The telecom ministry plans to revive to the state-owned telecom company by getting the first mover advantage. The telecom minister believes this will drop the porting out rate and will attract new subscribers to BSNL.
Nestle USA said it would remove artificial flavours as food companies are under pressure to offer less-processed products amid growing concerns that artificial colors and flavors could cause health problems.
The Reserve Bank of India (RBI) cut its policy interest rate by a quarter percentage point on Tuesday, easing policy for a third time this year, in a move that was widely expected as policymakers try to put the improving economy on a firmer footing.
The BSE Sensex and Nifty lost over 2% on Tuesday and the benchmark 10-year bond yield jumped as a forecast for weak monsoon rains raised doubts over whether the central bank could follow up Tuesday's interest rate cut with another this year.
India may be staring at its first drought in six years with the government downgrading the monsoon forecast on Tuesday, sparking concerns about growth in Asia’s third-largest economy as it recovers from its worst slowdown in 25 years.
The rupee is marginally up by 4 paise at 63.66 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.
Mahindra and Mahindra Ltd India's top-selling utility vehicle maker, plans to offer Google Inc's Android Auto technology in its vehicles, a top company executive said in a statement on Tuesday.
Doing some plain-speaking, governor Raghuram Rajan on Tuesday said RBI is not a 'cheerleader' and he may have "erred a bit" in lowering the policy rate to push investments as growth was not happening at the ground level.
Power generation machinery maker BHEL has bagged its largest order amounting to Rs 17,950 crore from Telangana State Power Generation Corp (TSGENCO) to set up a 4,000 MW plant at Yadadri.
The nation's largest lender State Bank of India reduced its base rate by 15 basis points on Tuesday after the RBI cut repo rate by 25 basis points. After the RBI decision, realty firms and consultants said the cut is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand.
The government will soon initiate a new scheme to have a network of academic and scientific institutions to inculcate innovation in young minds and to fund start ups across India.
Over the recent GDP figures highlighting a 7.1% increase in manufacturing activity in 2014-15, the output of eight core industries contracted by 0.4%.
The HSBC India Purchasing Managers’ Index (PMI) jumped to a four-month high in May.
Former Telecom Minister A Raja had “illegally” granted 2G spectrum licences to ineligible firms, says a statement by the Enforcement Directorate (ED).
The recent volatality in the stock market gives the investor the benefits of growth of equity and relative stability of debt.