Business

  • 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.

  • 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.

  • 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.

  • 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.

  • Ravi Shankar Prasad
    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.

  • PiyushGoyal
    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.

  • Gautam Adani
    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.

  • Forbes
    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.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    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.

  • Air India
    Mar 26, 2015 23:15 IST

    Air India turning punctual under aviation ministry scrutiny

    The aviation ministry’s close monitoring of Air India’s (AI) daily operations seems to be paying off as the airline’s on-time performance (OTP) showed dramatic improvement in February as compared to the previous months.

  • Ford Figo
    Mar 26, 2015 11:45 IST

    Ford aims to triple exports from India with $1 bn plant

    Ford Motor Company has invested $1 billion in a new plant in Gujrat which will help the automaker triple exports from India.

  • Supreme Court
    Mar 26, 2015 17:22 IST

    SC lifts stay, allows DoT to finalise spectrum auction results

    The Supreme Court on Thursday lifted its embargo and allowed the government to finalise the result of the just-concluded biggest and "fiercest" auction for telecom spectrum, fetching a whopping revenue of Rs 1.09 lakh crore.

  • Indian Rupee
    Mar 26, 2015 10:05 IST

    Rupee slips 34 paise vs US dollar as stocks decline

    Tracking steep losses in local stocks, the Indian rupee on Thursday slipped 34 paise -- its worst drop in two weeks -- to close at 62.67 against the US dollar amid month-end demand for the American currency.

  • Bharti Airtel logo
    Mar 26, 2015 13:24 IST

    Spectrum payment to push up telcos' debt to Rs 3.5 lakh crore

    Payment for spectrum won by companies in the auction concluded on Wednesday is expected to push up the debt on telecom operators to about Rs 3.5 lakh crore, leading to a significant rise in tariffs, says industry body Assocham.

  • A notice pasted outside a
    Mar 26, 2015 11:27 IST

    SBI to dilute stake in its general insurance venture to 49%

    State Bank of India (SBI) on Thursday said it will dilute its stake in its general insurance venture SBI General to 49% in favour of its foreign partner, with the enactment of insurance legislation.