Business

  • Aug 31, 2015 10:22 IST

    Sensex trips 147 points on profit-booking, weak Asian cues

    The benchmark BSE Sensex was trading lower by 147 points in early deals on Monday on profit-booking after recent gains, while weak Asian cues also weighed.

  • Aug 31, 2015 10:22 IST

    Rupee declines by 16 paise against dollar in early trade

    For the second straight day, the rupee slumped by 16 paise to 66.30 against the US dollar in early trade on sustained month-end demand for the American currency overseas.

  • Aug 30, 2015 15:31 IST

    Airtel, Idea hike post-paid data tariff in Delhi, other circles

    Bharti Airtel and Idea Cellular have hiked charges for their post-paid users by around 20% in various circles including Delhi after increasing data tariff for pre-paid customers in the national capital.

  • Aug 31, 2015 09:51 IST

    India's GDP growth tops that of China in first quarter

    For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.

  • Aug 30, 2015 23:46 IST

    Now, Foxconn looks to set up payments bank

    Taiwanese technology major Foxconn, which has already lined up $20-billion (Rs 1.3 lakh-crore) investment plans for India, is now looking to set up a payments bank in the country.

  • Aug 30, 2015 23:56 IST

    Sun Pharma, Wockhardt recall drugs from US market

    Sun Pharma recalled multiple lots of Bupropion Hydrochloride Extended- release Tablets USP (SR), 200mg, 60-count bottle, from the US market for "failed dissolution specification", while Wockhardt started recalling its Lisinopril Tablets USP, 5mg and 20mg for "CGMP violations".

  • Aug 31, 2015 00:06 IST

    Some friendly caution for startup employees

    For the hundreds of startups mushrooming in India, there is a valuable lesson: Enjoy the ride, but do keep an eye on the scoreboard. They do start counting at some point.

  • Aug 30, 2015 23:33 IST

    Draft Cabinet note moots incentives for e-payments

    The finance ministry plans to offer consumers and merchants incentives in the form of fee waivers and tax benefits, who pay through debit or credit cards and do away with transaction charges for purchase petrol, gas and rail tickets.

  • Aug 30, 2015 23:13 IST

    Many ultra-mega power projects fail to take off, future uncertain

    The government’s ambitious ultra-mega power projects (UMPPs) is now staring at a bleak future, as projects failing to take off, and the deadline for giving comments on new bidding norms for UMPPs expiring on September 1. Power players including Reliance and Tata have already shut their major projects.

  • Aug 30, 2015 19:00 IST

    Land acquisition ordinance lapse setback to reforms: Assocham

    Government's decision to allow the Land acquisition ordinance to lapse and return to the previous Act is a "setback to economic reforms", industry body Assocham said on Sunday. Assocham said this would also make acquisition of land for crucial industrialisation a "herculean task".

  • Aug 30, 2015 23:06 IST

    PM Modi to keep close eye on government's social schemes

    PM Narendra Modi will himself keep an eye on the progress of these schemes and hold review meetings from time to time, sources said. By October, the government is set to bring in the bankruptcy law, which is likely to further boost the Make in India initiative.

  • Aug 30, 2015 19:46 IST

    Italian energy group Eni finds huge gas field off Egypt's coast

    Italian energy group Eni announced on Sunday that it had potentially discovered one of the world's largest natural-gas fields off the Egyptian coast, and predicted that the find could help meet Egypt's gas needs for decades to come.

  • Aug 29, 2015 14:12 IST

    RBI not done with rate cut, still in accommodative mode: Rajan

    Hinting at the fourth interest rate cut this year, Reserve Bank of India governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth.

  • Aug 29, 2015 22:57 IST

    Anil Ambani to set up Rs 6,500 crore aerospace project in Nagpur

    Dhirubhai Ambani Aerospace Park (DAAP) in Mihan will create 1,500 jobs in the primary sector, around 3,500 in the secondary and 5,000 in the tertiary sector respectively.

  • Aug 29, 2015 17:26 IST

    Air India pilots to vote on stopping ops

    Fresh trouble could be brewing for debt-laden Air India (AI) with a section of pilots contemplating to strike work in protest against a recent notification to remove senior pilots (captains and commanders) from “workmen” category.