Business Today - Business

Coronavirus: Govt issues advisory, screens flyers from Wuhan to prevent China virus

14 minutes ago

Business / Business Today/ Biz Wrap

China Coronavirus: The Ministry of Health and Family Welfare listed out steps undertaken to prevent the spreading of the China virus. This primer on the steps taken by the government came after China reported 41 coronavirus cases as per a WHO update...

Zee Entertainment share price falls 4% on decline in Q3 net profit

17 minutes ago

Business / Business Today/ Biz Wrap

Following the result announcement, shares of Subhash Chandra-led media company fell 4.05% and touched an intraday low of Rs 272.45 on BSE...

Over 70% electoral bonds sold in 3 months during Lok Sabha polls, shows RTI

an hour ago

Business / Business Today/ Biz Wrap

Mumbai witnessed the maximum (by value) sale of 2,899 bonds worth Rs 1879.96 crore (30.67 per cent), followed by Kolkata and New Delhi..

National policy on rare diseases should address more patients and funding options, say experts

an hour ago

Business / Business Today/ Biz Wrap

The current draft policy proposes to provide up to Rs 15 lakh for rare disease treatment to patients, who need one-time treatment and are covered under Ayushman Bharat..

Toyota, Honda recall over 60 lakh vehicles due to glitches in air bag

an hour ago

Business / Business Today/ Biz Wrap

The cars have air bag control computers made by ZF-TRW that are vulnerable to electrical interference and may not signal the bags to inflate..

Saudi Crown Prince hacked Jeff Bezos phone, says report

2 hours ago

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Bezos phone's security was compromised after he opened a malicious video file sent from the number crown prince of Saudi Arabia on his WhatsApp..

Govt approves up to 100% FDI in Bharti Airtel from 49% allowed earlier

3 hours ago

Business / Business Today/ Biz Wrap

The FDI approval comes few days before Bharti Airtel has to clear the statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues (excluding the dues of Telenor and Tata Teleservices)..

Wealth inequality in US highest among advanced economies; progressive tax system required: Gita Gopinath

4 hours ago

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WEF 2020: The IMF chief economist said this was primarily due to unequal access to education and healthcare across the country..

How to tackle India's 'others' category problem in product classification?

14 hours ago

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Along with the plans to move such items to the "restricted" category that requires import licences, the government can also increase the customs duty on them to discourage imports and strengthen local manufacturing..

Zee Entertainment Q3 profit drops 38% to Rs 349 crore, revenue falls 6%

16 hours ago

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Zee Q3 results: Advertising revenue fell 15.8 per cent YoY to Rs 1,230.80 crore due to tough macro-economic environment; subscription revenue rose 15.4 per cent YoY to Rs 713.70 crore..

WEF 2020: India grappling with huge trade deficit, particularly with China, says Piyush Goyal

17 hours ago

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World Economic Forum: Talking about the Regional Comprehensive Economic Partnership (RCEP), Commerce and industry minister Piyush Goyal added that the regional economic pact in its present form was clearly an unrealisable agreement..

Is newsprint being dumped in India? Govt starts investigation

18 hours ago

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Indian newsprint imports latest news: Indian newsprint makers use recycled or wastepaper as the raw material while most of the foreign producers use wood pulp..

Blame on India for global slowdown; IMF's Gita Gopinath points out where Asian giant errs

21 hours ago

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Mysuru-born Gita Gopinath said that the economic slowdown in India had impacted global forecasts by over 80 per cent..

Budget 2020: Economic reforms, infrastructure spending key to India's $5 trillion economy target

21 hours ago

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Steadfastly treading the path of economic reforms, implementing investor-friendly policy interventions and ensuring speedy implementation of infrastructure projects is key to realising India's vision of becoming a $5 trillion economy by 2024..

Info Edge shares rise over 3% as Zomato acquires Indian business of Uber Eats

22 hours ago

Business / Business Today/ Biz Wrap

The company in a regulatory filing submitted today said that it has reduced its shareholding in Zomato, which now stand at 22.71% on fully converted and diluted basis upon closing of the transaction..

Facebook to hire 1,000 in London this year

yesterday

Business / Business Today/ Biz Wrap

Over half of the new jobs will be in technology, including software engineering and data science..

