Business

Monsanto Doesn't Have Patent On GM Cotton Seeds, Says Delhi High Court

Monsanto has been involved in a row in India over royalties paid by local seed firms for its GM cotton.

New Delhi: A court ruled on Wednesday that Monsanto cannot claim patents on its genetically modified (GM) cotton seeds in India, the domestic company that brought the case said. Citing an Indian law that excludes seeds from being patented,
Details
Category: Business

Write comment (91 Comments)

Walmart May Be Favored Over Amazon To Buy Flipkart: Report

Walmart is in talks to take a minority stake in Flipkart that could go up to 50 or 60%.

Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc.

Flipkart Online Services

Details
Category: Business

Write comment (93 Comments)

GoAir Offers Flight Tickets From Rs 1,566. Details Here

GoAir is offering starting airfares ranging from Rs 1,566 to Rs 4,048 on select routes

GoAir is offering flight tickets starting at Rs 1,566 on select routes. Under a limited-period scheme, GoAir is offering flight tickets on
Details
Category: Business

Write comment (97 Comments)

Singapore Exchange To List India Equity Derivative Products Soon

The new derivatives would be in addition to existing India single-stock futures.

Singapore Exchange Ltd (SGX) on Wednesday said it would list Indian equity derivative products in June, a move which follows a decision by India's
Details
Category: Business

Write comment (97 Comments)

New Delhi: India's economic growth will rise to 7.3 per cent this fiscal and further to 7.6 per cent in the next financial year, retaining the fastest-growing Asian economy tag, on back of GST and banking reforms.

In its Asian Development Outlook (ADO), 2018, Manila-based ADB said, "risks to trade are high" and retaliatory actions could dent growth

Details
Category: Business

Write comment (90 Comments)

The Sensex and Nifty wavered in early trade on Wednesday. The Sensex had ended higher for a fourth straight session on Tuesday, its longest winning streak since late January, with sentiment boosted as tensions eased between
Details
Category: Business

Write comment (100 Comments)

Atal Pension Yojana (APY): 10 Things To Know Before You Subscribe

The minimum period of contribution under pension scheme APY is 20 years.

APY or Atal Pension Yojana is a pension scheme mainly focused on unorganised sector employees. Available to all Indian citizens with a bank account, Atal
Details
Category: Business

Write comment (93 Comments)

Saudi Arabia Says Don't Want Oil Prices To Rise To -Unreasonable Levels-

Brent crude was trading above $70 a barrel on Wednesday.

New Delhi: Saudi Arabia's energy minister said on Wednesday that the world's biggest exporter of oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to "unreasonable levels". Members of the Organization of the Petroleum Exporting Countries (OPEC)
Details
Category: Business

Write comment (95 Comments)

Washington/San Francisco: Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the
Details
Category: Business

Write comment (93 Comments)

Gurgaon: SpiceJet on Wednesday announced the commencement of its operations from Hubli, Karnataka from May 14, 2018. SpiceJet was awarded Hubli under the second round of UDAN, and it will be its fifth destination under the Regional Connectivity Scheme (RCS). UDAN or Ude Desh ka Aam Naagrik is a regional airport development and Regional
Details
Category: Business

Write comment (91 Comments)

Now, Tata Group Unlikely To Bid For Air India: Report

Tata Group already owns stakes in two airline joint-ventures.

New Delhi/Mumbai: India's steel-to-autos conglomerate Tata Group, widely seen as a potential suitor for Air India, is unlikely to consider a bid for the state-run carrier as the government's terms are just too onerous, two sources familiar with the matter said.

India, keen to sell the

Details
Category: Business

Write comment (99 Comments)

Parliamentary Panel Discusses NPA Issue With RBI Governor, Bankers

Top officials of about 16 public sector banks attended the meeting.

New Delhi: A Parliamentary panel today met RBI Governor Urjit Patel, top public sector bankers and government officials to discuss about mounting bad loans and ways to resolve the problem.

Several bankers apprised the Committee on Subordinate Legislation of Rajya Sabha about

Details
Category: Business

Write comment (97 Comments)

Saudi Aramco Ties Up For 50% Stake In $44 Billion-Maharashtra Refinery

Saudi Arabia Energy Minister Khalid al-Falih at the International Energy Forum in New Delhi on Wednesday.

New Delhi: Saudi Aramco on Wednesday signed an initial deal with a consortium of Indian refiners to build a $44 billion refinery and petrochemical project on India's west coast, as the kingdom moves to secure buyers for its crude in a market
Details
Category: Business

Write comment (99 Comments)

Axis Bank Ltd.'s board mustn't feel even the slightest embarrassment for being so wrong for so long. In fact, it deserves a vote of thanks for helping to create possibly the biggest and juiciest takeover target in the history of Indian banking.

Rewind to last July. The Indian lender's board had just rewarded CEO Shikha Sharma with a fourth term --

Details
Category: Business

Write comment (97 Comments)

India's Manipal Hospitals Enterprises Private Ltd said on Tuesday it had raised its offer to buy Fortis Healthcare Ltd's hospital business by 21 percent.

