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TCS Q3 numbers muted, but sees bright outlook

TCS quarter traditionally weak; had warned of Chennai flood effect

TCS Q3 results, TCS share price, Sensex

Oxigen, Visa tie up to breathe new life into e-wallet business

In an attempt to compete with the numerous wallets in the market, especially those of large e-commerce retailers, Oxigen has created a virtual prepaid card for e-wallet users in partnership with Visa

ShopClues raises fresh funding, enters the $1-bn valuation club

Although it doesn’t figure very high up on the rankings of websites or e-retailers, e-marketplace ShopClues on Tuesday claimed it had entered the $1-billion valuation club...

Signs of stress: IIP plunges, CPI rises

After scaling a five-year-high growth of 9.9% in October, industrial output contracted 3.2% in November 2015, its sharpest drop since October 2011, as one-off factors like an unfavourable...

iip data

Japan Tobacco seeks Godfrey Phillips stake

Japan Tobacco (JT), the world's third-largest listed tobacco company, is in talks to acquire a part of the promoter's stake in Godfrey Phillips India (GPI).

RBI raises provisions for ‘yet to fail’ CDR accounts

Concerned at the rising instances of loan recasts going wrong

rbi, bad loan

With Rs 60,000 cr in dues, FCI gets only Rs 10,000 cr

Facing mounting outstanding dues in excess of Rs 60,000 crore, the finance ministry has provided Rs 10,000 crore to the Food Corporation of India...

rice price, price of rice, Rice at MSP, Kharif crops, Indian economy, kharif, Minimum support price, CCEA

Zomato pulls menu in four cities citing limited market size

In early signs that internet-based businesses aren’t easy to scale up in the food-tech space, unless the resources are endless, Zomato Media, the restaurant search and review platform...

Indian Railways’ operating ratio to cross 100 due to pay panel payout

With the finance ministry expressing its inability to fund the railways' expenditure on the Seventh Pay Commission, the transporter's operating ratio — operating expenses as a proportion of revenues

indian railway

Cars sales speed up, bikes skid

Passenger vehicle sales in December grew in double digits for the third month in a row, posting the highest ever volumes in December ever, reports fe Bureau in New Delhi.

Credit quality poorer, default ratings up 40%

Debt-weighted credit ratio, or ratio of debt upgraded to that downgraded, at lowest level in three years

rupee

Weak sales to make it harder for real estate companies to service loans

Financials of mid-sized real estate companies are strained as they struggle to service loans at a time when sales are sluggish.

building construction, death

Q3FY16: Another dull season

Expectations from corporate India remain tempered as yet another earnings season gets under way, reports fe Bureau in Mumbai.

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Rivals unruffled by Netflix India entry

Long way to go before it’s a threat to domestic players

netflix

Azim Premji again tops India giving list, Infosys old guard next

Hurun Research picked 36 individuals, down from 50 last year, with 12 new entrants and 26 names dropping off the list.

azim premji wipro

Delhi’s stand doesn’t clear the air

The Delhi government contends that the odd-even rule has brought down particulate matter and nitrogen oxide release by cars by 40%, a claim at odds with the data put out by most agencies, reports fe B

Odd even rule

Private Equity firms line up to exit e-commerce players

Half a dozen small and medium e-commerce companies are planning to go public in the next two to three months as private equity (PE) players want to exit the firms before any further dip in the valuati

Sensex, Nifty, bse nse fed rate hike

Sensex sinks on Shanghai shock

India’s benchmark stock index slid to its lowest level since June 2014 on Thursday after a plunge in Chinese equities led to a trading halt for a second time this week, deepening a global rout.

tata global beverages, Sensex, Nifty, bse, nse, stock market today

Suresh Prabhu trains sights on Railway Board

With the railways' finances beginning to bite, and the finance ministry is making it clear it will not be able to help much in FY17, railway minister Suresh Prabhu has asked Railway Board members for

indian railways

Textile mills caught up in TUFS tangle

The government has rejected claims of textile mills that had sought subsidy against investments made under the Technology Upgradation Fund Scheme (TUFS) during the so-called black-out period, a senior

FDI in b2c e-commerce: DIPP gives Amazon, Flipkart a breather

Striking a rare aggressive tone, the Department of Industrial Policy and Promotion (DIPP) has sought to shore up the defence of the country's foreign direct investment (FDI) policy in the Delhi High C

eCommerce

Govt stands up for women entrepreneurs, boosts SMEs with Mudra-Sidbi bank

In what could give a leg-up to the financing of small and medium businesses and start-ups, the government on Wednesday vowed to give guarantees for loans up to Rs 1 lakh crore to be availed by them un

entrepreneurship

Narayana Hrudayalaya gets a hearty welcome

Multi-specialty hospital chain Narayana Hrudayalaya made a stellar debut on the bourses on Wednesday with the stock soaring nearly 35%, reports fe Bureau in Mumbai.

aditya birla fashion, bse sensex

ICICI Bank buys UBL shares

ICICI Bank on Wednesday bought 19.58 lakh shares of United Breweries from United Breweries Holdings (UBHL) through a block deal on the NSE, reports fe Bureau in Mumbai.

Amazon to enter grocery jungle in February with ‘Kirana Now’

Having stolen a clear lead over its peers during the Diwali sales, Amazon is readying for an official launch of its grocery arm Kirana Now next month.

Delhi pollution: Action on trucks, none on diesel

SC asks big-diesel auto firms for data on relative pollution before lifting ban

Another dull investment season

Incremental investments, or projects being implemented, saw an uptrend in Q3FY16, reports fe Bureau in Mumbai, citing CMIE data.

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