Finance (India)

Indian men are splurging on their looks—but not to impress women

You could rely on most Indian men to look drab except at early dates and weddings, and that’s changing now.<p>India’s male-grooming market is worth over Rs5,000 crore and it’s growing rapidly because Indian men now want to scrub up, not to impress women but for brownie points at work, according to a …

Travel (India)

Reliance Jio Turns In A Profit In Just Over A Year Of Operations

Mukesh Ambani’s Reliance Jio Infocomm Ltd. turned profitable within 15 months of launch after disrupting the world's second-largest telecom market by …

India

India's proposed investment treaty terms leave foreign partners cold

NEW DELHI (Reuters) - Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said.<p>From New Delhi’s perspective …

India

Mauritius largest source of FDI in India, says RBI

Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank. Singapore …

India

US to overtake Saudi as crude oil producer: IEA

The United States are set to overtake Saudi Arabia as the world's number two oil producer this year, as shale companies, attracted by rising prices, …

Oil

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

NEW DELHI (Reuters) - India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.<p>Tech-savvy young investors, real estate …

India

Reliance Industries Q3 profit rises; Jio turns profitable

© Reuters. Reliance Industries Q3 profit rises; Jio turns profitable<p>Jan 19 (Reuters) - Reliance Industries Ltd RELI.NS , India's largest listed …

Markets

Aadhaar seeding to eliminate multiple PF accounts: Official

(Eds: Changing slug)Kolkata, Jan 19 (PTI) The Employees Provident Fund Organisation (EPFO) today said it will be able to eliminate multiple account …

West Bengal

Reliance Jio reports first ever net profit of ₹ 504 cr.

Reliance Industries on Friday reported a 25 % jump in its third quarter net profit on the back of higher refining margins and its telecom arm Jio …

India

IDFC Bank Q3 profit falls 24% to Rs146 crore

IDFC Bank’s gross non-performing assets (NPAs) fell 22.58% to Rs2,776.67 crore at the end of the December quarter from Rs3,586.70 crore in the same …

Markets

On New Indian Condos, the Name Is Trump, and the Lure Is Meeting One

MUMBAI — What’s one of the best ways right now to crack into the Trump family inner circle?<p>Buy a swanky condominium in India.<p>Indian developers are promising to fly the first 100 buyers in a new Trump Towers project to New York for a sit-down dinner with Donald Trump Jr.<p>The glitzy project, which …

Politics

AmEx posts first loss in 26 years on tax charge, suspends buybacks | Reuters - Firstpost

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Jan 19, 2018 03:15 AM | Updated Date: Jan 19, 2018 …

India

Textile, garment exporters seek budgetary support to stay competitive

Falling exports, rising imports from Bangladesh reason for concern

Business (India)

Sensex ends on a new high of 35,511 points, Nifty breaches 10,900

The market gained after the Goods and Services Tax Council revised tax rates of 29 goods and 53 categories of services.<p>The Bombay Stock Exchange …

Economy

BRIEF-India Cenbank Sets 5.99 Pct Cut-Off Rate At 6-Day Variable Rate Reverse Repo Auction

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Economy

Indian tribunal refuses to lift SEBI ban on Price Waterhouse

MUMBAI (Reuters) - India's Securities Appellate Tribunal (SAT) said on Friday that Price Waterhouse can continue to service existing clients whose financial year started on Jan. 1 2018, but it refused to grant a stay on a two-year audit ban ordered by the market regulator.<p>The markets regulator, …

Business (India)

Netanyahu’s Visit to India Shows Great Optics—and Obstacles

Indian authorities pulled out the stops during Israeli Prime Minister Benjamin Netanyahu’s visit this week: His counterpart Narendra Modi showed up …

Business

SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.<p>The deal includes a large …

Business (India)

AU Small Finance Bank inks MoU with LIC to offer PMJJBY

Jaipur, Jan 19 (PTI) Banking finance company AU Small Finance Bank has signed an MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana …

India

India Cuts GST Levies, Simplifies Rules Ahead of Federal Budget

India slashed tax rates on some goods and services just days ahead of the country’s budget, as it continues to rationalize its six-month-old regime …

India

AkzoNobel to focus on mass brands, new niches to push growth

AkzoNobel is also extending the brand to new categories, including waterproofing, and will look to make new “specialty” offerings. Photo:</b> …

Business (India)

Corporates open to public gaze as data available online: FM Arun Jaitley

Finance and Corporate Affairs Minister Arun Jaitley on Friday said online availability of data has opened corporate activities to public gaze and …

Business (India)

KTR seeks investment from Japan in automobile sector

Industries and IT Minister K.T. Rama Rao has strongly pitched for investment from Japanese automobile companies in the State.<p>Mr. Rama Rao called on …

India

BRIEF-Reliance Industries Says Cash And Cash Equivalents As On Dec 31 Were 786.17 Bln Rupees

© Reuters. BRIEF-Reliance Industries Says Cash And Cash Equivalents As On Dec 31 Were 786.17 Bln Rupees<p>Jan 19 (Reuters) - Reliance Industries Ltd …

India

Thailand’s CP Group to invest Rs1,000 crore in India over 5 years

CP Group hopes to open its first two stores—spread over 45,000-50,000 sq. ft each in NCR by the end of the second quarter in the current fiscal</b> …

India

India's Kotak Mahindra Bank Q3 profit up 20 pct

© Reuters. India's Kotak Mahindra Bank Q3 profit up 20 pct<p>Jan 19 (Reuters) - Indian private sector lender Kotak Mahindra Bank Ltd KTKM.NS posted a …

Markets

Carpediem Capital Invests $6.5M in 1-India Family Mart

1-India Family Mart is a leading value retail chain with 38 mid-sized retail stores in tier II /III cities and smaller towns in eastern and northern …

India

Asian shares mixed as US government shutdown threat looms

HONG KONG (AP) — Asian stock markets were uneven and the dollar fell on Friday following Wall Street's retreat as the threat of a U.S. federal government shutdown loomed on the weekend.<p>KEEPING SCORE: Japan's benchmark Nikkei 225 climbed 0.3 percent to 23,836.84 and South Korea's Kospi was flat at …

Markets

Asia stocks rise on China growth, U.S. govt funding woes dent dollar

TOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China’s announcement of faster-than-expected fourth quarter growth, while worries over a possible U.S. government shutdown weighed on the dollar.<p>MSCI’s broadest index of Asia-Pacific …

Economy

Keeping a close watch on petrol and diesel prices, says Pradhan

Oil minister Dharmendra Pradhan remained non-committal on Thursday on cutting excise duty on petrol and diesel, which have touched record highs, …

Business (India)