E-commerce giant Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday.
Gold steadied not far above a 5-1/2-year low on Monday, struggling to scale higher at the start of the month after its deepest loss in two years in July, as expectations for a near-term hike in US interest rates kept sellers nearby.
India's fourth-largest software services firm HCL Technologies reported a 2.8% decline in its consolidated net profit on Monday, amounting to Rs 1,783 crore for the fourth quarter.
The benchmark BSE Sensex rose over 86 points to 28,291.48 in early trade on Monday following sustained buying by funds and investors after major automobile manufacturers reported a healthy sales growth in July even as other Asian markets turned weak in their opening trade.
Now, all you need is to swipe your phone to get the best foreign exchange rate in town! And, if that is not enough get it delivered at your door step, too. Thanks to a new smartphone app for forex introduced by the country’s first foreign exchange aggregator, FXKart.
The rupee recovered 17 paise at 63.96 against the dollar in early trade on Monday, snapping its two-day losing run, on fresh selling of the US currency by exporters amid fall in global crude prices.
Home loan borrowers, companies, policy makers and the market analysts all have one question in mind: Will the Reserve Bank of India (RBI) governor Raghuram Rajan cut lending rates in the monetary policy review on Tuesday?
The role of independent directors would be crucial in cases where chairperons of companies seek extension after attaining the age of 70 years.
In a new twist to the controversial proposal to strip the Reserve Bank of India governor of his veto power in interest rate decisions, an FSLRC member has said the draft bill does not reflect the views of the panel.
The internet aided by e-commerce is helping boost the income of Chinese farmers and tranforming the backward agricultural sector into a lucrative modern industry.
With the Maggi ban hitting sales of the company's other products, Nestle India's new managing director Suresh Narayanan on Saturday said bringing the instant noodles brand back to the market is his top priority as he sought to strike a conciliatory note with authorities.
Ved Prakash Mahawar took over as the director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC) on Saturday.
Gold prices rebounded smartly at the bullion market in Mumbai on Friday following good buying by stockists as well as local consumers amid bullish global cues.
Country's largest carmaker Maruti Suzuki India (MSI) on Saturday reported 20.1% rise in total sales in July at 1,21,712 units. It had clocked sales of 1,01,380 cars in July 2014.
Government-run oil marketing companies reduced on Friday the retail prices of petrol and diesel by Rs. 2.43 per litre and Rs. 3.60 per litre, respectively.