Business

  • Indian Rupee
    Jul 07, 2015 09:35 IST

    Rupee gains 8 paise against dollar in early trade

    Rising for the sixth straight day, the rupee strengthened by 8 paise to 63.32 against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks.

  •  Mukesh Ambani
    Jul 06, 2015 20:02 IST

    RIL to offload 3.1% bringing down stake in Network18 to 75%

    Reliance Industries will offload 3.10% bringing down the stake in shareholding media and entertainment firm Network18 Media to 75%.

  • Wall Street, Stocks, Federal Reserve
    Jul 07, 2015 00:19 IST

    Don’t worry about Greece, it’s a good time to buy stocks

    The Greek referendum has gone against the austerity measures imposed by creditors, putting the euro zone in a new predicament. Chances are high that Greece may exit from the euro if a new deal is not put in place quickly, to fund the country’s banks.

  • A notice pasted outside a
    Jul 07, 2015 00:38 IST

    New board to review public sector banks, recommend mergers

    The proposal to consolidate state-owned banks is back on the drawing board. This will be undertaken by the public sector bank board, which will be set up in the next few months.

  • Gold, assets
    Jul 07, 2015 00:35 IST

    No immunity if you are already under tax probe

    Already facing a government intimation to declare your assets parked abroad then do not feel lucky with the new compliance window law! This is what the Income-Tax department clarified in the detailed frequently asked questions, notified by the finance ministry on Monday.

  • Uber has partnered with Carnegie Mellon University
    Jul 06, 2015 18:50 IST

    Uber to set up biggest global office for $50 million in Hyderabad

    Uber, the app-based taxi hailing service expanded to seven Indian cities, making it the largest geographical market outside the US.

  • A vendor in Beijing, China.
    Jul 06, 2015 20:49 IST

    China's plunging stock market: A hit on Twitter for wrong reasons

    On Sunday, Chinese authorities arrested a man for claiming on social media that some people in Beijing jumped off buildings, bruised by a massive stock market crash.

  • Employees' Provident Fund Organisation. HT Photo
    Jul 07, 2015 00:24 IST

    PF withdrawal may be capped at 75% to check 'misutilisation'

    The Employees’ Provident Fund Organisation (EPFO) is planning to limit PF withdrawals to 75% to check “misutilisation” of the fund and ensure its availability as a post-retirement security in old age. Sources said the cap may be further reduced to 50% in the future with limits on the number of withdrawals as well.

  • Bombay stock exchange
    Jul 06, 2015 09:56 IST

    Sensex up 116 pts, closes at 28,208.76, Nifty reclaims 8,500-mark

    The benchmark Sensex closed at 28,208.76 after it bounced back 115.97 points on late buying in some blue chips, led by healthcare, oil and gas, realty and FMCG sector stocks.

  • Indian Rupee
    Jul 06, 2015 10:32 IST

    Reference rate for rupee fixed at 63.5785 against dollar

    The rupee on Monday declined by 18 paise to 63.62 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to dollar's gain against other currencies overseas.

  • 3
    Jul 06, 2015 10:44 IST

    Ratan Tata 2.0: Start-up mentor and angel investor

    Last week, when Ratan Tata flagged off a joint initiative with Google and Intel and Tata Trusts to increase Internet usage for rural women, the 77-year old Tata Sons chairman emeritus had added yet another achievement to his list of accomplishments, since he

  • IndiGo Airlines
    Jul 05, 2015 23:15 IST

    To stop exodus, IndiGo offers Rs 1 lakh per month hike to pilots

    Amid increased attempts by Gulf carriers to poach highly-skilled commanders from India, the country’s biggest airline by market share, IndiGo, has given a salary hike of up to 13% to its pilots.

  •  Mukesh Ambani
    Jul 05, 2015 17:56 IST

    Ambani gets 205-times of median pay, ITC's Deveshwar 439-times

    Industrialist and India's richest businessman Mukesh Ambani has not taken a pay hike for seven years but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).

  • Smartphone
    Jul 05, 2015 23:20 IST

    Telecom panel okay with Airtel Zero, not Facebook’s Internet.org

    A panel of the telecommunication department on net neutrality is learnt to have opposed projects such as Facebook’s Internet.org, which allow access to certain websites without mobile data charges, while suggesting that similar plans like Airtel Zero be allowed with prior clearance from the telecom regulator.

  • Coal mines
    Jul 05, 2015 23:40 IST

    Group company rules for coal auctions to be tightened

    With the intent to try and prevent any chance of cartelisation or collusion among bidders during the forthcoming round of captive coal block auctions in August, the government is mulling tightening the definition of what constitutes a group company.