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Growth is the highest priority as of now: RBI chief

3 hours ago

News / Times Of India/ Business

After over a dozen public sector banks, including State Bank of India (SBI), have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank of India (RBI) governor Shaktikanta Das on Monday stressed on the need for the entire system switching to this model, saying such a move can speed up the monetary transmission process...

Sensex jumps over 200 points; Nifty nears 11,100

6 hours ago

News / Times Of India/ Business

Domestic equity benchmark BSE sensex rose over 200 points in early trade on Monday tracking gains in index heavyweights RIL, ICICI Bank and Infosys amid positive global cues...

Credit demand subdued, need eco booster: SBI chief

8 hours ago

News / Times Of India/ Business

State Bank of India chairman Rajnish Kumar has said credit demand remains subdued and there is a need for stimulus in the economy. Though lack of credit demand exists in the economy, there is no supply-side constraint as public sector banks are more or less well-capitalised, he said. Kumar also hoped that the monsoon will have a positive impact...

I-T returns to have pre-filled MF gains info?

9 hours ago

News / Times Of India/ Business

The revenue department is in talks with the Securities and Exchange Board of India (Sebi) to work out a mechanism under which the long-term and short-term capital gains on mutual funds and shares can be worked out helping millions of retail investors file returns on their own instead of having to approach chartered accountants to do the calculation...

Auto workers forced to accept their insecure fate

9 hours ago

News / Times Of India/ Business

With production slowing across the auto industry, temporary workers are the first to go. Roughly a million jobs are reportedly at risk. “The companies with greater contractualisation have seen more retrenchment,” says Amit Akash, a labour activist...

‘Voluntary Aadhaar eKYC for bank accounts soon’

13 hours ago

News / Times Of India/ Business

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Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel

yesterday

News / Times Of India/ Business

A second government official said that to develop a direct billing mechanism between airline companies and airport operators - so that these multiple taxes can be removed - the ministry of civil aviation has formed a committee comprising representatives from airlines, airport operators, oil companies, among others. This committee is expected to submit its report soon, the second official added...

Trump says Apple will spend 'vast sums' in US

2 days ago

News / Times Of India/ Business

US President Donald Trump said on Friday that tech giant Apple would be spending "vast sums" of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook. The meeting follows Thursday's announcement from Apple that it has invested roughly $60 billion in the US, and currently employs some 90,000 people in the country...

Automakers cut investments, declare no-work days

2 days ago

News / Times Of India/ Business

Some of the biggest names in the auto industry have announced no-production days, laying off temporary staff and cutting down investment. Maruti Suzuki chairman said “around 3000 temporary workers have lost jobs with Maruti Suzuki.” Others such as Hero Motocorp, Ashok Leyland & TVS group companies have announced no-work days on Friday...

Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki

2 days ago

News / Times Of India/ Business

Over 3,000 temporary employees have lost jobs with the country's largest carmaker Maruti Suzuki India due to the ongoing slump in the automobile industry. Reiterating that automobile sector creates job in the economy, he cautioned, "fewer automobiles (sales) will impact jobs on a larger scale."..

Cathay Pacific CEO resigns amid Beijing pressure

2 days ago

News / Times Of India/ Business

The chief executive of Hong Kong carrier Cathay Pacific Airways, Rupert Hogg, quit on Friday following pressure by Beijing on the carrier over participation by some of its employees in anti-government protests...

Asia’s richest person, Mukesh Ambani grooms heirs to his $50 billion fortune

3 days ago

News / Times Of India/ Business

Among Mumbai’s glitziest society events over the past year were two weddings in the family of Mukesh Ambani, the Indian tycoon who in 2018 became Asia’s richest person...

GE Digital lays off some employees in India

3 days ago

News / Times Of India/ Business

Some employees at GE Digital in Bengaluru were asked to leave after the business was spun off as an independent industrial internet-of-things (IIoT) company. GE Digital, which was created to redefine digital in an industrial world, today employs around 2,500 people in India...

