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Ircon International IPO opens, fully subscribed on Day 2

2 days ago

News / Times Of India/ Business Videos

Ircon International IPO opens, fully subscribed on Day 2..

Ikea's Space10 imagines the future of self-driving cars

3 days ago

News / Times Of India/ Business Videos

Ikea's Space10 imagines the future of self-driving cars..

India may receive $25-30 bn as World Bank backs high middle-income nation transition

an hour ago

News / Times Of India/ Business

The five-year Country Partnership Framework (CPF) for India is aimed at supporting the country's transition to a higher middle-income country. The framework will address some of India's key development priorities -- resource efficient and inclusive growth, job creation and building its human capital...

Walmart warns Trump tariffs may force price hikes

4 hours ago

News / Times Of India/ Business

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Rupee at 2-week high, gains 53 paise in early trade

6 hours ago

News / Times Of India/ Business

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SBI not right candidate to take over more banks, says chairman

22 hours ago

News / Times Of India/ Business

On Monday, 'Alternative Mechanism' (AM) headed by finance minister Arun Jaitley decided to merge three banks with a view to create global size lender, which will be stronger and sustainable...

Suresh Prabhu tells DGCA to prepare safety audit of all airlines, airports

yesterday

News / Times Of India/ Business

Airlines in India face a particularly hostile environment due to excessively high taxes on aviation turbine fuel (ATF). In fact, ATF prices for domestic flights in India are among the highest in the world...

Trade war tremors: Alibaba can no longer create 1 million jobs in US, says Jack Ma

yesterday

News / Times Of India/ Business

Ma met US President Donald Trump two years ago and laid out the Chinese e-commerce giant’s plan to bring one million small US businesses onto its platform to sell to Chinese consumers over the next five years...

Finance minister to meet heads of public sectors banks next week

yesterday

News / Times Of India/ Business

Finance minister Arun Jaitley will meet the heads of public sectors banks (PSBs) next week as part of the annual financial performance review exercise...

Govt appoints 10 public sector bank chiefs

yesterday

News / Times Of India/ Business

The government on Wednesday appointed 10 public sector bank chiefs, including five from State Bank of India, as it sought to fill up key posts, some of which were vacant for over eight months. The list includes SBI deputy managing director Karnam Sekar as the new chief of Dena Bank...

Rupee logs best single-day gain in 18 months

yesterday

News / Times Of India/ Business

Snapping its two-day decline, the rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally...

Amazon, Samara buy Aditya Birla group's 'More' retail chain

yesterday

News / Times Of India/ Business

Amazon did not immediately respond to a request for comment, while Gautam Gode, the managing director of Samara Capital, said the firm does not comment on its investments...

Global tech firms gear up to fight India's planned data law

yesterday

News / Times Of India/ Business

Facebook, Mastercard and PayPal fear the new law, which follows similar measures in China and Vietnam, would increase their compliance and infrastructure costs, and affect planned investments...

India's Gen Z voters' simple message for Modi, Rahul: 'More jobs, please'

2 days ago

News / Times Of India/ Business

The main message of India's Gen Z, which can be a key swing constituency next year, is simple: more jobs, please. As many as 13 crore first-time voters will be eligible to vote in 2019 Lok Sabha polls. Voters who believe job creation is Modi’s biggest failure have risen to 29 per cent from 22 per cent in Jan 2018, according to a survey...

Indian economy might topple US by 2050, but workforce quality remains concern

2 days ago

News / Times Of India/ Business

Global power, economic and strategic, is shifting eastwards. The region is home to three of the world’s four largest economies and by 2025 two-thirds of the global population will live here. A look at where India stands and why…..

Third back-to-back repo rate hike on the cards?

2 days ago

News / Times Of India/ Business

Investors have increased bets that the RBI will need to raise interest rates further as heavy central bank intervention has not meaningfully slowed the weakening trend of rupee. Rupee has been punished for the country’s widening trade gap and swept into the broader emerging market turmoil...