Rupee vs Dollar: Rupee opens weak, slips lower to 71.19 per dollar

yesterday

Business / Business Today/ Biz Wrap

At the interbank foreign exchange market, the local currency opened on a weak note at 71.17 and fell further to hit a low of 71.19 against the US dollar...

WEF 2020: Donald Trump to join world leaders in Davos as impeachment trial heats up

yesterday

Business / Business Today/ Biz Wrap

Trump's two-day visit to Switzerland will test his ability to balance his anger over being impeached with a desire to project leadership on the world stage..

Chidambaram warns Modi govt's ministers will attack Gita Gopinath after IMF cuts growth forecast

yesterday

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Chidamabaram says IMF Chief Economist Gita Gopinath was one of the first to denounce demonetisation; we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath, he adds..

Breather for GVK Group! Arbitration tribunal restrains Bidvest from selling stake in Mumbai airport

yesterday

Business / Business Today/ Biz Wrap

The arbitration tribunal order said that "the induction of a third party in the affairs of MIAL would have its own consequences and it is difficult to foresee them."..

INX Media case: ED grills Karti Chidambaram again in money laundering case

yesterday

Business / Business Today/ Biz Wrap

Allegations against Karti state that he received kickbacks in lieu of his father P Chidambaram facilitating infusion of foreign funds in INX Media in 2007 during his tenure as the Finance Minister..

DoT seeks Rs 48,000 crore from Oil India in telecom dues

yesterday

Business / Business Today/ Biz Wrap

Oil India Ltd (OIL) is the second oil and gas firm after GAIL India to have been slapped a demand notice. From gas utility GAIL, the DoT has sought Rs 1.72 lakh crore..

Pariksha Pe Charcha 2020: PM Modi pitches for 'Make in India', urges youth to buy local products

yesterday

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Pariksha Pe Charcha 2020: Narendra Modi said that he hopes that the youth would take it upon themselves to act on some of the fundamental duties enshrined in the Constitution..

ED arrests NRI businessman CC Thampi over FEMA violations in property deals

yesterday

Business / Business Today/ Biz Wrap

Thampi is being probed for alleged forex violations of over Rs 1,000 crore and other charges. A show-cause notice of over Rs 1,000 crore was slapped by the Enforcement Directorate (ED) against him in 2017..

Delhi Assembly Election 2020: CM Kejriwal to hold rally in CP; file nomination for New Delhi seat today

yesterday

Business / Business Today/ Biz Wrap

Delhi Assembly Election 2020: CM Kejriwal will hold a roadshow which will go to Connaught Place via Panchkuian Marg into the Inner Circle and then towards the Outer Circle on to Baba Kharak Singh Marg..

Slowdown Blues: Railway freight traffic drops to three-year low in April-December'19

yesterday

Business / Business Today/ Biz Wrap

Coal freight traffic which accounts for almost half of the total traffic declined by 2.3% in the first nine months of 2019/20 as against a 10.1% rise seen in the year-ago period..

Budget 2020: FM Sitharaman kicks off budgetary exercise with 'Halwa' ceremony

2 days ago

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Budget 2020: The customary 'Halwa Ceremony' is observed every year by the respective finance minister to mark the beginning of the process of printing the documents pertaining to the budget..

Rupee vs Dollar: Rupee slips 4 paise to 71.12 per dollar amid rising crude prices

2 days ago

Business / Business Today/ Biz Wrap

The rupee opened weak at 71.07 at the interbank forex market and fell further to 71.12, down 4 paise over its last close...

Oops! You may be allowed to buy just 1 duty-free alcohol bottle at airports

2 days ago

Business / Business Today/ Biz Wrap

Cigarettes may go off the shelves at airports altogether; the Centre has also suggested to increase import duty on as many as 300 more items, including paper, footwear, rubber items and toys, to promote 'Make in India' and to reduce import of non-essential goods..

66 lakh online rail tickets automatically got cancelled due to non-confirmation: RTI

2 days ago

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Nearly 65,68,852 wait-listed tickets booked on the IRCTC portal automatically got cancelled after failing to get confirmed between April and November 2019..