Papad, cosmetics, honey push Khadi Comm sales up 25% to Rs 75,000 crore

3 days ago

News / Times Of India/ Business

Khadi and Village Industries Commission (KVIC) has reported an over 25% jump in sales to a little under Rs 75,000 crore during 2018-19. And, it is the humble papad, honey and cosmetics that have contributed to a major chunk of the state-owned entity's revenues, with the much-hyped khadi products contributing just around 4.3% of the overall sales in last year...

PM Modi reviews state of economy with Sitharaman, finance ministry officials

4 days ago

News / Times Of India/ Business

Prime Minister Narendra Modi on Thursday comprehensively reviewed the state of the economy with finance minister Nirmala Sitharaman as his government scrambled for solutions to tackle a fast-spreading slowdown in various sectors, which is eroding wealth and causing job losses...

Say 'yes to digital payment, no to cash': PM Modi

4 days ago

News / Times Of India/ Business

In a fresh push towards digital payments, Prime Minister Narendra Modi on Thursday told businesses to shun cash and go digital in an attempt to bring transparency and root out black money...

Govt to invest Rs 100 lakh crore in infra: PM Modi

4 days ago

News / Times Of India/ Business

Prime Minister Narendra Modi on Thursday said his government will invest a massive Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian economy to $5 trillion in the next five years...

Rupee is Asia’s worst performer in Aug, hit by global woes

4 days ago

News / Times Of India/ Business

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RBI asks banks not to count failed transactions as 'free ATM transactions'

4 days ago

News / Times Of India/ Business

The Reserve Bank on Wednesday asked banks not to count failed transactions at ATMs due to technical reasons as part of "free ATM transactions" permitted every month. Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer...

Coffee Day’s tech park to be acquired by Blackstone for Rs 3,000 crore

4 days ago

News / Times Of India/ Business Videos

Coffee Day’s tech park to be acquired by Blackstone for Rs 3,000 crore..

Sensex rebounds 353 pts; Nifty ends above 11,000

5 days ago

News / Times Of India/ Business

Equity indices on Wednesday finished in green with the benchmark BSE sensex recovering more than 350 points as Washington delayed tariffs on some Chinese imports. Sensex moved 353 points or 0.96 per cent higher to close at 37,312; while the broader NSE Nifty closed 104 points or 0.95 per cent higher at 11,029...

July WPI inflation falls to multi-year low of 1.08%

5 days ago

News / Times Of India/ Business

Wholesale price-based inflation July fell to a multi-year low of 1.08 per cent mainly on account of cheaper fuel and food items, government data showed on Wednesday...

Implement our orders or face jail: SC to authorities

5 days ago

News / Times Of India/ Business

Officials in Noida and Greater Noida authorities can be sent to jail if they place hurdles in the way of Amrapali homebuyers getting possession of flats, warned the Supreme Court on Tuesday, directing issuance of occupation certificates for completed flats. "Don’t make a mockery of the justice delivery system,” the court said at the outset of the hearing...

Gold prices hit record high, near Rs 39,500

5 days ago

News / Times Of India/ Business

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Vehicle dispatches to dealers see worst drop in 19 yrs

5 days ago

News / Times Of India/ Business

The 18.7% decline in July auto sales is the biggest monthly decline in nearly 19 years, compared with 12.3% in the previous month. Players blame economic slowdown and liquidity crunch for the slump as wholesale dispatches to dealerships dropped the most in nearly two decades, or since the 22% decline in December 2000. Sales continue to drop despite discounts...

Rupee hits 6-month low of 71.40 against dollar

5 days ago

News / Times Of India/ Business

The rupee plunged 62 paise on Tuesday to close at a nearly six-month low of 71.40 against the US dollar in line with battered equities as global market turmoil and Argentine currency crash drove investors to safe havens. At the interbank foreign exchange, the rupee opened at 71.15 and touched a high of 71.02 and low of 71.40 against US dollar during the day...

