• Aug 31, 2015 19:04 IST

    Petrol price cut by Rs 2 per litre, diesel by 50 paise

    Petrol price was cut by Rs 2 per litre and diesel by 50 paise on Monday evening, the third reduction in rates this month following global cues.

  • Indian economy
    Aug 31, 2015 17:55 IST

    GDP growth slows to 7% in April-June quarter

    India's economic growth slowed to 7% in the three months through June from 7.5% in the previous quarter, government data showed on Monday.

  • Arun Jaitley
    Aug 31, 2015 23:45 IST

    I hope RBI takes into account low inflation: Arun Jaitley

    Pushing for an interest rate cut, Finance Minister Arun Jaitley said on Monday that inflation is under control and that oil and commodity prices are also low, while expressing hope that the Reserve Bank of India (RBI) would consider all of these factors in its monetary policy review.

  • RBI
    Aug 31, 2015 23:44 IST

    SBI, ICICI Bank are ‘too big to fail’, says RBI

    The Reserve Bank of India on Monday listed India’s largest lender State Bank of India and ICICI Bank, the country’s largest private sector bank, as India’s two domestic systemically important banks (D-SIBs).

  • Another Gurgaon in the making?
    Aug 31, 2015 18:07 IST

    Infrastructure sector growth slows to 1.1% in July

    Infrastructure sector growth slowed to 3-month low of 1.1% in July as output of crude oil, natural gas and steel contracted, making a case for a further rate cut by the Reserve Bank.

  • Algo trading, depressed trader, sad trader
    Aug 31, 2015 19:03 IST

    Asia stocks suffer fresh losses, further volatility expected

    Chinese stocks sank again on Monday, dragging most other Asian bourses lower amid uncertainty over US interest rates, reviving fears of a broader global economic slowdown that has rocked the world's financial markets.

  • Ratan Tata
    Aug 31, 2015 20:13 IST

    Ratan Tata invests in Infinite Analytics

    Chairman emeritus of Tata Sons, Ratan Tata, has invested in Infinite Analytics, a predictive technology firm. He has been aggressively investing in startups, ranging from eCommerce firms to cab aggregators, like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Xiaomi and Ola.

  • Economy, Power plant, Industry, Industrialisation, Environment, Air pollution,
    Aug 31, 2015 23:49 IST

    Economic growth slows to 7%, but govt eyes ratings upgrade

    India made a strong pitch for a sovereign ratings upgrade to Standard and Poor’s (S&P), on a day when latest national income data showed that gross domestic product (GDP) growth has slowed to 7% in April-June from 7.5% in the previous quarter, dragged down weak growth in most sectors.

  • KV Kamath at his office in the financial district of Shanghai. (HT Photo)
    Aug 31, 2015 20:37 IST

    BRICS bank is 'coming of age of developing countries': KV Kamath

    India and China are among the first countries to have shown interest in borrowing money for environment-friendly infrastructure projects from the newly formed development bank initiated by the BRICS (Brazil, Russia, India, China, South Africa), the bank’s president, KV Kamath has said.

  • Flipkart
    Aug 31, 2015 14:24 IST

    Flipkart customers to get refund in 24 hours with new mechanism

    E-commerce major Flipkart on Monday launched its instant refund mechanism facility, a move that will help its customers get refunds within 24 hours of returning the product.

  • Economy
    Aug 31, 2015 21:52 IST

    Slower-than-expected GDP growth boosts rate cut calls

    Indian economy's growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts.

  • Home Secretary Rajiv Mehrishi
    Aug 31, 2015 14:36 IST

    India plans to amend RBI Act to set up monetary panel: Mehrishi

    The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring finance secretary Rajiv Mehrishi told Reuters.

  • Bombay stock exchange
    Aug 31, 2015 10:22 IST

    Sensex falls 109 points ahead of GDP data, Nifty down 31 pts

    In a highly volatile trade, market benchmark BSE Sensex dropped over 109 points on Monday and the Nifty slipped below the 8,000-mark due to selling by funds and retail investors ahead of the release of June quarter GDP data and weakness in domestic currency.

  • Indian Rupee
    Aug 31, 2015 10:22 IST

    Rupee falls 34 paise to one-week low at 66.48 against dollar

    The rupee dropped by 34 paise on Monday to close at one-week low of 66.48 against the US dollar on persistent month-end demand for the American currency from importers. Besides, fresh fall in equity market affected the value of the rupee against the US dollar.

  • Airtel
    Aug 30, 2015 15:31 IST

    Airtel, Idea hike post-paid data tariff in Delhi, other circles

    Bharti Airtel and Idea Cellular have hiked charges for their post-paid users by around 20% in various circles including Delhi after increasing data tariff for pre-paid customers in the national capital.