S V Krishnamachari

Articles by S V Krishnamachari

S V Krishnamachari has about seven years of experience in journalism and has been writing on various topics such as politics, healthcare, business and legal affairs. At IB Times, he tracks stock, currency and bullion markets; covers developments at banks, financial institutions and mutual funds and occasionally writes on the intersection of politics and business.

Follow : @S V Krishnamachari Email : editor@ibtimes.co.in

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Reliance Industries, BP to invest Rs 40,000 crore in Indian offshore gasfields

Reliance Industries chairman Mukesh Ambani said that during a press conference with BP Plc's chief executive Bob Dudley on Thursday.

Jun 15, 2017

anil ambani, reliance communications, rcom share price, mukesh ambani brother anil, telecom war, reliance jio, bharti airtel

Mukesh Ambani's brother Anil Ambani won't take salary from Reliance Communications

Reliance Communications,headed by Anil Ambani, is bleeding, thanks to competition by brother Mukesh Ambani's Reliance Jio and others; so Anil won't take salary.

Jun 14, 2017

base metal prices, steel prices, china steel production, metal stocks, tata steel share price, vedanta share price, jsw steel price, korean peninsula crisis

Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

Though the RBI did not name the 12 defaulters, there is speculation that Essar Steel, Bhushan Steel and Lanco are top NPA accounts.

Jun 14, 2017

muhurat trading samvat 2073 bse nse sensex nifty gainers losers trading investors gold dhanteras diwali 2016 top gainers top losers top picks

ICICI Prudential Life, South Indian Bank, PNB Housing hit fresh 52-week highs

Select stocks are buzzing on the BSE, scaling new 52-week highs on Wednesday; these include ICICI Prudential Life, Bombay Burmah, PNB Housing Finance.

Jun 14, 2017

bangalore, bengaluru news, prostitution in india, massage parlours in bangalore, bangalore news, india it capital, crime in bangalore, duplicate clothes in india

Prostitution racket operating as massage parlour busted in Bengaluru; Nigerians held for drug peddling

In the past 15 days, Bengaluru has seen a spate of crimes being busted, ranging from prostitution and sale of fake branded clothes to drug peddling, tweets S Ravi, additional commissioner of police.

Jun 14, 2017

note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

7th Pay Commission: Decision unlikely today on hike in allowances for Central govt employees

The hike in salary component for Central government employees is as recommended by the 7th Pay Commission but the increase in allowances is getting dragged.

Jun 14, 2017

sadananda gowda, new gdp, old gdp, new gdp calculation, old gdp calculation, india gdp, modi govt

Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

Last month, the base year for calculating factory output (IIP) and wholesale price inflation was changed to 2011-12 from 2004-05; a similar exercise is planned for GDP, apart from a national fact sheet.

Jun 13, 2017

bse sensex, nse nifty, india, stock markets, asian paints, coal tragedy in jharkhand, coal mines in india

Infosys, TCS, Tata Steel make a comeback to mutual funds in May; IOC, Sun Pharma, Yes Bank top exits

Top stocks that mutual funds bought in May included ICICI Bank, HDFC Bank, Infosys, TCS and Tata Steel; major exits were Sun Pharma, IOC and Bharat Electronics.

Jun 13, 2017

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys refers to risk from 'activist shareholders' in US SEC filing, almost blames founders

In the past few months, founders/former top Infosys executives such as Narayana Murthy, Mohandas Pai and Balakrishnan have raised corporate governance issues.

Jun 13, 2017

tejas networks ipo, tejas network price band, tejas networks listing, tejas networks open close date

CDSL, Tejas Networks IPOs to hit markets; all you need to know

Tejas Networks is an optical and data networking products company while Central Depository Services (India) Limited (CSDL) offers demat and other services.

Jun 13, 2017

Wipro goes ex-bonus; Sensex, Nifty rally on positive inflation and factory output data

Retail inflation for May dropped to 2.18 percent while factory output (IIP) came in at 3.1 percent; Wipro goes ex-bonus from June 13 (due to 1:1 bonus ratio).

Jun 13, 2017

petrol, diesel, petrol price, diesel price, daily petrol price, daily diesel price, petrol pump, petrol dealers strike, ioc, hpcl, bpcl

Daily revision in petrol, diesel prices is neutral for consumers

Currently, five Indian cities are part of the project; from Friday (June 16), petrol and diesel prices will be revised on a daily basis across India.

