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Times of India: Business News and Markets News

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Updated: 59 min 45 sec ago

Moody's withdraws RCom's credit rating after missed payment

11 hours 21 min ago
With net of debt of Rs 44,300 crore as of end-March, RCom - as the company is widely known - is the most leveraged listed Indian telecom company, and along with its rivals has been hit badly by a price war with upstart rival Reliance Jio
Categories: India News

Google India hits billion dollar sales mark

12 hours 34 min ago
Google India Pvt Ltd, posted a turnover of Rs 7,208.9 crore in the year through March 2017, a 22% jump from the previous year’s Rs 5,904 crore. Sales had expanded 44% in fiscal 2016.
Categories: India News

RCom, Aircel accuse Big 3 telcos of trying to poach subscribers through misleading campaigns

12 hours 41 min ago
Aircel and RCom, struggling to stay afloat after their merger attempts fell through recently, have complained to DoT and Trai, seeking action against the Big 3.
Categories: India News

Diageo sues Mallya over $40m payout in United Spirits deal

Fri, 11/17/2017 - 5:53pm
The drinks giant claims Mallya breached a $75 million agreement, of which it had already paid out $40 million, made when he stepped down as chairman of United Spirits in February 2016. It's also seeking about $141 million over questionable payments made by companies affiliated with Mallya.
Categories: India News

Bad loans in banks could trigger downgrade

Fri, 11/17/2017 - 5:30pm
Categories: India News

Rs 13,000 crore Infosys buyback offer to open on November 30

Fri, 11/17/2017 - 10:04am
Outlining the buyback dates in a regulatory filing, Infosys said that the company through letter dated November 16 received observations from the Securities and Exchange Board of India on the draft letter of offer for the buyback.
Categories: India News

In surprise move, RBI cancels open market bond sale

Fri, 11/17/2017 - 9:19am
The OMO sale of government securities was withdrawn due to "recent market developments and based on a fresh review of the current and evolving liquidity conditions", RBI said in a statement.
Categories: India News

GST rejig recap: A guide to all changes and revised tax filing dates

Fri, 11/17/2017 - 7:54am
Traders' body CAIT lauded the move and said that it will be a game changer in simplifying the tax regime and encourage its wider adoption.​
Categories: India News

Vow to continue on good governance: Piyush Goyal

Fri, 11/17/2017 - 7:21am
Categories: India News

SpiceJet records over 90% load factor for 31 straight months

Fri, 11/17/2017 - 5:38am
SpiceJet, on Monday, reported a profit of Rs 105.3 crore for the quarter ended September 30, 2017, up 79 per cent from Rs 58.9 crore in the same quarter last fiscal.
Categories: India News

Kuwait’s Jazeera Airways starts India operations

Fri, 11/17/2017 - 4:47am
Jazeera Airways will fly to Kochi, Mumbai and Ahmedabad in early 2018 as it expands “its network to serve the Indian sub-continent targeting the nearly 10 lakh Indian nationals residing in Kuwait”.
Categories: India News

State looking at financial constraints, as committee asks for proactive measures to sell liquor

Fri, 11/17/2017 - 3:30am
Dip is GST collection expected, govt shows borrowings of Rs 1,500 crore from open market and x-factor of loan waiver adding to additional financial burden.
Categories: India News

Moody's upgrades ratings of four Indian banks

Fri, 11/17/2017 - 3:14am
The government's credit strength is an important input in Moody's deposit and debt ratings for financial institutions because it impacts Moody's assessment of the government's capacity to provide support lenders in times of stress.
Categories: India News

India's rating upgrade reflects growth story: NITI Aayog

Fri, 11/17/2017 - 2:51am
The US-based Moody's upgraded India's sovereign rating after a gap of 13 years to Baa2, with 'stable' outlook, from Baa3 earlier, citing improved growth prospects driven by economic and institutional reforms.
Categories: India News

RBI gets ready to train its guns on 50 more stressed accounts

Fri, 11/17/2017 - 12:49am
These a/cs are in addition to the 41 that the central bank has already identified, including several against which banks have now started bankruptcy proceedings.
Categories: India News

Moody's lifts India's government bond rating to Baa2 from Baa3

Thu, 11/16/2017 - 8:48pm
The rating agency upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. Moody's said the decision to upgrade the rating was underpinned by the expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential.
Categories: India News