Business

  • Reserve Bank of India
    Aug 04, 2015 11:12 IST

    RBI keeps policy rates on hold at 7.25%

    The Reserve Bank of India (RBI) on Tuesday kept its lending rate—the repo rate—unchanged at 7.25%, ignoring a chorus of calls from government officials and business leaders for cheaper loans to aid investment and household spending.

  • Raghuram Rajan
    Aug 04, 2015 16:09 IST

    RBI may cut rates before next policy review: Raghuram Rajan

    Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday hinted that the central bank may cut interest rates before the next policy announcement on September 29, depending upon macroeconomic indicators.

  • Foxconn
    Aug 04, 2015 14:09 IST

    Foxconn meets top govt secretaries, communication minister

    Union Communications Minister Ravi Shankar Prasad along with the secretaries of six ministries are expected to help finalise an estimated $20 billion investment in India by Foxconn Technology, the Taiwanese electronic component manufacturer.

  • SBI
    Aug 04, 2015 13:42 IST

    State Bank of India rules out rate cut in near future

    State Bank of India (SBI) on Tuesday ruled out any interest rate cut for its borrowers, even as the RBI chided banks for not having passed the full benefits of the last three reduction in its policy rate.

  • Toyota Camry Hybrid review, test drive
    Aug 04, 2015 13:18 IST

    Toyota quarterly profit up by 10% to $5.2 bn

    Toyota on Tuesday said its net profit for the three months to June jumped 10% from a year ago, giving a boost to its annual sales forecast and crediting a weak yen and cost cuts.

  • RBI
    Aug 04, 2015 12:00 IST

    RBI, govt reach consensus on monetary policy committee

    The Reserve Bank of India and the government have broadly agreed on the powers of the monetary policy committee, clearing the air on an issue that has generated much attention and speculation recently.

  •  oil refinery
    Aug 04, 2015 11:22 IST

    Oil prices rise after 5% fall but outlook remains weak

    Oil prices rose slightly in early Asian trading on Tuesday after a sharp 5% drop in the previous session, as high global production and a weakening economic outlook prompted analysts to warn of further falls.

  • Raghuram Rajan
    Aug 04, 2015 13:06 IST

    First differential bank licences to be issued by month-end: Rajan

    The Reserve Bank of India (RBI) is set to issue the first set of differential bank licences - for small finance and payments banks - by the end of August, a move aimed at promoting financial inclusion.

  • Sensex
    Aug 04, 2015 10:01 IST

    Sensex gains over 77 points ahead of RBI policy

    The benchmark BSE Sensex rose over 77 points in early trade on Tuesday on sustained buying by investors ahead of the Reserve Bank's monetary policy review amid better-than-expected Q1 earnings by Hero MotoCorp.

  • Indian currency notes
    Aug 04, 2015 09:48 IST

    Rupee down 5 paise against dollar in early trade

    The value of the rupee fell by 5 paise to 64.09 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.

  • Rajat Gupta
    Aug 04, 2015 08:24 IST

    From insider to inmate: Rajat Gupta does dishes in jail

    Former Goldman Sachs director Rajat Gupta seems to have accepted his incarceration as his destiny and washed dishes at the prison cafeteria briefly, in a first account of his life in prison.

  • Subrata Roy
    Aug 03, 2015 23:02 IST

    You are in jail by choice, SC bench tells Sahara chief

    The Supreme Court on Monday came down heavily on Sahara group chief Subrata Roy for delaying the sale of properties to refund Rs 36,000 crore including interest to its investors and asked Securities and Exchange Board of India (Sebi) to move an application seeking appointment of a receiver for sale of the company’s properties.

  • Industry
    Aug 03, 2015 23:24 IST

    Manufacturing growth hits 6-month high on export orders

    The data comes a day ahead of the RBI’s monetary policy review. In its last policy review on June 2, the central bank had cut its repo, or key lending rate by 0.25 percentage points for the third time this year, to spur investment and growth.

  • Air India
    Aug 03, 2015 23:37 IST

    Air India set to renew fleet insurance, invites bids

    In 2014, Air India had to battle with a 15% increase in premium, most of which was due to the market hardening after the Malaysian Airlines crash.

  • Nokia Here maps
    Aug 03, 2015 23:06 IST

    Audi, Mercedes, BMW team up to buy Nokia's Here maps

    The deal allows auto makers BMW, Mercedes and Audi to offer new premium features in their luxury cars, shaking up the pecking order between car makers, parts suppliers and software rivals such as Uber, Google or Apple.