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PW engine snag: IndiGo's flight to Jaipur returns to Lucknow

11 hours ago

News / Times Of India/ Business

In yet another case of Pratt and Whitney (PW) engine trouble on Airbus A320 Neo, an IndiGo Lucknow-Jaipur flight on Monday had to return to Lucknow after one of the two engines developed a snag. The aircraft is currently at Lucknow and being inspected by the technical team...

Investments where returns don’t matter

13 hours ago

News / Times Of India/ Business

A savings account in a bank or liquid funds are the best places to park an emergency fund. The yield is low, but the aim is not to generate an income or get a good rate of return. “A liquid fund or low duration fund is better than a savings account,” says Sanjiv Singhal, founder and COO, Scripbox...

Indian economy poised to pick up in 2019, says IMF

13 hours ago

News / Times Of India/ Business

The International Monetary Fund in its January World Economy Outlook update on Monday said India would remain the fastest growing major economies of the world. "India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease," the IMF said...

IMF cuts global growth outlook, cites trade war

13 hours ago

News / Times Of India/ Business

In its second downgrade in three months, the global lender also cited a bigger-than-expected slowdown in China's economy and a possible "No Deal" Brexit as risks to its outlook, saying these could worsen market turbulence in financial markets...

Best ways to save tax: Things to know

13 hours ago

News / Times Of India/ Business

It is important to note that not all ELSS funds carry the same risks. Some allocate more to small- and mid-cap stocks, while others stick with stable large-cap stocks. Choose the one that best suits your risk appetite...

India up one place on global talent competitiveness ranking at 80th

11 hours ago

News / Times Of India/ Business

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Govt said to mull Rs 70k cr spending to pay cash to farmers

17 hours ago

News / Times Of India/ Business

Prime Minister Narendra Modi’s government is planning to combine all farm subsidies, including fertilizer costs, and instead pay farmers cash, the people said, asking not to be identified as the discussions aren’t public. The additional cost will be limited to Rs 70,000 crore annually after a full roll-out of the program, the people said...

LIC completes acquisition of 51% stake in IDBI Bank

19 hours ago

News / Times Of India/ Business

"The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders, customers & employees of both entities through mutual synergies," IDBI Bank said in a BSE filing. The bank had reported a net loss of Rs 3,602.49 crore during the September quarter of 2018-19...

Removing volatile parts of business: Wipro CEO

yesterday

News / Times Of India/ Business

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Soon, no e-way bill if GST returns not filed for 6 months

yesterday

News / Times Of India/ Business

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Wipro net profit jumps 32% in Q3; announces dividend, bonus issue

3 days ago

News / Times Of India/ Business

Net profit of the IT major stood at Rs 2,545 crore in the three months to December 31, from Rs 1,930 crore in the same period a year earlier. The Bengaluru-based company's revenue increased by 10.2 per cent in Q3, while revenue from its IT services grew 13 per cent...

Mukesh Ambani urges PM Modi to take steps against data colonisation

3 days ago

News / Times Of India/ Business

Stressing that, in this new world, data is new wealth, Ambani said, "India's data must be controlled and owned by Indian people and not by corporates, especially global corporations." "Gandhiji led India's movement against political colonisation. Today, we have to collectively launch a new movement against data colonisation," he said...

Sensex, Nifty start on a volatile note

3 days ago

News / Times Of India/ Business

After opening marginally higher, the 30-share index turned negative and was trading 79.53 points, or 0.22 per cent, lower at 36,294.55 in early trade. Similarly, the NSE Nifty slipped 16.25 points, or 0.15 per cent, to 10,888.95...

Banks plan Rs 8.2k cr Jet debt restructuring

4 days ago

News / Times Of India/ Business

State Bank of India (SBI) on Thursday said that lenders are considering a restructuring plan — an acknowledgement that the loan is not viable in the present form...

Philips to close its UK factory in 2020, with loss of 400 jobs

4 days ago

News / Times Of India/ Business

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India a 'lab' to US cos for reinvention: Expert

4 days ago

News / Times Of India/ Business

"India is becoming a laboratory for US companies, not only to explain their presence there but also to reinvent themselves in sustainability and disruptive-technology," Djordjija Petkosk, lecturer and senior fellow at Wharton Legal Studies & Business Ethics, University of Pennsylvania and advisor to World Bank, said...