NCLAT directs DLF to register transfer of 60,000 shares to shareholder's heirs

2 days ago

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The NCLAT order came over a petition filed by DLF and one of its promoters Rajdhani Investments & Agencies, in which the real estate firm has challenged the order of NCLT's Chandigarh bench..

Budget 2020: Finance Ministry to launch social media campaign on budgetary terms

2 days ago

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Through the '#ArthShastri' campaign, the ministry would explain several economic terms through interesting animated videos to help common man and students understand budget exercise in a simple way..

'States refusing to implement CAA is unconstitutional,' says Nirmala Sitharaman

2 days ago

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Citizenship Act: Finance Minister Nirmala Sitharaman said that everybody in this country has the responsibility to implement the law that has been passed in the Parliament..

Kejriwal Guarantee Card launched: AAP promises 24x7 drinking water supply, free buses, women safety

2 days ago

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Arvind Kejriwal Guarantee Card: The card also states that Delhi will be free of wires and electricity will reach households through underground cable..

Investments in equity-oriented MF drop 41% to Rs 75,000 crore in 2019

3 days ago

Business / Business Today/ Biz Wrap

According to data with Association of Mutual funds in India equity and equity-linked saving schemes attracted an inflow of Rs 74,870 crore in 2019, much lower than Rs 1.2 lakh crore seen in 2018..

Six of top-10 most valued firms add Rs 62,772 crore in m-cap; RIL, TCS biggest winners

3 days ago

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Infosys added Rs 12,605.57 crore to Rs 3,26,999.39 crore in its m-cap and Kotak Mahindra Bank Rs 2,599 crore to Rs 3,24,455.51 crore..

Piyush Goyal says freight trains could compensate customers for delay in goods delivery

3 days ago

Business / Business Today/ Biz Wrap

Speaking at the foundation day of the Dedicated Freight Corridor Corporation of India Limited, Goyal said that it should make a commitment to its customers with a timetable for its freight trains..

Darbar Box Office Collection Day 10: Rajinikanth's film earns over Rs 10 crore in the US

3 days ago

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Darbar box office collection: Rajinikanth's film reportedly minted Rs 18 crore in Tamil Nadu alone on its first day..

Making India $5 trillion economy by 2024 'difficult, not impossible': Nitin Gadkari

3 days ago

Business / Business Today/ Biz Wrap

"Strong political will is very important to achieve any goal. Manifesting the same will, Prime Minister Narendra Modi has set ourselves the goal of making the country a $5 trillion economy," Gadkari said..

ED attaches assets worth Rs 204 crore belonging to ex-BSPL CMD Sanjay Singal

3 days ago

Business / Business Today/ Biz Wrap

The attached assets consist of movable and immovable properties in Delhi and London, the Enforcement Directorate said in a statement..

Centre agrees to take over Unitech, finish stalled projects

3 days ago

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The Centre, in its six-page note submitted to a bench headed by Justice D Y Chandrachud, said it is prepared to revisit its proposal of December 2017, to remove the existing management of Unitech Ltd and appoint ten nominee directors of the government..

India-Malaysia meet likely on the sidelines of WEF 2020 amid palm oil row

3 days ago

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WEF 2020 latest news: Trade ministers from India and Malaysia likely to meet on the sidelines of the Davos Worldwide Economic Forum next week. Here's what is likely to be discussed..

Boeing addresses new software issue in 737 Max aircraft

3 days ago

Business / Business Today/ Biz Wrap

Boeing officials said the issue relates to a software power-up monitoring function that verifies some system monitors are operating correctly..

ED attaches Rs 5 crore assets of former BSP Minister Rangnath Mishra in DA case

3 days ago

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Enforcement Directorate (ED) attached assets worth Rs 5 crore belonging to former BSP minister Rangnath Mishra . Here's all you need to know..

Cost optimisation of large customers hurts TCS amid flat profit growth in Q3

4 days ago

Business / Business Today/ Biz Wrap

TCS Q3 result: TCS reported a flat profit growth for the third quarter at Rs 8,118 crore vis-a-vis Rs 8,105 crore in the same period last year, thanks to the headwinds in BFSI and retail sectors..

Murugappa group family feud: It's time for more women to join family businesses

4 days ago

Business / Business Today/ Biz Wrap

Murugappa group feud: Part of the problem so far has been that traditionally, family constitutions tend to ensure that businesses get passed down to the male heirs of the family in business..