US- S Korea trade deal may be signed at UN: Trump

2 days ago

News / Times Of India/ Business

US President Donald Trump said on Tuesday a US trade deal with South Korea has been fully renegotiated and may be signed at the United Nations, where leaders have gathered for the 73rd session of the General Assembly. In March, the two countries agreed in principle to revise the deal, which Trump had criticised for increasing US trade deficits with South Korea...

China hits back by levying tariffs on $60 billion of US goods

2 days ago

News / Times Of India/ Business

China will impose a 10 per cent tariff on US products it previously designated for a rate of 20 and 25 per cent. The new tariff measures will take effect on September 24, the date when the US says it will begin to levy new tariffs of 10 per cent on $200 billion of Chinese products...

Stock investors lose Rs 2.72 lakh crore in two days of market fall

2 days ago

News / Times Of India/ Business

Investors became poorer by Rs 2.72 lakh crore in two days of market fall which saw Sensex diving by almost 800 points. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday...

'Need to blend subsidy with investment to enhance farm sector growth'

3 days ago

News / Times Of India/ Business

Arun Jaitley also said formalisation of the economy has started showing visible result in terms of higher resource mobilisation, leaving more in the hands of the government for the capital formation in various sector...

China says it will retaliate after Trump imposes fresh tariffs

3 days ago

News / Times Of India/ Business

Beijing's statement came hours after Trump imposed 10 per cent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China hit back on the latest US action...

How does merging bad banks with good ones help

3 days ago

News / Times Of India/ Business

Public sector banks account for nearly 90 per cent of non-performing loans in the banking sector -- Rs 8.9 lakh crore out of the total Rs 10 lakh crore. 11 of the 21 PSBs are operating under an emergency programme, supervised by Reserve Bank of India, which restricts fresh lending...

Trump slaps fresh tariffs on Chinese imports worth $200 billion

3 days ago

News / Times Of India/ Business

Trump, in a statement announcing the new round of tariffs, warned that if China takes retaliatory action against US farmers or industries, "we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."..

Government proposes to merge Bank of Baroda, Vijaya Bank, Dena Bank

3 days ago

News / Times Of India/ Business

DFS secretary also said that the new entity is "positioned for substantial rise in customer base, market reach, operational efficiency and wider bouquet of products and services for customers."..

Petrol just a shade under Rs 90/litre in Mumbai, diesel costlier too

4 days ago

News / Times Of India/ Business

In Delhi, petrol prices hit Rs 82.06 per litre, rising 15 paise while diesel is now priced at Rs 73.78 per litre, up 6 paise. Among metros, the pain of fuel prices is being felt the most in Mumbai as petrol and diesel is now at Rs 89.44 and Rs 78.33 per litre, respectively, in the maximum city...

Loan recast: Govt seeks 80 more days for lenders

4 days ago

News / Times Of India/ Business

The government has asked the Reserve Bank of India (RBI) to provide at least another 80 days to lenders to help them restructure loans to the tune of Rs 1.7 lakh crore as the regulator had itself failed to deliver on its guidelines...

Government has taken necessary policy measures for financial stability: Official

5 days ago

News / Times Of India/ Business

The transaction cost in Indian exchanges, including commodities transaction tax (CTT) and securities transaction tax (STT), is higher than international market places such as Singapore and Hong Kong, said C S Mohapatra, additional secretary, department of economic affairs...

Number of US residents coming to India fell in 2017

6 days ago

News / Times Of India/ Business

The NTTO data shows 3.8 crore US residents travelled overseas (not including Canada and Mexico) in 2017, 9% more than the 3.5 crore a year earlier. However, India saw 11.11 lakh of these travellers, down 7% from 11.95 lakh in 2016...

