Business
Air India Plans to Lease Seven More A320 Neo Planes
National carrier Air India, which has already firmed up its plans to induct 22 Airbus A320 neos in its fleet, would dry lease another seven such aircraft for a 12-year period.
I-T Department Asks IDS Declarants to Pay Tax by November 30
The Income Disclosure Scheme (IDS), which was open from June to September, provided a one-time opportunity to domestic blackmoney holders to disclose wealth and come clean by paying 45 per cent tax and penalty.
E-Commerce Giant Amazon to Sell Amul Products in US
GCMMF, which sells its products under the Amul brand, is owned by over 3.6 million milk producers. Its turnover stood at over Rs 23,000 crore in FY2015-16.
Govt to Launch E-Pashu Haat To Encourage Farmers For Dairy Business
The first step is to facilitate a market for livestock for those farmers keen to taken up dairy as a supplementary business, he added.
Weakening Rupee, Its Causes, Implications for Equities
The Indian currency has plunged nearly 2.91% since Donald Trump's victory in the US Presidential polls earlier this month on account of capital outflows after rising US bond yields and a strong dollar.
Sensex Falls 146 Points, NSE Hangs Below 8000-Mark
After rising for two back-to-back sessions, the stock market turned weak as the benchmark Sensex fell nearly 146 points and the NSE Nifty hung below the 8,000-mark in early trade today, with participants liquidating positions in view of November month der...
Rupee Hits Record Low, Plunges 30 Paise to Hit 68.86
Rupee's unabated free-fall continued for the fifth straight day on Thursday as it weakened by another 27 paise to hit a fresh 9-month low of 68.83 against the dollar in early trade amid foreign fund outflows and the greenback's surge in overseas markets.
Cyrus Mistry Does U-turn on Corus, TCS as Tata Veterans Trash Claims
A day after Mistry had claimed that Ratan Tata's "ego" led to "overpayment" for Corus, which was available for half the price a year before the deal, Tata Steel too came out with a strongly worded statement saying the acquisition was extensively deliberat...
Modi Govt Has Sent Right Signals to Foreign Investors: French Economist
Foreign investors now perceive India as "a right place to do business" due to various initiatives of the Modi government in the past two-and-a-half years, globally acclaimed French economist Guy Sorman said.
Sensex Bleeds 514 Points to 6-month Low on Fund Outflow, Weak Rupee
The cup of woes for markets spilled over as the Sensex today plunged over 514 points to end at nearly 6-month low of 26,305 and the Nifty crashed below 8,200 after fears of acute cash crunch arising out of demonetisation played out amid capital outflows a...
Cyrus Mistry Rebuts Tata and Sons, Says They Are Misleading Public, Shareholders
Ousted chairman Cyrus Mistry on Tuesday rebutted Tata Sons' contention of expenses having risen under his four-year rule, calling it a "brazen attempt to mislead" public and shareholders and said "significant" costs were incurred for corporate jets used b...
Currency Clean Up: Housewives Needn't Worry, Jewellers To Be Cautious
Are you a housewife or worker who has queries about the aftermath of the demonetisation scheme? Here’s a simple guide, culled from the Finance Ministry’s press conference on Thursday.
Demonetisation: Govt Move Will Hit Real Estate, Slow Down Inflation, Says Former RBI Governor
In an interview with CNN-News18, a former Reserve Bank of India Governor, who declined to be identified by name, said real estate and imports would be affected due to Centre's demonetisation move.
Private Sector Needs to Invest Big-Time, Says Jaitley
Finance Minister Arun Jaitley on Saturday said public and foreign investment remains intact, but private sector expansion is needed in a big way to let the economy start firing on all cylinders.
Photographers Roughed up as Cyrus Mistry's Arrival at Tata Group Headquarters Triggers Chaos
A scuffle broke out between security personnel at Bombay House and photographers trying to click pictures of ousted Tata Sons Chairman Cyrus Mistry, injuring one of them, ahead of the board meeting of Tata group firm Indian Hotels Company Ltd on Friday.
Rupee Makes a Weak Start, Slips 9 Paise Against Dollar
The rupee on Wednesday got off to a bumpy start as it depreciated 9 paise to 66.80 against the US dollar after demand for the American currency from importers went up.