Business News

Builders pinning hopes on rate cuts for revival in 2017

Builders pinning hopes on rate cuts for revival in 2017

Property market was the economy's underbelly this year and demonetisation towards the fag end only made it more isolated. But things might change in 2017 as builders are pinning their hopes on lower

Dec 30, 2016, 09:20 AM IST
FII outflows bring rupee within striking distance of 69 vs USD

FII outflows bring rupee within striking distance of 69 vs USD

The local unit touched a low of 68.90 (intra-day) in November before recovering to end at 67.74 on December 26, 2016, as against its close of 66.15 last year-end, a net loss of 2.40 percent.

Dec 28, 2016, 20:17 PM IST
Gold turns around falling fortunes after 3 years, outsmarts all other asset classes in 2016

Gold turns around falling fortunes after 3 years, outsmarts all other asset classes in 2016

Gold and silver have yielded returns of 26 percent and 45 percent, respectively, since the start of this calendar year before backing down.

Dec 28, 2016, 15:10 PM IST
Markets win some, lose some, global triggers hold the cards

Markets win some, lose some, global triggers hold the cards

Good rains and a growth-oriented budget laid the perfect pitch for a dream run for stocks, but that was not to be as the market got a scare after heavy capital pullout by FIIs in the concluding two

Dec 28, 2016, 13:28 PM IST
Foodgrain output may scale peak next year, agri growth at 5.5%

Foodgrain output may scale peak next year, agri growth at 5.5%

The agriculture sector is all set to bounce back leaving two years of drought behind and may well pull off record foodgrain output of 270 million tonnes in 2016-17 on good rains, but farmers' woes

Dec 21, 2016, 14:21 PM IST
Mutual Funds  add Rs 4-trillion to kitty in 2016, eyes Rs 20-trillion mark in 2017

Mutual Funds add Rs 4-trillion to kitty in 2016, eyes Rs 20-trillion mark in 2017

Helped by growing interest from retail investors and aggressive buying of stocks, mutual fund industry grew at a rapid pace in 2016 with addition of almost Rs 4 lakh crore, or 28 percent, to its

Dec 20, 2016, 13:50 PM IST
FMCG looks beyond 'temporary blip', keeps faith in GST rollout next year

FMCG looks beyond 'temporary blip', keeps faith in GST rollout next year

The hopes of FMCG companies on the back of a good monsoon and the Seventh Pay Panel award came partially unstuck after the government's sudden move to pull back currency notes upset the applecart

Dec 20, 2016, 12:40 PM IST
Bonanza for Central government employees: 7th Pay Commission recommendations rolled out

Bonanza for Central government employees: 7th Pay Commission recommendations rolled out

The government had in January 2016 had set up the high-powered panel to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of nearly 50 lakh central

Dec 19, 2016, 17:16 PM IST
2016 proves to be an 'eventful' ride for Indian auto industry

2016 proves to be an 'eventful' ride for Indian auto industry

The Indian auto industry is yet again looking forward to a new year with renewed optimism amid challenges of new regulations after a bumpy ride in 2016.

Dec 19, 2016, 16:18 PM IST
VIJAY MALLYA – India's runaway corporate honcho

VIJAY MALLYA – India's runaway corporate honcho

In early March, liquor baron Vijay Mallya, facing probe amid continuing efforts by banks to recover dues totalling over Rs 9,000 crore of unpaid loans and interest from him, managed to leave the

Dec 18, 2016, 20:33 PM IST

10 Major Cars Launched in 2016

10 Major Cars Launched in 2016

Dec 17, 2016, 18:46 PM IST
Brexit: Britain bids adieu to EU

Brexit: Britain bids adieu to EU

With the UK's fate in the EU on a knife-edge, millions of Britons voted in the historic referendum in June that was to decide on whether the country will stay in or leave the 28-nation bloc after an

Dec 17, 2016, 17:15 PM IST
RBI Governor row: Raghuram Rajan exits, Urjit Patel in

RBI Governor row: Raghuram Rajan exits, Urjit Patel in

Urjit Patel was appointed as the new Governor of the Central Bank. He succeeded Raghuram Rajan. Patel, the 24th RBI Governor, will serve a three-year term with effect from September 4.

Dec 17, 2016, 17:08 PM IST
Landmark reform in realty sector: Passage of Real Estate Regulation Bill

Landmark reform in realty sector: Passage of Real Estate Regulation Bill

Touted as a major reform measure to regulate the vast real estate sector and bring order in it, the Real Estate (Regulation and Development) Bill, 2016 was passed by the Rajya Sabha on 10 March 2016

Dec 16, 2016, 16:43 PM IST
Modi govt's 2nd wave of FDI reforms: Inflow momentum likely to continue in 2017

Modi govt's 2nd wave of FDI reforms: Inflow momentum likely to continue in 2017

Pinning hopes on a slew of FDI reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue in the new year.

Dec 16, 2016, 14:04 PM IST
Demonetisation: SC refuses to extend use of demonetised Rs 500 and Rs 1,000 notes

Demonetisation: SC refuses to extend use of demonetised Rs 500 and Rs 1,000 notes

The Supreme Court on Thursday refused to extend the use of demonetised Rs 500 and Rs 1,000 notes in government utility centres like hospitals, railway tickets etc. 

Dec 16, 2016, 14:03 PM IST
IPOs give blockbuster performance in 2016, funds mop-up doubles to 6-year best

IPOs give blockbuster performance in 2016, funds mop-up doubles to 6-year best

In 2016 more than twelve companies have raised over Rs 26,000 crore through IPOs in 2016. The mop-up is more than previous year and makes it the best one for public offers since 2010.

Dec 16, 2016, 13:11 PM IST
Black money crackdown: Rs 65,250 crore mopped up via Income disclosure scheme (IDS)

Black money crackdown: Rs 65,250 crore mopped up via Income disclosure scheme (IDS)

Income declaration scheme (IDS), 2016 was a scheme introduced by Narendra Modi led government to unearth black money and bring it back into the system.

Dec 15, 2016, 17:08 PM IST
 Tata Group fiasco: Ratan Tata enters, Cyrus Mistry exits

Tata Group fiasco: Ratan Tata enters, Cyrus Mistry exits

In a sudden and dramatic turn of events, Cyrus Mistry was on October 24 sacked as Chairman of India's largest conglomerate Tata Group and replaced by his predecessor Ratan Tata in the interim, a move

Dec 14, 2016, 15:20 PM IST
Demonetisation (ban on Rs 500 and Rs 1,000 notes): One of the top economic reforms in India's history

Demonetisation (ban on Rs 500 and Rs 1,000 notes): One of the top economic reforms in India's history

The demonetisation of Rs 500 and Rs 1000 banknotes was a policy enacted by the Government on 8 November 2016. All Rs 500 and Rs 1000 banknotes of the Mahatma Gandhi Series ceased to be legal tender 

Dec 13, 2016, 17:29 PM IST

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