Business

  • SEBI
    Jul 28, 2015 20:08 IST

    Sebi cancels registration of Sahara mutual fund

    In a fresh crackdown, Sebi on Tuesday cancelled the registration of Sahara Mutual Fund saying it was no longer 'fit and proper' to carry out this business and ordered transfer of its operations to another fund house.

  • Hyundai cars to ditch cigarette lighter socket
    Jul 28, 2015 19:36 IST

    CCI fines Hyundai Rs 420 cr for restricting spare parts sale

    Coming down hard on carmakers found to be restricting sale of spare parts in the open market, fair trade regulator CCI on Tuesday imposed a penalty of Rs 420.26 crore on Hyundai Motor India and asked two others, Reva and Premier, to 'cease and desist' from anti-competitive practices.

  • China, China stock markets
    Jul 28, 2015 17:54 IST

    What does stock market tumble mean for China and rest of world?

    China's stock market tumbled this week despite a massive government intervention aimed at halting a slide in prices that began last month following an explosive rise. On Monday, the Shanghai Composite Index suffered its biggest daily fall since 2007. Here's what the sell-off means for the Chinese economy and other countries.

  • SpiceJet
    Jul 28, 2015 18:03 IST

    SpiceJet posts Rs 72 crore quarterly profit on lower expenses

    SpiceJet on Tuesday posted its second straight quarterly profit at Rs 71.8 crore in the three months that ended in June, helped by a steep 42% reduction in costs and higher seat occupancy.

  • The Volkswagen Passat BlueMotion
    Jul 28, 2015 14:52 IST

    Volkswagen beats Toyota in world's biggest automaker race

    Camry and Prius maker Toyota broke GM's decades-long reign as the world's top automaker in 2008 but lost the crown three years later as Japan's 2011 earthquake-tsunami disaster hammered production and disrupted the supply chains of the country's automakers.

  • Maruti Suzuki Celerio diesel
    Jul 28, 2015 14:25 IST

    Maruti Suzuki Q1 net-surges 56% to Rs 1,193cr

    India's largest car-maker Maruti Suzuki India on Tuesday posted 56.49% increase in its standalone net profit at Rs 1,192.92 crore in the first quarter riding on high volumes, favourable foreign exchange and cost reduction efforts.

  • Sensex
    Jul 28, 2015 10:51 IST

    Sensex sheds 102 points, down for 4th consecutive day

    The benchmark BSE Sensex fell for the fourth straight session on Tuesday by 102.15 points to 27,459.23 as realty and auto shares dropped on receding hopes of a rate cut by the Reserve Bank and mixed bag of corporate earnings.

  • Rupee
    Jul 28, 2015 10:48 IST

    Rupee jumps 25 paise at 63.91 against US dollar

    Snapping its 4-day losing streak, the rupee rose by 25 paise at 63.91 against the US dollar on fresh selling of the American currency by banks and exporters amidst renewed foreign capital outflows.

  • body clock
    Jul 28, 2015 04:41 IST

    Greek crisis: A new avenue for Indian drug exports

    Debt-ridden Greece and the global pharmaceutical industry are not getting along well. The Greek government has recently accused more than 50 pharmaceutical firms, globally, of cutting off supplies of key drugs.

  • RS Sharma
    Jul 28, 2015 03:17 IST

    IT secretary RS Sharma appointed Trai chairman

    Secretary, department of electronics and information technology RS Sharma was on Monday appointed chairman of the Telecom Regulatory Authority of India (Trai).

  • A petrol-pump employee filling fuel
    Jul 28, 2015 03:09 IST

    Petrol and diesel prices may come down from August 1

    Consumers can expect a reduction in petrol and diesel prices on August 1 when oil marketing companies review rates, thanks to falling global prices.

  • Indian Rupee
    Jul 28, 2015 02:56 IST

    Retail loans: Banks look to catch young customers

    Shweta Reddy, 31, working with a startup in the Delhi, recently bought a house In Dwarka. Reddy has taken a 20-year home loan at an EMI (equated monthly instalment) of Rs 65,000.

  • Gold jewellery
    Jul 27, 2015 18:38 IST

    Jeweller Rajesh Exports buys refiner Valcambi for Rs 2,560cr

    Jeweller Rajesh Exports Ltd is ready to buy Swiss company Valcambi, the world's largest gold refiner, for $400 million (about Rs 2,560 crore) to secure raw material supplies at lower prices and add technological expertise to expand operations at home.

  • Bombay Stock Exchange
    Jul 27, 2015 10:38 IST

    Sensex falls 551 points on P-Note concerns, at over 5-week low

    Market again took a beating on Monday, with the benchmark BSE Sensex crashing over 551 points to 27,561.38, its weakest closing in over five weeks, on concerns that stricter norms for participatory notes may hit foreign investments and a major slump in Chinese stocks.

  • Gold illustration
    Jul 27, 2015 15:27 IST

    Gold rises above 66-month low as dollar sags

    Bullion lost more than 3% last week after a rout on Monday accompanied by big volume in New York and Shanghai that sparked more sell-offs and pulled the price as low as $1,077 on Friday, its cheapest since February 2010.