Darbar Box Office Collection Day 9: Rajinikanth's film superhit; Rs 200 crore worldwide a step away

4 days ago

Business / Business Today/ Biz Wrap

Darbar box office collection: Rajinikanth's film is estimated to have made Rs 220 crore from its pre-release business including the sale of its worldwide theatrical rights and all non-theatrical ancillary revenue..

Ajay Piramal does it again, sells data analytics business for a profit of Rs 3,350 crore

4 days ago

Business / Business Today/ Biz Wrap

Piramal says his flagship Piramal Enterprises will utilise that money for further business expansion..

Amazon boss Jeff Bezos holds closed-door meet with top industry honchos

4 days ago

Business / Business Today/ Biz Wrap

Amazon CEO discusses issues surrounding technology, data privacy concerns and global alliances; business leaders who attended the meeting included Reliance Chairman and MD Mukesh Ambani, Godrej Group Chairman Adi Godrej, Bharti Airtel Chairman Sunil Mittal, among others..

Global economic balance is shifting from US, EU to China, India: UN report

4 days ago

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"Recognising the shift in balance becomes crucial here as national policies need to be complemented by more effective international cooperation in order to achieve shared goals, particularly in the areas of climate change, international trade and finance"..

Reliance Industries reports Q3 profit at Rs 11,640 crore; revenue down 2.5%

4 days ago

Business / Business Today/ Biz Wrap

The rise in quarterly earnings came on the back of strong performance by the Mukesh Ambani-led conglomerate in retail and telecom businesses..

TCS reports Q3 net profit of Rs 8,118 crore; revenue up 6.7%

4 days ago

Business / Business Today/ Biz Wrap

TCS' Q3 revenue grows 6.7% to Rs 39,854 crore as compared to Rs 37,338 crore in the December 2018 quarter; TCS also declares its third interim dividend of Rs 5 per equity share of Re 1 each..

In two days, Tata group blows hot - and cold

4 days ago

Business / Business Today/ Biz Wrap

While Ratan Tata lauded government's "vision", N Chandrasekaran called for a change in economic and business culture to promote growth..

China's birth rate in 2019 lowest since 1949

4 days ago

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China's birth rate stood at 10.48 per thousand, the lowest since 1949, data from the National Bureau of Statistics..

Amazon promises 1 million new jobs in India amid tensions with government

5 days ago

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Jeff Bezos India visit: Amazon said it would create new jobs in India through investments in infrastructure, technology and logistics..

Jet Airways to sell Netherlands business to KLM

5 days ago

Business / Business Today/ Biz Wrap

If the deal is finalised, it will only involve a sale of part of the company's business and not impact the shareholding pattern, Jet said in a statement dated Jan. 16. It did not detail the assets held in Netherlands..

Share Market Update: Sensex, Nifty likely to open flat amid mixed cues; SGX Nifty Futures down 23 points

5 days ago

Business / Business Today/ Biz Wrap

Share Market Update: In Thursday's trade, Sensex climbed to a fresh all-time high of 42,059 and Nifty too has hit a new lifetime high of 12,389 from 12,374.25 earlier...

ISRO's communication satellite GSAT-30 successfully launched aboard Ariane rocket

5 days ago

Business / Business Today/ Biz Wrap

GSAT-30 is aimed at providing high-quality television, telecommunications and broadcasting services..

Phase-1 trade deal with US 'addressed' mutual concerns, 'good' for both sides, says Chinese Vice Premier Liu He

5 days ago

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US President Donald Trump and Chinese Vice Premier Liu He signed the phase-1 of the trade deal at a special ceremony at the White House on Wednesday..

BJP highest earner in FY19 at Rs 2,410 crore; TMC's income spikes 3,628%

5 days ago

Business / Business Today/ Biz Wrap

BJP's income increased 134 per cent from Rs 1,027 crore during FY18 to Rs 2,410 crore in FY19; TMC's income rose from Rs 5 crore in FY18 to Rs 192 crore in FY19..

Piyush Goyal calls Amazon's $1 billion investment in India 'no big favour'

5 days ago

Business / Business Today/ Biz Wrap

Bezos, who is currently in India, said Amazon would invest $1 billion to bring small businesses online in the country, seen as part of the company's efforts to dispel criticism..

