India Finance and Business news

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Jio's winding up of freebies lifts RIL shares to 8-year high: Next 30 days crucial, say brokers
Economic Times NEW DELHI: Shares of Reliance Industries (RIL) shot up 5 per cent in Wednesday's trade to hit a level last touched in June 2009. The stock logged the gains after the company said it would start charging for its 4G services from April 1, 2017. Reliance... ---

Banks may have to take larger haircuts on bad loans: V Acharya
Banks may have to take larger haircuts on bad loans: V Acharya In his maiden speech after becoming RBI Deputy Governor, Viral Acharya yesterday said banks might have to take larger hair cuts than what they ask for.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

Here's how much you will save on buying a house under Pradhan Mantri Awas Yojana
Here's how much you will save on buying a house under Pradhan Mantri Awas YojanaUsing the loan's amortisation schedule, the NPV of the interest subsidy is first calculated at a 9% discount rate and then credited upfront to the loan.

Bharat Electronics falls; govt to sell 5 pct stake
Shares of Bharat Electronics Ltd fall as much as 3.2 pct to 1,510 rupees.India govt to sell 5 pct stake in co starting on Wednesday.Sets floor price at 1,498 rupees per share, a discount of about 4 pct to Bharat Electronics' closing price on Tuesday.Up to Tuesday's close, stock had gained about 13.5 pct this year.

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.