Business

  • budget, Manufacturing
    Apr 24, 2015 23:14 IST

    Now firms can file single return to comply with 8 laws

    To comply with as many as eight labour laws, firms can now file a single unified return under a new online facility launched by the labour ministry on Friday.

  • Budget
    Apr 25, 2015 00:53 IST

    House panel casts doubt on GDP data, questions revival

    A Parliamentary panel has questioned the credibility of India’s new method to calculate national income, casting doubts of over a recently-released statistical formula that had turned up a surprise: GDP in 2013-14 grew 6.9% instead of the earlier 4.7%.

  • Eric Schmidt
    Apr 24, 2015 23:08 IST

    Google paid Eric Schmidt $109 million last year

    Google paid its billionaire executive chairman Eric Schmidt nearly $109 million (about Rs 650 crore) last year while the company’s stock slumped.

  • Indian Finance Minister Arun Jaitley.
    Apr 24, 2015 13:32 IST

    Jaitley tables GST bill in Lok Sabha: Here's all you need to know

    Finance minister Arun Jaitley introduced the Constitution Amendment Bill to roll out Goods and Services Tax (GST) tabled in Lok Sabha on Friday.

  • Infosys
    Apr 24, 2015 15:09 IST

    Infosys Q4 net profit lags forecast, shares fall 6%

    Infosys Ltd, India's second-largest software services exporter, on Thursday posted a 3.5% rise in quarterly net profit, lagging analyst estimates.

  • A women shop for utensils.
    Apr 24, 2015 16:14 IST

    GST moved in LS amid stiff Opposition resistance

    The long-pending Goods and Services TGST moved in LS amid stiff Opposition resistanceax (GST) Bill was on Thursday moved in the Lok Sabha for consideration amid stiff resistance by several Opposition parties, even as Finance Minister Arun Jaitley said it is a "win-win" measure and states have nothing to fear.

  • Ambani
    Apr 24, 2015 16:57 IST

    Reliance MF ropes in Samsung AMC for strategic alliance

    Top fund house Reliance Capital Asset Management Company roped in on Thursday the largest Korean asset management firm Samsung AMC for a strategic alliance, which will allow the two companies to manage, market and distribute each other's investment products in India and South Korea.

  • Bombay Stock Exchange
    Apr 24, 2015 10:14 IST

    Sensex falls 297 points to over 3-month low, Infosys slumps

    Extending Thursday's losses, the benchmark BSE Sensex fell over 139 points in early trade on Friday due to continued foreign capital outflows and persistent selling by investors amid muted corporate earnings.

  • Apr 24, 2015 17:04 IST

    3% deficit a challenge; to focus on infra, irrigation: Jaitley

    Achieving a 3% fiscal deficit target by 2017-18 is a challenge but the government will not compromise on building public infrastructure and irrigation, finance minister Arun Jaitley said on Friday.

  • Apr 24, 2015 10:18 IST

    Rupee falls further to 63.56, down 24 paise vs dollar

    The rupee declined by 11 paise at fresh three-month low of 63.43 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market.

  • Apr 24, 2015 00:53 IST

    RBI chief wants PMO to act against bank frauds worth Rs 17,500 crore

    RBI chief Raghuram Rajan has written to the prime minister’s office seeking “concerted” action in the country’s 10 biggest bank frauds allegedly involving prominent real estate, media and diamond firms that are being probed by the CBI, officials told HT.

  • cloud
    Apr 23, 2015 23:18 IST

    Banks urge farmers to sow less water-dependent crops

    Public sector banks have directed their financial literacy and credit counselling centres (FLCCs) in rural areas to reach out to farmers, and provide them all kinds of support including training and counseling. Besides, all banks have been instructed to provide them credit according to their requirements.

  • LED lights
    Apr 23, 2015 23:31 IST

    India may lose Rs 24K-cr LED orders to China

    The government in October launched a massive green push to replace 750 million tungsten bulbs with energy-efficient LED ones. But it is the Chinese companies, and not the local manufacturers, who are set to scoop up a bulk of the potential Rs 24,000-crore worth of orders as domestic companies don't have the wherewithal to meet this demand.

  • Deutsche Bank
    Apr 23, 2015 23:21 IST

    Deutsche Bank fined record $2.5 bn for rigging rates

    US and British regulators have fined Deutsche Bank a record $2.5 billion for manipulating a key interbank borrowing rate that benchmarks for hundreds of trillions of dollars of financial products and loans worldwide.

  • RBI
    Apr 23, 2015 22:44 IST

    Add 'third gender' column in all forms: RBI to banks

    In a move aimed at helping transgender persons open bank accounts and avail related services, the Reserve Bank on Thursday directed banks to include a separate column 'third gender' in all their forms and applications.