Fiscal deficit understated, not less than 4.66% in FY19, says Subhash Garg

5 days ago

Business / Business Today/ Biz Wrap

Garg says it will be more convincing if the fiscal deficit goal is defined to include all budgetary and off-budgetary liabilities, which currently are around 4.5 per cent of GDP..

Wockhardt share price climbs 14% as DGCI approves two new antibiotics

5 days ago

Business / Business Today/ Biz Wrap

Wockhardt said the two approved new antibiotics, Emrok(IV) & Emrok O are used for acute bacterial skin and skin structure infections including diabetic foot infections and concurrent bacteraemia...

IT spending to reach $3.9 trillion in 2020 globally: Gartner

5 days ago

Business / Business Today/ Biz Wrap

Software will be the fastest-growing major market this year, reaching double-digit growth at 10.5 per cent...

Here's Kishore Biyani's advice to start-ups on how to position brand

6 days ago

Business / Business Today/ Biz Wrap

At Amazon's event for small businesses, SMBhav, in New Delhi, Kishore Biyani offered the audience some valuable perspective..

Oil prices gain after US, China sign 'Phase one' trade deal, rise in inventories

6 days ago

Business / Business Today/ Biz Wrap

Under the so-called Phase 1 deal to call a truce in a trade war between China and US, Beijing committed to buying over $50 billion more of US oil and other energy products over two years..

Opposition spreading negativity, could not find solution to unemployment in last 60 years : Home Minister Amit Shah

6 days ago

Business / Business Today/ Biz Wrap

Shah said the Skill India programme will become a solution to the country's unemployment problem in the coming days..

Budget 2020: Turn to John Maynard Keynes to revive Indian economy

6 days ago

Business / Business Today/ Biz Wrap

The Central government would do well to spend more, keeping fiscal consolidation aside when consumption demand is depressed and unemployment is high, leading to a fall in industrial production, profits and investments.Part I of this two-part series looks at the ground realities from a policy perspective and solutions that always existed but received inadequate attention of policymakers..

JNU's DNA is anti-national; change it or shut it down: RSS ideologue S Gurumurthy

6 days ago

Business / Business Today/ Biz Wrap

"It is not happening just today, JNU's DNA is against this country and everybody knows this," says Gurumurthy..

Bank strike on January 31, February 1 over demands of wage hike

6 days ago

Business / Business Today/ Biz Wrap

Bank strike in India News: The United Forum of Bank Unions (UFBU), which represents nine trade unions, said they will also hold a three-day strike from March 11-13. UFBU is seeking at least a 15-per cent hike, but the IBA has capped the raise at 12.25 per cent..

PMC Bank scam: Bombay HC sets up panel for sale of HDIL assets

6 days ago

Business / Business Today/ Biz Wrap

The Wadhawans shall help the committee in valuation of HDIL's encumbered properties, the court said..

Nirbhaya case: Execution of convicts can't happen on Jan 22 as mercy plea filed, says Delhi govt to HC

6 days ago

Business / Business Today/ Biz Wrap

Nirbhaya case: Justices Manmohan and Sangita Dhingra Sehgal were told by the Delhi government and the Centre that the petition filed by convict Mukesh, challenging his death warrant, was premature..

India is still open to RCEP talks, says MEA Jaishankar

6 days ago

Business / Business Today/ Biz Wrap

In November, China joined 14 countries in agreeing terms for RCEP, with India pulling out at the last minute saying the deal would hurt its farmers, businesses, workers and consumers..

YES Bank share price rises 6.6% on acquiring stake in Reliance Power's arm

7 days ago

Business / Business Today/ Biz Wrap

Market depth data on BSE suggested 67% buyers bidding on the stock compared to 33% sellers offering YES Bank stock..

Govt seeks Rs 19,000 crore dividend from oil companies: report

7 days ago

Business / Business Today/ Biz Wrap

Oil marketing companies have been asked to maintain or increase the dividend this year. ONGC has been asked to pay a dividend of around Rs 6,500 crore, whereas Indian Oil will have to pay Rs 5,500 crore..

