- Sep 01, 2015 09:44 IST
The Bombay Stock Exchange on Tuesday opened 195 points down -- or lower by about 0.7% -- following concerns on the lower-than-expected GDP numbers and a weak monsoon trend. The Sensex was at 26,088.55 at 9:35 AM.
- Sep 01, 2015 10:08 IST
The rupee recovered by 10 paise to 66.38 against the US dollar in early trade Tuesday on increased selling of the American currency by exporters.
- Aug 31, 2015 19:04 IST
Petrol price was cut by Rs 2 per litre and diesel by 50 paise on Monday evening, the third reduction in rates this month following global cues.
- Aug 31, 2015 17:55 IST
India's economic growth slowed to 7% in the three months through June from 7.5% in the previous quarter, government data showed on Monday.
- Aug 31, 2015 23:45 IST
Pushing for an interest rate cut, Finance Minister Arun Jaitley said on Monday that inflation is under control and that oil and commodity prices are also low, while expressing hope that the Reserve Bank of India (RBI) would consider all of these factors in its monetary policy review.
- Aug 31, 2015 23:44 IST
The Reserve Bank of India on Monday listed India’s largest lender State Bank of India and ICICI Bank, the country’s largest private sector bank, as India’s two domestic systemically important banks (D-SIBs).
- Sep 01, 2015 09:06 IST
If the preferred yardstick is growth in gross value-added, growth has perked up sharply from 6.1% in Jan-Mar to 7.1% in the April-June quarter.
- Aug 31, 2015 18:07 IST
Infrastructure sector growth slowed to 3-month low of 1.1% in July as output of crude oil, natural gas and steel contracted, making a case for a further rate cut by the Reserve Bank.
- Aug 31, 2015 19:03 IST
Chinese stocks sank again on Monday, dragging most other Asian bourses lower amid uncertainty over US interest rates, reviving fears of a broader global economic slowdown that has rocked the world's financial markets.
- Aug 31, 2015 20:13 IST
Chairman emeritus of Tata Sons, Ratan Tata, has invested in Infinite Analytics, a predictive technology firm. He has been aggressively investing in startups, ranging from eCommerce firms to cab aggregators, like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Xiaomi and Ola.
- Aug 31, 2015 23:49 IST
India made a strong pitch for a sovereign ratings upgrade to Standard and Poor’s (S&P), on a day when latest national income data showed that gross domestic product (GDP) growth has slowed to 7% in April-June from 7.5% in the previous quarter, dragged down weak growth in most sectors.
- Aug 31, 2015 20:37 IST
India and China are among the first countries to have shown interest in borrowing money for environment-friendly infrastructure projects from the newly formed development bank initiated by the BRICS (Brazil, Russia, India, China, South Africa), the bank’s president, KV Kamath has said.
- Aug 31, 2015 14:24 IST
E-commerce major Flipkart on Monday launched its instant refund mechanism facility, a move that will help its customers get refunds within 24 hours of returning the product.
- Aug 31, 2015 21:52 IST
Indian economy's growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts.
- Aug 31, 2015 14:36 IST
The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring finance secretary Rajiv Mehrishi told Reuters.