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Rupee ends at fresh 2-month high of 71.93 despite oil rebound

7 hours ago

News / Times Of India/ Business

The rupee Friday strengthened further by 4 paise to close at a fresh two-month high 71.93 against the US currency, continuing its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the $70 per barrel mark and forex inflows have boosted the rupee sentiment as the domestic currency posted gains of 57 paise or 0.79 per cent this week to touch two-month high levels...

New RBI window may not increase credit to NBFCs: Report

9 hours ago

News / Times Of India/ Business

On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies (HFCs)...

Flipkart hires Smriti Singh as its chief human resources officer

13 hours ago

News / Times Of India/ Business

Flipkart has hired Smriti Singh as its chief of human resources officer (CHRO), industry sources said. Singh was previously the executive vice president HR for Sony Pictures Networks India . She is expected to join Flipkart as its CHRO in December. Singh's appointment comes after former COO Nitin Seth had to quit abruptly in May last year...

Tata Sons wants to fly out of joint venture with AirAsia

14 hours ago

News / Times Of India/ Business

Initial discussions to this end have begun, even as the conglomerate inches closer to a separate deal to acquire ownership stake in India’s second-biggest airline Jet Airways from its founder Naresh Goyal...

IGI runway work cuts 100 flights, fares up 100% on few routes

15 hours ago

News / Times Of India/ Business

Spot airfares in and out of Delhi have shot up for the next 10 days as the closure of one runway for regular maintenance at infra-starved IGI Airport has led to cancellation of about 100 flights daily...

Suresh Prabhu says Air India sale bid was ill-timed

3 hours ago

News / Times Of India/ Business

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How much reserves are enough for RBI?

19 hours ago

News / Times Of India/ Business

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Diwali drained Rs 50,000 crore cash from banks

22 hours ago

News / Times Of India/ Business

The biggest weekly increase in currency in circulation was in the week ending January 13, 2017, which saw an additional Rs 52,786 crore flow out of banks as currency presses worked overtime to replace demonetised notes. An increase in currency in circulation reduces the lendable resources of banks and pushes up interest rates...

Did Binny Bansal actually say he was sorry?

yesterday

News / Times Of India/ Business

There are two versions of a mail from Binny, one which was sent to the media, and another that Flipkart employees received. They are identical, except for a four-word apology. The one to the media contained the words “I am deeply sorry” as part of the line: “I am concerned that this may become a distraction for the company and the team, for which I am deeply sorry.”..

Emirates first-half profit falls 86% on higher fuel costs

yesterday

News / Times Of India/ Business

Emirates, the world's biggest long-haul airline, made 226 million dirhams ($62 million) in the six months to September 30, compared to 1.7 billion dirhams a year earlier...

Air India eyes Rs 800cr from sale of 70 properties

yesterday

News / Times Of India/ Business

This fresh bid is a part of the airline's real estate assets monetisation plan approved by the then UPA government in 2012. As per the plan, Air India had to the garner funds to the tune of Rs 5,000 crore between April 2014 and March 2021, with an annual target of Rs 500 crore from FY13 onwards...

SoftBank commits $3 billion to WeWork

yesterday

News / Times Of India/ Business

SoftBank is by far the biggest investor in We-Work, which was founded in 2010 and runs shared office spaces. WeWork raised $1 billion from Soft-Bank in August in the form of a convertible note, which would convert to equity at varying share prices depending on the circumstances of next funding round...

Sensex, Nifty turn choppy after opening higher

yesterday

News / Times Of India/ Business

Hero MotorCorp, Wipro, Infosys, Tata Motors and L&T were among the top performing stocks on the BSE index, rising as much as 1.61 per cent. On NSE, sub-indices Nifty IT and Pharma witnessed major gains, up as much as 1.03 per cent...

IDBI reports Rs 3,602 cr loss, LIC to pump in Rs 20k cr

yesterday

News / Times Of India/ Business

Announcing the results the bank’s CEO Rakesh Kumar said that Life Insurance Corporation (LIC) is set to infuse Rs 20,000 crore into the bank, which will immediately improve the bank’s capital adequacy ratio to 16% from 6.22% at present, but might drop after next quarter’s results...

