• electric market
    Aug 05, 2015 16:24 IST

    India's service industry returned to modest growth rate in July

    India's dominant service industry sector returned to a modest growth rate in July, a private survery revealed on Wednesday, but the improvement is unlikely to change expectations that the Reserve Bank could cut interest rates again before the year-end.

  • Gold coin
    Aug 05, 2015 16:14 IST

    Gold drops for third day as sluggish world demand continues

    Continuing its losing streak for the third consecutive day, gold tumbled by Rs 110 to Rs 25,020 per ten grams at the bullion market on Wednesday, largely in tandem with a weakening global trend amid subdued demand from jewellers.

  • Bombay Stock Exchange
    Aug 05, 2015 16:00 IST

    Sensex looks to have highest close in nearly two weeks

    The BSE Sensex and Nifty rose by nearly 1% on Wednesday, heading for their highest close in nearly a fortnight, led by gains in software exporters as investors seeking bargains bought into beaten down stocks.

  • Gautam Adani
    Aug 05, 2015 09:00 IST

    Australian federal court blocks Adani's coal mine project

    Australia’s federal court on Wednesday overturned the government's environmental approval for the Adani Group to build one of the world’s biggest coal mines on scrubland facing the Great Barrier Reef in a major setback for the Indian conglomerate.

  • Raghuram Rajan
    Aug 05, 2015 08:42 IST

    The govt has a lot of control already: Raghuram Rajan

    The Reserve Bank of India (RBI) and the government have reached an agreement which incorporates all the “necessary requirements of a good monetary policy committee”, governor Raghuram Rajan said in an interaction with financial newspapers after the monetary policy review on Tuesday.

  • Bombay Stock Exchange
    Aug 05, 2015 10:37 IST

    Sensex springs back, gains 214 pts on capital inflows

    The benchmark BSE Sensex rose sharply over 213 points in early trade on Wednesday powered by capital inflows by foreign funds and buying by retail investors amid a strong Asian trend.

  • Indian currency
    Aug 05, 2015 10:31 IST

    Rupee slips 19 paise to Rs 63.93 against dollar in early trade

    The rupee fell by 19 paise to Rs 63.93 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange due to rise in the greenback against other currencies overseas buoyed by a possible US Fed rate hike.

  • Airtel
    Aug 04, 2015 18:53 IST

    Bharti Airtel Q1 profits up on gain from tower sales

    Bharti Airtel Ltd, posted a 40% rise in quarterly net profit, helped by a one-time gain from the divestment of some of its tower assets in Africa.

  • Indian telecom sector
    Aug 04, 2015 23:57 IST

    As call drops mount, cabinet to take up spectrum sharing

    Call drops could soon reduce, with the Cabinet likely to approve the guidelines for spectrum sharing and trading on Wednesday. Operators may be required to pay a one-time fee for both, sources said.

  • 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.

  • Foxconn
    Aug 05, 2015 00:03 IST

    Foxconn on shopping trip for India partners

    Taiwan’s billionaire businessman and Foxconn founder Terry Gou and his 30-member delegation met Union communications minister Ravi Shankar Prasad and secretaries of six ministries on Tuesday to thrash out an investment proposal that sources said could be worth $20 billion (`12,800 crore).

  • Congress Parliament
    Aug 04, 2015 18:33 IST

    Continued logjam in Parl holding up GST, other key bills: CII

    Continued impasse in Parliament is delaying passage of key bills like GST which are crucial for economic growth, industry body CII said on Tuesday.

  • 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.

  • Raghuram Rajan
    Aug 04, 2015 18:40 IST

    RBI guv Rajan maintains status quo, wants banks to cut rates

    The Reserve Bank of India (RBI) kept its key policy rate unchanged on Tuesday, citing inflationary concerns even as it expected banks to pass on the benefit of the previous rate cuts to borrowers.

  • 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.