- Jun 30, 2015 08:42 IST
OneWeb’s plans to use satellites for digital connectivity and provide affordable internet access to all will have to address a few challenges that have earlier plagued such ventures.
- Jun 30, 2015 07:48 IST
It is not the first time that the IMF, traditionally called on by economically troubled governments to help when they run short of liquidity, faces the breakdown of a bailout programme.
- Jun 29, 2015 23:21 IST
Creditors left the door open for a last-ditch debt deal to try and avert a ‘Grexit’, which would raise serious questions about the future of the European Union. German Chancellor Angela Merkel warned that “if euro fails, Europe fails”.
- Jun 30, 2015 02:01 IST
US stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.
- Jun 29, 2015 20:54 IST
World markets tumbled on Monday as Greece imposed capital controls and shut its banks for a week after global creditors refused to extend the country's bailout beyond June 30. A lowdown:
- Jun 29, 2015 18:34 IST
The rupee recovered from initial losses, but still ended lower against the US dollar on Monday by tumbling 20 paise at 63.84 due to the looming debt default crisis in Greece amidst month-end demand for the greenback from importers.
- Jun 29, 2015 09:53 IST
After tumbling over 602 points in early trade spooked by Greece concerns that may trigger capital outflows, the benchmark BSE Sensex recovered over 435 points, powered by gains in HUL, ITC, L&T, ICICI Bank and Dr Reddy's, but still closed down over 166 points.
- Jun 29, 2015 15:01 IST
Representatives from 50 founding countries, including India, today signed an agreement that provided the legal framework for the China-led $ 100 billion multilateral Asian Infrastructure Investment Bank (AIIB).
- Jun 29, 2015 14:48 IST
Media firm TV18 Broadcast Ltd and Cable News Network, Inc (CNN) will end their partnership at the end of their 10-year-old brand licensing agreement in January next year.
- Jun 29, 2015 09:37 IST
The euro fell almost 2% and share prices fell across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.
- Jun 29, 2015 13:27 IST
The economic crisis in Greece may trigger capital outflows from India and the government is consulting the RBI to deal with the situation, finance secretary Rajiv Mehrishi said on Monday.
- Jun 29, 2015 13:47 IST
Amazon.com Inc will launch its business loan programme for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share.
- Jun 29, 2015 14:57 IST
Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.
- Jun 29, 2015 08:48 IST
Greece, which may default on an International Monetary Fund debt repayment due on Tuesday after talks with creditors broke down, owes its official lenders 242.8 billion euros ($271 billion), according to a Reuters calculation based on official data, with Germany by far the largest creditor.
- Jun 29, 2015 11:37 IST
The rupee shed 24 paise to trade at 63.88 against the US dollar in early trade on Monday at the Interbank Foreign Exchange, extending losses for the fifth consecutive day, due to continued demand for the American currency from importers.