Amazon may buy 8-10% stake in Future Retail

5 days ago

News / Times Of India/ Business

American e-commerce giant Amazon is in advanced stage of discussions with Future Retail for picking up 8-10% stake in the Indian retail chain, according to sources...

Hong Kong airport suspends check-in operations

6 days ago

News / Times Of India/ Business

Flights leaving Hong Kong were disrupted for a second day on Tuesday, plunging it deeper into turmoil as its stock market fell to a 7-month low, and its leader said it had been pushed into a state of "panic and chaos". Ten weeks of violent protests have roiled Hong Kong as thousands chafe at a perceived erosion of freedoms and autonomy under Chinese rule...

RIL shares see biggest intraday rise in decade; rivals hit by disruption worries

6 days ago

News / Times Of India/ Business

Reliance Industries (RIL) shares saw their biggest intraday rise in a more than a decade on Tuesday, after it set a target to reach zero net debt within 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues...

'Start flat registry of Amrapali buyers or face jail'

6 days ago

News / Times Of India/ Business

The Supreme Court of India on Tuesday directed Noida and Greater Noida authorities to start registration of flats in favour of Amrapali homebuyers and warned that their officers will be sent to jail if there is any delay on their parts in handing over possession...

Poorer states score big in GST mop-up

6 days ago

News / Times Of India/ Business

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India can become a 10 trillion dollar economy by 2030, says Mukesh Ambani

6 days ago

News / Times Of India/ Business Videos

India can become a 10 trillion dollar economy by 2030, says Mukesh Ambani..

JioFibre targets 35 mn customers in first year of ops

6 days ago

News / Times Of India/ Business

Relaince Jio, the telecom arm of Reliance Industries, is targeting 35 million subscribers within the first year of commercially operationalising its fibre-based broadband business from next month, a senior official said...

Anil Agarwal withdraws from Jet revival bid

7 days ago

News / Times Of India/ Business

In a big blow to Jet Airways’ revival hopes, mining and metal baron Anil Agarwal’s family trust Volcan Investments (VI) has withdrawn its expression of interest (EOI) for the grounded airline...

Several announcements for J&K, Ladakh in coming months: Mukesh Ambani

7 days ago

News / Times Of India/ Business

Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), on Monday said that his company would make several announcements for Jammu and Kashmir (J&K) and Ladakh region in the near future...

Aramco to take 20% in RIL's refinery, chem biz at $75bn

7 days ago

News / Times Of India/ Business

Mukesh Ambani on Monday announced that Saudi oil giant Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries' oil refinery and chemical business at an enterprise value of $75 billion (around Rs 5,32,466 crore). As part of the deal, Saudi Aramco will supply 500,000 barrels per day of crude oil to Reliance's refineries at Jamnagar in Gujarat...

India needs behavioural eco units today: Sunstein

7 days ago

News / Times Of India/ Business

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Paypal competitor Visa Checkout to shut down in 2020

8 days ago

News / Times Of India/ Business Videos

Paypal competitor Visa Checkout to shut down in 2020..

DGCA suspends 2 SpiceJet pilots for a year for overshooting Mumbai runway on July 2

9 days ago

News / Times Of India/ Business

Aviation regulator DGCA on Saturday suspended two SpiceJet pilots for a year as their B737 aircraft made a late touchdown at the Mumbai airport overshooting the runway on July 2, sources said...

More PSBs join SBI to reduce lending rates

9 days ago

News / Times Of India/ Business

Nudged by the regulator and the government, more state-run lenders on Friday joined their larger peer SBI to slash lending rates with Bank of India, Syndicate Bank, Andhra Bank, India Overseas Bank and Canara Bank, among others, announcing 10-30-basis-point (100bps = 1 percentage point) reductions in their loan pricing...