Lame duck or populist? Here's how interim budget works

4 days ago

News / Times Of India/ Business

Convention demands that the outgoing administration present an interim budget to secure Parliament’s approval for expenses until a new govt is in place. The rules also allow for the spending plan to be passed by Parliament’s lower house without any discussion.Watchers are waiting to see if PM Modi will betray convention and announce tax concessions...

H-1B holders 'frequently' placed in poor working conditions: US think-tank

4 days ago

News / Times Of India/ Business

H-1B workers are "frequently" placed in poor working conditions and "vulnerable to abuse", a US think-tank claimed on Thursday, seeking reforms such as substantial increase in wages...

India to buy $5 billion oil, gas from US; spend $18 billion in defence: Envoy

5 days ago

News / Times Of India/ Business

The US export to India has gone up by at least 30 per cent, India's Ambassador to the US Harsh Vardhan Shringla told the American business community, his first major public engagement on Tuesday...

Flipkart's bid to contain impact of new laws

6 days ago

News / Times Of India/ Business

The company is said to be taking a number of steps to deal with the fallout. Sources said it is in talks with a bunch of entrepreneurs/startups who can set up retail entities to sell on Flipkart. It is also said to be talking to its existing base of smaller sellers to increase their exposure to the etailer's platform...

Facebook to invest $300 million in journalism

6 days ago

News / Times Of India/ Business

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Government going ahead with merger of nationalised banks despite opposition from industry: CPM

6 days ago

News / Times Of India/ Business

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Finance secretary Ajay Narayan Jha gets one-month extension

7 days ago

News / Times Of India/ Business

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Sachin Bansal invests Rs 150 crore in Ola

7 days ago

News / Times Of India/ Business

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Strong case to revisit 'restrictive' FDI retail policy: Report

7 days ago

News / Times Of India/ Business

The multi-brand retail sector remains "most restrictive" to FDI, with a cap of 51 per cent ownership and guidelines relating to mandatory investments in back-end infrastructure and local sourcing norms, it said...

RBI net seller of dollars in November, unwinding $644 million

8 days ago

News / Times Of India/ Business

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Housing sales up 7% in 2018 in 9 major cities: Report

8 days ago

News / Times Of India/ Business

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Toyota plans to launch its version of Baleno in India next fiscal

8 days ago

News / Times Of India/ Business

Japanese auto major Toyota has been working on incorporating its own unique features to Suzuki's premium hatchback Baleno and create a new version for the Indian market by next year end. In March last year, the two Japanese companies had concluded a basic agreement for supplying hybrid and other vehicles to each other in the Indian market...

PM Modi aims to tempt voters with pre-election perks

9 days ago

News / Times Of India/ Business

The measures are likely to be a drain on finances in Asia's third-biggest economy, where Prime Minister Narendra Modi's government is trying to stick to a decade-low fiscal deficit target of 3.3 per cent of the gross domestic product (GDP)...

SpaceX to lay off 10 per cent of workforce

9 days ago

News / Times Of India/ Business

SpaceX plans to lay off 10 per cent of its more than 6,000 employees, a source familiar with the decision said on Friday. Citing an email sent to employees on Friday, the Los Angeles Times said the company was offering those affected a minimum of eight weeks' pay and other benefits, including career coaching and resume assistance...

Donald Trump promises changes to H-1B visas

10 days ago

News / Times Of India/ Business

"H-1B holders in the United States can rest assured that changes are soon coming which will bring both simplicity and certainty to your stay, including a potential path to citizenship. We want to encourage talented and highly skilled people to pursue career options in the US," Trump said in a tweet...

Sensex ends nearly 100 points down, holds 36,000; Nifty below 10,800

10 days ago

News / Times Of India/ Business

On the BSE index, IndusInd Bank, Tata Motors, TCS, Yes Bank, L&T and Tata Steel were among the major losers with their stocks down as much as 3.26 per cent. On NSE, sub-indices Nifty Realty and PSU Bank were among the worst performing, down as much as 1.35 per cent...

