Latest updates on business, finance and economy from across the world

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  • Petrol, diesel rates fall for fifth straight day
    on October 22, 2018 at 6:25 am

    This is the fifth straight reduction in the fuel rates after the prices zoomed to record highs amid rise in global crude oil cost. Petrol prices were cut by 30 paise while the diesel rates were reduced by 27 paise. […]

  • JSW Steel may raise funds via rights issue
    on October 22, 2018 at 5:56 am

    Sajjan Jindal-led JSW Steel has said it will consider raising additional long-term resources, including issuance of equity shares or other securities, through a rights issue at its board meet next week. […]

  • How to fund your child’s sports dreams
    on October 22, 2018 at 4:43 am

    Sports is emerging as a possible career choice for many youngsters and parents need to plan their finances to fund future champions. Experts feel that along with focus on honing their kids’ sporting acumen, it is also important for parents to address the financial aspect early on. […]

  • Sensex opens in green; Nifty above 10,300
    on October 22, 2018 at 4:01 am

    On BSE, HDFC Bank, Adani Ports, Sun Pharma and Vedanta were among the major gainers, rising as much as 1.54 per cent. On the NSE index, Nifty financial service, Nifty Pharma and Nifty PSU Bank showed gains by rising as much as 1.17 per cent. […]

  • Future of the car older than Model T?
    on October 22, 2018 at 12:32 am

    A Bloomberg News analysis of about 80 companies in the lithium-ion battery business shows the technology’s ascent rippling through a global web and boosting providers of raw materials and components suppliers that, in several cases, predate the 1908 introduction of Ford Motor’s Model T. […]

  • Infosys' rising staff costs worry investors
    on October 22, 2018 at 12:29 am

    Investors seem to have found developments that are worrying, most prominently the higher subcontractor costs, and employee-related costs in the $700-million Verizon deal that Infosys won recently. There is also talk that some big banking customers of Infosys have indicated that their IT budgets are likely to be constrained in the coming months. […]

  • Oyo forays into long-term rental sector
    on October 22, 2018 at 12:26 am

    The company’s chief growth officer, who is heading this new business Oyo Living, said that Oyo is working with independent owners and large builders to lease out properties for long-term housing needs of young professionals. Oyo, valued at $5 billion, has about 213,000 hotel rooms across India, China, Malaysia, Nepal, UK, UAE and Indonesia. […]

  • Are companies bribing doctors to push vaccine combos?
    on October 21, 2018 at 11:43 pm

    A vaccine against 5 diseases, including Hepatitis B costs Rs 382, but the addition of a polio vaccine pushes the price up to Rs 2,392 though the standalone injectable polio vaccine costs just about Rs 400 in the open market. Vaccine companies’ spokespersons say it is because adding a component makes the manufacturing process more complex. […]

  • Govt sees space for Indian exporters in US
    on October 21, 2018 at 8:46 pm

    The commerce department is sensing an opportunity for exporters in the US due to the trade war with China and has identified close to 180 items where Indian players can take advantage of the opportunity that has opened up due to higher duties on Chinese products. […]

  • PM asks carpet industry to grab 50% global market share
    on October 21, 2018 at 4:42 pm


  • SpiceJet to start Shirdi-Hyderabad flight from Nov 3
    on October 21, 2018 at 4:36 pm


  • Traders ask Jaitley to extend GST return deadline
    on October 21, 2018 at 2:51 pm

    GST Return Filing: The finance ministry on Sunday extended the deadline for filing summary sales return GSTR-3B for the month of September by five days to October 25. With this extension, businesses which wish to claim Input Tax Credit (ITC) benefit for July 2017-March 2018 period can do so till October 25. […]

  • Petrol, diesel prices cut for fourth straight day
    on October 21, 2018 at 4:47 am

    Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification of state-owned oil firms. In Delhi, petrol now costs Rs 81.74 a litre and diesel is priced at Rs 75.19 per litre. In Mumbai, petrol is sold for Rs 87.21 per litre and diesel at Rs 78.82. […]

  • 'SBI plans to open wealth hubs in 50 centres by 2020'
    on October 20, 2018 at 12:59 pm

    Interacting with media after launching the hub, Rajnish Kumar said the bank that has rebranded its wealth business as SBI wealth, seeks to offer the best-in-class personalised banking and investment services to its elite high net worth individual (HNI) clients through a dedicated team of relationship managers. […]

  • HDFC Bank's net profit rises 21% in Q2
    on October 20, 2018 at 11:00 am

    The net interest income (interest earned minus interest expended) for the quarter grew by 20.6 per cent to Rs 11,763.4 crore, driven by average asset growth of 22.9 per cent and a net interest margin of 4.3 per cent, it said. The bank had registered a net profit of Rs 4,151.03 crore in the similar July-September quarter of 2017-18. […]

  • Gold prices remain up on festive buying
    on October 20, 2018 at 10:01 am

    Traders attributed the sustained rise in gold prices to increased buying by local jewellers, driven by ongoing festive season and a firming trend in global markets. […]

  • Jet Airways to pay 25% of Sept salary by Oct 25
    on October 20, 2018 at 5:57 am

    Jet Airways on Friday told its pilots, aircraft maintenance engineers and senior management that 25% of their September salary will be paid by October 25. However, no date has been given for clearing the remaining 75% of September pay to this section of employees. […]

  • RBI gives banks more room to lend to NBFCs
    on October 20, 2018 at 12:27 am

    The Reserve Bank of India (RBI) has given banks more headroom to lend to non-banking finance companies (NBFCs) by exempting these loans from some of the prescriptions on liquidity requirements. Additionally, the single-borrower limit for even those NBFCs not in the infrastructure segment has now been hiked to 15% of capital funds. […]

  • AI-IA merger, plane purchase during UPA under ED lens
    on October 19, 2018 at 9:43 pm

    The Rs 70,000 crore purchase of aircraft from Boeing and Airbus is being probed by the CBI, which had registered a case in May last year after the SC directed the agency to investigate the charges. The ED is probing the role of the then officials of civil aviation ministry, Air India and Indian Airlines and some functionaries of the then UPA government. […]

  • You can buy and sell bitcoins at this ATM in Bengaluru
    on October 19, 2018 at 8:39 pm

    Cryptocurrency exchange Unocoin has launched an ATM — or a kiosk, as the company prefers to call it — for Indians to buy and sell bitcoins. The first of these has been installed in a mall in Bengaluru. The ATM, provided by ATM-maker NCR, is like the regular bank machine that we see, but with a few modifications. […]

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