Zee may be open to bigger share sale

2 days ago

News / Times Of India/ Business

The statement along with the appointment of LionTree, led by prolific media and telecom deal-maker Aryeh Bourkoff, and Goldman Sachs as advisors, appeared to convince market mavens that the Chandra family is eyeing a large deal with US cable and media behemoths like Charter Communications and Comcast...

Vodafone Idea reports loss of Rs 4,973 crore for September quarter

2 days ago

News / Times Of India/ Business

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Gautam Singhania resigns as Raymond Apparel chairman

2 days ago

News / Times Of India/ Business

The company has appointed Nirvik Singh as the non-executive chairman and Anshu Sarin has non-executive director along with Gautam Trivedi, who has joined as an independent director...

Infosys to hire 500 American workers by 2020

2 days ago

News / Times Of India/ Business

Last year, Infosys had announced setting up of four such hubs and hiring about 10,000 locals in the US by 2019. Infosys has hired over 6,200 American workers since May 2017...

Ashok Leyland stock dives over 9% after CEO's exit

2 days ago

News / Times Of India/ Business

Ashok Leyland Share Price: Shares of the company plunged as much as 9.28 per cent (intraday) to Rs 108. The scrip posted its biggest intraday loss in over a month since October 11...

Sensex, Nifty show gains amid recovery in rupee

2 days ago

News / Times Of India/ Business

Asian Paints, Tata Steel, Hindustan Unilever, ONGC and Maruti Suzuki were among the top performers on the BSE platform, rising as much as 3.72 per cent. On NSE, Nifty PSU Bank and Metal were the outperforming sub-indices, gaining as much as 0.80 per cent...

Will support cos that start out of India, says Twitter CEO

2 days ago

News / Times Of India/ Business

Twitter CEO and co-founder Jack Dorsey is excited about sharing details of his India trip – from Dalai Lama pulling his nose ring to his trip to Jaipur – but is guarded when you poke him about regulatory issues and dealing with the government...

Telcos to be audited over revenue filing?

2 days ago

News / Times Of India/ Business

The government, which gains revenues from the sector as a percentage of their adjusted gross revenues (AGR), feels that not all may be well when it comes to reporting of financial figures by the top telecom companies. Those under the scanner, as per sources, include Bharti Airtel, Vodafone and Idea Cellular, Tata Tele, and new entrant Reliance Jio...

Flipkart CEO Binny Bansal resigns after misconduct probe

3 days ago

News / Times Of India/ Business Videos

Flipkart CEO Binny Bansal resigns after misconduct probe..

Air India removes Kathpalia as operations director

3 days ago

News / Times Of India/ Business

The Directorate General of Civil Aviation (DGCA) had on Monday suspended his flying licence for three year. Kathpalia had failed alcohol test before operating a Delhi-London flight on Sunday...

No. of Indians studying in US up by 5.4% in 2018

3 days ago

News / Times Of India/ Business

Speaking at the US-Indian Educational Foundation (USIEF), minister counsellor for consular affairs Joseph Pomper said, "Looking at the past 10 years of data, the number of Indians going to the United States has doubled. The reasons are clear: Indian students are looking for a great education and the United States continues to offer this."..

New board of IL&FS may sell group companies separately

3 days ago

News / Times Of India/ Business

"In order to ascertain market interest, and to examine feasibility of maximisation of value in an orderly and transparent manner, the board, while continuing to evaluate all options, has today initiated the process of exploring the sale of an asset engaged in the securities services business," said the company in a statement...

US: Immigrants behind over 50% bn-dollar startups

3 days ago

News / Times Of India/ Business

While India in 2016 was the leading country of origin for the immigrant founders of billion-dollar companies, with 14 entrepreneurs on the list, the country was third in the 2018 list, with eight entrepreneurs...