Social media giants plan push-back on India's new regulations: Report

10 days ago

News / Times Of India/ Business

Industry executives and civil rights activists say the rules smack of censorship and could be used by the government of Prime Minister Narendra Modi to increase surveillance and crack down on dissent. Social media firms have long battled efforts by governments around the world to hold them responsible for what users post on their platforms...

Virat Kohli still No. 1 celebrity endorser

11 days ago

News / Times Of India/ Business

Bollywood superstar Shah Rukh Khan, whose latest film Zero failed to enthuse the box-office, saw his brand value slip by an alarming 43%. Khan who has been occupied with film productions and health issues, signed only a few endorsement deals over the last year...

TCS posts net profit of Rs 8,105 crore in Q3

11 days ago

News / Times Of India/ Business

The IT major further stated that it has "allotted 191,42,87,591 equity shares as fully paid up bonus shares by capitalisation of profits transferred from retained earnings amounting to Rs 86 crore and capital redemption reserve amounting to Rs 106 crore, pursuant to an ordinary resolution passed after taking the consent of shareholders through postal ballot."..

Chinese hackers dupe Indian arm of Italian co

11 days ago

News / Times Of India/ Business

The scammers sent emails to the India head of Tecnimont, part of the publicly traded Maire Tecnimont, from an account that looked similar to one used by the Italian group's CEO and also organised conference calls to discuss a "confidential" acquisition in China, the ET report said, citing a complaint made with the police...

Income growth set to touch double digits

12 days ago

News / Times Of India/ Business

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Government eyes about Rs 7,000 crore from Air India sale

12 days ago

News / Times Of India/ Business

The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would work towards selling some of its subsidiaries and monetise assets. Air India has a debt burden of Rs 55,000 crore. "We are eyeing $1 billion from the sale of Air India," the official said...

'India poised to become 3rd-largest consumer mkt'

12 days ago

News / Times Of India/ Business

According to World Economic Forum (WEF), with an annual GDP growth rate of 7.5 per cent, India is currently the world's sixth-largest economy. By 2030, domestic private consumption, which accounts for 60 per cent of the country's GDP, is expected to develop into a $6-trillion growth opportunity...

Apple CEO Tim Cook got 22% pay hike in 2018: Filing

12 days ago

News / Times Of India/ Business

The figure comprised a base salary of $3 million, a $12 million bonus and $680,000 in what it called "other compensation" that includes private air travel and security expenses. Apple's compensation committee cited the company's strong sales performance over the year in justifying the bonus. In 2017 he received $12.8 million while in 2016 he made $8.7 million...

WB projects India's FY19 GDP growth at 7.3%

13 days ago

News / Times Of India/ Business

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Nandan Nilekani to head RBI’s panel on e-payments

13 days ago

News / Times Of India/ Business

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Retail fails to fire for cars, SUVs

13 days ago

News / Times Of India/ Business

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WeWork may buy back stake in India business for up to $1 billion

13 days ago

News / Times Of India/ Business

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Sensex jumps 130 points; Nifty reclaims 10,800 level

13 days ago

News / Times Of India/ Business

Both indices were traded in the negative zone through the session as investors booked profits in recent gainers amid weakness in the rupee due to rise in global crude prices...

In surprise move, World Bank prez to quit by Feb

13 days ago

News / Times Of India/ Business

Kim’s unexpected departure three years before his term was set to expire is likely to set off a fierce battle between the Trump administration and other countries who have complained about the influence the US exerts over the World Bank...

Amazon is now the world's most valuable pvt co

13 days ago

News / Times Of India/ Business

Amazon for the first time closed out Monday's session as the world's biggest company by market capitalization, overtaking Microsoft and other fellow tech behemoths. The online sales goliath assumed the top spot after notching a 3.4 per cent gain to finish with a market capitalization of $796.8 billion, about $13.2 billion more than Microsoft...

