Business

  • Tim Cook
    Mar 27, 2015 23:24 IST

    Apple CEO Tim Cook to give away all his money to charity

    Apple chief executive Tim Cook plans to give away all his wealth to charity, after setting an amount aside for his 10-year-old nephew’s college education, which can be a fortune in itself at current rates.

  • Cairn India
    Mar 27, 2015 22:53 IST

    Vedanta sues India on Cairn tax demand

    Energy giant Vedanta Resources plc on Friday filed a notice of claim against the government’s move to impose Rs 20,497 crore in taxes and penalties on its subsidiary, Cairn India.

  • Arun Jaitley
    Mar 27, 2015 23:15 IST

    Use cheques, cards to curb black money, says Arun Jaitley

    Finance minister Arun Jaitley on Friday said India needs to increase the use of cheques and “plastic currency” to clamp down the menace of black money.

  • Bombay Stock Exchange
    Mar 27, 2015 23:01 IST

    Global financial centre hopes ride on tax incentives, infra facilities

    The government may be going all out to promote Gujarat International Finance Tec-city (GIFT) as a financial services hub on the lines of Singapore, Hong Kong, Dubai and London, but an immediate migration of business — initially estimated to be $50 billion annually — away from these established centres would hinge on clear tax incentives, world-class facilities and sharp prospects of growing trade potential.

  • Asian Infrastructure Investment Bank
    Mar 27, 2015 23:02 IST

    US stands alone, allies line up to join China-led Asian bank

    The US resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies, and given some heft to China’s frequent complaints that Washington wants to contain its rise as a world power.

  • pic 1
    Mar 27, 2015 13:29 IST

    IndiGo heads towards $400 million IPO as air travel booms

    India's biggest carrier, IndiGo, is preparing to file documents for a stock listing to raise $300 to $400 million, two sources with knowledge of the plans said, as it looks to cash in on a booming air travel market.

  • Budget, oil, petroleum
    Mar 27, 2015 15:36 IST

    Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

    Government is likely to exempt oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter ending March 31, a senior Petroleum Ministry official said on Friday.

  • Bombay stock exchange
    Mar 27, 2015 11:08 IST

    Sensex breaks 7-day losing trend, but volatility continues

    The benchmark BSE Sensex on Friday ended at 27,458.64, up by a marginal 1.06 points to technically snap the seven-session losing streak in a highly volatile trade amid continuing geo-political tensions.

  • 2013 Acura MDX SUV photo gallery
    Mar 27, 2015 14:30 IST

    Honda to invest $154 million to expand India motorcycle, car output

    Honda Motor Company Ltd said on Friday that it would invest 9.65 billion rupees ($154 million) to expand its motorcycle and automobile production in India, targeting growing demand in Asia's third-largest economy.

  • Indian Rupee
    Mar 27, 2015 10:37 IST

    Rupee rebounds 26 paise against dollar, snaps 2-day losses

    Snapping its two-day losing streak, the rupee today recovered 26 paise to end at 62.41 against the American currency on fresh selling of dollars by banks and exporters amid weakness in the greenback overseas.

  • Uttarakhand governor Aziz Qureshi
    Mar 26, 2015 23:09 IST

    Spectrum bids not to hit mobile tariffs: Ravi Shankar Prasad

    Pricey spectrum bids won’t cause mobile tariffs to shoot up, union communications minister Ravi Shankar Prasad said in the wake of the announcement that the government would earn Rs 28,872 crore up front out of the total commitment of Rs 1.1 lakh crore made during the auction.

  • Ravi Shankar Prasad
    Mar 26, 2015 22:44 IST

    Piyush Goyal defends cancelling of coal blocks in auction

    Reiterating the government’s promise to bring in transparency in coal auctions, minister for power, coal and renewable energy Piyush Goyal strongly defended his ministry’s decision to cancel the four coal blocks for low bids.

  • Mar 26, 2015 14:38 IST

    Indigenous traditional owners reject Adani's land deal in Australia

    Indigenous traditional owners of the lands have rejected Indian mining giant Adani's 16.5 billion dollar mine, rail and port projects in Australia's coal-rich Queensland state, in what is being described as the biggest case in recent history involving native title law.

  • Gautam Adani
    Mar 26, 2015 23:03 IST

    11 Indian-Americans in Forbes’s list of top venture capitalists

    There are 11 Indian-Americans in the Forbes’s list of top venture capitalists — people who put their money on a good idea, see it become a business and stay or cash out when the time is ripe.

  • Forbes
    Mar 26, 2015 22:52 IST

    PMO seeks panel to tackle rising cases of bad loans, bank frauds

    Upping the ante against burgeoning non-performing assets (NPAs) of public sector banks and rising cases of frauds, the Prime Minister’s Office has asked for the setting up of a high-level committee to work on a long-term solution for designing a focussed anti-fraud strategy.