Business

  • Bombay stock exchange
    Apr 20, 2015 10:32 IST

    Sensex crashes 556 points, slumps to 3-week low

    The Bombay Stock Exchange (BSE )fell 1.9% or 556 points on Monday as investors sold heavily on fears of a strong opposition to the Land Acquisition Bill and on the dismal corporate earnings.

  • medicine
    Apr 21, 2015 00:03 IST

    Japan’s Daiichi Sankyo to exit Sun Pharma

    Japanese drug maker Daiichi Sankyo on Monday announced that it would exit from Indian giant Sun Pharmaceuticals by selling its 8.9% stake in the latter, in block trades at the stock market.

  • Taj Palace Hotel
    Apr 20, 2015 23:43 IST

    Debt-ridden Indian Hotels to cut costs, rejig operations

    Indian Hotels Company Ltd (IHCL), which runs the iconic Taj Group of hotels, is restructuring its operations to reign in high debt, while continuing to expand its presence in India and abroad.

  • Apr 20, 2015 23:55 IST

    Private sector execs give top slots at PSU banks a miss

    There have been no takers from the private sector for the top position in leading public sector banks, including Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank and IDBI Bank.

  • Banking sector
    Apr 21, 2015 00:09 IST

    New report debunks anti-H-1B claims

    A new report debunks arguments long made by H-1B critics to say foreign workers don’t cost less, don’t replace natives and the US is indeed short of STEM workers, and needs help.

  • Bombay Stock Exchange
    Apr 20, 2015 23:36 IST

    Choppy markets: Trade with caution, take a long-term view, say analysts

    Amid a volatile equity market, financial advisers had a word of caution: make informed and well-researched decisions before shuffling around the portfolio with a medium-to-long-term savings plan in mind.

  • Rupee
    Apr 20, 2015 18:46 IST

    Rupee down 55 paise vs dollar, logs biggest fall in 2015

    Logging its biggest fall of the year, the rupee on Monday plunged by 55 paise to close at over one-month low of 62.91 against the greenback amid sustained demand for dollars from importers.

  • Indian Finance Minister Arun Jaitley.
    Apr 19, 2015 20:07 IST

    India disappointed over non-implementation of IMF reforms: Jaitley

    India has expressed deep disappointment over the non-implementation of IMF quota and governance reforms that would give it a greater say in the global crisis lender, matching the country's growing economic might.

  • CII President
    Apr 19, 2015 23:33 IST

    CII backs govt’s Rs 40,000 crore tax demand on FIIs

    Foreign investors have been vocal in their criticism of the recent Rs 40,000 crore tax demand on FIIs, but Indian companies feel there is nothing wrong, and the investors should not hesitate to pay up the dues.

  • A businessman walks
    Apr 19, 2015 23:12 IST

    India courts Taiwan’s electronics and hardware cos to ‘Make in India’

    China may be the global electronics factory, but it is neighbouring Taiwan that India is increasingly looking at to drive its ‘Make in India’ initiative.

  • RBI hikes repo rate again
    Apr 19, 2015 14:25 IST

    RBI snaps up $49.2-bn in Apr-Feb, highest in 7 years

    To reduce rupee volatility on account of higher inflows and increase forex reserves to cushion any external shock, the Reserve Bank (RBI) bought the highest amount of dollars, after a gap of seven years, at USD 49.2 billion in April-February of the past fiscal.

  • Construction site
    Apr 19, 2015 23:51 IST

    Govt set to nudge banks: Loosen purse strings for stalled projects

    The government is looking at ways to convince reluctant banks — hit by mounting bad loans — to lend more to the cash-starved infrastructure sector and kick-start roads, ports and power projects, critical to create jobs and catalyse growth across farms and factories.

  • BPO
    Apr 19, 2015 23:38 IST

    Companies caring more for women staff

    In a bid to retain talent and encourage gender diversity in workplace, Indian companies are turning more sensitive and are offering a bouquet of additional facilities to make women staffers happy.

  • Will licensing brokers save you from fraud?
    Apr 19, 2015 14:20 IST

    Sebi crackdown on money-pooling frauds, 92 firms face axe

    Sebi's crackdown on illegal money pooling activities seems to be gaining momentum as the regulator has taken strict action against 92 firms so far in 2015 for fraudulently raising over Rs 2,000 crore from public.

  • income tax
    Apr 18, 2015 18:19 IST

    Govt likley to withdraw new I-T forms seeking details of foreign trips

    The government will likely roll back the controversial new income tax return forms that makes it mandatory to disclose a host of information including details of foreign trips, top officials told HT.