Business

Govt steps up black money chase

May 17: Stepping up its black money chase, the government on Tuesday pledged to handle “high risk” cases through enforcement actions as the number of those identified

Cyber attacks: a wake-up call for govt, companies

May 16: The latest ransomware WannaCry cyber attack across 150 countries has come as a wake-up call for the government and industries, which were hitherto hesitant to invest in software upgrades.

Financial institutions on high alert after WannaCry attack

May 16: Following the WannaCry ransomware attack, RBI has asked financial institutions to follow the instructions issued by CERT-In even as a few of them have already initiated measures to counter the attack.

SBI may merge two credit card joint ventures

May 16: State Bank of India, which is planning to hike stake in its card venture, may look at merging two of its joint ventures in the credit card business.

Economic data pushes scrips to all-time high

May 16: It was a day of another lifetime highs for the Indian markets as investors cheered better than expected macro economic data, which raised hopes of a rate cut by the Reserve Bank of India (RBI) in its next policy.

Exports up 20% in April; trade deficit widens

May 16: On a revival path for eight consecutive months, India’s exports grew close to 20% in April but imports too grew significantly widening the trade deficit to $13.25 billion.

Property dealers to come under PMLA

May 16: The government will soon bring property dealers under the purview of Prevention of Money Laundering Act (PMLA) so as to curb the use of black money in real estate and sky-rocketing prices.

ICICI Bank cuts home loan rates by 30 bps

May 16: ICICI Bank has said that it has reduced interest rates by 30 basis points (bps) for home loans up to Rs 30 lakh

Sensex, Nifty leap to new record highs on funds inflow

May 16: Raising the bar, the Sensex today shot up another 181 points to a fresh all-time intra-day high of 30,503 and the Nifty 9,482, with retail investors steering the ship amid unabated foreign capital inflows.

Not correct to assume IT industry going for big job cuts: Govt

May 16: Amidst apprehension that large scale job cut likely to take place in Indian IT sector, the Centre on Tuesday said that IT industry

Nifty breaches 9,500-mark, Sensex at new high

May 16: Benchmark Nifty breached the key 9,500-level for the first time, while the Sensex surged to a fresh lifetime high of 30,567 in afternoon trade today on early arrival of rains and persistent foreign inflows.

Solar tariff drops to Rs 2.44 per unit

May 13: Solar power tariff hit new lows of Rs 2.44 per unit, in the auction conducted for Bhadla solar park in Rajasthan on Friday.

Karnataka ready to look into job loss in IT sector

May 13: Karnataka IT and BT Minister Priyank Kharge on Friday said the government is ready to involve the labour department to deal with the ongoing lay offs in the IT industry, if there is any formal complaint from employees.

Aadhaar not required for filing I-T returns in Assam, J&K, Meghalaya

May 13: The government on Friday exempted non-resident Indians, individuals living in Assam, Jammu and Kashmir and Meghalaya, of Aadhaar for filing income tax returns or application of Permanent Account Number.

MobiKwik ties up with Bangalore One

May 13: Mobile wallet MobiKwik has joined hands with Bangalore One to enable digital payment solutions for the payment of government taxes, and utility bills.

Infosys defers salary hikes to July

May 13: Infosys, the second-largest IT services company, has deferred salary hikes for employees to July. In case of senior executives, it has pushed the pay hike to a much later date.

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

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