Business

  • Paytm
    Aug 01, 2015 10:12 IST

    Digital wallet bridges online-offline divide

    Online commerce is booming because of the convenience it provides.

  • Petrol pump
    Jul 31, 2015 22:13 IST

    Petrol prices slashed by Rs 2.43/litre, diesel by Rs 3.60/litre

    Government-run oil marketing companies reduced on Friday the retail prices of petrol and diesel by Rs. 2.43 per litre and Rs. 3.60 per litre, respectively.

  • Union Finance Minister Arun Jaitley with MoS (Finance) Jayant Sinha
    Aug 01, 2015 01:35 IST

    Govt comes to the aid of its banks with Rs 25,000 crore

    In a move that galvanised the stock markets, the government on Friday decided to raise its outlay for recapitalising state-owned banks this financial year to Rs 25,000 crore, more than three times the amount earmarked in the Budget. This money will be given in three tranches.

  • Apple music vs Others
    Aug 01, 2015 10:24 IST

    It’s raining affordable music on smartphones

    Welcome to the world of all-you-can-eat (er, listen) music apps from brands such as Gaana, Rdio, Hungama, Apple Music, Saavn and Wynk, which are defying music pirates with low-priced subscription models.

  • Electricity
    Aug 01, 2015 01:26 IST

    Power woes hit infra sector, growth slows down to 3% in June

    India’s infrastructure output growth slowed to 3% in June, pulled down by a slowdown in electricity production, latest data released on Friday showed.

  • Bombay Stock Exchange
    Aug 01, 2015 01:20 IST

    L&T net plunges 37%, company flays slow reforms

    Despite a marginal growth in overall revenue, engineering major Larsen & Toubro (L&T) on Friday reported a 37.3% decline in consolidated net profit at Rs 606.19 crore in the three months to June due to high base effect in the year-ago period.

  • An airbag of a Honda vehicle in Tokyo on July 6
    Jul 31, 2015 15:19 IST

    Honda three-month profit jumps nearly 20% to $1.5 billion

    Car maker Honda said on Friday that net profit in April-June jumped nearly 20% as strong sales in North America and a weak yen helped offset the impact of an exploding air-bag crisis.

  • Jul 31, 2015 13:22 IST

    ICICI Bank Q1 net profit up by 12% to Rs 2,976 crore

    The bank had a standalone net profit of Rs 2,655.30 crore in the corresponding quarter of last fiscal. The gross non-performing assets (NPAs) as a percentage of total advances of the bank rose to 3.68% during the quarter under review from 3.05% in the same quarter last fiscal, ICICI Bank said in a filing to BSE.

  • Sensex
    Jul 31, 2015 10:19 IST

    Sensex surges 409 points; biggest single-day gain in a month

    The stock market on Friday continued its rally for the third straight day as the benchmark BSE Sensex surged by 409.21 points to 28,114.56 led by gains in banking stocks after the government announced plans to infuse fresh capital into state-run lenders by September.

  • Bombay Stock Exchange
    Jul 31, 2015 09:50 IST

    Rupee weakens by 12 paise against dollar in early trade

    The rupee declined by 12 paise to 64.10 against the US dollar in early trade on Friday, extending weakness for the second day due to appreciation of the American currency overseas.

  • Moody's
    Jul 30, 2015 17:31 IST

    Lack of reforms may derail India's growth: Moody's report

    The report raised fresh questions on the state of RBI, which is in the midst of a controversial overhaul on the governor’s powers in managing interest rates, saying any tampering with the central bank’s autonomy may hurt India’s credibility.

  • A car owner
    Jul 30, 2015 23:46 IST

    Petrol, diesel prices may be cut by up to Rs 4 a litre today

    Come Friday, and there could be some cheer for the common man as oil marketing companies could effect a steep cut in petrol and diesel prices.

  • Modi in Japan
    Jul 30, 2015 22:08 IST

    FDI inflows rose in 2014-15 from 3 countries visited by Modi

    Replying in the Rajya Sabha, external affairs minister Sushma Swaraj said Modi visited 26 countries from June 2014 to July 2015 and all visits had a substantial economic component.

  • Uber
    Jul 31, 2015 10:02 IST

    Uber to invest $1 bn in India; targets 1 million riders a day

    App based taxi aggregator Uber has plans to invest $1 billion into a major initiative in India to target 1 million rides per day by March 2016. The news comes in a few days after it was reported that local rival Ola is in talks to raise $500 million.

  • China stocks
    Jul 31, 2015 11:05 IST

    Chinese stocks set for the biggest monthly loss in six years

    Chinese stocks on Friday fell and looked set to suffer their biggest monthly loss in nearly six years amidst a series of support measures and promises from Beijing to step up efforts to bolster the flagging economy.