India ranks 3rd on family-owned business list

6 days ago

News / Times Of India/ Business

India ranks third globally in terms of the number of family-owned businesses with 111 companies having a total market capitalisation of $839 billion. India closely follows China with 159 firms and the US with 121 firms. Indian family-owned companies generated a 13.9% annual average share price return since 2006, compared to 6% by their non-family-owned peers..

‘Finance Ministry measures to take time to impact inflows’

6 days ago

News / Times Of India/ Business

Bankers expect that the latest set of measures announced by the finance ministry will help support the rupee on the margins, but will not be a game changer. Also, the immediate impact will be only sentimental as the actual fund inflows will take time to materialise...

Exports rise at fastest pace in 3 months in August; trade deficit narrows to $17.4 billion

6 days ago

News / Times Of India/ Business

Trade deficit during the month narrowed to $17.4 billion as against $12.72 billion in the same month last year, according to the data released by the commerce ministry Friday...

WPI inflation cools to 4-month low in August on cheaper food prices

6 days ago

News / Times Of India/ Business

According to government data released Friday, food articles registered deflation at 4.04 per cent in August 2018. Last month, deflation in this category was 2.16 per cent...

Markets surge as Sensex regains 38,000-mark on positive sentiments

7 days ago

News / Times Of India/ Business

Investor confidence got boosted as Prime Minister Narendra Modi is set to hold a meeting with finance ministry officials on Friday to discuss the fall in the rupee and other economic issues. Sensex gained 372.68 points to close at 38.090.54 while the Nifty finished trading at 11,515.20, up 145.30 points...

Musk's SpaceX announces new plan, signs up first passenger for round-the-moon trip

7 days ago

News / Times Of India/ Business

Elon Musk’s rocket company SpaceX signed up its first passenger for a flight around the moon. SpaceX also announced a new plan to launch a tourist around the Moon using its Big Falcon Rocket (BFR), a massive launch vehicle that is being designed to carry people into deep space...

TDS, TCS provisions under GST to come into effect from October 1

7 days ago

News / Times Of India/ Business

Both the provisions had been kept in abeyance for over a year as the government wanted the new tax regime to settle down. The move comes after the Centre and states implemented the e-way bills, which have helped track consignments better...

Markets open buoyant as Sensex gains 200 points early on

7 days ago

News / Times Of India/ Business

The 30-share BSE Sensex gained 221 points to open at 37,939.29. The index was maintaining the early lead and was up more than half a per cent in morning trade. The broader 50-share NSE Nifty too made handsome gains early on and was testing the 11,450-mark...

Transport ministry removes roadblocks to import of foreign vehicles

7 days ago

News / Times Of India/ Business

The new norms notified by the road transport ministry though have some riders. Each company can import only up to 2,500 units annually of a car or a two-wheeler complying with internationally accepted standards. Companies are also allowed to import up to 500 other vehicles each...

No government nod required for public companies for managerial compensation: MCA

7 days ago

News / Times Of India/ Business

Easing the norms, the corporate affairs ministry has amended provisions under Companies Act, 2013 in this regard. This will be applicable for public companies and not private companies...

Investor wealth zooms Rs 12 lakh crore so far in FY19

8 days ago

News / Times Of India/ Business

Since March 28 this year (stock markets were closed on March 29 and 30th for a local holiday), the 30-share Sensex has gained 4,749.28 points, or 14.40 per cent, to 37,717.96 as on September 12...

Leaked video shows Google executives troubled by Trump election

8 days ago

News / Times Of India/ Business

News website Breitbart has posted a leaked video showing Google execs sharing with staff how troubled they were by election of US President Donald Trump. The leak of the town hall-style gathering came as the president and his allies accuse Google of bias against politically conservative viewpoints..

Exports rise 19% in Aug on rising global crude

8 days ago

News / Times Of India/ Business

The country’s exports grew 19.2 per cent in August as a rise in global crude prices helped increase the value of shipments of petroleum products. “Export trade during August 2018 was recorded at $27.8 billion, a positive growth of 19.2 per cent. Exports excluding petroleum also reported a positive growth of 17.4 per cent,” commerce and industry minister Suresh Prabhu tweeted...