Roll back super-rich cess: Market players

9 days ago

News / Times Of India/ Business

Sources, who attended a meeting called by finance minister Nirmala Sitharaman, identified securities transaction tax, finding a lasting solution to the NBFC crisis and issues related to know-your-customer (KYC) norms as concerns that needed to be addressed including a rollback of the super-rich surcharge that extended to overseas investors...

Forex reserves drop by $697 million

9 days ago

News / Times Of India/ Business

The country's foreign exchange reserves declined by $697.2 million to $428.952 billion in the week to August 2, due to fall in foreign currency assets, according to RBI. In the previous reporting week, the reserves had declined by $727.1 million to $429.649 billion. The reserves had touched a life-time high of $430.376 billion in the week to July 19, 2019...

Sensex jumps 255 points; Nifty tops 11,100

10 days ago

News / Times Of India/ Business

Extending gains for the second straight session, the BSE sensex jumped 255 points on Friday on expectations of measures from the Centre to revive economy and address tax concerns. Reports of a meeting between finance minister Nirmala Sitharaman and foreign portfolio investors to put together a package to boost investor sentiment too lifted the market mood...

SpiceJet posts record profit of Rs 262 crore in Q1

10 days ago

News / Times Of India/ Business

Budget airline SpiceJet Ltd on Friday posted its biggest ever quarterly profit, as it flew more passengers and raised fares in the wake of the collapse of Jet Airways...

Only 20% of GST returns for FY18 filed

10 days ago

News / Times Of India/ Business

Nearly a year after the due date, only around a fifth of the goods and services tax (GST) payers have filed their annual returns for 2017-18. This poor response comes despite the deadline being extended on several occasions. The Central Board of Indirect Taxes and Customs has now instructed officers to initiate outreach programmes ahead of August 31 deadline...

'WhatsApp security flaw could let hackers alter msg'

10 days ago

News / Times Of India/ Business

Check Point Software Technologies, an Israeli firm, said a security flaw in WhatsApp allows people to edit someone’s reply, “essentially putting words in their mouth”. A Facebook spokesperson said they had reviewed the issue a year ago and declined suggestions of vulnerability in the security provided by WhatsApp. The messaging app has about 1.5 billion users...

Software co Innovaccer to raise $60 million

10 days ago

News / Times Of India/ Business

Tiger Global Management and Steadview Capital, two of the most active investors in India’s tech market, along with Dragoneer Investment Group, are in advanced talks to invest $50-60 million in Innovaccer, an enterprise software company focusing on putting together healthcare data collected at various points. The deal is expected to close in three to four weeks...

Jet founder moves HC to withdraw plea to travel abroad

10 days ago

News / Times Of India/ Business

Naresh Goyal, the founder of the now-grounded Jet Airways, approached the Delhi high court on Thursday to withdraw his petition seeking permission to travel abroad...

Gold surges to fresh all-time high of Rs 38,470

10 days ago

News / Times Of India/ Business

Gold prices on Thursday crossed the Rs 38,000-mark for the first time by soaring Rs 550 to hit a fresh high of Rs 38,470 per 10 gram here, as investors continued to prefer the precious metal as a safe-haven asset amid the ongoing US-China trade tensions and over domestic economic concerns...

SAIL chairman Anil Kumar Chaudhary attacked in Delhi

11 days ago

News / Times Of India/ Business

Anil Kumar Chaudhary, 58, was on his way back home from work when his car was hit by another vehicle occupied by four people at around 10:30 pm, SAIL said in a statement on Thursday. An executive said the accident was not spontaneous. SAIL didn't immediately respond to further queries on the reason behind the attack. SAIL June quarter results are due on Friday...

Pakistan closes a corridor of its airspace

11 days ago

News / Times Of India/ Business

Pakistan has closed a corridor in its airspace, which will result in an additional up to 12 minutes of flying time for overseas flights, an Air India official said on Wednesday. The flights will have to be diverted to other routes due to the closure. Air India operates around 50 flights daily through Pak airspace heading to the US, Europe and the Middle East...