Jet lost Rs 14.4 cr every day in H1 of 2018-19

4 days ago

News / Times Of India/ Business

The airline blamed the loss on “tough industry environment…sharp rise in Brent fuel price by more than 50% over Q2 FY18, a depreciating rupee and a challenging pricing situation in an over-capacitated domestic market.”..

Does RBI's economic capital framework need a 'fix'?

4 days ago

News / Times Of India/ Business

The government believes that the RBI is sitting on much higher reserves than it actually needs to tide over financial emergencies that India may face. Some central banks around the world (like US and UK) keep 13% to 14% of their assets as a reserve, compared to RBI's 27% and some (like Russia) more than that...

Markets open in green, Sensex up over 100 points; Nifty above 10,600

4 days ago

News / Times Of India/ Business

Bharti Airtel, Kotal Mahindra Bank, Adani Ports, IndusInd Bank and Infosys were among the major gainers on the BSE platform, up as much as 1.52 per cent. ON NSE, Nifty IT and Pharma were among the top gainers, up as much as 1.27 per cent...

SFIO to probe IL&FS financial arm’s dealings with group entities

4 days ago

News / Times Of India/ Business

Sources told TOI that the government and the SFIO are looking at both the aspects in most of the probe related to beleaguered IL&FS, where the board was superseded and a new set of directors led by Uday Kotak are currently evaluating restructuring options...

Karnataka accounts for 25% of all investment plans in India

5 days ago

News / Times Of India/ Business

Analysis of data from the Ministry of Commerce and Industry show that with Rs 83,236 crore worth of investment proposals, the state accounts for 25% of the total value of such proposals in India. The total for the country is Rs 3.38 lakh crore...

Gold slips from 6-year high on weak global cues

6 days ago

News / Times Of India/ Business

In the national capital gold of 99.9 and 99.5 per cent purity commenced the week on a higher note at Rs 32,690 and Rs 32,540 per 10 grams, respectively on increased buying by jewellers and retailers on the auspicious occasion of 'Dhanteras' and 'Diwali' festival...

Mutal fund SIPs, inflows remain strong despite volatility

6 days ago

News / Times Of India/ Business

Net inflows into equity MFs (including equity-linked savings schemes or ELSS) stood at Rs 12622 crore in October, a 6.5% improvement over the previous month, data with the Association of Mutual Funds in India (AMFI) showed...

MS Dhoni bats for India Cements on earnings call

6 days ago

News / Times Of India/ Business

Oversupply, coupled with poor demand, spooked the cement industry in the South. India Cements operated its plants at 80% of rated capacity for the September quarter. Dhoni said he would spend more time with India Cements going forward as he was playing only one of three formats of international cricket for India...

Jet Airways independent director Vikram Singh Mehta quits

7 days ago

News / Times Of India/ Business

“As per Mehta, ‘in recent months, the call on my time from my other obligations has mounted and I find it increasingly difficult to dedicate the time and attention required to discharge my fiduciary responsibilities. It is for this reason that I have resigned. I wish to express my gratitude to my colleagues on the Board for their support and to the Chairman for his leadership’,” the airline said in its statement...

India examining details of exemptions on buying Iranian oil

7 days ago

News / Times Of India/ Business

The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. India is one of its biggest customers...

LPG price hiked by over Rs 2 after rise in dealers' commission

7 days ago

News / Times Of India/ Business

This followed an order of the oil ministry that raised the dealer's commission. In that order, the ministry said the domestic LPG distributors' commission for 14.2-kg cylinder and 5-kg cylinder was last fixed at Rs 48.89 and Rs 24.20 respectively in September 2017...

After stir, Google overhauls policy on sex harassment

7 days ago

News / Times Of India/ Business

Workers at Google had called for an end to arbitration, among other reforms, as part of the walkout last week. The protest came after it was revealed that Google had given a senior executive a $90 million exit package even after it found he had been credibly accused of sexual harassment...