Vijay Mallya's extradition decision set for December 10: UK court

8 days ago

News / Times Of India/ Business

While India wants to extradite Vijay Mallya from Britain to face criminal action relating to Kingfisher Airline's $1.4 billion loans that Indian authorities want to recover, Mallya's lawyer Clare Montgomery told Westminster Magistrates Court that India failed to provide enough evidence against him necessary to warrant his extradition...

Markets shrug off bearish trend, Sensex gains 300 points as rupee strengthens

9 days ago

News / Times Of India/ Business

Sensex gained 304.83 points to close at 37,717.96 while Nifty closed at 11,369.90, up 82.40 points. Investor sentiments boosted in mid-day trade after opening on a cautious note, as the rupee firmed up significantly to 72.25 against the US dollar..

LGBT nightclubs to 'gaycations': Section 377 ruling to free India's 'pink economy'

9 days ago

News / Times Of India/ Business

The LGBT community can expect to see businesses lining up to offer a range of tailored products, in fashion, health and other industries, providing a massive boost to Asia's third-largest economy. World Bank said in a 2014 report that homophobic attitudes and a reluctance to hire LGBT people hampered India's economic growth by up to 1.7 per cent annually...

Markets open flat above key marks

9 days ago

News / Times Of India/ Business

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Choksi diverted over Rs 3,250 crore to foreign shores: ED

9 days ago

News / Times Of India/ Business

The agency, which is probing the $2 billion (about Rs 13,000 crore) alleged bank fraud that also involved his nephew Nirav Modi, said Choksi was "using several dummy companies" to rotate funds and to divert money for his personal use...

Investors become poorer by over Rs 4 lakh crore in two days of market crash

9 days ago

News / Times Of India/ Business

The BSE benchmark index crashed 509 points to end at 37,413. It had lost 468 points in the previous trading session also. Led by the steep decline in stocks, the market capitalisation of the BSE-listed companies tumbled by Rs 4,14,121.84 crore to Rs 1,53,25,666 crore in two consecutive days...

Second straight day of bloodbath, Sensex loses nearly 1,000 points in two sessions

10 days ago

News / Times Of India/ Business

Sensex lost 509.04 points to close at 37,413.13. Having shed 464 points on Monday, the gauge has now lost close to 1,000 points in just two sessions. The broader 50-share NSE Nifty closed at 11,287.50, down 150.60 points. Both the indices lost to the tune of 1.30 per cent...

Over optimistic bankers, growth slowdown responsible for bad loans: Raghuram Rajan

10 days ago

News / Times Of India/ Business

In a note to Parliamentary panel, ex-RBI governor Raghuram Rajan stated a number of bad loans originated in the 2006-08 period, when banks encouraged by strong economic growth, went optimistic on lending, but hit a roadblock when this period was followed by a global financial crisis...

A day after bloodbath, markets open cautious

10 days ago

News / Times Of India/ Business

30-share BSE Sensex made some gains in the pre-opening session to start trading slightly above the psychological mark of 38,000 but slipped under it soon enough. At 9.27 am, the index was down 35 points at 37,887. The broader 50-share NSE Nifty too was in the red and testing the 11,450-mark...

Suppliers liable to pay penalty for not passing GST rate cut benefits: NAA

10 days ago

News / Times Of India/ Business

The NAA gave its ruling in a case against Jaipur-based Sharma Trading Company, wherein it was alleged that the supplier had not reduced the price of 'Vaseline' in line with the reduction of GST rate and thus indulged in profiteering in contravention of Scetion 171 of CGST Act...

Government rules out excise duty cut as petrol, diesel prices hit fresh high

10 days ago

News / Times Of India/ Business

While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said...

