Business

  • Mobile networks
    Sep 04, 2015 20:43 IST

    TRAI says compensate for call drop, disclose network capacity

    Plagued by the problem of call drops, telecom regulator TRAI on Friday proposed that service providers should compensate mobile subscribers for call drops and poor quality of services.

  • Sensex
    Sep 04, 2015 10:06 IST

    Sensex plunges again, down by 563 points to near 14-month low

    The benchmark BSE Sensex plunged over 521 points and the NSE Nifty fell below 7,700-mark in early trade on Friday as retail investors booked profits after amid sustained capital outflows by foreign funds.

  • Cipla
    Sep 04, 2015 13:44 IST

    Cipla to acquire two US pharma companies for $550 mn

    Pharmaceutical major Cipla Ltd said on Friday its UK arm Cipla EU has entered into definitive agreements to acquire two US-based companies - InvaGen Pharmaceuticals Inc and Exelan Pharmaceuticals Inc - in an all-cash deal valued at $550 million, as it looks to scale up its generic drugs business in America.

  • Air India
    Sep 04, 2015 11:20 IST

    Air India launches flight on Bengaluru-Mysuru route

    Air India said it has put Mysuru on the air map with the introduction of six days a week flight from Bengaluru to the palace city.

  • Ravi Shankar Prasad
    Sep 03, 2015 10:13 IST

    Make more profits but end call drops too: Telecom minister

    Union telecom minister Ravi Shankar Prasad has asked operators to end the menace of dropped calls, saying voice services must not suffer because of their emphasis on improving the more profitable mobile internet service among the world’s second largest subscriber base.

  • Indian Rupee
    Sep 04, 2015 09:51 IST

    Rupee dips by 22 paise to settle at 66.46 against dollar

    The rupee strengthened by 14 paise to 66.10 against the dollar in early trade on Friday on fresh selling of the US currency by exporters and banks.

  • ONGC
    Sep 04, 2015 10:57 IST

    ONGC acquires stake in Russia's Vankor oil field for $1.25 bn

    Oil and Natural Gas Corp (ONGC) paid just over $1.25 billion for a 15% stake in Russian oil major Rosneft's Vankor oil field, a source with direct knowledge of the deal said on Friday.

  • Gold
    Sep 03, 2015 16:17 IST

    Gold prices down Rs 190 on global cues, low demand

    Extending the weak trend in global market and fall in demand from jewellers, gold remained weak for the second straight day and prices fell by another Rs 190 to Rs 26,810 per ten grams at the bullion market on Thursday.

  • Adani
    Sep 03, 2015 14:26 IST

    National Australia Bank rules out funding for Adani’s project

    National Australia Bank (NAB) has ruled out funding for Adani Group’s $12 billion mining project in the Galilee Basin of Queensland.

  • cHINA
    Sep 03, 2015 13:30 IST

    Indian pharma, Taiwan tech lure smart money as stocks tumble

    Asia's falling stocks have triggered an exodus of funds from the region, but some investors say the sell-off has been indiscriminate and that certain stocks offer compelling buying opportunities.

  • Wall Street, Stocks, Federal Reserve
    Sep 03, 2015 12:55 IST

    IMF warns G20 of rising downside economic growth risks

    Slower growth in China, rising market volatility and rising downside risks to the global economy could severely cut the outlook, International Monetary Fund staff warned on Wednesday.

  • China, stock market
    Sep 03, 2015 10:32 IST

    For Sensex, choppy days are here again after China slowdown

    The devaluation of the yuan by about 1.9% on August 11 made Indian exports more expensive compared to China. This put pressure on our rupee, which was further affected by the tremors felt by other Asian currencies.

  • Amazon Kindle HDX
    Sep 04, 2015 16:17 IST

    Online retailers trying to access the 'other India'

    SK Mohanty and Vivek Pani at Reverie Language Technologies, a Bangalore-based local language technologies company, are now offering online retailers such as amazon.com and flipkart.com a whole new and powerful way to reach out to an overwhelming number of Indian consumers who still consider English a foreign language and therefore refrain from spending money to buy stuff online.

  • budget, BSE
    Sep 03, 2015 10:00 IST

    Sensex gains 311 pts on bargain hunting; ends 3-day slide

    Snapping a three-day losing streak, the benchmark BSE Sensex on Thursday recovered from over one-year lows by surging 311.22 points to 25,764.78.

  • Indian Rupee
    Sep 03, 2015 09:38 IST

    Rupee down 5 paise at 66.24, snaps 2-day gains against dollar

    The rupee snapped its two-day winning run against the American currency on Thursday and ended the session lower by 5 paise at 66.24 on fresh dollar demand from banks and importers on the back of higher greenback in the overseas market amid fall in crude oil prices.