its own flight crews onto its planes after a man was dragged off an overbooked flight to make way for a ................

Polestar is a car to drive, not to be driven: Volvo Auto India MD Tom von Bonsdorff.

For decades, the Indian luxury car was the ultimate symbol of decadence -- a cushy backseat..........

Digital India: SBI targets transactions worth Rs 1 lakh crore in 2017-18.

Country’s largest lender SBI on Friday said it aims to reach 5.2 lakh Acceptance Touch Points and collectively do Rs 1 lakh crore transaction in........

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