Business

  • Moody's
    Jun 30, 2015 16:17 IST

    'Some disappointment' over Modi govt's reform pace: Moody's

    Global rating agency Moody's said on Tuesday that there are growing concerns about the risk of policy stagnation and a sentiment of "some disappointment" over the pace of reforms introduced by the Modi-led BJP government at the centre. It also flagged the subdued rural economy as a "credit negative" for India's sovereign rating.

  • IndiGo Airlines
    Jun 30, 2015 13:17 IST

    IPOs IndiGo, Infibeam, Teamlease looking to raise over Rs 3000 cr

    In a big day for Initial Public Offers, at least three companies -- low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam -- have lined up public offers to raise an estimated over Rs 3,000 crore from investors.

  • Greece
    Jun 30, 2015 13:00 IST

    Greece may find it is easier to close banks than re-open them

    Greece's decision to close the banks and impose capital controls from Monday was difficult, yet re-opening them and finding a way to lift the measures could prove even tougher, experts warned.

  • Airtel
    Jun 30, 2015 15:32 IST

    Airtel becomes third largest mobile operator in world

    With operations in 20 countries, Bharti Airtel, which is present in India, Bangladesh, Sri Lanka and Africa, has "become the third largest mobile operator in the world in terms of subscribers", the company said in a statement.

  • National Bank of Greece
    Jun 30, 2015 12:11 IST

    Greece to re-open bank branches for pensioners without cards

    As the debt crisis continues, Greece will reopen 1,000 bank branches from Wednesday until the end of the week to cater for pensioners who do not use cash cards for automated teller machines, the finance ministry said on Tuesday.

  • Internet
    Jun 30, 2015 08:42 IST

    OneWeb’s plans for digital access may run into hurdles

    OneWeb’s plans to use satellites for digital connectivity and provide affordable internet access to all will have to address a few challenges that have earlier plagued such ventures.

  • IMF, Christine Lagarde
    Jun 30, 2015 07:48 IST

    Greek default: IMF has a lot at stake than just its image

    It is not the first time that the IMF, traditionally called on by economically troubled governments to help when they run short of liquidity, faces the breakdown of a bailout programme.

  • Greece
    Jun 30, 2015 08:49 IST

    Asian shares tentative, euro sags as Greece likely to default today

    Asian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation's exit from the euro zone.

  • Indian Rupee
    Jun 30, 2015 09:49 IST

    Rupee snaps 5-day losing streak vs the dollar, up 20 paise

    The rupee snapped its five-day losing trend against the US currency, ending higher by 20 paise to 63.64 per dollar, on fresh selling of greenback by banks and exporters on hopes of a revival in foreign capital inflows.

  • Greece
    Jun 29, 2015 23:21 IST

    Greece debt crisis sends shockwaves across world markets

    Creditors left the door open for a last-ditch debt deal to try and avert a ‘Grexit’, which would raise serious questions about the future of the European Union. German Chancellor Angela Merkel warned that “if euro fails, Europe fails”.

  • Wall Street, Stocks, Federal Reserve
    Jun 30, 2015 02:01 IST

    Wall Street falls as fears over Grexit grow, volatility spikes

    US stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.

  • Greece
    Jun 29, 2015 20:54 IST

    Greek crisis: Should you be worried as world markets bleed?

    World markets tumbled on Monday as Greece imposed capital controls and shut its banks for a week after global creditors refused to extend the country's bailout beyond June 30. A lowdown:

  • Indian currency notes
    Jun 29, 2015 18:34 IST

    Rupee ends 20 paise lower at 63.84 against dollar on Greek crisis

    The rupee recovered from initial losses, but still ended lower against the US dollar on Monday by tumbling 20 paise at 63.84 due to the looming debt default crisis in Greece amidst month-end demand for the greenback from importers.

  • Bombay stock exchange
    Jun 29, 2015 09:53 IST

    Sensex ends 166 points down, recovers 430 points from day's low

    After tumbling over 602 points in early trade spooked by Greece concerns that may trigger capital outflows, the benchmark BSE Sensex recovered over 435 points, powered by gains in HUL, ITC, L&T, ICICI Bank and Dr Reddy's, but still closed down over 166 points.

  • AIIB
    Jun 29, 2015 15:01 IST

    50 nations including India sign pact on China-led investment bank

    Representatives from 50 founding countries, including India, today signed an agreement that provided the legal framework for the China-led $ 100 billion multilateral Asian Infrastructure Investment Bank (AIIB).