The revised offer values the business at Rs 6,061 crore ($933.18 million),

Details
Category: Business

Write comment (93 Comments)

Gold Prices Shoot Up Today, Silver Rates Jump: 5 Things To Know

Gold prices had also gained in past three sessions.

New Delhi:Gold prices today surged by Rs 300 to Rs 31,850 per ten gram at the bullion market. It had gained Rs 200 in the previous three sessions. Strong buying by local jewellers amid higher global prices helped support domestic gold price. Silver prices also jumped due to increased offtake by
Details
Category: Business

Write comment (94 Comments)

The Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms applicable to Assessment Year 2018-19. These ITR forms will be applicable to filing of income tax return in respect of income earned from April
Details
Category: Business

Write comment (99 Comments)

Education Loan: Single Window To Apply At Any Of The 34 Banks

Education loans: One need to fill out just one form to apply for loans at any of the banks

If you have managed to procure the much sought-after offer letter from any Ivy League University or a top institution in India or abroad,
Details
Category: Business

Write comment (90 Comments)

Airtel Launches Rs 249 Prepaid Recharge Plan With 2 GB Data Per Day

Airtel's Rs 249 prepaid recharge plan offers 2GB data per day.

Bharti Airtel, the Sunil Mittal-led telecom operator, has launched a prepaid recharge plan worth Rs 249. This is the latest part Airtel's list of best-selling
Details
Category: Business

Write comment (91 Comments)

Genpact Links Top Executive Salaries To Digital Revenue

Genpact reported total revenues of $2.74 billion in 2017.

IT services company Genpact has introduced revenues from transformation services as a new performance metric in annual cash bonus program for top executives. "In 2017, we
Details
Category: Business

Write comment (92 Comments)

Google Appeals Against Charges Of Search Bias By Fair Trade Regulator

Last year, the European Commission imposed a record $3 billion fine on Google.

New Delhi/Mumbai: Google has appealed against a ruling by India's competition watchdog that found it guilty of "search bias", while the website that
Details
Category: Business

Write comment (91 Comments)

Sensex Extends Gaining Streak To Fifth Day; IT, Metal Stocks Lead Gains

The Sensex ended 60 points higher at 33,940 while Nifty settled at 10,417.

The Sensex and Nifty closed higher on Wednesday amid volatile trade, extending their winning streak to a fifth straight day. Gains in IT, metal and pharma
Details
Category: Business

Write comment (96 Comments)

Do you invest to save your income tax liabilities Beware - it's a mistake because your investments must be linked to your goals and not your tax!

In today's time, the common man has become more prudent and wise when it comes to

Details
Category: Business

Write comment (97 Comments)

Oil Breaks Above $70 A Barrel As Shadow Of Trade War Recedes

Brent crude futures were up $1.39 at $70.04 a barrel by 11.31 GMT

London: Oil broke above $70 a barrel on Tuesday, extending strong gains from the previous day, as investors grew more optimistic that a trade dispute between the United States and China may be resolved without greater damage to the global economy. Brent crude futures were up $1.39 at
Details
Category: Business

Write comment (91 Comments)

Petrol, Diesel Price Hikes Could Be Put On Hold

Petrol and diesel prices have led to calls for an excise duty cut by the government

State-run oil marketing companies have been asked not to increase retail petrol and diesel prices by absorbing a part of the losses due to the recent rise in global crude oil prices, news agency Bloomberg reported, citing sources
Details
Category: Business

Write comment (99 Comments)

Gold prices touched their highest in a week early on Wednesday, as the dollar index hovered near two-week lows and investor jitters about a host of geopolitical tensions stoked demand for the safe-haven metal. Spot gold was on
Details
Category: Business

Write comment (90 Comments)

Arun Jaitley Clears Air On Terms of Reference Of 15th Finance Commission

Arun Jaitley rejects the claim that a region was ignored in the 15th Finance Commission

Union Finance Minister Arun Jaitley tries to clear the air on terms of reference of the 15th finance commission. He said that a needless
Details
Category: Business

Write comment (94 Comments)

Digital Transformation To Add $154 Billion To India's GDP: Microsoft

Survey took into account 1,560 business decision makers in mid and large-sized firms.

New Delhi: Digital transformation will add close to $154 billion to India's GDP by 2021 and increase the growth rate by one per cent annually, software giant Microsoft said on Wednesday.

According to a joint report by Microsoft and IDC Asia/Pacifc, in 2017, about

Details
Category: Business

Write comment (91 Comments)

The Ministry of Railways in reply to a question in Rajya Sabha has made available some information about release of berths under emergency quota. The Ministry of Railways said that to meet the urgent travel requirements of High
Details
Category: Business

Write comment (91 Comments)

Gold Price Rises On Weaker Dollar, Geopolitical Rumblings

Gold is seen as an alternative investment during times of political and financial uncertainty.

London: Gold prices crept higher on Tuesday as the dollar weakened and as investors awaited potential U.S. action against the suspected use of chemical weapons in Syria. "Geopolitics is taking the main driving seat this week, so gold has potentially got
Details
Category: Business

Write comment (93 Comments)