Business

  • Indian economy
    Aug 31, 2015 17:55 IST

    GDP growth slows to 7% in April-June quarter

    India's economic growth slowed to 7% in the three months through June from 7.5% in the previous quarter, government data showed on Monday.

  • Petrol
    Aug 31, 2015 19:04 IST

    Petrol price cut by Rs 2 per litre, diesel by 50 paise

    Petrol price was cut by Rs 2 per litre and diesel by 50 paise on Monday evening, the third reduction in rates this month following global cues.

  • Another Gurgaon in the making?
    Aug 31, 2015 18:07 IST

    Infrastructure sector growth slows to 1.1% in July

    Infrastructure sector growth slowed to 3-month low of 1.1% in July as output of crude oil, natural gas and steel contracted, making a case for a further rate cut by the Reserve Bank.

  • Algo trading, depressed trader, sad trader
    Aug 31, 2015 19:03 IST

    Asia stocks suffer fresh losses, further volatility expected

    Chinese stocks sank again on Monday, dragging most other Asian bourses lower amid uncertainty over US interest rates, reviving fears of a broader global economic slowdown that has rocked the world's financial markets.

  • Ratan Tata
    Aug 31, 2015 20:13 IST

    Ratan Tata invests in Infinite Analytics

    Chairman emeritus of Tata Sons, Ratan Tata, has invested in Infinite Analytics, a predictive technology firm. He has been aggressively investing in startups, ranging from eCommerce firms to cab aggregators, like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Xiaomi and Ola.

  • Bihar elections
    Aug 31, 2015 20:37 IST

    BRICS bank is 'coming of age of developing countries': KV Kamath

    India and China are among the first countries to have shown interest in borrowing money for environment-friendly infrastructure projects from the newly formed development bank initiated by the BRICS (Brazil, Russia, India, China, South Africa), the bank’s president, KV Kamath has said.

  • Flipkart
    Aug 31, 2015 14:24 IST

    Flipkart customers to get refund in 24 hours with new mechanism

    E-commerce major Flipkart on Monday launched its instant refund mechanism facility, a move that will help its customers get refunds within 24 hours of returning the product.

  • Economy
    Aug 31, 2015 21:52 IST

    Slower-than-expected GDP growth boosts rate cut calls

    Indian economy's growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts.

  • Home Secretary Rajiv Mehrishi
    Aug 31, 2015 14:36 IST

    India plans to amend RBI Act to set up monetary panel: Mehrishi

    The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring finance secretary Rajiv Mehrishi told Reuters.

  • Bombay stock exchange
    Aug 31, 2015 10:22 IST

    Sensex falls 109 points ahead of GDP data, Nifty down 31 pts

    In a highly volatile trade, market benchmark BSE Sensex dropped over 109 points on Monday and the Nifty slipped below the 8,000-mark due to selling by funds and retail investors ahead of the release of June quarter GDP data and weakness in domestic currency.

  • Indian Rupee
    Aug 31, 2015 10:22 IST

    Rupee falls 34 paise to one-week low at 66.48 against dollar

    The rupee dropped by 34 paise on Monday to close at one-week low of 66.48 against the US dollar on persistent month-end demand for the American currency from importers. Besides, fresh fall in equity market affected the value of the rupee against the US dollar.

  • Airtel
    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.

  • growth, base year, economics
    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.

  • Foxconn
    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.

  • Sun Pharma
    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".