India Inc’s Q2 sales soar, but expenses hit profits

7 days ago

News / Times Of India/ Business

Sales growth, at 27%, was higher than estimates for 28 out of the top-50 companies in the National Stock Exchange’s Nifty Index that have announced their results so far in Q2...

NBFC fund crunch begins to hit real estate sector

7 days ago

News / Times Of India/ Business

The problem is so acute that in several cases, sanctioned home loans are not being disbursed and funds committed earlier under construction-linked home loan schemes are not being released by several players...

Mastercard, Visa losing out to local players: Arun Jaitley

8 days ago

News / Times Of India/ Business

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2nd demonetisation anniversary: Cong condemns democracy's 'black day'

8 days ago

News / Times Of India/ Business

On the second anniversary of the central government's demonetisation drive on Thursday, the Congress party criticised the Prime Minister Narendra Modi-led Centre's move by calling it a 'black day' for Indian democracy and economy."The cost and destruction by demonetisation was endured by every citizen of this country other than few crony capitalist friends of Prime Minister Modi ..

Iran oil waivers: How buyers are lining up after US exemptions

9 days ago

News / Times Of India/ Business

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HDFC Bank hikes deposit rates; BoB raises lending rate

10 days ago

News / Times Of India/ Business

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Markets end flat, Sensex below 35,000-mark

10 days ago

News / Times Of India/ Business

Tata Consultancy Services (TCS), Yes Bank, Tata Motors, Reliance Industries and Sun Pharma were among the major gainers on the BSE index, rising as much as 2.22 per cent. On NSE, except for Nifty IT, Media and Realty, all other sub-indices closed in red...

Irony of Iran sanctions and falling oil prices

10 days ago

News / Times Of India/ Business

The fall in prices has been driven by a drop in demand due to a slowdown in the world economy. Investors also fear that trade tensions emanating from the US could reduce global oil demand further..

HDFC Bank, RIL create most wealth in FY13-FY18

10 days ago

News / Times Of India/ Business

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Why RBI is not comfortable with a more active board

10 days ago

News / Times Of India/ Business

Traditionally, the RBI board had a strong presence of eminent industrialists like Ratan Tata, N R Narayana Murthy and Azim Premji. It has also included chiefs of highly indebted groups like K P Singh of DLF and G M Rao of the GMR Group...

Jack Ma labels trade war 'most stupid thing' as tensions boil

11 days ago

News / Times Of India/ Business

China’s richest person -- who warned just last month that a trade war could last two decades -- argued it was pointless to target goods because the Asian nation was on its way to becoming a major buyer of foreign products...

High prices take sheen off gold sales on Dhanteras

11 days ago

News / Times Of India/ Business

Most buyers are restricting their purchase to tokens as gold prices are ruling high over Rs 32,000 per 10 grams due to weak rupee. Gold prices are ruling at Rs 32,690 per 10 grams today in Delhi on Dhanteras. Ideally, gold rates should have been around Rs 30,000 per 10 grams. There are more than 4 lakh jewellers and 22,000 have hallmarking licence...

'Services activity in Oct sees quickest growth since July'

11 days ago

News / Times Of India/ Business

The seasonally adjusted Nikkei India Services Business Activity Index rose to 52.2 in October, from 50.9 in September. The services PMI was in the expansion territory for the fifth straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction...

PoS, e-commerce form 31% of total debit card usage now

11 days ago

News / Times Of India/ Business

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Startups take desi foods like vada pav abroad

11 days ago

News / Times Of India/ Business

Inspired by Mumbai-style street food, Vada Pow, led by Indian entrepreneur Naveen Bachani, has started selling Maharashtra’s native dish vada pav in over 195 retail stores in Ireland. Funded by Enterprise Ireland, one of Europe’s leading venture capital funds, Vada Pow is currently planning to enter Germany, the UK and Sweden...

