Home » Business

Business - Page 1227

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

The Sensex resumed higher at 26,756.66 and firmed up to 26,769.32 on initial buying.

Sensex, Nifty slip as BJP's lead in Karnataka narrows

Nifty reclaimed the key 10,900-mark to touch a high of 10,929.20 in initial trade and fell back by 4.75 points.

15 May 2018 4:26 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Jet Airways offers fares starting Rs 967 for Udan flights

Under the scheme, the fares have been kept at Rs 2,500 for a one-hour journey.

15 May 2018 4:20 PM IST

India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu on Monday said.

Trade facilitation pact at WTO to push global economy, says Prabhu

He was speaking at the inauguration of Global Exhibition on Services, organised by the commerce ministry and industry...

15 May 2018 4:15 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Punjab National Bank posts biggest ever quarterly loss of Rs 13,417 cr

The bank had reported a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17.

15 May 2018 4:02 PM 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 slips 59 points on Cong-JD(S) alliance buzz in Karnataka

Nifty reclaimed the key 10,900-mark to touch a high of 10,929.20 in initial trade and fell back by 25 points.

15 May 2018 3:56 PM IST

The latest amendment in the solar project bidding norms is positive for solar developers but uncertainty remains over the pending decision on safeguard duty, says a report by Icra.

India is the 3rd largest solar market in the world, says Mercom

India emerged as the third largest solar market in the world in 2017 behind China and the US.

15 May 2018 3:54 PM IST

President Ram Nath Kovind has given his assent on Thursday to the ordinance to amend the Insolvency and Bankruptcy Code, 2016. (Photo: PTI)

Services sector can attract huge investment, generate jobs: Kovind

In February, the central government had set up a Rs 5,000 crore dedicated fund to promote 12 'champion' services...

15 May 2018 3:38 PM IST