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Times of India: Business News and Markets News

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Check latest updates on business, finance and economy from across the world. Get daily updates for BSE Sensex, Share price, Stock markets, BSE, NSE, Nifty, business news on various sectors and much more from Times of India Business.
Updated: 40 min 40 sec ago

'Need Rs 100 crore to recalibrate ATMs for new Rs 100 notes'

2 hours 29 min ago
"We need to recalibrate ATMs for the new Rs 100 note. In India, therefore around 2.4 lakh ATMs will need to be recalibrated," V Balasubramanian, the president of FSS who also serves as the director of industry lobby Catmi, said.
Categories: India News

Microsoft soars past $800 billion in value after bumper results

3 hours 39 min ago
Shares of one of the technology world's oldest and best-known names rose 4 per cent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalization that was already $802 billion at close on Thursday.
Categories: India News

'Government in process to frame net neutrality rules, amend telecom licence'

5 hours 2 min ago
"Government is in the process of establishing the regulatory framework for net neutrality which, inter alia, includes amendment in the terms of various licence agreements governing the provision of internet services in India to incorporate the principles of non-discriminatory treatment of content," Telecom Minister Manoj Sinha today told Rajya Sabha in a written statement.
Categories: India News

US tariff hike on steel no immediate threat: Govt

5 hours 19 min ago
"Our capacity last year was 124 million tonnes. Our production was 102 million tonnes. Our export was 10 million tonnes. So these are the figures," Steel Secretary Aruna Sharma said.
Categories: India News

Wipro first quarter profit up 2%, beats estimates

5 hours 32 min ago
Wipro also said that it would buy US-based Alight Solutions' India operations for $117 million in cash. The deal is expected to be completed in the quarter ending September.
Categories: India News

Weak rupee not enough to tip the scale in favour of India's exports

11 hours 13 min ago
The currency slumped to an all-time low of 69.0925 per dollar last month as prices of crude oil -- the nation’s top import -- climbed and foreign funds exited stocks and bonds amid an aversion to riskier assets.
Categories: India News

Petrol and diesel prices set for a sharp drop

11 hours 47 min ago
Global crude oil prices tumbled nearly $7 a barrel in 9 days. Lower prices will bring relief to the govt.
Categories: India News

Rupee hits record low of 69.13 against US dollar

12 hours 15 min ago
The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors. Also, the Parliament will on Friday debate a no-confidence motion,which weighed on forex market sentiment
Categories: India News

What to expect from markets today

Thu, 07/19/2018 - 10:53pm
Markets are expected to continue trading in cautious mode on Friday ahead of voting on a no-trust motion against the Narendra Modi-led BJP government. The opposition's no-confidence motion -- the first since the BJP government came to power four years ago -- would be taken up in the Lok Sabha.
Categories: India News

Infosys includes arbitration clause in CEO’s agreement

Thu, 07/19/2018 - 8:34pm
Infosys will only take the arbitration route to resolve disputes, claims and grievances between its chief executive and the company, should such a situation arise in the future, according to its 20-F report filed with the US Securities and Exchange Commission.
Categories: India News

India to grow at 7.3% in 2018, 7.6% in 2019: ADB

Thu, 07/19/2018 - 8:32pm
India is projected to grow at 7.3% in 2018 and may further accelerate to 7.6% in 2019 as measures taken to strengthen the banking system and tax reform boost investment, making it the fastest growing major economy in the world, according to the Asian Development Bank (ADB) outlook report.
Categories: India News

Finally, country gets first made-in-India note

Thu, 07/19/2018 - 6:24pm
The Reserve Bank of India has released a new Rs 100 denomination banknote in the Mahatma Gandhi series with a Swachh Bharat logo in lavender colour. This is the first note made of entirely domestic materials.
Categories: India News

iPhones face shutdown without pesky call app

Thu, 07/19/2018 - 4:27pm
Mobile operators will be forced to shut down Apple iPhones on their networks if the American giant fails to install a pesky call app on its phones within the next six months. The company has steadfastly refused to install any such app so far, despite telecom regulator Trai’s displeasure over its refusal.
Categories: India News

Rupee sinks 43 paise to end at lifetime low of 69.05 against dollar

Thu, 07/19/2018 - 11:33am
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate yesterday bolstered the expectations of interest rate hikes, though gradually.
Categories: India News

Allahabad Bank gets Rs 1,790 cr as equity capital from govt

Thu, 07/19/2018 - 11:18am
Earlier this week, the Finance Ministry had approved capital infusion into five public sector banks including Allahabad Bank.
Categories: India News