Business News Updates

food inflation
January retail inflation up 5.11 percent, December IIP up 1.7

Bearing out the Reserve Bank of India's policy review last week on risks to the inflation target, the January retail inflation moved up to 5.11 percent month-on-month, while factory output grew marginally at 1.7 percent in December 2014 compared to 3.9 percent a month ago

'IT exports to grow 12-14 percent in 2016'
'IT exports to grow 12-14 percent in 2016'

Indian IT exports, including software services and products are projected to grow 12-14 percent in the ensuing fiscal (2015-16), the industry's representative body Nasscom said today

Apple
Apple, first firm with capitalisation of over $700 bn

Shares of tech giant Apple surpassed $122, making the firm the first company in world history to exceed $700 billion in capitalisation at the close of a trading day

  • Monday, 21 June 2021
  • Apple
Mirach asks Supreme Court to let it buy Sahara assets
Mirach asks Supreme Court to let it buy Sahara assets

US-based Mirach Capital Group claims to have returned $2.625 million to Sahara Group and asked the Supreme Court to intervene and allow a sale of its assets to its "ready, willing, and able investors."

Daimler
Daimler India to roll out buses from Q2 end

Commercial vehicle maker Daimler India Commercial Vehicles (DICV) Tuesday said its bus plant is expected to start production at the end of second quarter this year

Facebook rings Reliance Communications for free data access
Facebook rings Reliance Communications for free data access

Reliance Communications, a part of the Anil Ambani-led group, Tuesday said it has been roped in by Facebook to offer free access to data and web sites to customers through the social networking site's global digital inclusion initiative, Internet.org

US, India headed for a trade war: Foreign Policy
US, India headed for a trade war: Foreign Policy

Washington: The growing “chumminess” between India and the US may soon give way to a trade war as simmering disputes between them retake centre stage, Foreign Policy magazine has suggested. President Barack Obama’s India visit last month and Indian prime minister Narendra Modi’s visit to Washington last September “suggested a growing camaraderie between the nations,” […]

  • Monday, 21 June 2021
Sensex closes 491 points down, capital goods stocks plunge
Sensex closes 491 points down, capital goods stocks plunge

A benchmark index of the Indian equities markets closed Monday's trade down 491 points or 1.71 percent as capital goods stocks plunged

CB Bhave
PE against Bhave, Abraham on credible information: CBI Director

The Preliminary Enquiry against former SEBI chairman C B Bhave and its ex-member K M Abraham was registered on the basis of "credible information" to probe alleged irregularities in granting sanction to MCX Stock Exchange, CBI Director Ranjit Sinha said on Thursday

PM attributes rising prices to global factors, higher MSP
PM attributes rising prices to global factors, higher MSP

Attributing price rise to global factors and higher MSP, Prime Minister Manmohan Singh Wednesday said the government has tried to protect the interest of poor people by maintaining supply through the PDS system

Jet airways
Top-deck exit continues at Jet; Acting CEO quits

Jet Airways' Acting CEO and Chief Financial Officer Ravishankar Gopalakrishnan has resigned, sources said today, the latest in the high-profile exit from the private carrier

coal based power plant
3rd unit of Kamalganga thermal power project gets commercially operational

New Delhi: GMR Group today announced that the third 350-MW unit of its Kamalganga thermal power project in Odisha has started commercial operation. “The third 350-MW unit of the Kamalganga thermal power project at Dhenkanal in Odisha was declared commercially operational today,” GMR said in a regulatory filing to the stock exchanges. The first 350-MW […]

  • Monday, 21 June 2021
income tax
E-filing of I-T returns: Taxpayers to get digital signatures

In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income Tax department has decided to bring in the facility of electronic signatures for taxpayers to endorse their bonafides

  • Monday, 21 June 2021
  • India
RBI
Unclaimed bank money to be used for depositors education: RBI

Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank said on Friday

  • Monday, 21 June 2021
  • RBI
Raghu ram Rajan
RBI yet to adopt inflation targeting, talks on with govt: Rajan

Reserve Bank Governor Raghuram Rajan on Friday said the central bank is yet to move to inflation targeting and is still in discussions with the government on the same

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