Business

  • 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 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).

  • CNN Network 18
    Jun 29, 2015 14:48 IST

    CNN, TV18 to part ways after 10 years of partnership

    Media firm TV18 Broadcast Ltd and Cable News Network, Inc (CNN) will end their partnership at the end of their 10-year-old brand licensing agreement in January next year.

  • Euro
    Jun 29, 2015 09:37 IST

    Asian stocks, euro slide on looming Greece default

    The euro fell almost 2% and share prices fell across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.

  • Indian economy
    Jun 29, 2015 13:27 IST

    Indian exports, capital outflows may be hit by Greece debt crisis

    The economic crisis in Greece may trigger capital outflows from India and the government is consulting the RBI to deal with the situation, finance secretary Rajiv Mehrishi said on Monday.

  • Amazon
    Jun 29, 2015 13:47 IST

    Amazon to offer loans to sellers in China, seven other countries

    Amazon.com Inc will launch its business loan programme for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share.

  • Budget, oil, petroleum
    Jun 29, 2015 14:57 IST

    Greek worries push oil below $62 to three-week low

    Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • Greece
    Jun 29, 2015 08:48 IST

    How much debt-ridden Greece owes to international creditors

    Greece, which may default on an International Monetary Fund debt repayment due on Tuesday after talks with creditors broke down, owes its official lenders 242.8 billion euros ($271 billion), according to a Reuters calculation based on official data, with Germany by far the largest creditor.

  • Indian currency notes
    Jun 29, 2015 11:37 IST

    Rupee dives 24 paise against dollar in early trade

    The rupee shed 24 paise to trade at 63.88 against the US dollar in early trade on Monday at the Interbank Foreign Exchange, extending losses for the fifth consecutive day, due to continued demand for the American currency from importers.