Tag: business
CBI Searches Mallya's UB Offices In Bengaluru
The Central Bureau of Investigation on Monday searched the offices of Vijay Mallya-owned United Breweries (UB) group here, a CBI official said.....
Note Ban Impact On Gold Buying Will Wane After Budget: World Gold Council
India's demonetisation drive has impacted gold demand in the short term but buying is showing signs of revival and post the presentation of the national budget on February 1, the market will be back to normal, says the India chief of World Gold Council.....
'SBI, Other PSU Banks To Intervene In Aircel-Maxis Case'
The State Bank of India and other public sector banks on Tuesday moved the Supreme Court seeking to intervene in the Aircel-Maxis case as a substantial amount of theirs was involved as loans.....
Chips, Semiconductors Compensate For Samsung Note 7 Losses
Thanks to its components (mainly chips) and semiconductors business, Samsung Electronics has posted an operating profit of 29.2 trillion won ($25 billion) in 2016, despite losses suffered by its mobile division due to the Galaxy Note 7 fiasco.....
1 Taxpayer Owes 11% Of India's Individual Income Tax In 2014-15
An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 per cent of they income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax Department.....
Note Ban Will Hit Property Sales By 20-30% This Year: Fitch
Disruptions caused by demonetisation and the general caution on the part of buyers will hit property sales in India by at least 20-30 per cent in 2017, Fitch Ratings said in its latest report.....
For Pro-poor Thrust, Budget Focus On Housing, Infrastructure Must
Considering that the welfare of the poor and middle class is the priority area of the government and the assembly elections manifestos of all the major political parties centre around housing and urban development, this year's budget is expected to give a major thrust on real estate housing & infrastructure.....
Vodafone Confirms Talks With Idea For Merger
Ending months of speculation, Vodafone on Monday confirmed it is in talks with the Aditya Vikram Birla group for the merger of its Indian entity and Idea Cellular in what will be the largest such deal in the country's telecom space once it materialises.....
HDFC To Issue NCDs, Hopes To Raise Rs 35,000 Crore
Housing finance major HDFC on Monday said it will raise Rs 35,000 crore through secured redeemable non-convertible debentures (NCDs). ....
Highest Capital Outlay For Railway Modernization
President Pranab Mukherjee on Tuesday said the highest capital outlay of Rs 1.21 lakh crore has been provided for railway modernization with major emphasis on track development in the northeast.....