Essar group has cleared 80% of debt, says Ruia

14 days ago

News / Times Of India/ Business

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ChrysCapital raises $850 million in record 4 months

14 days ago

News / Times Of India/ Business

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Xi keeps China on high alert for 'black swan' events

14 hours ago

News / Times Of India/ Business

A "black swan" event refers to an unforeseen occurrence that typically has extreme consequences, while a "grey rhino" is a highly obvious yet ignored threat. Xi's warning came after the release of data on Monday showed the economy posted the slowest growth in 28 years last year, hurt by faltering domestic demand and bruising US tariffs...

Printing of Budget documents begins with 'Halwa' ceremony

17 hours ago

News / Times Of India/ Business

Finance minister Arun Jaitley, however, missed the customary pre-Budget event as he is currently in the US for a medical check-up. The NDA government on February 1, would unveil the interim Budget for 2019-20 as the general elections are due in the next couple of months. The final Budget for the next fiscal would be presented by the new government...

Sensex jumps over 200 points; Nifty above 10,950

22 hours ago

News / Times Of India/ Business

Reliance Industries, Sun Pharma, Infosys, Bajaj Finance, HDFC Bank and Bharti Airtel were among the top trading stocks on the BSE platform with their stocks rising as much as 2,75 per cent. On NSE, except for Nifty Realty, all other sub-indices were trading in green with Nifty Pharma leading the pack, up 1.13 per cent...

Implementation issues stifle innovation, says Sanyal

yesterday

News / Times Of India/ Business

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SBI to sell 26% stake in payment services arm

2 days ago

News / Times Of India/ Business

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Tesla to cut jobs, says 'road ahead is very difficult'

3 days ago

News / Times Of India/ Business

"Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model 3 at $35k and still be a viable company," the electric carmaker said...

IL&FS’ contract to build Zojila tunnel scrapped

3 days ago

News / Times Of India/ Business

The work on Z-Morh tunnel in Jammu and Kashmir, which was also bagged by the troubled infrastructure major, has been stuck since last July. The state-owned National Highways and Infrastructure Development Corporation (NHIDCL), which is responsible for building highways in hill states and north-east, has served a termination notice to the IL&FS for no progress in this 6-km tunnel project...

India sees fastest app download growth

4 days ago

News / Times Of India/ Business

The latest annual data from App Annie, an independent agency that collates data on apps, shows downloads in India (across Android and iOS) growing by 165% in this period. In China, which accounts for almost 50% of all the downloads in the world, it grew by 70%. Indonesia followed at 55%. In food delivery, India saw a dramatic 900% spike in downloads, way more than any other country...

Interim Budget may go beyond vote-on-account

4 days ago

News / Times Of India/ Business

Finance minister Arun Jaitley on Thursday gave a strong indication that the February 1 interim Budget may not necessarily be a vote-on-account, emphasising that the government could deviate from an election-year convention to meet challenges confronting the economy, like the one facing the farm sector...

Reliance Industries net profit jumps nearly 9% in Q3

4 days ago

News / Times Of India/ Business

Net profit of the Mukesh Ambani-led company stood at Rs 10,251 crore in Q3 against Rs 9,420 crore in the same period a year earlier. Analysts polled by Reuters had expected a profit of Rs 9,648 crore in Q3. In the refining and petrochemicals unit, which contribute around three-quarters of overall revenue and profits, revenue rose 47% and 37% respectively...

'E-comm curbs could hit sales by $46bn by 2022'

4 days ago

News / Times Of India/ Business

Under the changes, e-commerce firms in India will from February 1 not be able to sell products via companies in which they have an equity interest or push sellers to sell exclusively on their platforms...

Ready to infuse up to Rs 700 crore in Jet Airways, but with conditions: Naresh Goyal

4 days ago

News / Times Of India/ Business

Jet Airways chairman Naresh Goyal's offer comes against the backdrop of strategic partner Etihad reportedly putting forward strict conditions, including that Goyal should give up control, for infusing funds into the crisis-hit carrier. Goyal said he is committed to an "infusion of funds into the company to the extent of Rs 700 crore" and pledging all his shares...

