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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: 31 min 8 sec ago

Can you close a $100 million deal? Infosys has a job for you

1 hour 20 min ago
In the last one year, Tata Consultancy Services (TCS) has bagged three deals - each worth over a billion dollars. Wipro too has bagged a $1.5 dollar deal with Alight Solutions. ​​Infosys, on the other hand, has been eating morsels worth $25-35 million a deal and hasn’t struck a billion dollar deal since 2014.
Categories: India News

Is another global financial crisis on the horizon?

2 hours 3 min ago
It has been ten years since the fall of US-based investment bank Lehman Brothers which led to a global financial crisis in 2008. A glut of money in financial assets like stocks and bonds, dependence of emerging economies on dollar and US's monetary policy and an impending correction in markets mean the world may well be on verge of another such crisis.
Categories: India News

In-flight connectivity may happen in days: Telecom secretary

Fri, 09/21/2018 - 12:33pm
IFC aims at enabling making calls and internet services during flights in the Indian airspace and availability of wi-fi is also expected to provide local airlines an additional source of revenues amid stiff competition in the fast-growing Indian aviation market.
Categories: India News

OPEC, non-OPEC countries study new oil output: Source

Fri, 09/21/2018 - 12:27pm
Three OPEC and non-OPEC sources told Reuters on Friday latest data has shown that OPEC and its allies supplied less oil in August to world markets than they did in July mainly because of a drop in Iranian production.
Categories: India News

Sebi issues revised KYC norms for FPIs

Fri, 09/21/2018 - 11:48am
These norms have been put in place weeks after a panel suggested various changes to the guidelines proposed earlier, amid concerns in certain quarters that overseas funds might face difficulties in ensuring compliance.
Categories: India News

Prefer to die on the beach than at work table in Alibaba: Jack Ma

Fri, 09/21/2018 - 11:40am
On September 10, Chinese billionaire Jack Ma, on his 54th birthday, announced that he would step down as Alibaba's executive chairman in one year to make way for the next generation of leaders at the $420 billion e-commerce giant.
Categories: India News

'RBI unlikely to hike repo rate in Oct despite weak rupee'

Fri, 09/21/2018 - 10:59am
The economists gave a 60 per cent probability for RBI staying on hold, they said, adding that "one cannot rule out" a hike on currency weakness and higher oil prices.
Categories: India News

Ministerial panel on GSTN to meet on Saturday

Fri, 09/21/2018 - 8:52am
With the stabilisation of the current return filing format under the GST, the focus of the GoM meeting would be on preparedness to shift to a new format for GST return filing.
Categories: India News

PNB fraud: Mehul Choksi cites TV debate in plea to get non-bailable warrant cancelled

Fri, 09/21/2018 - 8:27am
Mehul Choksi's lawyer Sanjay Abbott told the court that he was "shocked" to watch a debate on a national television news channel where two callers phoned in to share their opinion on the fraud. Abbott thus pleaded for cancellation of a non-bailable warrant against Choksi claiming he has reasons to believe that his return to India might endanger his life.
Categories: India News

Market crash wipes out Rs 5.6 lakh crore from investor wealth in four days

Fri, 09/21/2018 - 8:18am
The 30-share index cracked 1,127.58 points, or 3 per cent, to hit an intra-day low of 35,993.64 Friday. It, however recovered most of the losses within minutes of the fall.
Categories: India News

Shares of housing finance firms crash; DHFL tanks 60%

Fri, 09/21/2018 - 8:08am
The scrip of Dewan Housing Finance Corporation plummeted 59.67 per cent to Rs 246.25 -- its 52-week low -- on BSE. The stock ended 42.43 per cent lower on BSE and 44.80 per cent on NSE.
Categories: India News

Fitch ups India's growth forecast to 7.8% for FY19

Fri, 09/21/2018 - 7:49am
Fitch, in its Global Economic Outlook, said it expects inflation to rise to the upper end of the central bank's target band (4 per cent, plus-minus 2 per cent) on relatively high demand-pull pressures and rupee depreciation.
Categories: India News

Directors can now submit KYC form with reduced fee till Oct 5

Fri, 09/21/2018 - 7:44am
The corporate affairs ministry has completed de-activation of the Director Identification Numbers (DINs) of individuals who did not submit the DIR-3 KYC (Know Your Customer) form by the initial deadline. Directors can submit the information by paying Rs 500 till October 5, according to the ministry.
Categories: India News

NSE, LSEG ink deal for dual listing of masala, foreign currency bonds

Fri, 09/21/2018 - 7:26am
Both also agreed to explore the launch of ELITE -- LSEG's business support and capital raising initiative for small and medium enterprises -- in India in 2019, the NSE said in a statement.
Categories: India News

55,000 shell firms struck off in 2nd phase, says union minister

Fri, 09/21/2018 - 7:14am
​The corporate affairs ministry had earlier struck off over 2.26 lakh firms for non-filing of financial statements or annual returns for a continuous period of two years or more as part of the first phase of the drive.
Categories: India News

Yes Bank stock nosedives 34%, m-cap erodes by over Rs 14k cr

Fri, 09/21/2018 - 7:11am
After a weak opening, shares of the company further plunged 34 per cent to Rs 210.10 -- its 52-week low -- on BSE. The stock closed 28.71 per cent lower at 227.05 on the BSE index.
Categories: India News

Times Internet, 9 others join hands to form DNPA

Fri, 09/21/2018 - 6:38am
This association aims to cater to the editorial interests of digital publishing houses of all languages to uphold credibility and ultimately promote digital news business
Categories: India News

Bloodbath and back: Sensex witnesses 1,500-point swing

Fri, 09/21/2018 - 6:24am
In mid-day trading, Sensex collapsed to an 1,100-point slump before staging a V-shaped recovery. This was after the markets got off to a buoyant start with both Sensex and Nifty gaining nearly a per cent and the BSE index rising more than 300 points.​
Categories: India News

Hike in small savings rates may help government trim market borrowing

Fri, 09/21/2018 - 5:59am
The government expects that rate hike in small savings schemes will make them attractive alternatives to bank deposits in the coming months. This may result in the government announcing a market borrowing programme for the second half of FY19, which may be smaller than what has been expected so far by the markets
Categories: India News

India may receive $25-30 bn as World Bank backs high middle-income nation transition

Fri, 09/21/2018 - 5:01am
The five-year Country Partnership Framework (CPF) for India is aimed at supporting the country's transition to a higher middle-income country. The framework will address some of India's key development priorities -- resource efficient and inclusive growth, job creation and building its human capital.
Categories: India News