- Jun 30, 2015 16:17 IST
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.
- Jun 30, 2015 13:17 IST
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.
- Jun 30, 2015 13:00 IST
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.
- Jun 30, 2015 15:32 IST
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.
- Jun 30, 2015 12:11 IST
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.
- Jun 30, 2015 08:42 IST
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.
- Jun 30, 2015 07:48 IST
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.
- Jun 30, 2015 08:49 IST
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.
- Jun 30, 2015 09:49 IST
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.
- Jun 29, 2015 23:21 IST
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”.
- Jun 30, 2015 02:01 IST
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.
- Jun 29, 2015 20:54 IST
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:
- Jun 29, 2015 18:34 IST
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.
- Jun 29, 2015 09:53 IST
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.
- Jun 29, 2015 15:01 IST
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).