Business

  • Moody's
    Jul 30, 2015 17:31 IST

    Lack of reforms may derail India's growth: Moody's report

    The report raised fresh questions on the state of RBI, which is in the midst of a controversial overhaul on the governor’s powers in managing interest rates, saying any tampering with the central bank’s autonomy may hurt India’s credibility.

  • Serena Williams, Wimbledon 2015, Tennis
    Jul 30, 2015 23:46 IST

    Petrol, diesel prices may be cut by up to Rs 4 a litre today

    Come Friday, and there could be some cheer for the common man as oil marketing companies could effect a steep cut in petrol and diesel prices.

  • A car owner
    Jul 30, 2015 22:08 IST

    FDI inflows rose in 2014-15 from 3 countries visited by Modi

    Replying in the Rajya Sabha, external affairs minister Sushma Swaraj said Modi visited 26 countries from June 2014 to July 2015 and all visits had a substantial economic component.

  • Modi in Japan
    Jul 30, 2015 23:51 IST

    BNP Paribas to acquire Sharekhan for Rs 2,000 crore

    Acquisition marks French bank’s second big play at retail broking in India after Geojit 8 years ago.

  • Kotak Mahindra bank
    Jul 30, 2015 21:04 IST

    ING Vysya merger hits Kotak Bank's profits as net dips 26%

    In its first earnings report after its merger with ING Vysya Bank, Kotak Mahindra Bank reported a 26% fall in consolidated net profit at Rs 517 crore in the June quarter, hit by massive provisions for the South India-based lender's stressed assets and retirement benefits.

  • gold
    Jul 30, 2015 19:28 IST

    Gold prices slip on global cues, silver surges

    Gold prices fell back after a brief overnight rebound at the domestic bullion market in Mumbai on Thursday due to fresh selling by stockist and jewellery traders amidst lower global cues.

  • Enforcement Directorate
    Jul 30, 2015 22:47 IST

    ED attaches Zoom Developers' land and bank deposits in fraud case

    The Ahmedabad zonal unit of the Enforcement Directorate (ED) has attached 132 acres of land in Indore, 61,155 square feet of land in Mumbai and Rs 41.4 crore in bank deposits in an alleged Rs 2,200-crore bank loan fraud case committed by Zoom Developers.

  • Petronet LNG
    Jul 30, 2015 23:05 IST

    Petronet LNG appoints GAIL's Prabhat Singh as new MD and CEO

    Prabhat Kumar Singh has been appointed the new managing director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

  • Thomas Cook
    Jul 30, 2015 22:46 IST

    Thomas Cook India acquires Sri Lanka-based Luxe Asia

    Travel company Thomas Cook India has acquired Sri Lanka-based destination management firm, Luxe Asia, for an undisclosed sum.

  • General Motors
    Jul 30, 2015 21:11 IST

    'GM to shut Gujarat project, invest Rs 6,400 cr in Pune plant'

    The Maharashtra government on Thursday said that automobile giant General Motors has decided to invest Rs 6,400 crore for the expansion of its existing plant in Pune and close down its project in the neighbouring Gujarat state.

  • Nokia Lumia 800
    Jul 30, 2015 12:54 IST

    Nokia posts surprise profit rise before buying Alcatel-Lucent

    Announced in mid-April, Nokia's acquisition of Alcatel-Lucent at €15.6bn by mid-2016 aims to position the company to better compete with market leader Ericsson of Sweden and low-cost Chinese powerhouse Huawei by forging a strong number two in mobile with a more complete product line.

  • Facebook
    Jul 30, 2015 11:27 IST

    Facebook profit down by 9% as costs rise

    Facebook Inc reported a fall in its quarterly profit by 9% even as its revenue beat forecasts as the social media company sharply increased spending to boost mobile revenue and future growth.

  • dream job
    Jul 29, 2015 23:43 IST

    Cautious jobseekers study ‘social status’ of companies: Survey

    The new breed of jobseekers have become ‘brand conscious’ and is considering the reputation of the company through its website and social media reviews while making career decisions.

  • Maggi
    Jul 29, 2015 23:36 IST

    Nestle India stews in Maggi soup, reports Rs 64 crore loss

    Fast-moving consumer goods (FMCG) major Nestle India on Wednesday reported a loss during the April-June quarter as sales took a hit after its popular Maggi noodles were withdrawn from the market over safety concerns.

  • General Motors
    Jul 29, 2015 23:33 IST

    GM to invest $1 billion for 'make in India' push

    With an aim to put its troubled past behind it, General Motors, the world’s third-largest carmaker, on Wednesday announced a major overhaul of its near two-decade old operations in India. The company announced an investment of $1 billion (Rs 6,400 crore) towards expanding its capacity at Talegaon, closure of older Halol factory and plans to launch 10 new models by 2020.