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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: 8 min 14 sec ago

Sebi makes investing in mutual funds less pricey; puts cap on total expenses

7 hours 36 min ago
Rationalising the total expense ratio (TER), the fee that mutual funds (MF) collect from investors every year to manage their money, Sebi said the new fee structure would come into force from April 1, 2019.
Categories: India News

Google to spend $1 billion to establish new campus in New York

8 hours 8 min ago
The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post on Monday. Google hopes to start moving into the building by 2022.
Categories: India News

Byju's raises $540 million, valuing it at $3.6 billion

8 hours 51 min ago
"We are happy to have prominent and long-term partners like Naspers and CPPIB on board with us. This partnership will strengthen our ability to deliver on our vision to build the world's largest education company," Byju's founder and CEO Byju Raveendran said.
Categories: India News

Sensex ends 307 points higher, reclaims 36,000-mark; Nifty above 10,850

9 hours 51 min ago
On the BSE index, Tata Motors, PowerGrid, HDFC, Coal India, Vedanta and ICICI Bank were among the major gainers with their stocks surging as much as 4.34 per cent. On NSE, except for Nifty Realty, all other sub-indices ended in green, rising as much as 2.02 per cent.
Categories: India News

'Disclose printing data of new Rs 2,000, Rs 500 notes'

10 hours 21 min ago
The Bhartiya Reserve Bank Note Mudran (P) Limited, a wholly owned subsidiary of the Reserve Bank of India (RBI), claimed that the printing of currency and related activities cannot be shared with people as it will result in "proliferation of counterfeit currency and economic chaos, it observed.
Categories: India News

How to avoid tax saving traps: Things to know

11 hours 56 min ago
At first glance, a plan from a large life insurance company certainly appears lucrative. But the reality dawns once you analyse the numbers in detail. However, despite poor returns, lakhs of money-back policies and endowment plans get sold during the tax planning season every year.
Categories: India News

High court bans online sale of medicine till Centre notifies rules

13 hours 35 min ago
The Madras high court on Monday issued a blanket ban on online sale of medicines till the central government notifies rules regulating it. The court has also set January 31, 2019 as deadline to issue the notification.
Categories: India News

Vine, HQ Trivia co-founder Colin Kroll found dead

14 hours 5 min ago
Police found Colin Kroll, 34, unconscious and unresponsive in a bedroom of his Manhattan apartment, a New York police spokesman told a television channel. A drug overdose is the suspected cause of death, police said, and an investigation is underway.
Categories: India News

Markets open higher, Sensex up over 200 points, Nifty above 10,860

Sun, 12/16/2018 - 10:48pm
PowerGrid, Vedanta, NTPC, Tata Motors and Adani Ports were among the major gainers, rising as much as 4.20 per cent. On NSE, sub-indices Nifty Metal and Pharma tracked most gains, up as much as 1.64 per cent.
Categories: India News

Foreign fund outflows near Rs 1 lakh cr in 2018

Sun, 12/16/2018 - 7:46pm
Categories: India News

Mastercard to delete data of Indians from global servers

Sun, 12/16/2018 - 7:10pm
Mastercard said all new Indian transaction data is being stored at its technology centre in Pune as of October 6, as required by the RBI directive on data localisation. "The proposal we have given (to RBI) is that we will delete it (data) from everywhere else, whether it is the card number, transaction details," a company official said.
Categories: India News

Post-GST, you save Rs 320 on monthly spend of Rs 8,400

Sun, 12/16/2018 - 7:06pm
An analysis of household expenditure pre- and post-GST rollout shows tax rates have come down on 83 items — including food and beverages, and daily use goods like hair oil, toothpaste, soap and detergent. On a monthly spending of Rs 8,400 on these, the tax paid under GST is Rs 510. This, compared to the Rs 830 in tax previously, results in a saving of Rs 320.
Categories: India News

Mindtree founders resist as Siddhartha’s exit sparks M&A jitters

Sun, 12/16/2018 - 5:30pm
Siddhartha, through multiple entities, owns about 21% in Bengaluru-based Mindtree, while its founders — Subroto Bagchi, N S Parthasarathy, Krishnakumar Natarajan and Rostow Ravanan — together hold around 13% stake. Siddhartha’s interest in Mindtree does not come with any management rights or even a board seat (he quit earlier this year).
Categories: India News

Centre revives plan to check discounts, freebies by e-tailers

Sun, 12/16/2018 - 2:23pm
The commerce and industry ministry is looking at ways to strengthen the e-commerce sector while safeguarding the interests of domestic retailers. A growing view in the government is that e-commerce giants, like Amazon and Alibaba, have deep pockets and are willing to lose money for years till competition from smaller players is nearly wiped out.
Categories: India News

Pricing policy that makes airlines lose too much money is a problem: IATA chief

Sun, 12/16/2018 - 6:19am
India is the world's fastest growing domestic aviation market and has registered double-digit passenger growth for 50 straight months in October. However, the local carriers are grappling with financial headwinds at present.
Categories: India News

Swiss bank accounts: ED seizes Rs 10.28 crore assets of ex-MD of Emaar MGF

Sat, 12/15/2018 - 1:03pm
ED said on Saturday it has seized assets worth Rs 10.28 crore of Shravan Gupta, former MD of realty major Emaar MGF, in connection with its FEMA probe in the HSBC black money list unearthed a few years ago. The ED said it has seized an agricultural land worth over Rs 10.27 crore in Delhi's Bijwasan area as an equivalent amount of the asset held abroad.
Categories: India News