Business

  • Foxconn
    Aug 30, 2015 23:46 IST

    Now, Foxconn looks to set up payments bank

    Taiwanese technology major Foxconn, which has already lined up $20-billion (Rs 1.3 lakh-crore) investment plans for India, is now looking to set up a payments bank in the country.

  • Sun Pharma
    Aug 30, 2015 23:56 IST

    Sun Pharma, Wockhardt recall drugs from US market

    Sun Pharma recalled multiple lots of Bupropion Hydrochloride Extended- release Tablets USP (SR), 200mg, 60-count bottle, from the US market for "failed dissolution specification", while Wockhardt started recalling its Lisinopril Tablets USP, 5mg and 20mg for "CGMP violations".

  • MBA,Job,Bullish
    Aug 31, 2015 00:06 IST

    Some friendly caution for startup employees

    For the hundreds of startups mushrooming in India, there is a valuable lesson: Enjoy the ride, but do keep an eye on the scoreboard. They do start counting at some point.

  • Credit card
    Aug 30, 2015 23:33 IST

    Draft Cabinet note moots incentives for e-payments

    The finance ministry plans to offer consumers and merchants incentives in the form of fee waivers and tax benefits, who pay through debit or credit cards and do away with transaction charges for purchase petrol, gas and rail tickets.

  • Guru Hargobind power plant
    Aug 30, 2015 23:13 IST

    Many ultra-mega power projects fail to take off, future uncertain

    The government’s ambitious ultra-mega power projects (UMPPs) is now staring at a bleak future, as projects failing to take off, and the deadline for giving comments on new bidding norms for UMPPs expiring on September 1. Power players including Reliance and Tata have already shut their major projects.

  • Assocham
    Aug 30, 2015 19:00 IST

    Land acquisition ordinance lapse setback to reforms: Assocham

    Government's decision to allow the Land acquisition ordinance to lapse and return to the previous Act is a "setback to economic reforms", industry body Assocham said on Sunday. Assocham said this would also make acquisition of land for crucial industrialisation a "herculean task".

  • Narendra Modi, Red Fort, 69th Independence Day
    Aug 30, 2015 23:06 IST

    PM Modi to keep close eye on government's social schemes

    PM Narendra Modi will himself keep an eye on the progress of these schemes and hold review meetings from time to time, sources said. By October, the government is set to bring in the bankruptcy law, which is likely to further boost the Make in India initiative.

  • Baghdad
    Aug 30, 2015 19:46 IST

    Italian energy group Eni finds huge gas field off Egypt's coast

    Italian energy group Eni announced on Sunday that it had potentially discovered one of the world's largest natural-gas fields off the Egyptian coast, and predicted that the find could help meet Egypt's gas needs for decades to come.

  • 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.

  • Raghuram Rajan
    Aug 29, 2015 14:12 IST

    RBI not done with rate cut, still in accommodative mode: Rajan

    Hinting at the fourth interest rate cut this year, Reserve Bank of India governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth.

  • Reliance Group, DAAP, Mihan, Nagpur, Anil Ambani, Devendra Fadnavis, Nitin Gadkari,
    Aug 29, 2015 22:57 IST

    Anil Ambani to set up Rs 6,500 crore aerospace project in Nagpur

    Dhirubhai Ambani Aerospace Park (DAAP) in Mihan will create 1,500 jobs in the primary sector, around 3,500 in the secondary and 5,000 in the tertiary sector respectively.

  • Air India
    Aug 29, 2015 17:26 IST

    Air India pilots to vote on stopping ops

    Fresh trouble could be brewing for debt-laden Air India (AI) with a section of pilots contemplating to strike work in protest against a recent notification to remove senior pilots (captains and commanders) from “workmen” category.

  • Swiss bank
    Aug 29, 2015 19:39 IST

    Swiss to repay $700,000 to Norway after fraud conviction

    Swiss authorities will repay creditors around $700,000 in embezzled funds stashed in a Swiss bank account, in one of Norway's biggest-ever bankruptcies, prosecutors said this week.

  • Illustration: Jayanto
    Aug 30, 2015 00:37 IST

    New age start-ups get support from angels of a different kind

    Many of these unusual angels continue to do other things. Krishnan runs Brick Eagle. Kiran works as a management consultant. Shroff has a large portfolio of stocks and bonds. Uthappa plays cricket.

  • China yuan devaluation Economy
    Aug 28, 2015 23:17 IST

    As China falters, foreign investors put bets on India

    The slowdown in the Chinese economy has shifted focus of foreign investor attention to India, with macro stabilities such as comfortable fiscal position, low inflation and adequate forex reserves coming in India’s favours.