Maruti Suzuki cuts production by 25% in July, sixth month in a row

11 days ago

News / Times Of India/ Business

Maruti Suzuki India cut its production in July by 25.15 per cent, making it the 6th month in a row that the country's largest car maker reduced its output, according to a regulatory filing. The company produced a total of 1,33,625 units in July, compared with 1,78,533 units in the year-ago month, Maruti Suzuki India said in a BSE filing...

Gold price hits all-time high, nears Rs 38,000-mark

11 days ago

News / Times Of India/ Business

Gold prices on Wednesday surged Rs 1,113 to hit an all-time high of Rs 37,920 per 10 gram in the national capital on sustained buying from jewellers amid strong trend overseas as fresh trade tensions between the US and China prompted investors to move towards gold as safe haven asset. Silver also rose by Rs 650 to Rs 43,670 per kg...

Banks have passed only 29 bps rate cuts: RBI guv

12 days ago

News / Times Of India/ Business

Banks have passed on only a little more than a third of the benefits they have accrued so far from the past three successive rates reductions of 75 basis points (bps) by the Reserve Bank to the borrowers, governor Shaktikanta Das on Wednesday said urging them to do more...

NEFT transactions to be made available 24x7 soon

12 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI) on Wednesday announced that National Electronic Funds Transfer (NEFT) payment system "will be made available on a 24x7 basis from December 2019." Currently, the NEFT system, operated by the RBI as a retail payment system, is available from 8am to 7pm on all working days of the week (except 2nd and 4th Saturdays of the month)...

Expert views on RBI's 35 basis points rate cut

12 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI) cut interest rates by an unconventional 35 basis points on Wednesday, slightly above expectations, and its fourth cut in 2019 to boost an economy growing at its slowest pace in nearly five years...

Tinder ex-executive sues company, former CEO over sex assault

12 days ago

News / Times Of India/ Business

A former executive at the dating site Tinder sued the firm and its former CEO on Monday alleging he sexually assaulted her and the company fired her in retaliation for her complaint...

Apple rolls out virtual credit card for select consumers

12 days ago

News / Times Of India/ Business

Apple Inc rolled out its credit card on Tuesday, working with Goldman Sachs Group Inc on the new iPhone add-on that may help Apple diversify from sales and build out the Wall Street bank's consumer business. The card is designed to work with iPhone, where users sign up for the card and can start using it immediately if approved via Apple Wallet app & Apple Pay system...

US designates China a currency manipulator

13 days ago

News / Times Of India/ Business

The US action came after China let its currency weaken 1.4%, sending it past the key 7-per-dollar level for the first time in more than a decade. Beijing also halted US agricultural purchases, inflaming a trade war that has roiled financial markets, disrupted supply chains and slowed global growth...

Titanic shipyard Harland and Wolff to file for insolvency

13 days ago

News / Times Of India/ Business

Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalisation were rebuffed...

Flipkart to add free movies, videos to its app

13 days ago

News / Times Of India/ Business

Flipkart is set to roll out a free video service for all of its 160 million customers this month as the company looks for new ways to increase its user base in smaller towns and cities, it said on Monday. Flipkart, based in Bengaluru, said it would offer movies, short videos and web series on its app, but added it won’t venture into original content right now...

Centre plans to take measures on eco 'fairly quickly': FM

13 days ago

News / Times Of India/ Business

Finance minister Nirmala Sitharaman said on Monday the government planned steps to improve the state of the economy "fairly quickly" after getting inputs from business leaders. Sitharaman is fighting a slowdown in GDP & rising unemployment, with the jobless rate rising about 2 percentage points in July compared to a year earlier...

