Business
Need to Reduce 'Friction' in Businesses in India: Narayana Murthy
To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said.
Flipkart Raises USD 1.4 Billion From Microsoft, eBay and Tencent
China-based Tencent owns social messaging app WeChat and has investments across various online companies like Practo, Ibibo etc.
Amazon Boss Bezos Selling $1 Billion Stock a Year to Fund Rocket Venture
Amazon.com founder Jeff Bezos said on Wednesday he is selling about $1 billion worth of the internet retailer's stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minute space rides starting next year.
Govt Exceeds FY17 Tax Collection Target at Rs 17.10 Lakh Crore
The government has exceeded the tax collection estimates for 2016-17 fiscal at Rs 17.10 lakh crore.
Sensex, Nifty Reach New Closing Peaks
The benchmark Sensex and the Nifty on Monday hit record closing high on the first trading day of 2017-18 to end at 29,910.22 and 9,237.85, respectively, driven by a rally in index heavy-weights RIL and L&T.
Infosys Shares Slip After Narayana Murthy Questions COO's Pay Hike
Only 24 percent of promoters voted in favour of the compensation hike, and rest of them abstained from voting.
Sensex Recoups 158 Points; Nifty Tops 9,200-mark on Asian Cues
The BSE Sensex recovered by over 157 points and the Nifty scaled a record high in early trade on widespread buying by investors and funds, triggered by a firm trend in Asian markets.
Tata Motors Arm to Sell Made in India Robot BRABO in Europe
Tata Motor's wholly owned subsidiary TAL Manufacturing on Sunday announced that BRABO -- the first Made-in-India robot -- has received "CE" certification for commercial sale in the European market.
Five Associate Banks, BMB Merge With State Bank of India
Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on Saturday, catapulting the country's largest lender to among the top 50 banks in the world.
Australian Govt Company Seeks to Invest in Adani's Coal Mine Project
Frawley said the company was also looking at another USD 5.4 billion Cross River Rail initiative for the country.
Rupee Gains 9 Paise More Against Dollar at 64.95
The rupee advanced 9 paise against the dollar to breach the 65 level at 64.95 -- a fresh 17-month high -- in early session on Wednesday on increased liquidation of the American currency by exporters and banks.
'Most Equity-Based MFs Underperform in Last One Year'
In terms of returns to investors, most of the equity focused mutual funds in the country have underperformed their respective benchmark S&P BSE indices, for one year ended December 2016, says a report.
Jaitley Discusses GST, other Economic Issues with Maharashtra FM
Union finance minister Arun Jaitley on Sunday discussed issues related to GST and other economic matters with Maharashtra finance minister Sudhir Mungantiwar, representatives of industries and bankers.
Declare Black Money by March 31 or Face Penalty, Warns I-T Dept
With the scheme to declare unaccounted income coming to an end on March 31, the income tax department on Friday warned black money holders to make use of the remaining period or face penalty.
Airtel to Acquire Tikona Networks' 4G Business for About Rs 1,600 crore
"We believe that combining our capacities in TD-LTE (4G technology for 2300 Mhz band) and FD-LTE (technology for 1800 Mhz and other spectrum bands) will further bolster our network, and help us provide unmatched high-speed wireless broadband experience to...
Govt May Table 4 GST Bills in Parliament Today: Minister
The Cabinet on Monday cleared the four GST related bills to enable roll out of the Goods and Services Tax from July 1.