Stringent terms by Etihad may put Jet Airways lifeline at risk

5 days ago

News / Times Of India/ Business

Cash-Strapped Airline's Shares See 8% Drop..

Sensex jumps 100 points; Nifty reclaims 10,900-mark

5 days ago

News / Times Of India/ Business

In morning session on Wednesday, the biggest gainers in the Sensex pack were IndusInd Bank, NTPC, SBI, Reliance Industries, ICICI Bank, Vedanta, Axis Bank, Tata Steel, PowerGrid, ONGC and Infosys, rising up to 1.35 per cent. While, ITC, TCS, Hero MotoCorp, HCL Tech, HUL and Sun Pharma were among the top losers, shedding up to 0.66 per cent...

Speed up 59-min loan sanction, govt tells PSBs

6 days ago

News / Times Of India/ Business

Since its formal launch by PM Narendra Modi a little over two months ago, around 60% of the preliminary approvals done online have been converted into formal sanctions, with the total loan amount adding up to over Rs 24,000 crore, said sources...

GoM to look into feasibility of GST rationalisation for real estate

6 days ago

News / Times Of India/ Business

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Arun Jaitley travels to US for medical check up

6 days ago

News / Times Of India/ Business

He was scheduled to attend 10th India-UK Economic and Financial Dialogue in London in April last year, but had cancelled his visit due to his kidney ailment. Sources said, he left for the US on Sunday night for a medical check up. Jaitley is to present his sixth and the BJP-led NDA government's last budget on February 1...

OYO aims at 1 million rooms to become world's 'largest' hotel chain

7 days ago

News / Times Of India/ Business

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Ananth Narayanan steps down as Myntra-Jabong CEO

7 days ago

News / Times Of India/ Business

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Infosys shares gain nearly 4% on share buyback

7 days ago

News / Times Of India/ Business

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3.3% fiscal deficit target for 2018-19 likely to be breached: Experts

8 days ago

News / Times Of India/ Business

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SpaceX to lay off 10 percent of workforce

8 days ago

News / Times Of India/ Business

“To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company. Either of these developments, even when attempted separately, have bankrupted other organizations”, a spokesman said in an email...

US official rules out further waivers on Iran oil imports

9 days ago

News / Times Of India/ Business

The US will grant no more waivers for Iranian oil after the reimposition of sanctions, the US special representative for Iran said on Saturday, underlining Washington's push to choke off Tehran's sources of income. "Iran is increasingly feeling the economic isolation that our sanctions are imposing...,” Brian Hook said in Abu Dhabi...

Yes Bank appoints Brahm Dutt as non-executive part-time chairman

9 days ago

News / Times Of India/ Business

Dutt has been on the board of the bank since July 2013 as an independent director, and has contributed to almost all the sub-committees of the board over the past 5.5 years, it added...

NSE chief Ashok Chawla quits, to face prosecution in Maxis case

10 days ago

News / Times Of India/ Business

Ashok Chawla was appointed NSE chairman as part of the clean-up process after the bourse was hit by a case of preferential treatment to some select brokers for high-frequency trading (HFT). He resigned on Friday after CBI got government consent to prosecute him on alleged corruption charges relating to the Aircel-Maxis case...

Industrial output falls to 0.5% in November, slowest since June 2017

10 days ago

News / Times Of India/ Business

Industrial output in November grew 0.5 per cent from a year earlier, the slowest since June 2017, government data showed on Friday. A Reuters poll of economists had forecast a growth of 4.1 per cent for November. November's growth was much slower than an upwardly revised 8.4 per cent year-on-year increase in October, the data showed...

Petrol price hiked by 19 paise, diesel by 28 paise

10 days ago

News / Times Of India/ Business

Petrol in Delhi now costs Rs 69.07 per litre - the highest this month - up from Rs 68.88 per litre on Thursday, according to price notification issued by state-owned oil firms. A litre of diesel in Delhi is now priced at Rs 62.81 as compared to Rs 62.53 on Thursday. In Mumbai, petrol now costs Rs 74.72 a litre and diesel is priced at Rs 65.73...

