Home » Business

Business - Page 1226

Indian ships saw a sharp decline in their share in carriage of countrys overseas trade.

India's April trade deficit widens to USD 13.7 billion

Trade deficit for 2017-18 fiscal year ending in March grew to $156.8 billion from $105.72 billion in the previous year.

16 May 2018 8:28 AM IST

Fitch will no longer provide ratings or analytical coverage for RCom.

NCLT allows Ericsson's insolvency plea against RCom

RCom plans to reduce its debt by selling assets such as airwaves, mobile masts and fibre optic investments.

16 May 2018 8:21 AM IST

The company says that by heating tobacco instead of burning it, the iQOS significantly reduces a users exposure to the levels of carcinogens and other toxic substances found in a regular cigarette.

Smoking habit? Philip Morris device knows about it

A firm says slight modifications to iQOS could support the usage info to be uploaded.

16 May 2018 6:22 AM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex swings to counting trends

Similarly, the Sensex fell 495.61 points or 1.37 per cent from its intra-day high to close the session at 35,543.94.

16 May 2018 1:00 AM IST

Taking merchandise and services together, overall trade deficit for FY18 is estimated at $80.61 billion as compared to $41.79 billion during FY17.

Trade deficit widens to $13.72bn

FIEO president exports data is not encouraging despite 5.17 per cent growth.

16 May 2018 12:55 AM IST

Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against a judgment from Indias competition watchdog.

Google India should pay tax on advertisement revenue sent to parent

The Bangalore bench of ITAT, in a 331-page order, upheld the tax department's contention that such payments are royalty.

15 May 2018 7:34 PM IST

A recent report by the Telecom Regulatory Authority of India (TRAI) has noted that the gross revenue of telecom services providers fell 8.1 per cent while the licence fee collected by the government dropped by 16 per cent year-on-year in the quarter ended December 31, 2017.

TRAI asks telcos for all India tariff data to expand plan-comparison...

The site is expected to bring more transparency and information on multiple tariff offerings.

15 May 2018 7:26 PM IST

Italian super bike maker Ducati plans to launch four models in India this year in a bid to strengthen its product portfolio in the country.

Ducati expands retail footprint, opens dealership in Chennai

The showroom would also retail complete range of apparels and accessories of both Ducati and Scrambler brand.

15 May 2018 6:54 PM IST

Karnataka Bank on Tuesday reported 92 per cent slump in net profit at Rs 11 crore for the March quarter due to multi-fold jump in provisioning for bad assets.

Karnataka Bank Q4 net dives 92 pc as NPA provisioning swells

Provisioning amount for the full year more than doubled at Rs 1,163.01 crore against Rs 527.85 crore in the preceding...

15 May 2018 5:45 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

FPI inflows at USD 2.2 billion in March quarter

They had however sold equities worth USD 1.77 billion in February.

15 May 2018 4:46 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Free banking services out of GST net, says Finance ministry

Every bank offers a different slab of minimum balance to customers, based on which some free services are provided.

15 May 2018 4:38 PM IST

With a breakdown of joint family support in old age rising life expectancy, negligible lifetime savings, pension exclusion and the elderly face the grim prospect of living in poverty after they are too old to work.

Atal Pension Yojana crosses 1 crore subscribers in 3 years

The scheme has generated around 9.10 per cent compounded annual growth rate (CAGR) since inception till March 2018, it...

15 May 2018 4:26 PM IST