Business

  • Salman Khan
    May 06, 2015 20:21 IST

    Eros, Mandhana shares plunge after Salman Khan's conviction

    Shares of Eros International Media and Mandhana Industries, two companies associated with Salman Khan, plunged up to 6% on Wednesday after the Bollywood actor was convicted in the 2002 hit-and-run case and sentenced to five-year imprisonment by a Mumbai court.

  • budget, Manufacturing
    May 07, 2015 00:14 IST

    Companies cheer as manufacturing gets a booster shot

    Manufacturing companies, hemmed in multiple local and central levies, welcomed the passage of the Constitution Amendment bill in the Lok Sabha on Wednesday for rolling out a country-wide goods and services tax (GST), which will remove inter-state fiscal hurdles.

  • Indian currency notes
    May 06, 2015 20:22 IST

    Rupee falls for 4th day; down 10 paise vs dollar to 1-week low

    Continuing its decline for the fourth trading session in a row, the rupee today dipped by 10 paise to close at one-week low of 63.54 against the US dollar following distinctly weak trend in local equities amid sustained capital outflows.

  • Bombay Stock Exchange
    May 06, 2015 12:34 IST

    Sensex crashes to lowest level of 2015, tanks 723 points

    The BSE Sensex and Nifty fell more than 2% on Wednesday to their lowest in four months, on strong selling on algorithmic trading platforms, while continued offloading by foreign investors amid retrospective tax worries also weighed.

  • Arun Jaitley in Lok Sabha
    May 07, 2015 00:04 IST

    After Lok Sabha nod to GST bill, focus on overall prices, revenues

    The passage of the Constitution Amendment Bill to introduce a country-wide goods and services tax (GST) in the Lok Sabha on Wednesday has now shifted the focus on the tax rate and its implication on overall prices and revenues for states.

  • Honda Logo
    May 06, 2015 15:41 IST

    Honda to invest Rs 1,775cr to expand 2-wheeler capacity

    Japanese auto major Honda will invest Rs 1,775 crore this fiscal year to expand two-wheeler production capacity and to facilitate the launch of new models in India.

  • Afghan boy
    May 05, 2015 23:14 IST

    Demystifying India's poverty line: Here's everything you need to know

    India’s official poverty line — a vital economic statistic — has always been a widely debated issue. HT demystifies the details.

  • Android smartphone
    May 05, 2015 18:14 IST

    CCI rejects charges against Flipkart, other e-commerce majors

    The Competition Commission has rejected allegations of unfair business practices against five online retail majors -- Flipkart, Snapdeal, Amazon, Jabong and Myntra -- as it did not find any prima facie evidence of violations.

  • budget, Manufacturing
    May 05, 2015 23:18 IST

    Make in India drove FDI up by 56%: data

    As the government struggles to maintain investor confidence, foreign direct investments (FDI) into India has surged by 56% in five months since the Make in India programme was launched on September 24, official data revealed.

  • Volkswagen
    May 05, 2015 23:28 IST

    Volkswagen to take on Dzire with made-for-India car

    Reviving the iconic Beetle and the executive sedan Passat, and foraying into the fiercely competitive compact sedan and SUV segments are part of German giant Volkswagen’s strategy to jumpstart its sedate India presence.

  • e Commerce
    May 05, 2015 23:34 IST

    As economy gathers steam, buzz growslouder on M&A street

    With visible greenshoots of recovery in the Indian economy and the government’s reforms push, cases for inbound mergers and acquisitions (M&As) have increased recently.

  • Rahul yadav
    May 05, 2015 21:23 IST

    Housing.com CEO Rahul Yadav apologises, withdraws resignation

    Rahul Yadav, the CEO of realty portal Housing.com, today withdrew his resignation and apologised for reportedly calling fellow board members and investors intellectually incapable of any sensible discussion.

  • Bombay Stock Exchange
    May 05, 2015 15:07 IST

    Sensex falls 50 points on profit-booking; HDFC, Infy take hit

    After witnessing wide fluctuations the benchmark BSE Sensex was trading up by 35.43 points in a range-bound momentum in late morning deals on Tuesday, supported by buying in most of the sectors.

  • Future Group
    May 04, 2015 19:56 IST

    Future Group, Bharti to merge retail biz in Rs 750-cr deal

    Kishore Biyani-controlled Future Retail and Sunil Mittal-led Bharti Retail will merge to create one of India’s largest retail chains, with more than 570 stores, in a Rs 750-crore mega deal, the two companies said on Monday.

  • General Motors
    May 04, 2015 10:37 IST

    General Motors set to storm India as Korea costs climb

    General Motors aims to grab at least 5% market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.