Indian workers face 10-year wait for US green card

10 days ago

News / Times Of India/ Business

A recent US Congressional Research Service report said that removing country quotas for the green card will see the likes of India and China dominate the race for the coveted document that allows the holder to live and work permanently in US..

Affair with friend’s wife may cost Amazon’s Jeff Bezos $69 billion

11 days ago

News / Times Of India/ Business

“A divorce could reshape the global wealth ranking. If the couple split their fortune equally, it could leave wife MacKenzie with $69 billion, making her world’s richest woman. It could also make Microsoft's Bill Gates the planet’s richest person once again,” reported Bloomberg. Amazon founder Bezos was dating Lauren Sanchez, a 49-year-old ex-news anchor...

Boost for SMEs: Exemption limit for GST hiked to Rs 40 lakh from Rs 20 lakh

11 days ago

News / Times Of India/ Business

In a major relief to the small businesses, Jaitley said that the exemption limit under GST (Goods and Services Tax) for those with a turnover up to Rs 20 lakh has been increased to Rs 40 lakh. For other states with up to Rs 10 lakh turnover, the limit is now increased to Rs 20 lakh, he added...

Your card payments to get safer

12 days ago

News / Times Of India/ Business

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Railway portal to offer free air travel insurance of Rs 50 lakh

12 days ago

News / Times Of India/ Business

IRCTC chairman and managing director M P Mall said the free insurance scheme will be for all air travellers, domestic or international, irrespective of the class of ticket. Currently, about 5,000 to 6,000 air tickets are booked through IRCTC, officials said..

US official says China trade talks 'went just fine'

12 days ago

News / Times Of India/ Business

The US officials arrived in Beijing on Monday for the first sit-down talks since President Donald Trump and Chinese leader Xi Jinping agreed on December 1 to a three-month truce on a tit-for-tat trade spat...

'Indian refiners pay for Iranian oil in rupees'

12 days ago

News / Times Of India/ Business

India, the world's third-biggest oil importer, wants to continue buying oil from Iran as it offers free shipping and an extended credit period, while Iran will use the rupee funds to mostly pay for imports from India. Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil...

Cost-cutting: AI to stock meals on return int'l routes

12 days ago

News / Times Of India/ Business

Unlike the other two full-service Indian carriers — Jet and Vistara — AI as of now does not have any plans to introduce a lower category of economy fares where meals will need to be bought separately. The airline also currently has no plans to restart non-veg meals for economy flyers of its domestic flights...

Retail investors are driving the power shift in capital markets

13 days ago

News / Times Of India/ Business

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Infosys board to consider second share buyback

13 days ago

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Govt clean chit to P&W engines in A320 Neos

13 days ago

News / Times Of India/ Business

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India hopes to start ops at Iran's Chabahar port soon

13 days ago

News / Times Of India/ Business

On Tuesday, Nitin Gadkari, minister of road transport, met with Iran's foreign minister Mohammad Javad Zarif in New Delhi. After the meeting he said the two sides were close to resolving various issues, including over banking payment mechanisms to overcome the US sanctions...

SC backs Monsanto on GM cotton payments

13 days ago

News / Times Of India/ Business

The decision on appeal overturns an earlier ruling by the Delhi High Court that Monsanto - which has been bought by German drug and crop chemical maker Bayer AG - was unable to claim patents on GM cotton seeds...

On this airline, your flight attendant is accepting tips

13 days ago

News / Times Of India/ Business

Frontier Airlines, a pioneer in the tip-your-attendant department, used to split their tips on each flight. As of January 1, however, Frontier’s 2,200 flight attendants no longer pool their gratuities. Now it’s every man and woman for themselves, and perhaps one beneficiary will be the harried airline passenger...

Resolve dispute on RCom past issues: SC to Ambani bros

14 days ago

News / Times Of India/ Business

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At 7.2%, India to stay fastest growing economy

14 days ago

News / Times Of India/ Business

In some welcome news for a government heading into national polls in a few months, the Central Statistics Office on Monday forecast that the economy will grow 7.2% in 2018-19, faster than the previous year’s 6.7% expansion...

Tyres on a roll: Exports witness a 10% rise

18 days ago

News / Times Of India/ Business

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