Services sector activity returns to growth in July

14 days ago

News / Times Of India/ Business

The country's services sector activity in July returned to growth territory driven by new business orders that rose at fastest pace since October 2016, following which job creation picked up. The IHS Markit India Services Business Activity Index rose to 53.8 in July from 49.6 in June, pointed to the quickest increase in output in one year...

FinMin to review credit, bad loans with banks

14 days ago

News / Times Of India/ Business

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US and China seeking to revive trade talks: Trump advisor

18 hours ago

News / Times Of India/ Business

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Maruti seeks tax relief for hybrid, CNG cars

yesterday

News / Times Of India/ Business

MSI Chairman R C Bhargava said there is a need to promote hybrid and CNG cars as it will take some time for mass acceptance of electric vehicles (EVs) considering the high cost of technology right now...

Mistakes taxpayers must avoid while filing ITR

2 days ago

News / Times Of India/ Business

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India’s tax administration needs a mindset change: Nirmala Sitharaman

2 days ago

News / Times Of India/ Business

Amid allegations of “tax terrorism”, finance minister Nirmala Sitharaman has sought a mindset change in tax officials while advocating a technology-driven approach. Echoing PM Modi’s resolve that honest taxpayers should not be harassed, Sitharaman underscored curtailing the interface of taxpayers with authorities at a meeting with GST wings in Gujarat...

FinMin asks PSBs to seek ideas for $5 tn economy

2 days ago

News / Times Of India/ Business

The finance ministry has asked public sector banks to initiate a month-long consultation process with officers starting from branch level to seek suggestions for achieving a $5-trillion economy in five years. The suggestions emanating will be used as inputs to prepare a road map for the future growth of the banking sector...

Chidambaram to Sitharaman: 'Hope' you've heard PM 'loud and clear'

3 days ago

News / Times Of India/ Business

Senior Congress leader P Chidambaram on Friday welcomed "three" announcements made by Prime Minister Narendra Modi in his Independence Day (I-Day) speech. Highlighting a particular exhortation, the senior opposition leader "hoped" that finance minister Nirmala Sitharaman and her officials at the ministry have heard the Prime Minister "loud and clear"...

Sensex continue to trade in red, Nifty slumps below 11000

3 days ago

News / Times Of India/ Business Videos

Sensex continue to trade in red, Nifty slumps below 11000..

General Electric shares fall on whistleblower calling its finances a 'fraud'

3 days ago

News / Times Of India/ Business

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new chief executive...

Desis’ Q1 foreign trip bill at new high

3 days ago

News / Times Of India/ Business

In June 2019 alone, spending on foreign travel amounted to $596 million — the highest since the RBI started collating data. This year’s June travel spend accounted for 42% of the foreign exchange purchased by Indian individuals. In the first quarter FY20, international travel cost the country $1,594 billion of the total $4,181 billion in forex purchased...

Bird-hit jet makes emergency landing in corn field

4 days ago

News / Times Of India/ Business

A Russian Airbus with more than 230 people on board was forced to make an emergency landing in a corn field outside Moscow on Thursday after hitting a flock of seagulls. The Ural Airlines A321 was carrying 226 passengers and seven crew. The bird strike occurred shortly after take-off, causing engine trouble, and the crew decided to immediately land...

Donald Trump links Hong Kong crisis to trade

4 days ago

News / Times Of India/ Business

Donald Trump has urged China to "humanely" resolve the violent stand-off with pro-democracy protestors in Hong Kong, as concerns grow that Beijing is considering direct intervention in the crisis. "Millions of jobs are being lost in China to other non-Tariffed countries...Of course China wants to make a deal. Let them work humanely with Hong Kong first!" Trump tweeted...

Dow Jones suffers worst day of 2019 over recession fears

4 days ago

News / Times Of India/ Business

The Dow Jones Industrial Average suffered its worst day of 2019 on Wednesday, finishing with a loss of some 800 points, or 3.1 percent, at 24,479.42 as recession fears gripped the world economy following poor Chinese and German data...

