Business

Commerce ministry gears up to level ‘mountain’ of pending technology patents.

Facing criticism for high pendency of technology patents over the last 10 years, the Union ministry of commerce and industry has announced that it will take steps................

GST to push growth in India to over 8%, ‘impressed by work done’: IMF.

The ambitious Goods and Services Tax to be implemented from July 1 would help raise India’s medium-term growth to above 8%, the International Monetary Fund has said adding that the reforms......

Airbag maker Takata shares plunge nearly 20% on bankruptcy report.

Takata shares dropped nearly 20% on Thursday after a media report said the embattled Japanese airbag maker was considering filing for bankruptcy protection .......

Markets near all-time high: Five things retail investors must know.

Indian share markets are at a dizzy height with the Nifty crossing past the life high 9,300-level while........

PVR Cinemas signs five-theatre deal with IMAX.

Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens.....

Kotak Mahindra Bank Q4 net jumps over 40% at Rs 976 cr.

Private sector lender Kotak Mahindra Bank’s standalone net profit jumped 40.3% to Rs 976.48 crore during the last quarter ended March 2017..................

Maruti Suzuki’s Q4 profit up 16% on higher sales of premium models.

Maruti Suzuki India Ltd, the country’s top-selling car maker, posted a 16% rise in fourth-quarter profit on higher sales of premium models such as the Brezza SUV and Baleno hatchback.................

Sensex hits new high of 30,184 intra-day, ends lower as Trump tax plan fails to cheer investors.

Indian shares touched new intra-day highs on Thursday tracking positive cues from Asia but gave up gains as Europe traded in the red.............

Paytm launches Digital Gold, enables long-term wealth creation.

On the occasion of Akshaya Tritiya, online payment platform Paytm on Thursday announced its collaboration with India’s only Internationally Accredited Refinery MMTC-PAMP to launch Digital Gold..............

Govt extends service tax return filing date to Apr 30.

The Centre has extended the last date for filing service tax return by five days to April 30, in a relief to lakhs of service providers...........

Cash-rich govt-run companies to revive 4 fertiliser plants.

Cash-rich coal, power and oil PSUs will jointly invest about Rs 30,000 crore to revive four mothballed fertiliser plants by 2020-21 to make India self- sufficient in urea production and cut imports........

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................

Sensex makes history, closes at over 30,000; Nifty reaches all-time high.

India’s benchmark BSE Sensex closed over the 30,000-mark and Nifty hit all-time high on Wednesday, tracking global cues and investors who are upbeat on prospects of faster economic growth...........

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...............

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