Yeshwant Moreshwar Deosthalee is the chairman and managing director of L&T Finance Holdings, a subsidiary of engineering and construction giant Larsen & Toubro
British telecom giant Vodafone Group Plc on Wednesday said it would invest $3 billion (`19,000 crore) in Indian networks over the next two years.
Politics breathed some fresh momentum into the stock market on Thursday with the Sensex surging 457 points to an intra-day high of 21,166, before erasing initial gains to close up 249 points, or 1.2%, to 20,958. Can Narendra Modi be the game-changer for BJP?
Gold smugglers are adopting methods of drug couriers to sidestep a government crackdown on imports, stashing gold in imported vehicles and using mules who swallow nuggets to try to get them past airport security.
The rupee recovered from early losses and gained 31 paise to close at a one-month high of 62.05 against the dollar today on fresh selling by exporters and banks, amid foreign capital inflows into local stocks.
The benchmark S&P BSE Sensex extended losses for the second day by slipping another 57 points in the morning trade on mild selling pressure mainly in capital goods, banking, FMCG and refinery sectors.
India said Wednesday it could not accept a WTO proposal on food security, casting a gloom over a high-stakes conference tasked with salvaging the body's faltering efforts to liberalise world trade.
India's services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, an HSBC survey said on Wednesday.
Prime Minister Manmohan Singh, whose UPA government has come under criticism for exercising controls on energy pricing, on Tuesday said that market-based pricing and technology were essential to meet India’s growing energy needs, underlying a reformist intent. Feeding energy-hungry India
A day after finance minister P Chidambaram said that the Indian economy would clock a growth rate of 5% in 2013-14 in the backdrop of a sharp fall in the current account deficit (CAD), industry chambers CII and Ficci echoed the sentiment. Rosy talks on green shoots
The Indian rupee has swung between two extremes over the last six months. Its value against the dollar during this period broadly resembles the shape of a V, with steep fall for the first four months followed by a gradual climb during the later part of the curve. Money in a maze
Sony said Tuesday it has sold more than 2.1 million PlayStation 4 consoles after less than three weeks on the market, as it battles Microsoft and Nintendo for supremacy in the lucrative gaming sector.
The Reserve Bank of India plans to introduce increased capital requirements by 2016 for banks regarded as too big to fail, and make them subject to greater regulatory oversight.
Indian IT bellwether Wipro Ltd Monday announced it had acquired Opus CMC, a US-based leading mortgage firm, for Rs.75 million (Rs.467 crore) to strengthen its mortgage solutions and outsourcing business.
Telecom operator Reliance Communications has increased 3G mobile internet rates by 26% and reduced benefit on internet packages by up to 60%.