Incentives will add strength to MSMEs: PM Modi

12 days ago

News / Times Of India/ Business

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Petrol price cut by 21 paise; total reduction reaches Rs 4.05 in 18 days

12 days ago

News / Times Of India/ Business

Petrol price Sunday was cut by 21 paise a litre and diesel by 17 paise, according to a price notification issued by state-owned fuel retailers. In Delhi, petrol now costs Rs 78.78 per litre while diesel is priced at Rs 73.36, it said...

Loans up to Rs 1 crore for MSMEs in 59 minutes: 10-step guide to the new portal

13 days ago

News / Times Of India/ Business

A quick loan disbursal portal for the MSME sector was launched by PM Modi on Friday. The portal has been set up by the Small Industries Development Bank of India (Sidbi). Loan seekers need to register on the portal, provide required GST, bank and verification details following which an approval letter will be generated. Approval of loan doesn't mean actual disbursal...

IndiGo flight returns to Lucknow soon after take off

13 days ago

News / Times Of India/ Business

An IndiGo spokesperson said: “During climb, our pilot received an automated engine related caution on 6E-866 flight which warranted return of the aircraft. Following standard operating procedures, our pilot returned to Lucknow for further inspection. To avoid inconvenience to passengers, we operated an alternate flight.”..

Consulting, audit cos biggest users of H-1Bs

13 days ago

News / Times Of India/ Business

Consulting, audit and tax advisory firms have topped the list of those applying for H-1B visas in the last five years. Ernst & Young filed the most in fiscal 2018, at 151,164. This was followed by Deloitte and Cognizant, which filed 69,869 and 47,732 respectively. Collectively, Indian IT service companies have been big applicants for this US work visa...

Radio Mirchi profit after tax up 50% in Q2

13 days ago

News / Times Of India/ Business

The company posted a total revenue of Rs 122.5 crore during the quarter, as compared to Rs 125.3 crore in Q2FY18. Reported earnings before interest, tax, depreciation and amortisation (ebitda) during the quarter is Rs 27.3 crore, down 3.9%, but underlying ebitda is higher...

Sebi bans Satyam’s Raju, others for 14 yrs from mkt

13 days ago

News / Times Of India/ Business

The markets regulator also directed them to disgorge Rs 813 crore of illegal gains. Of this amount, SRSR Holdings will pay Rs 675 crore, while Suryanarayana Raju will pay nearly Rs 82 crore, Rama Raju almost Rs 30 crore and Ramalinga Raju will pay just under 27 crore, according to the order, which shall come into effect as directed by SC...

Govt vs RBI: Top Jaitley man mocks RBI dy guv

14 days ago

News / Times Of India/ Business

Economic affairs secretary Subhas Chandra Garg in a tweet criticised RBI dy governor Viral Acharya’s comment on govt-central bank relation. Acharya had said, "Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets"..

Axis Bank Q2 profit jumps nearly 83%

14 days ago

News / Times Of India/ Business

India's third-biggest private sector lender by assets, Axis Bank Ltd's net profit came in at Rs 790 crore ($108.95 million) for the three months ended September 30, compared with Rs 432 crore a year ago. Analysts had expected a net profit of Rs 741 crore, according to Refinitiv data. Provisions fell 6.8 per cent to Rs 2,927 crore...

US lets India, 7 other nations to buy Iranian oil

14 days ago

News / Times Of India/ Business

While the Trump administration’s goal remains to choke off revenue to Iran’s economy, waivers are being granted in exchange for continued import cuts so as not to drive up oil prices, said the official, who asked not to be identified before secretary of state Michael Pompeo announces the number of exemptions later on Friday...

Why blockchain could be as revolutionary as smartphones

16 hours ago

News / Times Of India/ Business

Welcome to the world of blockchain, the latest technological revolution to those in the-know — and what seems like the latest get-rich-quick gibberish to the layperson...

Myntra may see cut in workforce after CEO exit

20 hours ago

News / Times Of India/ Business

Two Myntra executives separately told TOI about talks of a potential cut in workforce doing the rounds within the company for a couple of months. Sources added this number could be 100, going up to as high as 400-500...

