Moody's slashed its credit rating for Greece to a deep-junk "Caa3" Wednesday, warning it is now less likely that official creditors will support the country, whatever happens in Sunday's referendum.
The dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of US data that could back expectations for the Federal Reserve to lift interest rates sooner.
From increasing cruise speed to renegotiating costly maintenance and engineering contracts, it has taken the Ajay Singh-promoted SpiceJet some smart strategising to turnaround its loss-making fleet of Q400 small jets into a profitable one.
Corporate heads lauded the government’s critical role in a digital world at the launch of the Digital India Week.
Ratan Tata, who was the chairman of salt-to-software Tata Sons for more than two decades, has previously invested in start-ups ranging from online retailer Snapdeal to Chinese phone maker Xiaomi.
Julie Hamp, senior-most female executive of Toyota, has quit after her arrest in Japan on suspicion of drug law violations, the automaker said on Wednesday.
Elderly Greeks thronged banks for hours from before dawn Wednesday, struggling to be allowed to withdraw their maximum of 120 euros ($134) for the week, after Greece reopened some banks to help pensioners who don't have bank cards.
A court on Wednesday rejected a US hedge fund's bid to block a shareholder vote on the planned $8 billion merger of two Samsung Group companies seen as a key step in the leadership succession at South Korea's biggest family-run conglomerate.
The enfant terrible of startups, Rahul Yadav dropped out of IIT, Mumbai in his final year in 2011. His brash confrontation in quitting as Housing.com CEO in an angry, publicised mail is now part of startup folklore.
A uniform nationwide goods and services tax, the country’s most ambitious economic reform in the making, is staring at fresh hurdles as the Congress has demanded more changes that run contrary to its earlier stance.
Armed with data on real estate market rates across the country, the income tax department is keeping an eagle eye on property transactions, one of the biggest sources of black money in India.
Asian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF.
The benchmark Sensex jumped over 90 points in early trade on Wednesday, extending Tuesday's gains, on the back of increased buying by participants as the country's infrastructure growth hit a 6-month high in May.
The rupee ended marginally higher by three paise to 63.61 against the American currency on mild selling of dollars by banks and exporters on hopes of foreign capital inflows into equities.
Eurozone finance ministers were set to weigh Greece's latest proposal for aid on Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be able to remain in the eurozone.