Jun 12, 2017

indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

Foreign investors flock to India with billions of dollars

Debt and equity investments by foreign portfolio investors (FPIs) stood at $7.6 billion for April-May this year, as against $1.96 billion last year.

Jun 12, 2017

petrol prices, diesel prices, daily petrol price, daily diesel price, petroleum dealers strike

Infosys gains, Wipro goes ex-bonus from Tuesday, Biocon up on lower GST rate on insulin

In a regulatory filing with the US SEC, Wipro had said Donald Trump's policies could affect its business; Infosys trading higher, Biocon up on GST Council reducing tax rate for insulin.

Jun 12, 2017

hdfc bank share price, icici bank share price, axis bank share price, bank stocks, bse gainers, nifty gainers

HDFC Bank, ICICI Bank shares gain, Axis Bank falls in one month

Unlike HDFC Bank and ICICI Bank that declared robust Q4 results, Axis Bank reported a fall in net profit.

Jun 10, 2017

titan, tanishq, gst on gold, gold prices in india, titan share price, pc jeweller share price, tata group, market cap, tata steel share price, tcs share price

Titan's valuation rises Rs 4,600 cr on reasonable GST rate for gold

Titan, a Tata Group company, retails jewellery under Tanishq brand and gained from the GST Council fixing 3 percent tax rate on gold and other jewellery.

Jun 10, 2017

us economy, america, credit card repayment, credit card debt, new credit card debti, wallet hub report on credit card debt

Americans could end up with $1 trillion in credit card debt: WalletHub

With a projected $60 billion addition in new credit card debt this year, the overall money owed could cross $1 trillion, says WalletHub.

Jun 10, 2017

arun jaitley, jaitley to meet bankers on 12 june, psu banks npas, bad loans, npa ordinance, gst implementation, it minister to meet head honchos

Action-packed week ahead for India Inc; PSU bank chiefs to meet Arun Jaitley, IT honchos to hold talks with Ravi Shankar Prasad

Finance minister Arun Jaitley is scheduled to meet PSU bank chiefs on June 12 while IT minister Ravi Shankar Prasad is likely to hold talks with software firms on June 16 amid reports of layoffs, rumours of stake sale by Wipro and Infosys.

Jun 10, 2017

jlr sales may 2017, jaguar sales may 2017, land rover may 2017 sales, tata motors share price, motilal oswal on tata motors

Jaguar Land Rover volume sales rise in May; watch video of top 10 expensive cars

Jaguar Land Rover (JLR), the luxury vehicle arm of Tata Motors, sold 45,487 units in May; brokerage has a "buy" on the company.

Jun 10, 2017

India's foreign exchange reserves hit fresh high; list of top countries with high forex holdings

For the week ended June 2, India's foreign exchange reserves rose $2.4 billion, according to RBI data.

Jun 9, 2017

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Articles by S V Krishnamachari

Reliance Industries, BP to invest Rs 40,000 crore in Indian offshore gasfields

Mukesh Ambani's brother Anil Ambani won't take salary from Reliance Communications

Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

ICICI Prudential Life, South Indian Bank, PNB Housing hit fresh 52-week highs

Prostitution racket operating as massage parlour busted in Bengaluru; Nigerians held for drug peddling

7th Pay Commission: Decision unlikely today on hike in allowances for Central govt employees

Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

Infosys, TCS, Tata Steel make a comeback to mutual funds in May; IOC, Sun Pharma, Yes Bank top exits

Infosys refers to risk from 'activist shareholders' in US SEC filing, almost blames founders

CDSL, Tejas Networks IPOs to hit markets; all you need to know

Wipro goes ex-bonus; Sensex, Nifty rally on positive inflation and factory output data

Daily revision in petrol, diesel prices is neutral for consumers

Foreign investors flock to India with billions of dollars

Infosys gains, Wipro goes ex-bonus from Tuesday, Biocon up on lower GST rate on insulin

HDFC Bank, ICICI Bank shares gain, Axis Bank falls in one month

Titan's valuation rises Rs 4,600 cr on reasonable GST rate for gold

Americans could end up with $1 trillion in credit card debt: WalletHub

Action-packed week ahead for India Inc; PSU bank chiefs to meet Arun Jaitley, IT honchos to hold talks with Ravi Shankar Prasad

Jaguar Land Rover volume sales rise in May; watch video of top 10 expensive cars

India's foreign exchange reserves hit fresh high; list of top countries with high forex holdings

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'