Mindtree Q3 net profit up 3% at Rs 197 crore, revenue rises 10%

7 days ago

Business / Business Today/ Biz Wrap

The Bengaluru-based company saw its revenue grow about 10 per cent to Rs 1,965.3 crore in the quarter under review from Rs 1,787.2 crore in the year-ago period, it added...

At least 10 people killed by avalanches in Kashmir

7 days ago

Business / Business Today/ Biz Wrap

A senior Indian police official said five soldiers were among the 10 killed near the border between India and Pakistan...

'Will ensure Air India keeps operating uninterruptedly,' says Aviation Ministry

7 days ago

Business / Business Today/ Biz Wrap

Air India disinvestment: The ministry said that it aims to improve the airline's operations as the government plans to go ahead with Air India's disinvestment process..

SAT upholds Sebi's order levying fine of Rs 2,423 crore on four PACL directors

7 days ago

Business / Business Today/ Biz Wrap

The company and its directors had mobilised funds to the tune of over Rs 2,686 crore by running unregistered collective investment schemes between 2013 and 2014..

Task cut out for Lakshmi Mittal's son Aditya to expand business empire in India

7 days ago

Business / Business Today/ Biz Wrap

Aditya Mittal, who is also the chairman of HMEL, spearheads HMEL's expansions into petrochemicals..

Why sugarcane farmers don't want Brazilian President as chief guest on Republic Day

7 days ago

Business / Business Today/ Biz Wrap

Brazil, a major sugarcane producer, has been against India's existing scheme to support sugarcane farmers claiming that it was beyond the permissible limits under the WTO regulations..

As companies go 'regional', 'globalization' has made way for 'slowbalisation': Kumar Mangalam Birla

7 days ago

Business / Business Today/ Biz Wrap

"The world is no longer flat...as globalization makes way for 'slowbalisation,' the emerging pattern of trend is more regional," says the tycoon..

Tata-Mistry dispute: Behind Nusli Wadia's decision to withdraw lawsuits against Ratan Tata

7 days ago

Business / Business Today/ Biz Wrap

The dispute initially was the unceremonious removal of Mistry from the chairmanship of Tata. Wadia, who was on the boards of major Tata group companies, found it shocking and against the corporate governance standards..

Room, water heaters sell like hot cakes; products sold out amid dipping temperature

7 days ago

Business / Business Today/ Biz Wrap

With the extreme drop in temperature last year, there has been an extreme shortage of room heaters. Even though consumers are willing to pay a premium, there aren't any stocks available..

Who is Michael Debabrata Patra, the new RBI Deputy Governor to fill Viral Acharya's position

7 days ago

Business / Business Today/ Biz Wrap

Michael Debabrata Patra appointed RBI Deputy Governor: He is currently the Executive Director of the Monetary Policy Department..

Gold price today: Yellow metal falls Rs 2,000 per 10 gramme in one week

7 days ago

Business / Business Today/ Biz Wrap

Compared to its highest level of Rs 41,293 per 10 gramme recorded on January 8, 2020, gold prices in the domestic market has fallen over Rs 2,000 per 10 gramme in a week...

ED asks Edelweiss Financial Services to appear before it on Jan 15

8 days ago

Business / Business Today/ Biz Wrap

Edelweiss Financial Services chairman Rashesh Shah had earlier stated in a filing that the FEMA violation allegations were false and that the company would fully cooperate in the investigation..

Rupee vs Dollar: Rupee rises 8 paise to 70.78 per dollar amid easing of US-China trade tensions

8 days ago

Business / Business Today/ Biz Wrap

At the interbank foreign exchange the rupee opened at 70.78 against the US dollar, registering a rise of 8 paise over its previous close...

RBI imposes restrictions on Bengaluru bank; lender says depositors' money 100% safe

8 days ago

Business / Business Today/ Biz Wrap

The Bengaluru-based lender cannot issue new loans or make any new investments without prior approval from the banking regulator for the next six months..

Share Market Update: Sensex, Nifty to open higher amid positive global equities; SGX Nifty Futures up 20 points

8 days ago

Business / Business Today/ Biz Wrap

Share Market Update: Globally, equity indices traded near record highs ahead of the expected signing on a Sino-US trade deal tomorrow, on January 15, 2020...