Business, 28th Aug 2017, News & Stories from India

Wednesday, Jun 26, 2024 | Last Update : 05:54 PM IST

Business 28 Aug 2017

Business, 28 Aug 2017 Page-2

The deadline for Aadhaar-PAN linkage is August 31.

Aadhaar-PAN linking: Aug 31 last date unlikely to be extended

Govt awaits clarity on Aadhaar Act from Supreme Court that has declared privacy as fundamental right.

28 Aug 2017 2:11 PM

DIPP releases next edition of consolidated FDI policy

Foreign investments are considered crucial for India which needs around USD 1 trillion for overhauling its infrastructure sector.

28 Aug 2017 1:59 PM

Poor corporate governance has been a structural credit weakness at public-sector banks. (Photo: PTI/File)

'Sans fund infusion, PSB mergers won't improve capitalisation'

Govt owns majority stakes in 21 banks and merger of some of them is being considered for broader economic revival.

28 Aug 2017 1:46 PM

Nandan Nilekani has been appointed as the Chairman of Infosys. (Photo: PTI)

Infosys shares rise nearly 5 per cent on Nilekani appointment

At NSE shares of the company went up by 4.58 per cent to Rs 953.95.

28 Aug 2017 1:34 PM

The two companies did not give the revenue projection for business they will target in the coming years through the alliance.

Airtel, Symantec ally for cyber security solutions

As per the agreement Airtel will be exclusive cyber security services partner for Symantec in India.

28 Aug 2017 1:23 PM

The 6.6 per cent growth forecast is down from 6.9 per cent expected in a survey taken in July.

India's GDP growth seen picking up to 6.6 per cent but GST fogs outlook

RBI earlier this month became the first major central bank in Asia to cut interest rates this year.

28 Aug 2017 12:59 PM

Chairman and founder of Adani group Gautam Adani.

Adani says to start Australian coal mine with own funds

Project relies on a A$900 million concessional loan to help Adani build a rail line linking the mine with a shipping port.

28 Aug 2017 12:50 PM

Economic Affairs Secretary Subhash Chandra Garg. Photo: PTI

Stick to ethics in algo trading: Economic Affairs Secy to traders, exchanges

Institutional investors use algorithms in trading leaving retail investors at a disadvantage.

28 Aug 2017 12:41 PM

Nandan Nilekani has come back to board to steer Infosys out of mess. (Photo: PTI)

Infosys shares surge 5 per cent on Nandan Nilekani's return

Analysts said Nilekani’s return would provide some much needed stability to India’s No.2 IT services exporter.

28 Aug 2017 11:42 AM

Gold prices rose by Rs 39 to Rs 29,206 per 10 grams in futures trade on Monday. Photo: PTI

Gold prices climb up by Rs 39 to Rs 29,206

Globally, gold surged 0.23 per cent to USD 1,293.80 an ounce in Singapore.

28 Aug 2017 11:23 AM

UIDAI on Sunday asserted that Aadhaar system has stringent security features to prevent any unauthorised capture or transmission of data. Photo: PTI

WikiLeaks' claim of Aadhaar data theft by CIA 'false and baseless': UIDAI

WikiLeaks had earlier hinted that CIA had allegedly accessed the Aadhaar database.

28 Aug 2017 11:14 AM

DLF on Sunday said it expects an infusion of Rs 13,000 crore into the company post its deal with GIC. Photo: PTI

DLF expects Rs 13,000 crore infusion post GIC deal

DLF expects over Rs 10,000 crore from promoters and another Rs 3,000 crore from institutional investors, according to sources.

28 Aug 2017 10:52 AM

Sensex had gained 337.21 points in previous three sessions. (Photo: PTI)

Sensex up 179 points at 31,775.06; Nifty above 9,900

Sectoral Indices of IT, tech, power, realty, healthcare and banking rose by up to 1.60 per cent.

28 Aug 2017 10:38 AM

Dollar's weakness against some currencies overseas gave local unit some lift. (Photo: File)

Rupee climbs 17 paise at 63.87 against US dollar

Selling of US currency by exporters and banks higher opening in equities helped rupee gain.

28 Aug 2017 10:34 AM

Vodafone CEO Vittorio Colao expressed concern over a possible cut in mobile termination charges.

Regulation should not be based on ambition of new players like Jio: Vodafone

Vodafone CEO Vittorio Colao wrote to Union Telecom Minister Manoj Sinha expressing concern over a possible cut in MTC.

28 Aug 2017 10:26 AM

RBI plans to re-introduce Rs 1,000 notes: reports

Rs 1,000 and Rs 500 notes were scrapped in November 2016 in a bid to curb black money and counterfeit notes.

28 Aug 2017 10:05 AM

Expedia chief Dara Khosrowshahi will step in as the new CEO of Uber, Photo: www.expediainc.com

Uber appoints Expedia chief Dara Khosrowshahi as CEO

Uber has been without a boss since June when Travis Kalanick resigned, yielding to pressure from investors.

28 Aug 2017 9:29 AM

Union Finance Minister Arun Jaitley (Photo: PTI)

JAM trinity close to reach 100 crore people, says FM

That is 1 billion unique Aadhaar numbers linked to 1 billion bank accounts and 1 billion mobile phones.

28 Aug 2017 3:50 AM

According to market participants, the equity markets witnessed a steep rally following a gush of both domestic as well as offshore liquidity because of which corporate fundamentals failed to keep pace with equity valuations.

Slow growth forces foreign investors click sell button

While the 30-share Sensex hit a record high of 32,686.48 on August 2, the broader 50-share Nifty hit its all time high of 10,136.30 on the same day.

28 Aug 2017 3:43 AM

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Anita Anand