Business

Fitch Ratings said on Wednesday it has placed the credit rating of Tata Motors on negative watch, stating increasing risks for its British luxury car unit - Jaguar Land Rover (JLR) - over a potentially chaotic Brexit.

This comes after the

Gains were led by buying in IT and media stocks

About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December.

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Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates. With effect from February 1, 2019, PNB has added three new maturity periods  - 111 days, 222 days and 333 days, according to the public sector lender's website, pnbindia.in. For 111 days, the bank is

The Reserve Bank of India (RBI) has imposed separate monetary penalties on three lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in complying with different regulatory norms.

The central bank imposed a penalty of Rs 2

Steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said.

Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which

Drugmaker Lupin Ltd posted a surprise third-quarter loss on Wednesday, due to a one-off charge in the quarter.

The company reported a net loss of 152 crore rupees ($21.2 million), compared to a profit of 222 crore rupees in the same quarter last year, the company said.

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In order to meet additional expenses, the government has decided to raise additional Rs 36,000 crore through dated securities taking the total borrowing through the instrument to Rs 96,000 crore in the remaining period of the current fiscal

State-owned refiner Hindustan Petroleum Corp (HPCL) on Tuesday posted an 87.3 per cent slump in third-quarter profit, dented by higher expenses.

Net profit came in at Rs 248 crore ($34.65 million) compared with a profit of Rs 1,950 crore last year, the firm said. 

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Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution -- just the latest cautionary tale in the unregulated world of cryptocurrencies.

The online startup can't retrieve about $145 million (C$190 million) in Bitcoin, Litecoin, Ether and other digital tokens held for

Wall Street rose on Tuesday boosted by consumer discretionary and technology companies amid peak earnings, which have largely been positive so far, while investors wait for President Donald Trump's State of the Union address.

The S-P 500 is eyeing its fifth straight session of gains after a recent dovish stance from the Federal Reserve and on

A fresh notification which will be the final solution to the menace of angel tax can be expected within the next five days, Department for Promotion of Industry and Internal Trade Secretary Ramesh Abhishek has assured investors and start-up founders.

While the government has ruled out striking down the angel tax law, on the pretext that money

Foreigners were net buyers of Asian shares in January, data from seven exchanges showed, on hopes the US Federal Reserve would go slow with its monetary tightening measures this year and the trade talks would unwind some tariffs, bolstering world

SBI or State Bank of India, the country's largest lender, offers the option of opening a flexi deposit account, which is similar to a recurring deposit (RD) account. However, in case of a flexi deposit, instead of a single fixed instalment every month, one

The Indian government expects the central bank to pay a dividend of Rs 69,000 crore in the next financial year beginning April 2019, a senior finance ministry source, who requested anonymity, told reporters on Tuesday.

Piyush Goyal, India's interim finance minister, in his annual budget for 2019-20 tabled in parliament last week, estimated to get

Passenger carrier IndiGo is offering domestic flight tickets at a starting all-inclusive price of Rs 899 in a special promotional sale offer. The booking period of IndiGo's flight ticket offer ends on February 9, 2018, said the airline on its official

Apple Inc. investors are likely looking for the company to use its massive cash pile to make acquisitions, and names like Netflix Inc., Activision Blizzard Inc. and Sonos Inc. are among the companies that JPMorgan sees as strong strategic fits.

Shares of Apple have lost nearly 30 percent from an October record, dropping on concerns over the demand

The S-P BSE Sensex and the NSE Nifty 50 Index rose for fourth session in a row but capped gains as investors turned cautious ahead of Reserve Bank of India's three-day policy meet. Upside in equity markets was capped as gains in HDFC Bank, IndusInd Bank and Maruti Suzuki were offset by losses in ITC, ONGC, ICICI Bank and Tata Motors. The

Tech Mahindra shares surged as much as 6.66 per cent to a fresh 52-week high of Rs 800 after its quarterly profit beat analysts' estimates. Tech Mahindra's net profit rose 13 per cent in the quarter ended December 31, 2018 as against Rs 1,064.3 crore in the previous quarter. Analysts had on an average expected the net profit at Rs 1,103 crore,

World stocks extended their white-hot start to the year on Tuesday, while the dollar was straining for a fourth day of gains as traders awaited U.S. President Donald Trump's State of the Union address.

The U.S. Federal Reserve's recent caution continued to feed risk appetite but there were a number of idiosyncratic factors marching markets higher.

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Debt-laden Reliance Communications Ltd (RCom) plunged by more than half to its record low in early trade on Monday, after the company said it will seek a fast-track resolution through the bankruptcy court, National Company Law Tribunal, to resolve its

Rupee vs dollar: Analysts will watch the outcome of the RBI's sixth bi-monthly policy closely

Snapping its two-day losing streak, the rupee ticked higher by 23 paise to close at 71.57 per US dollar on Tuesday amid fresh foreign fund inflows and gains in domestic equities.

Forex dealers said investors were cautious ahead RBI's Monetary Policy Committee outcome scheduled for February 7.

"Rupee is consolidating in the range, as most of the

Domestic stock markets started Monday's session on a weak note, with the Sensex falling nearly 200 points. The opening of the markets on Monday marked the first since presentation of the Interim Budget 2019-20 in Parliament last week. In early trade, the Sensex shed as

The rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but is unlikely to retest life-time lows, a Reuters poll showed.

After reversing some of the deep losses in the final few months of 2018, the

Banks may have to provide an additional up to Rs 40,000 crore ($5.59 billion) towards loans, which could potentially turn sour between October 2018 and September 2020, according to India Ratings - Research, the domestic arm of Fitch Ratings.

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Domestic stock markets are likely to open lower with the SGX Nifty on the Singapore Exchange trading 0.3 per cent lower. The SGX Nifty - an early indicator of the National Stock Exchange Nifty in India - was last seen trading 36.5 points lower at 10,875 on the

Software services exporter Tech Mahindra posted on Tuesday a better-than-expected third-quarter net profit, boosted by robust growth in its IT business.

Net profit came in at 1,203 crore rupees ($167.71 million), in the three months ended December 31, compared with 943 crore rupees a year earlier, the company said.

Analysts on average had expected a

Amazon.com Inc's grocery service is slowly returning on its India website after the online retail giant faced disruption from revised e-commerce curbs which kicked in on Feb. 1.

New federal rules, which bar companies from selling products via vendors in which they have an equity interest, forced Amazon India to remove hundreds of thousands of

The Securities and Exchange Board of India (Sebi) is a capital markets regulator