Business

IMF, World Bank Laud RBI for 'Strengthening' Supervision

The International Monetary Fund (IMF) and the World Bank had released two separate main Reports of the 2017 India Financial Sector Assessment Programme (FSAP) in December 2017.

Business

Govt Set to Hit Divestment Goal First Time Post ONGC-HPCL Deal

The higher receipt from disinvestment will help the government in sticking to its fiscal deficit target of 3.2 per cent of the GDP this financial year, which may see lower collections from the newly introduced Goods and Services Tax.

Business

Government Restricts Imports of Petcoke for Users in Delhi Region

India is the world's biggest consumer of petroleum coke, better known as petcoke, which is a dark solid carbon material that emits 11 percent more greenhouse gases than coal.

Business

ONGC to Buy Majority Stake in Refiner HPCL for $5.78 Billion

The deal is part of the government's objective to combine various public sector enterprises "to give them the capacity to bear higher risks" and create more value for shareholders, ONGC said.

Business

FM Arun Jaitley Performs Halwa Ceremony to Launch Printing of Budget Papers

The 'halwa ceremony' is observed to maintain the secrecy of the budget preparation process. As part of the ritual, 'halwa' is prepared in a big wok and served to the entire staff in the ministry.

Business

Lockheed Martin Proposes Making Custom-built F-35 Fighter Jets in India

The platform being offered provides unmatched opportunities for Indian companies of all sizes, including micro, small & medium enterprises (MSMEs) and suppliers throughout India, to establish new business relationships with Lockheed Martin and other indus

Business

Dealmaking Ferrero tycoon breaks decades of family tradition

For almost 70 years, family-owned chocolate group Ferrero shunned acquisitions, relying completely on its ability to grow on its own and dream up new products. Those days are gone.With Giovanni Ferrer...

Business

General Electric’s legacy loss aids case for breakup

Split may help de-risk, but financial benefits are doubtful

Business

Results: where Netflix goes, Big Tech is likely to follow

Earnings growth has driven valuations to decade high

Business

GM, DHL use Chinese plant to lead manufacturing change

Logistics firm handles key error-proofing work at GM-SAIC vehicle plant

Business

Tata Steel rights issue from Feb. 14

Steel major Tata Steel said its rights issue worth ₹12,800 crore will open on February 14 and close on February 28.The executive committee of the board of Tata Steel, at its meeting, approved “simult...

Business

ONGC to acquire Centre’s stake in HPCL for ₹36,915 cr.

Transaction to help government exceed its divestment target for the year

Business

Yarn, fabrics, made-up articles imports rise 20% in December

However, apparel exports dropped 0.3% between April and Dec. 2017 and 8% in December alone

Business

Food summit sees deals worth $500 mn

May yield contracts worth $2 bn more

Business

Industy seeks clear Artifical Intelligence policy

Policy will augment intelligence, not displace jobs: Prasad

Business

Mercedes-Benz unveils India’s first BS VI compliant vehicles

Mercedes-Benz India unveiled India’s first-ever BS VI-compliant vehicles — S Class 350d and Mercedes-Maybach S 560 — which have the capability to run on existing BS IV fuel. These vehicles would be in...

Business

KEF Infra to divest 30% to fund expansion

Plans to raise ₹2,000 cr. for building plants at Mumbai, New Delhi, Hyderabad

Business

JLR rolls out Range Rover Velar, prices it at ₹78.83 lakh

Will bolster firm’s position in luxury SUV market, says MD

Business

Lowering transaction cost tops capital market wish list

Broking body lobbies for abolition of dividend distribution tax, STT rebates

Business

A look inside the incredible life of Georgina Bloomberg, heiress to her father's $52 billion empire and an elite equestrian who bounced back after breaking her back twice

Evan Agostini/AP Images Bloomberg once rescued 25 stray dogs from Puerto Rico. • Georgina Bloomberg is the second daughter of former New York City Mayor and

Business

ARS Steels to invest ₹40 cr. in expansion

Will start exporting to neighbouring countries soon

Business

The coolest and craziest concept cars we've seen in 2018 so far

Tony Ding / AP The Lexus LF-1 Limitless was designed to look like a Japanese sword. Automakers revealed a number of flashy concept cars at CES and the Detroit

Business

The 20 best-selling cars and trucks in America

Ford About 17.2 million cars and trucks were sold in the US last year, according to Kelly Blue Book. The top-selling vehicle was Ford's F-Series. The best-selling

Business

Why did SEBI ban Price Waterhouse?

 What led to decision?In January 2009, Satyam Computer Services’ chairman B. Ramalinga Raju wrote a letter admitting that the company’s balance sheet was fudged and included inflated and non-existent ...

Business

Union Budget 2018: CNN-News18 Launches ‘If I Were FM Challenge’

In the run-up to Budget Day, CNN-News18 is giving its viewers an opportunity to voice out these expectations aloud through the ‘If I Were FM Challenge’.

Business

Nearly 40,000 OnePlus customers affected by credit card data breach

Amid reports of an alleged credit card data breach, OnePlus revealed that nearly 40,000 customers have been affected by the same.

Business

ONGC to acquire government stake in HPCL for ₹36,915 crore

ONGC will pay the government ₹473.97 per share, a premium of over 10% of the 60-day weighted average of HPCL’s scrip.

Business

The billionaire producer behind 'Godzilla' and 'Jurassic World' just listed his LA mansion, complete with a Himalayan salt room and organic farm, for $85 million

courtesy of Jordan Cohen, RE/MAX There's a 2,500 bottle wine vault inside. Thomas Tull, the billionaire producer of blockbuster films "Godzilla" and "Jurassic

Business

FM Arun Jaitley kicks off Budget 2018 proceedings with 'halwa' ceremony: All you need to know about ritual

Finance Minister Arun Jaitley today launched the formal printing of Budget 2018-19 documents with the ritual of 'halwa ceremony'.

Business

We asked 3 top biotech VCs what kinds of companies they'd like to fund, and they all had the same answer

Getty Images/Dan Kitwood We asked venture capitalists what startups they wish they could fund. Many had an interest in finding companies that could tackle

Business

JLR drives in Range Rover Velar, price starts at ₹78.83 lakh

JLR India had opened the bookings for the Range Rover Velar in December last year.

Business

Union Budget to Prioritise Agri, Infra Investments: Nitin Gadkari

The minister said that the government's ambitious infrastructure projects of roads, shipping, ports and inland waterways will be completed with an investment of Rs 8 lakh crore by March 2018.

Business

Higher Tax on Cigarettes Keeps Industry Under Pressure: ITC

The cumulative growth in tax incidence on cigarettes, after cognising for the latest increase in cess rates, stands at 202 percent in last six years, ITC said in its earnings release.

Business

Aadhaar Seeding to Eliminate Multiple PF Accounts: Official

Since July last year, a Universal Account Number (UAN) generation requires mandatory Aadhaar seeding, bank details and mobile number.

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