IL&FS didn’t disclose NPAs for 4 years: RBI

4 days ago

News / Times Of India/ Business

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Exports rise 2.25% in July; trade deficit narrows

4 days ago

News / Times Of India/ Business

India's exports grew by 2.25 per cent to $26.33 billion in July, government data showed on Wednesday. Imports, however, slipped by 10.43 per cent to $39.76 billion, narrowing trade deficit to $13.43 billion in July...

WPI inflation in July slips to 25-month low of 1.08 pc on cheaper food items, fuel

4 days ago

News / Times Of India/ Business

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Won't let India, China take WTO 'advantage': Trump

5 days ago

News / Times Of India/ Business

US President Donald Trump has said that India and China are no longer "developing nations" and were "taking advantage" of the tag from the World Trade Organisation (WTO) and asserted that he will not let it happen anymore...

Tech suppliers continue to shift away from China

5 days ago

News / Times Of India/ Business

HP Inc-laptop maker Inventec Corp said it will to shift production of notebooks for the US market out of China within months, adding to the tech industry’s exodus as the world’s two largest economies escalate their trade war...

Retail inflation marginally down on cheaper fuel

5 days ago

News / Times Of India/ Business

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Fintechs get RBI nod to test digital solutions

5 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI) has provided fintechs, startups and lenders access to banking systems within a regulatory sandbox. The regulatory sandbox is a concept whereby digital firms can have access to the banking ecosystem and come out with a proof of concept for an innovation...

US to delay China tariffs on laptops, cell phones

5 days ago

News / Times Of India/ Business

The Trump administration on Tuesday delayed imposing a 10% import tariff on laptops, cell phones, video game consoles and a wide range of other products made in China, in an abrupt pull-back from a hardline stance on Chinese trade...

Investors lose Rs 2.21 lakh crore as stocks tumble

5 days ago

News / Times Of India/ Business

Investor wealth dropped by over Rs 2.21 lakh crore on Tuesday after the BSE benchmark tumbled 624 points amid sell-off in global equities and domestic front-line companies. The BSE 30-share key barometer tanked 623.75 points or 1.66 per cent to close at 36,958.16...

Silver touches all-time high mark of Rs 45,000

6 days ago

News / Times Of India/ Business

Silver prices on Tuesday soared Rs 2,000 to touch an all-time high mark of Rs 45,000 per kg, while gold declined by Rs 100 to Rs 38,370 per 10 gram in the national capital, according to the All India Sarafa Association...

How this Saudi firm is most profitable in world

6 days ago

News / Times Of India/ Business

Saudi Aramco showed on Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil. Profit slid 12% to $46.9 billion in the first six months of 2019, the state-owned energy giant said in its first-ever half-year earnings report...

Multiplex players' reply on Jio's 'First Day First Show'

6 days ago

News / Times Of India/ Business

Multiplex players have expressed confidence in the theatrical exhibition business in the country, even as Mukesh Ambani unveiled "a disruptive concept" for watching new movies at home on the release day as part of Reliance's Jio Fiber premium offering...

T-shirt row: More luxury brands face China backlash

6 days ago

News / Times Of India/ Business

Chinese brand ambassadors of fashion labels from Coach to Givenchy have severed ties with the companies over products which they said violated China’s sovereignty by identifying Hong Kong and Taiwan as countries. The brands are the latest to get into hot water over political issues in China, which has been more assertive in its territorial claims and how it expects foreign companies doing businesses in China to describe them...

Why construction jobs are fading

6 days ago

News / Times Of India/ Business

Construction jobs had surged several times over a decade ago — from only 17 million in 1999-2000 to 25.6 million in 2004-05 and 50.3 million in 2011-12. That story has stalled in the years since shows the latest periodic labour force survey. In the last six years, barely four million jobs have been added despite all the public investment in toilets and homes...