National capital jumps closer to business capital in I-T collections

23 hours ago

News / Times Of India/ Business

Collections in Mumbai rose only by 5%. Slower growth in Mumbai is attributed to hefty refunds. The massive growth in Delhi has helped the region increase its share in total collections to 16.5%, a jump of over five percentage points compared to a year ago...

Fitch keeps India rating unchanged for 12th year in a row

yesterday

News / Times Of India/ Business

The government has been making a strong pitch to Fitch Ratings for an upgrade after rival Moody's Investors Service in November 2017 gave the country its first sovereign rating upgrade since 2004...

Markets end higher, Sensex up over 100 points

yesterday

News / Times Of India/ Business

On the BSE index, Adani Ports, Kotak Mahindra Bank, Hero MotorCorp and Axis Bank were among the top performers with their stocks surging as much as 4.25 per cent. On NSE, except for Nifty FMCG, all other sub-indices ended in green with Nifty Realty leading the pack by gaining as much as 1.70 per cent..

US lawmaker says FB can't be trusted to regulate itself

yesterday

News / Times Of India/ Business

Cicilline, citing a report in the New York Times on Facebook’s efforts to deal with a series of crises, said on Twitter: “This staggering report makes clear that @Facebook executives will always put their massive profits ahead of the interests of their customers.”..

Jet Airways stares at financial defaults within 10 days

yesterday

News / Times Of India/ Business

Jet, with a fleet of 124 aircraft, has a domestic market share of 16% and around 14% on international routes. Air Asia India and the 22-fleet Vistara have market shares of about 4% each in the country; neither operates internationally...

Nervousness grips startup founders post Binny’s exit

yesterday

News / Times Of India/ Business

Among male founders, there’s a sense of insecurity. But female founders TOI spoke with said the conversations happening now will lead to a healthy change over the long term. Most of the founders who spoke did not wish to be named. Other founders said they are being cautious about workplace behaviour with women but are worried about a “casual joke” coming back to haunt them later...

Resolution failures: Lenders may act against UK’s Liberty

yesterday

News / Times Of India/ Business

Liberty House has been an active bidder in the insolvency process. The resolution plan submitted by the UK-based company, headed by Sanjeev Gupta, had been approved for several companies — Amtek Auto, Castex Technologies, Adhunik Metaliks and Zion Steel...

Binny and woman had consensual affair: Probe

2 days ago

News / Times Of India/ Business

The accusation of sexual assault came in late July, according to a person with knowledge of the matter, who requested anonymity because the details aren’t public. The person said the accuser was a former Flipkart employee, while a second person who knew of the situation said the woman never worked there...

Ashok Chawla resigns as Yes Bank chairman

2 days ago

News / Times Of India/ Business

"Yes Bank announces that Shri Ashok Chawla, Non-Executive Independent Part-Time Chairman, has tendered his resignation from the Bank's Board, with immediate effect, mentioning that during the current transition period, the Bank would need a Chairman who could devote more time and attention," the bank said in a regulatory filing...

RBI, Centre trying to reach common ground on some key issues

2 days ago

News / Times Of India/ Business

If not in this board meeting, sources said, the issue of relaxation of PCA framework which the finance ministry has been pitching for would be reached in the next few weeks...

APEC summit: The Xi Jinping show by the sea shore

2 days ago

News / Times Of India/ Business

US President Donald Trump's decision to skip the summit in Papua New Guinea has allowed the Chinese leader to take centre stage, an opportunity that Beijing is seizing with relish...

WPI inflation hits 4-month high in October

2 days ago

News / Times Of India/ Business

Food articles witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent September, government data released Wednesday showed...

Binny’s quitting seems to be a case of his hand being forced

2 days ago

News / Times Of India/ Business

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Most life insurance plaints pertain to mis-selling

2 days ago

News / Times Of India/ Business

According to the annual report of the Executive Council of Insurers (ECOI), which facilitates the institution of Insurance Ombudsman in India, mis-selling is done by forging the proposer’s signature on forms or by selling long-term plans even though the proposer does not have the capacity to maintain the policy beyond the initial payment...

