Business (India)

Liberalisation led to rise in Standalone Family Firms, says study

By: PTI | Hyderabad |<p>Indian School of Business, Hyderabad. (File – Wikimedia Commons)<p>Liberalisation led to the rise of Standalone Family Firms (SFFs) …

Business School

Sebi to allow mutual funds, PMS to participate in commodity futures market

Sebi wants large institutional investors to participate in commodity platforms in India

Finance

McDonald’s moves Delhi HC to get estranged partner Vikram Bakshi to sell his stake in CPRL

The UK court had asked Vikram Bakshi to sell his stake in Connaught Plaza Restaurants Ltd, the franchisee for fast food chain in North and East India.<p>…

India

Hindustan Unilever says rural growth yet to recover

In an investor presentation for the JP Morgan India Investor Summit, HUL”s chief executive officer Sanjiv Mehta showed India’s rural growth had begun …

India

ADB lowers India growth forecast for this fiscal, next

India’s GDP growth is downgraded to 7% in financial year 2017-18, and the forecast for 2018-19 is adjusted down to 7.4%

Economy

Mexico still tallying the economic cost of big earthquake

MEXICO CITY (AP) — Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too clear.<p>Sitting in the entrance of his Guapa Papa restaurant …

Mexico City

Patanjali’s Balkrishna, D-Mart’s Damani make it to Hurun rich list; Ambani’s wealth 50% more than Yemen GDP

Acharya Balkrishna, the head of yoga expert Baba Ramdev-run FMCG company Patanjali and Radhakishan Damani of D-Mart have found their place along with …

India

Sensex slips 59 points on rising North Korea rhetoric

Market made a subdued start on Tuesday, in line with a sluggish Asian opening, as trading of barbs between the US and North Korea made investors edgy.<p>…

North Korea

North Korea war cries stifle stocks, euro still groggy

LONDON (Reuters) - World stocks and the euro fell for a fourth day on Tuesday, as investors that had piled into both all year took a step back as the list of global uncertainties began to lengthen again.<p>The list included a new low in U.S. and North Korean relations, a jolt to the right in German …

Economy

Market Live: Sensex, Nifty open lower, aviation stocks fall

BSE Sensex and NSE Nifty open lower on Tuesday. Photo: Reuters<p><b>Mumbai:</b> The BSE Sensex opened lower on Tuesday against the previous session’s closing. …

Markets

Kurd Referendum: Oil markets take a breather after jump the day before

By: Reuters | Tokyo |<p>London Brent crude for November delivery was up 8 cents at .10 a barrel by 0037 GMT. It settled up 3.8 percent on Monday, after …

Oil

Market Live: Sensex, Nifty open flat after yesterday's sharp fall; ONGC gains

<b>Moneycontrol News</b><p><b>9:35 am Aviation stocks under pressure</b>: SpiceJet and Jet Airways fell 3 percent each after Brent crude oil prices fell 3.8 percent …

Markets

NMDC plans to sell nearly 49% stake in its Chhattisgarh steel plant

NMDC is seeking a partner for its first steel venture, which has been eight years in development, to infuse working capital and provide steel-making …

India

PM launches ₹16,320-crore ‘power for all’ project

Saubhagya plan targets putting all households on the grid by Dec 2018<p>New Delhi, September 25:<p>The Narendra Modi government, which started its ‘power …

India

PM Modi urges ONGC to develop energy efficient electric stove

Prime Minister Narendra Modi today invited India's biggest oil and gas producer ONGC to take up a challenge of developing an energy efficient …

India

PM Modi Forms Economic Council, Appoints Bibek Debroy As Chief

<b>New Delhi:</b> Prime Minister Narendra Modi has set up a economic advisory council, the government said on Monday, as concerns grow about a slowdown in …

The big push: PM Narendra Modi forms Economic Advisory Council headed by Bibek Debroy

As part of much-needed economic turnaround, the government was seen in damage control mode with Prime Minister Narendra Modi constituting the …

India

SBI lowers minimum balance to Rs 3,000, exempts pensioners and minors

The country’s largest lender State Bank of India on Monday lowered the minimum average monthly balance (MAB) requirement in a savings account to Rs …

India

Uber CEO apologizes for 'past mistakes' of company in wake of London ban

<b>London:</b> The new CEO of Uber has apologized for past mistakes just days after London's transport authority said it would scrap the company's operating …

Uber

Amazon deal to help Shoppers Stop cut debt

Shoppers Stop runs 80 stores and plans to add 20 in the next four years

Platts rankings: Reliance Industries No. 3 among world’s top energy companies

Indian Oil Corporation broke into the top 10 of the list, but Coal India slipped to 45 from 38.<p>Reliance Industries Ltd has jumped five notches to …

S&P Global

India starts dumping probe of select steel bar, rod import

By: PTI | New Delhi |<p>The DGAD, under the commerce ministry, said it has prima facie found “sufficient evidence” of dumping of these products from …

India

Little dip in economy, steps taken to address it: Arun Jaitley

Finance Minister Arun Jaitley on Monday said the government was in the process of addressing challenges posed by the economy which had seen "a little …

India

I-T raids on Cafe Coffee Day: Officials say they found concealed income of Rs 650 crore

Apart from alleged tax evasion by owner VG Siddhartha, the officials have also found evidence of violations of other statutes.<p>The Income Tax raids on …

India

PM Narendra Modi to interact with PSU banks' chiefs on September 27

Prime Minister Narendra Modi will address the chiefs of public sector banks on September 27. The interaction, where Finance Minister Arun Jaitley …

India

European shares inch higher as Merkel hangs on to power

LONDON (Reuters) - European shares edged higher in cautious trade on Monday after German Chancellor Angela Merkel secured a fourth term but saw her party weakened by a surge in support for the far-right.<p>At 1027 GMT both the pan-European STOXX 600 and euro zone blue chips were 0.1 percent higher - a …

Markets

ED plans new chargesheet against Vijay Mallya after tracking shell companies

Vijay Mallya left for London in March 2016 as banks closed in on him to recover more than Rs9,000 crore owed to them by the defunct Kingfisher …

India

Vijay Mallya diverted most of Rs 6,000-cr loan to shell firms in 7 nations

CBI, ED preparing chargesheet to strengthen extradition case; Mallya alleged to have systematically duped banks by repaying some loan and borrowing …

Vijay Mallya

Stock market: Sensex gets a scare on global headwinds, dives 287 points

Stocks were a bundle of nerves today as the Sensex plunged over 287 points and the Nifty broke below the 9,900-mark in opening trade on persistent …

Markets

Sensex down nearly 200 points, market breadth weak

India’s benchmark equity index Sensex staged a mild recovery after falling more than 300 points on Monday morning. Photo: Mint<p><b>Mumbai:</b> India’s …

Markets