Business

Suzuki Motor Corp said it was no longer gung-ho about India's auto market, the world's fourth-largest, where it has seen relentless growth in the past seven years. And the parent of the country's biggest car maker is not alone.

The Japanese automaker issued the warning after it reported a slump in quarterly profit this week on tumbling sales at its

Credit ratings agency Moody's on Thursday changed its outlook on India's ratings to "negative" from "stable", citing increasing risks that the country's economic growth will remain lower than in the past.

Sun Pharmaceutical Industries on Thursday reported a net profit of Rs 1,064.09 crore for the quarter ended September 30. The drug major had posted a net loss of Rs 269.60 crore for the corresponding period a year ago. In a regulatory filing, Sun Pharma said its

Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system.

A proposal in this regard has been mooted by the Reserve Bank of India (RBI) to give impetus to digital transactions on the third anniversary of demonetisation.

The central bank has also proposed that FASTags would be enabled to

Steel giant ArcelorMittal pulled out of an agreement to buy struggling Italian firm Ilva because of production concerns, Italy's prime minister has said, warning the company wants to cut 5,000 jobs at one of its plants. 

The world's biggest steelmaker on Monday retreated from

Retail inflation probably exceeded the Reserve Bank of India's (RBI) medium-term target of 4 per cent in October for the first time in 15 months, mainly because of rising vegetable prices, a Reuters poll of economists showed.

Prices of most vegetables

Moody's Investors Service on Thursday changed its outlook on India's ratings to "negative" from "stable", citing increasing risks that the country's economic growth will remain lower than in the past.

The outlook partly reflects government and policy

A slowing domestic economy will prevent rupee from recouping this year's losses against the dollar in 2020, with optimism around an easing in the US-China trade dispute not enough to give it a further boost, a Reuters poll showed.

After falling nearly 9

Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to lower stressed loans on their books by 8.5 per cent, according to central bank data reviewed by Reuters.

The write-offs illustrate the urgent problem of

Finance Minister Nirmala Sitharaman on Thursday tweeted about India's performance on economic front. In a series of tweets, Ms Sitharaman highlighted the government's performance in the month of October on issues ranging from foreign exchange reserves

Government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd, according to two sources involved in talks between bankers and officials over how to restructure the shadow bank's near Rs 1 lakh crore

The S-P BSE Sensex and NSE Nifty 50 indexes fell on Friday after credit ratings agency Moody's cut India's outlook to negative from stable. Losses in Friday's session were led by declines in Tata Consultancy Services, Infosys, ITC, HDFC Bank,

Qatar Airways will look at setting up an airline in India provided there is a very business-friendly environment in the country's aviation sector, its chief Akbar Al Baker said on Thursday as he also expressed wish to expand relationship with IndiGo.

The leading Gulf carrier, which has entered into a code share pact with IndiGo, would look at all

Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday, as the government plans roadshows in Singapore and London to entice investors for the Indian national carrier''s disinvestment. 

Qatar Airways CEO Akbar Al Baker added that he

Eicher Motors on Friday reported a standalone net profit of Rs 570.46 crore for the quarter ended September 30. That marked an increase of 18.51 per cent in net profit compared with the corresponding period a year ago. In a regulatory filing to stock exchanges, Eicher Motors said its revenue from operations came in at Rs 2,181.86 crore in the

Tech firm Mindtree on Thursday said that the CFO Pradip Kumar Menon has resigned. The company said Mr Menon will be relieved from the services on November 15.

"Pradip Kumar Menon has tendered his resignation as the Chief Financial Officer of the company as he

Indiabulls Housing Finance shares jumped nearly 17 per cent a day after the company reported its earnings for the quarter ended September 30. The housing finance company reported a net profit of Rs 709.52 crore for the second quarter of current

The country's largest tractor maker - Mahindra - Mahindra along with its subsidiary Mahindra Vehicle Manufacturers Limited (MVML) on Friday reported net profit of Rs. 1,355 crore as against profit of Rs. 1,778.75 crore in the same quarter last year. The profit in the September quarter of 2018, contained an exceptional item of Rs 137.51 crore.

In a much-awaited relief for distressed homebuyers, the government on Wednesday approved Rs 25,000-crore special window for stalled real estate projects. Real estate experts welcomed the move saying, it would solve the long-pending problem of

Yes Bank shares fell nearly 4 per cent on Thursday, a day after credit ratings agency Moody's Investors Service said it had placed private sector lender's rating under review for a downgrade. Moody's said the review was driven by two factors: Yes Bank's weak financial

Moody's Investors Service cut India's credit rating outlook to negative, citing a litany of problems from a worsening shadow banking crunch and a prolonged slowdown in the economy to rising public debt.The sharp slowdown in growth and a surprise corporate-tax will put government finances under pressure this year. Moody's is projecting a budget

A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme.

The finance ministry also said the

IndiGo said on Thursday it signed a one-way codeshare agreement with Qatar Airways. In a regulatory filing, InterGlobe Aviation - the parent company of budget airline operator IndiGo - said the agreement is in-line with its international expansion plans,

The country's largest lender State Bank of India on Friday reduced its marginal cost of fund based lending rate (MCLR) by 5 basis points across all tenors, effective November 10, and sharply slashed the deposits rates between 15 and 75 basis points.

This is the seventh consecutive cut in lending

Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. 

Punjab - Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative

Domestic stock markets started Thursday's session on a positive note, led by a surge in real estate stocks after the government announced a Rs 25,000-crore special window for stalled real estate projects. The S-P BSE

Air India chairman Ashwani Lohani has said that the airline's management shares the concerns of its employees and is taking necessary steps to protect their interests. In an open letter addressed to the airline's employees, Mr Lohani wrote: "It is but natural that many of you would be concerned about the future in light of the disinvestment

The S-P BSE Sensex extended its record-breaking run to second session in a row while the Nifty 50 index settled above important psychological level of 12,000 for the first time since June 4 led by gains in Reliance Industries, HDFC,