Business

  • Nasdaq
    Mar 03, 2015 09:09 IST

    Nasdaq 5,000: Index passes dot-com milestone after 15 years

    The long climb back for the Nasdaq, once a symbol of investor recklessness and self-delusion, has been marked by significant changes in its composition. Telecommunications stocks now represent less than 1% of the index, versus 12% in 2000.

  • RBI
    Mar 02, 2015 23:10 IST

    Monetary framework targets price control

    Government makes cooling inflation RBI’s top priority, sets retail inflation goal of 6% by Jan 2016, 4% by March 2017

  • Budget, oil, petroleum
    Mar 02, 2015 23:10 IST

    Govt open to divesting over 51% in PSUs as part of 'strategic sale'

    Consolidating its position in online and mobile app-based cab aggregator space, domestic Ola (formerly Olacabs) has bought rival TaxiForSure in a cash-and-equity deal worth $200 million (Rs 1,239 crore). The company is competing against Uber, a global player, which too is vying for a lion’s share in the fast-growing online taxi booking business in India.

  • Arun Jaitley
    Mar 02, 2015 21:08 IST

    Fiscal deficit at Rs 5.68 lakh crore, breaches budget estimates

    Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107% which may call for harder measures by the government to meet the target of 4.1% of the GDP for full 2014-15 financial year.

  • Why did EC allow Rahul's roadshow and deny Modi, asks Jaitley
    Mar 02, 2015 23:17 IST

    DIPP notifies hike in insurance FDI to 49%

    In a bid to operationalise the path-breaking decision to hike the foreign direct investment (FDI) limit in the insurance sector, the commerce and industry ministry on Monday notified the sectoral cap increase to 49%.

  • A taxi driver in Mumbai
    Mar 02, 2015 15:29 IST

    Cab service Ola buys TaxiForSure in $200-million deal

    Consolidating its position in online and mobile app-based cab aggregator space, domestic Ola (formerly Olacabs) has bought rival TaxiForSure in a cash-and-equity deal worth $200 million (Rs 1,239 crore). The company is competing against Uber, a global player, which too is vying for a lion’s share in the fast-growing online taxi booking business in India

  • RBI
    Mar 02, 2015 16:38 IST

    RBI may cut interest rates as early as this week: Analysts

    The Reserve Bank may cut key interest rates as early as this week, as the fiscal measures announced in the Union Budget are unlikely to disturb the "disinflation" trend, say analysts.

  • Budget, infrastructure
    Mar 02, 2015 10:19 IST

    Nifty logs new closing peak, Sensex gains 97 points on Budget cheer

    The benchmark sensex on Monday rose for the third straight session, gaining 97.64 points to end at 29,459.14 and the Nifty index increased 54.90 points to new closing peak of 8,956.75 as investors cheered growth-oriented proposals in the Union Budget.

  • Arun Jaitley
    Mar 02, 2015 00:26 IST

    Fiscal deficit slack is not good, say rating agencies

    India’s wait for a ratings upgrade may get longer. Rating agencies have expressed concerns over finance minister Arun Jaitley’s budget proposal to cut India’s fiscal deficit – the amount the government borrows to balance its books – to 3% in three years, instead of two as envisaged earlier.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Mar 02, 2015 10:08 IST

    Rupee weakens four paise against US dollar

    The rupee lost 8 paise to Rs 61.91 against the dollar in early trade on Monday on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

  • Black money case
    Mar 02, 2015 00:26 IST

    Government will offer last chance on black money stashed abroad

    Indians holding black money abroad will be given a chance to disclose overseas bank accounts or wealth and avoid a jail term, minister of state for finance Jayant Sinha has said.

  • Narendra Modi
    Mar 01, 2015 22:28 IST

    Focus on meeting cyber-security challenges, Modi tells IT industry

    Prime Minister Narendra Modi on Sunday urged the domestic infotech industry to focus on meeting the global challenge of cyber-security and exploit the huge opportunity to generate wealth and fame for country.

  • Sensex
    Mar 01, 2015 22:36 IST

    Markets likely to rally this week on GAAR deferral, limits on MAT

    Markets are expected to rise this week as a reduction in corporate taxes, deferral of GAAR and removal of minimum alternate tax (MAT) for foreign investors have boosted investor sentiment, experts said.

  • Alessandro del Piero Delhi Dynamos FC Indian Super League ISL FC Pune City
    Mar 01, 2015 22:43 IST

    Good news for sporting buffs, costly match tickets to get cheaper

    If you are a sports buff, the budget has good news for you. Ticket prices for all recognised sporting events including international matches, the 20-20 cricket league, Indian Hockey League and the like, are set to fall: the government has exempted these from the service tax net, for tickets that priced at over Rs 500.

  • Apple CEO Tim Cook
    Mar 01, 2015 22:32 IST

    Apple Watch will replace car keys: Tim Cook

    Apple Watch will replace your car keys and its battery will last the whole day, Apple Inc’s chief executive Tim Cook told the Telegraph in an interview. The watch is designed to replace car keys and the clumsy, large fobs that are now used in many vehicles, Cook said. Its battery will last the whole day, and will not take as long to charge as an iPhone, the report quoted Cook as saying.