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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: 27 min 36 sec ago

Boeing says will take time to win back confidence

7 hours 59 min ago
The head of Boeing Co said on Sunday the US planemaker had made a mistake in implementing a cockpit warning system on the 737 MAX and predicted it would take time to rebuild the confidence of customers in the wake of two fatal crashes. Chairman and chief executive Dennis Muilenburg said Boeing failed to communicate "crisply" with regulators and customers.
Categories: India News

Pak fails to fulfil 25 of 27 FATF points, downgrading by IMF, World Bank to continue

15 hours 13 min ago
The Paris-headquartered Financial Action Task Force has asked Pakistan to explain whether it has launched any investigation into the USD seven million allocated to maintain schools, madrasas, clinics and ambulances originally operated by terror groups like Lashkar-e-Taiba, Jaish-e-Mohammad, and LeT fronts Jamat-ud-Dawah and Falah-e-Insaniat Foundation.
Categories: India News

GST Council may give 1-year extension to anti-profiteering authority

15 hours 17 min ago
The Council at its 35th meeting, the first under new Finance Minister Nirmala Sitharaman, is also likely to consider a proposal to set up one appellate tribunal for north-eastern states, and another one for all Union Territories.
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Lost $200 million in profits in 1year of Tuticorin plant shutdown: Anil Agarwal

15 hours 20 min ago
"We have lost about $200 million in bottomline (profits)," he told PTI in an interview. "Forget about bottomline. How can you stop production and start importing? After all, what we did at Tuticorin was import substitution."
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Saudi Arabia committed to Aramco IPO: Crown prince

15 hours 23 min ago
"We are committed to the IPO of Saudi Aramco based on appropriate conditions and at the right time," Prince Mohammed told the pan-Arab daily Asharq al-Awsat in an interview published on Sunday.
Categories: India News

Google CEO on reports of anti-trust probe in US

Sat, 06/15/2019 - 9:11am
Google's CEO Sundar Pichai has said that it is "perfectly fine" for big companies to be scrutinised but cautioned against doing it just "for the sake regulating" them. Pichai made the comments after reports emerged that Google's search business and advertising may come under scrutiny during the potential anti-trust violations probe by the US Department of Justice.
Categories: India News

India tops in tech visa applications for UK: Report

Sat, 06/15/2019 - 8:22am
India along with the US are among the countries with the highest number of visa applications for the UK's technology sector, according to the latest data from Britain's leading network for digital tech entrepreneurs.
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How tanker attacks on a skinny waterway could affect oil prices

Sat, 06/15/2019 - 7:17am
The Strait of Hormuz, sometimes described as the world’s most important oil choke point, is a gateway for almost a third of all crude oil and other petroleum products carried by tanker.
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India's flat May fuel demand points to sluggish economy

Sat, 06/15/2019 - 6:53am
India’s fuel demand in May was unchanged from a year earlier, preliminary government data showed on Saturday, indicating a continued slowdown in various sectors including industrial output.
Categories: India News

Hyundai seeks more clarity, time for e-car plan

Sat, 06/15/2019 - 3:14am
Car maker Hyundai Motor Company’s subsidiary in India has sought more clarity and time for proper adoption of electric vehicles. The govt plans to ask cab aggregators to convert around 40% of their fleet to electric by 2026. Hyundai, which has committed to bring out 38 cleaner vehicle segments, will be launching new Kona EV in July in India.
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When drones delivered TOI to readers

Sat, 06/15/2019 - 2:32am
The Times of India has launched an initiative by and for technologists, called Times Techies, in Bengaluru & Hyderabad. The edition containing the special page was delivered by drones to the homes of some of Bengaluru’s renowned tech entrepreneurs — NR Narayana Murthy, Ashok Soota, Rahul Jaimini and Naveen Tewari.
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E-tail boosts medium trucks in FY20

Fri, 06/14/2019 - 9:55pm
At a time when the entire commercial vehicle market is stuck in the slow lane, the one segment that continues to show some hope is the medium and intermediate truck category. This has grown in April-May, even as heavy duty truck sales were down 25%.
Categories: India News

This Indian IT co buys US-based firm Mobiquity

Fri, 06/14/2019 - 9:51pm
Hexaware Technologies has acquired US-based global digital consultancy Mobiquity for $182 million (Rs 1,300 crore) - its largest ever acquisition. Mobiquity strengthens the Mumbai-based, $700-million IT company's capabilities in customer experience and cloud with a suite of digital offerings.
Categories: India News

Exports sluggish, trade deficit widens to 6-month high in May

Fri, 06/14/2019 - 9:12pm
The trade deficit, which is the difference between exports and imports, rose to $15.4 billion in May, compared to $14.2 billion in the year-ago period. This is the widest trade deficit since November's $16.7 billion. Gold imports shot up by 37.4% during the month. Gold imports shot up by 37.4% during the month.
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Soaring temperatures fire up sales of ACs

Fri, 06/14/2019 - 9:07pm
Categories: India News

Prannoy Roy, Radhika can't hold exec posts: Sebi

Fri, 06/14/2019 - 7:47pm
Markets regulator Sebi on Friday barred popular television personality Prannoy Roy, his wife Radhika Roy and RRPR Holdings, all three promoters of NDTV, from the market for two years for violating various Sebi regulations relating to disclosure of important information to minority shareholders of the company. Sebi also barred Roy and his wife from being directors of NDTV for two years.
Categories: India News

You can get insurance for your mobile screen

Fri, 06/14/2019 - 6:30pm
New-age non-life company Go Digit General Insurance has introduced a policy for used mobile phones that will compensate the user if there is any screen damage. This low-value cover has been made feasible by a small software that enables the company to remotely assess the condition of the phone — both for underwriting and claim settlement.
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