How your fuel bill may be brought down without cutting taxes

11 days ago

News / Times Of India/ Business

Petrol and diesel prices set new records again on Monday as they hit Rs 80.73 and Rs 72.83 a litre respectively in Delhi. Despite the surge in fuel prices, the government is reluctant to cut excise duty on petro products. However, there are a few policies which the government might undertake in order to lower fuel prices without cutting down on taxes...

Petrol, diesel prices hit new highs as opposition stages Bharat Bandh

11 days ago

News / Times Of India/ Business

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Jack Ma to step down in 2019: Alibaba

11 days ago

News / Times Of India/ Business

Jack Ma is staying on as executive chairman for 12 months to "ensure a smooth transition" before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. "While remaining as executive chairman in the next 12 months, I will work closely with Daniel to ensure a smooth and successful transition," Ma said in the statement...

Finance ministry crafting strategy to boost GST revenues

12 days ago

News / Times Of India/ Business

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Petrol breaches Rs 80-mark in Delhi; relief on the cards this November?

13 days ago

News / Times Of India/ Business

Twice since last year, petrol and diesel prices have remain unchanged ahead of state elections. With at least four states -- Rajasthan, Madhya Pradesh, Chhattisgarh and Mizoram -- set to go to the polls by year-end, a sudden freeze or even a cut in fuel prices might just be on the cards this November..

Global auto CEOs seek policy direction on EVs, hybrids

13 days ago

News / Times Of India/ Business

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Among flyers, Indians were 3rd largest nationality in 2017

13 days ago

News / Times Of India/ Business

In all, IATA said over 400 crore passengers flew on schedule services (domestic and international combined) last year. American nationals were the biggest chunk of this at 63.2 crore (18.6% of all passengers), followed by Chinese at 55.5 crore (16.3%) and then Indians at 16.1 crore (4.7%)...

Essential to bring petrol, diesel under GST: Pradhan

13 days ago

News / Times Of India/ Business

The unusual surge in fuel price is due to the political and economic situations at the international level and the Centre has been vigilant about it, he told newsmen here at the sidelines of a function...

Sensex, Nifty recover losses to end strong

14 days ago

News / Times Of India/ Business

The 30-share BSE index gained 147 points to close at 38,389.82. The gauge had lost as much as 150 points in morning trade, but firmed up during mid-day as auto and metal stocks rallied. The broader 50-share Nifty too had slipped below the key 11,500-mark early on, before regaining the mark and closing at 11,589.10..

RBI defended rupee at 72-mark: Forex dealers

14 days ago

News / Times Of India/ Business

The Reserve Bank of India (RBI) intervened heavily in the forex market on Friday, with a strong defence of the 72-mark to the US$ in a reversal of its recent light-handed approach, dealers said. The rupee's decline to 72 from 69 per $ - in just 15 trading sessions since mid-August - stoked speculation RBI wouldn't intervene, at all...

British Airways hacked, details of 380,000 bank cards stolen

14 days ago

News / Times Of India/ Business

Personal and financial details of customers making bookings between August 21 and September 5 had been stolen in a data breach involving 380,000 bank cards. BA advised anyone who believed they may have been affected to contact their bank or credit card provider and follow their recommendations. The hack did not involve travel or passport details...

Sensex crashes 1,100 points in intra-day trade amid volatile cues, recovers later

2 hours ago

News / Times Of India/ Business

The 30-share BSE index plunged 1,127.58 points to hit the day-low of 35,993.64, as investors went on a selling spree amid volatile cues. The broader 50-share NSE Nifty too cracked below the 11,000-mark, hitting the intra-day low of 10,866.45, losing more than 400 points...

Government mulls oil futures to deal with weak rupee, sanctions on Iranian oil

4 hours ago

News / Times Of India/ Business

The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 per cent of its crude demand. Rupee has fallen sharply this year against the US dollar, amid a wider sell-off in emerging markets...