Zee promoters ready to sell half of their 42% stake

3 days ago

News / Times Of India/ Business

Among the names that are already doing the rounds as potential buyers are Mukesh Ambani's Reliance Industries, which is on the hunt for content to feed Jio, US cable giant Comcast, Alibaba, Apple and Google...

Flipkart group CEO Binny Bansal resigns due to allegations of personal misconduct

3 days ago

News / Times Of India/ Business

Binny Bansal has been contemplating a transition for some time and we have been working together on a succession plan, which has now been accelerated...

Sensex ends 331 points up to reclaim 35,000-mark

3 days ago

News / Times Of India/ Business

On the BSE index, NTPC, ICICI Bank, Axis Bank, Reliance Industries and HDFC were among the top performers, up as much as 2.78 per cent. On NSE, sub-indices Nifty Pvt Bank and Finacial Service outperformed, rising as much as 1.16 per cent...

Retail inflation rate drops, giving RBI breathing space

3 days ago

News / Times Of India/ Business

The rate, which includes food and energy prices, dropped in October to 3.31 per cent on a year-on-year basis, the slowest pace in 13 months and remains below the Reserve Bank of India's (RBI) medium-term target of 4 per cent for a third straight month. The September inflation rate was a revised 3.70 per cent...

'Tata Sons begins due diligence to buy Jet Airways'

3 days ago

News / Times Of India/ Business

Saurabh Agarwal, a chief financial officer of Tata Sons, is leading the discussions while Jet Airways is represented by its chairman Naresh Goyal, the newspaper said, citing the sources who it said asked not to be identified as the talks are private...

Oil gains after Saudi paves the way for an output cut

4 days ago

News / Times Of India/ Business

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Retail inflation cools to 3.31% in October; September factory output at 4.5%

4 days ago

News / Times Of India/ Business

October marked the third straight month in which the retail inflation has been below the Reserve Bank of India's medium-term target of 4 per cent, supporting the central bank's surprise decision to hold interest rates at its meeting last month...

Flying licence of Air India ops director suspended

4 days ago

News / Times Of India/ Business

In the case of Arvind Kathpalia being detected 'BA positive' on November 11, the privileges of his licence have been suspended for a period of three years as per the provisions of applicable regulations, officials said. On Sunday, Air India grounded Kathpalia after he failed to clear pre-flight alcohol test...

NBFCs push credit demand by 14.4% to a 5-year high

4 days ago

News / Times Of India/ Business

This growth is at a five-year high, after the 16.6% achieved by the system in October 2013. The information comes amid reports of an increase in demand from the troubled non-bank finance companies (NBFCs) from banks...

Prickly issues: Some RBI directors ready for talks with Centre

5 days ago

News / Times Of India/ Business

Some directors on the RBI's central board, who were earlier not on the same page as the government, are now open to discussions on many "contentious" issues. The government is keen that immediate concerns such as more credit flow for micro, small and medium enterprises, liquidity for non-banking finance companies be addressed in the RBI board meeting on November 19...

National permit vehicles can now ply without 2 drivers

6 days ago

News / Times Of India/ Business

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India's economic growth held back due to demonetisation, GST: Rajan

6 days ago

News / Times Of India/ Business

Addressing an audience at University of California, Raghuram Rajan said for four years -- 2012 to 2016 -- India was growing at a faster pace before it was hit by two major headwinds. A growth rate of 7% per year for 25 years is "very very strong" growth, but in some sense this has become the new Hindu rate of growth, which earlier used to be 3.5 %, he said...

Now, newsreaders who can work for 24 hours, courtesy AI

6 days ago

News / Times Of India/ Business

Xinhua’s “artificial intelligence news anchor” is a lifelike digitised reporter which can read out text by mimicking the image and voice of a real human presenter. The agency claims the virtual presenter — a realistic looking man, sharply dressed in a suit — “can read texts as naturally as a professional news anchor”...