Business

  • Medicines
    Aug 05, 2015 18:18 IST

    India-EU trade talks deferred over pharma products ban

    India has deferred the talks with the European Union on the proposed free trade agreement, expressing disappointment and concern over the EU banning sale of around 700 pharma products.

  • ICICI Bank
    Aug 05, 2015 18:36 IST

    ICICI hits overseas debt market with $500 million issue

    ICICI Bank on Wednesday hit the US dollar debt market with a benchmark issue, under which it plans to raise up to $500 million, market sources said.

  • 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 back to winning ways, rebounds 151 points

    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 ends at Rs 63.75 against dollar

    Recovering from initial losses, the rupee closed on Wednesday barely steady at 63.75 against the US dollar.

  • 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.