Sensex opens on a high on favourable cues

6 hours ago

News / Times Of India/ Business

30-share BSE index gained more than 150 points to open at 37,278.89. The index extended its gains in early trading to nearly 300 points and was testing the 37,400-mark. The broader 50-share NSE index opened at 11,271.30, gaining close to 40 points...

Economy to reach $5 trillion-mark by 2022: PM Modi

22 hours ago

News / Times Of India/ Business

Speaking at the foundation laying ceremony of India International Convention and Expo Centre, PM Modi cited this week's announcement of merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country's third largest lender to say that the government will not shy away from taking tough decisions in the national interest...

Govt likely to announce curbs on 'non-essential' imports today

yesterday

News / Times Of India/ Business

Sources suggest India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures. The steel ministry has also proposed increasing duties on some steel products...

As petrol prices sky-rocket, Indians look for ways to ease the pain

yesterday

News / Times Of India/ Business

Fuel prices have constantly been on the rise in the last one month or so. As they shell out more on their petrol and diesel bills, consumers are looking at ways to curtail expenses...

Rupee to stay in 70s in 2018 as current account deficit worsens: HSBC

yesterday

News / Times Of India/ Business

HSBC has forecast that the rupee will settle down at around 73 by the end of 2018 and weaken further to 74 by mid-2019. The bank has also red-flagged the rising current account deficit (CAD), which according to the bank is the biggest worry on the macroeconomic front...

RBI allows Rana Kapoor to continue as Yes Bank CEO till January, 2019

yesterday

News / Times Of India/ Business

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'Govt considers dollar window for oil firms, bonds to ease rupee pressure'

yesterday

News / Times Of India/ Business

As an "extreme" measure, the government could also look at raising dollars by tapping expatriates to invest in bonds for non-resident Indians, said the source who has direct knowledge of the deliberations over the currency's fall...

Market rout wipes out Rs 3.62L cr of investors' wealth in 3 days

yesterday

News / Times Of India/ Business

Led by losses in stocks, the market capitalisation of BSE listed companies eroded by Rs 3,62,357.15 crore to Rs 1,52,73,265 crore since Friday. Market analysts said that trade war escalation issues between US and China, increasing crude oil prices and depreciating rupee against the dollar have dampened sentiments...

Risk-averse banks drying up loans for highway projects

yesterday

News / Times Of India/ Business

India’s plan to modernise the highways network requires billions of dollars of investment but the worst bad-loan ratio after Italy among the world’s 20 largest economies has led bankers to shy away from this sector...

Fly cheap but buy meals on board under Jet's new economy fares

2 days ago

News / Times Of India/ Business

Jet’s move comes on the heels of Tata-Singapore Airlines JV full service carrier (FSC) Vistara introducing a similar low category of economy fares, in addition to the regular ones...

Govt plans tightening of financial market rules

2 days ago

News / Times Of India/ Business

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PNB fraud: Why India's biggest law firm is under CBI scanner

2 days ago

News / Times Of India/ Business

In mid-February, Nirav Modi’s aides packed cartons of documents at one of his diamond firm’s offices in Mumbai and sent them to Cyril Amarchand’s office nearby, CBI court filings and witness testimonies showed...

Vistara's 1-day sale, tickets on offer at steep discounts

2 days ago

News / Times Of India/ Business

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Petrol, diesel rates scale new highs on rising crude prices, dip in rupee

2 days ago

News / Times Of India/ Business

While rates were not changed on Monday, a 10 paise per litre hike in petrol price and a 9 paise a litre increase in diesel was effected Tuesday, according to a price notification of state-owned oil marketing companies...

IMF says 'real' depreciation of Indian rupee only 6-7%

2 days ago

News / Times Of India/ Business

According to IMF, the 'effective' depreciation in the rupee has only been 6-7 % this year after adjusting it to inflation, i.e. only half of the actual drop in the value of the currency this year. The IMF, however, warned that the rupee depreciation would jack up the prices of imported goods, potentially putting an upward pressure on inflation...

