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The Guangzhou plant will be jointly run by Foxconn and Japan electronics firm Sharp, which Foxconn has a 66 per cent stake in.

Foxconn invests $8 bn in China LCD plant

Foxconn employs around a million workers at its factories across China and has operations in more than 10 countries.

31 Dec 2016 4:40 PM IST

US gold futures rose 0.33 per cent to USD 1,228.00 an ounce, silver rose 0.36 per cent to USD 17.03 an ounce.

Gold, silver log out of 2016 on muted note

Gold plunges Rs 200 to Rs 28,300 per 10 grams on the last trading day of 2016, silver, too, dropped Rs 500 to Rs 39,400...

31 Dec 2016 3:35 PM IST

The rupee had staged a smart rebound against the US dollar to end higher by 12 paise at 67.82 in yesterdays trade.

Rupee ended lower by 10 paise for straight 3-week

The rupee has dropped by 50 paise or 0.74 per cent in three weeks.

31 Dec 2016 2:11 PM IST

For the week, the Sensex lost 448.86 points, or 1.69 per cent, while the broader NSE Nifty dropped 153.70 points, or 1.88 per cent.

Sensex, Nifty snap two-week losing streak

The sensex had dropped 706.48 points or 2.64 per cent in previous two weeks.

31 Dec 2016 1:13 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI releases Rs 3,323 crore to defence pensioners

The bank has largest share of central govt pensioners and serves approximately 50 pc of total defence pensioners.

31 Dec 2016 11:00 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex ends 2016 on a positive note

Union Budget gave a major boost to the market by announcing major measures to revive the rural economy and...

31 Dec 2016 3:55 AM IST

Local manufacturing is expected to help Apple price its phones more competitively in India as it currently attracts 12.5 per cent additional duty on imports.

Bengaluru may get iPhone plant

The phones would be manufactured by Wistron, a Taiwanese OEM maker for Apple, according to top government sources.

31 Dec 2016 3:55 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Note ban may spike bad loans in second half of FY17

The highest level was in education loans followed by auto, consumer durables and mortgages.

31 Dec 2016 3:55 AM IST

Union Finance Minister Arun Jaitley. (Photo: PTI)

Cash situation is back to normal, says Jaitley

Refuses to say when RBI restrictions on cash withdrawals will be lifted.

31 Dec 2016 3:54 AM IST

With 304 investments worth about $1 billion, the Information Technology and IT-enabled services industry was most favoured by VC investors during 2016.

Venture Capital investment declines in 2016

Compared to 2015, the investment IT companies was down 17 per cent.

31 Dec 2016 3:53 AM IST

Well-orchestrated move to destroy my personal reputation: Tata

Ratan Tata who came back from retirement to take over Tata Sons after his successor Mistry was unceremoniously ousted on...

30 Dec 2016 8:12 PM IST

Indian Railways incurs a whopping Rs 33,000 crore towards paying subsidy on passenger fares.

Railways offers discount on ticket booking if payment made digitally

Railways decided 0.5 per cent discount on base fare of season tickets if the payment is made through digital means like...

30 Dec 2016 8:03 PM IST