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Business News

Akhilesh Yadav Meets Mulayam Singh Yadav, Sends Reconciliation Signals

Uttar Pradesh Chief Minister Akhilesh Yadav on Tuesday met his father and SP patriarch Mulayam Singh Yadav here, sending signals of a rapprochement between the bickering factions in the ruling party

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Mercedes Retains Top Slot Despite Marginal Fall In Sales

In spite of a marginal fall in sales due to ban on diesel vehicles for most of the year and demonetisation, world's largest luxury carmaker Mercedes could retain its foothold in domestic market for the second year in a row by selling over 13,000 units in 2016

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India At Exciting But Challenging Time, Says RBI's Viral Acharya

India, one of the world's fastest growing economies, is at an "exciting but challenging time" and has massive potential to become an "economic powerhouse", RBI's newly-appointed Deputy Governor and noted economist Viral Acharya has said

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Auto Sales At 16-year Low In December As Demonetisation Takes Toll

Monthly automobile sales growth rate in India slipped to a 16-year-low in December with total vehicle sales declining by 18.66 per cent as demonetisation hits the industry hard

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PM Modi Meets Global Leaders Ahead Of Vibrant Gujarat Summit

Prime Minister Narendra Modi on Tuesday held bilateral talks with several heads of state and ministers who have converged here for the Vibrant Gujarat Global Summit

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Tax Evasion Suspected In Rs 3-4 Lakh Crore Deposits Post Note Ban

As it analyses bank deposits post- demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1000 notes

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PropTiger-Housing.com Merge In All Stock Deal

The deal comes in less than a year after online classifieds firm Quikr had acquired Commonfloor, a company which has Tiger Global as investors.

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Yahoo To Be Named Altaba, Mayer To Leave Board After Verizon Deal

Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc

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Fresh Round Of Reshuffle At Flipkart

India's leading e-commerce company Flipkart shook up its top management for the second time in a year, naming a former executive of US hedge fund Tiger Global Management, one of its biggest investors, as head of its core business

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Sensex Opens In Green On Value-buying, Climbs 139 Points

The benchmark Sensex gained over 139 points in early trade on Tuesday, snapping its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues

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