'India keen to be data analysis hub but won't tolerate data misuse'

3 days ago

News / Times Of India/ Business

The comments assume significance as the CBI has written to Facebook, Cambridge Analytica and Global Science Research in connection with the illegal personal data harvesting of Indians from the social networking platform...

Infosys loses arbitration, ordered to pay former CFO Rs 12.20 crore

3 days ago

News / Times Of India/ Business

Former Infosys CFO Rajiv Bansal dragged the company to arbitration after he was paid Rs 5 crore upon leaving the company, whereas he stood to receive Rs 17.38 crore, the equivalent of 24 months' pay. The arbitration had been going on for more than a year...

India delays imposition of high import duties on US products till November 2

3 days ago

News / Times Of India/ Business

The duty hike move by India was in retaliation to US President Donald Trump's March 9 decision to impose heavy tariffs on imported steel and aluminium items, a move that has sparked fears of a global trade war. Senior officials of India and the US are in discussions to finalise a kind of trade deal...

New banking giant: Govt to merge BoB, Dena & Vijaya

3 days ago

News / Times Of India/ Business

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Government may extend deadline for imposition of higher duties on 29 US products

3 days ago

News / Times Of India/ Business

The duty hike move by India was in retaliation to the March 9 decision of US President Donald Trump to impose heavy tariffs on imported steel and aluminium items, a move that has sparked fears of a global trade war...

Rupee again breaches 72-mark, down 81 paise in early trade

4 days ago

News / Times Of India/ Business

The dollar rose against a basket of major currencies overseas, with investors cautiously awaiting news on the implementation of US tariffs on an additional $200 billion of Chinese imports, forex dealers said. On Friday, the rupee had gained 34 paise to close at a one-week high of 71.84..

Fuelling podium finish: Oil’s doing well for Indian sports

4 days ago

News / Times Of India/ Business

Oil may be pinching fuel consumers hard but it is working well for Indian sports, with a third of the 69 Jakarta Asian Games medal winners on the rolls of state-run oil companies. The companies have for many years sponsoring tournaments and employed a star cast of sportspersons...

Super Typhoon Mangkhut menaces Asia with path that risks $120 billion in damage

6 days ago

News / Times Of India/ Business

The world’s most powerful storm of the year ripped into Cagayan province in the northern Philippines with winds of up to 269 kilometers (167 miles) per hour. By US standards it was a Category 5 storm on the five-step Saffir-Simpson scale, according to the US Navy and Air Force’s Joint Typhoon Warning Center in Hawaii...

NPA recovery: Government doubles target for public sector banks to Rs 1.5 lakh crore

6 days ago

News / Times Of India/ Business

Although the situation seemed to have improved a little during the June quarter when the stock of NPAs declined marginally from Rs 10.25 lakh crore to just a shade above Rs 10 lakh crore, banks are not completely out of the woods yet, given the stiffer asset quality review and the provisioning requirements being imposed by RBI...

Infosys acquires Finnish company for Rs 545 crore

6 days ago

News / Times Of India/ Business

Infosys has acquired Finnish company Fluido, a top consulting partner of Salesforce, for 65 million euros (about Rs 545 crore). This is Infosys’s second acquisition under CEO Salil Parekh...

Govt steps in to shore up rupee, curb current account deficit

6 days ago

News / Times Of India/ Business

In the wake of widening account deficit and to check the fall of rupee, the government has announced a five-point plan, which is likely to have a positive impact to the tune of $8-10 billion. The government said that the current economic woes may not be a short-term occurrence and is due to the rising interest rates in the US, high crude oil prices and the US-China trade war...

'Rice, wheat producing countries should be concerned about India's domestic policy'

6 days ago

News / Times Of India/ Business

Over the last five years, India has exported between $5.3 billion and $8 billion of rice, which is more than any other country in the world. India's global wheat exports ranged between $70 million to $1.9 billion during the same time period...

Ready to take strongest action for not complying with Iranian sanctions: US

6 days ago