Business

Telecom operators levy interconnection charge (IUC) on incoming calls from the network of other operator. These charges are passed on to mobile subscribers by service providers.

Infosys, the second-largest IT exporter in the country, reported 1.3 per cent growth in consolidated net profit at Rs 3,483 crore for the quarter ended June 30, 2017.

The 30-share index zoomed 215.60 points, or 0.67 percent, to hit a new peak of 32,020.42, surpassing the previous intra-day record of 31,885.11 reached on July 11.

Apart from selling by exporters and banks, weakness in the dollar against other currencies overseas made the rupee stronger.

IB said even US and Canada have permitted foreign entities to have only up to 25 per cent stake in their respective domestic carriers

In the wake of a major technical glitch at NSE on Monday, the Securities and Exchange Board of India (SEBI) wants a special review of exchanges' trading systems, back-up arrangements and disaster recovery plans, including handling sudden surge in volumes.

In such cases, where the underlying derivatives position are not for purpose of hedging the equity shares, the issuing FPI (Foreign Portfolio Investor) has to liquidate such ODIs latest by the date of maturity or by December 31, 2020, whichever is earlier...

The rupee today weakened 10 paise to 64.68 against the dollar in early session as demand for the American unit from importers and banks picked up.

With the Goods and Services Tax (GST) just a few hours away from its midnight launch, start-ups and MSMEs (micro, small and medium enterprises) are burning midnight oil to prepare for the new tax regime. While some are prepared, others are grappling with...

Markets managed to apply brakes on their early losses on Friday, but the Sensex and the Nifty still moved in the red as investors braced for the final countdown to the GST launch.

Intense competition and pricing pressure will continue to take a toll on the telecom sector with industry revenue expected to plunge by another 6 percent during the current financial year, according to ICRA.

IndiGo has expressed interest in buying stake in national carrier Air India. “We received unsolicited expression of interest from IndiGo on Air India,” said Civil Aviation Secretary RN Choubey.

The chairman of the Mahindra Group on Wednesday resorted to humour when asked about whether the company interest in buying the beleaguered Air India.

Bank credit in India has grown exponentially in the past 25 years with total outstanding credit rising to Rs 68,78,500 crore from Rs 1,04,300 crore between 1990 and 2015, according to the Reserve Bank of India's (RBI) latest state-wise credit data.

Infosys CEO Vishal Sikka on Saturday said Prime Minister Narendra Modi would convey the contribution made by Indian IT companies towards the US economy during his deliberations with President Donald Trump.

Jaitley, addressing a news conference, said there would be initial challenges after launching the tax, which will require all but the smallest businesses to file three detailed returns online every month.