Business

  • Mar 29, 2015 11:06 IST

    SpiceJet to add 7 planes; another Rs 500 cr infusion in April

    As it embarks on a revival path, budget carrier SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs 500 crore is expected to be infused by its new owner Ajay Singh next month.

  • Mar 28, 2015 15:09 IST

    Vistara launches special fares starting at Rs 2,129

    To woo customers amid low occupancy in its flights, Tata-SIA joint venture carrier Vistara today rolled out special 90-day advance purchase fares, starting at Rs 2,129.

  • Mar 28, 2015 09:04 IST

    US economic growth likely to weaken in first quarter

    US economic growth decelerated in the fourth quarter of 2014 and is likely to slow further in the first quarter of 2015 despite robust consumer spending, the US Commerce Department said on Friday, a media report said on Saturday.

  • Mar 28, 2015 16:09 IST

    Silk Road projects could benefit India: CII official

    The Silk Road projects announced by Chinese President Xi Jinping could benefit India's infrastructure development, a Confederation of Indian Industry board member said today.

  • Mar 27, 2015 23:24 IST

    Apple CEO Tim Cook to give away all his money to charity

    Apple chief executive Tim Cook plans to give away all his wealth to charity, after setting an amount aside for his 10-year-old nephew’s college education, which can be a fortune in itself at current rates.

  • Mar 27, 2015 22:53 IST

    Vedanta sues India on Cairn tax demand

    Energy giant Vedanta Resources plc on Friday filed a notice of claim against the government’s move to impose Rs 20,497 crore in taxes and penalties on its subsidiary, Cairn India.

  • Mar 27, 2015 23:15 IST

    Use cheques, cards to curb black money, says Arun Jaitley

    Finance minister Arun Jaitley on Friday said India needs to increase the use of cheques and “plastic currency” to clamp down the menace of black money.

  • Mar 29, 2015 09:37 IST

    Australia signs up to negotiations on Chinese-led bank

    Australia announced on Sunday that it would join negotiations to establish a new a Chinese-led Asian regional bank that has emerged as a potential challenge to United States influence in a part of the world where the Obama administration has tried to forge stronger ties.

  • Mar 27, 2015 23:01 IST

    Global financial centre hopes ride on tax incentives, infra facilities

    The government may be going all out to promote Gujarat International Finance Tec-city (GIFT) as a financial services hub on the lines of Singapore, Hong Kong, Dubai and London, but an immediate migration of business — initially estimated to be $50 billion annually — away from these established centres would hinge on clear tax incentives, world-class facilities and sharp prospects of growing trade potential.

  • Mar 27, 2015 23:02 IST

    US stands alone, allies line up to join China-led Asian bank

    The US resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies, and given some heft to China’s frequent complaints that Washington wants to contain its rise as a world power.

  • Mar 27, 2015 13:29 IST

    IndiGo heads towards $400 million IPO as air travel booms

    India's biggest carrier, IndiGo, is preparing to file documents for a stock listing to raise $300 to $400 million, two sources with knowledge of the plans said, as it looks to cash in on a booming air travel market.

  • Mar 27, 2015 15:36 IST

    Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

    Government is likely to exempt oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter ending March 31, a senior Petroleum Ministry official said on Friday.

  • Mar 27, 2015 11:08 IST

    Sensex breaks 7-day losing trend, but volatility continues

    The benchmark BSE Sensex on Friday ended at 27,458.64, up by a marginal 1.06 points to technically snap the seven-session losing streak in a highly volatile trade amid continuing geo-political tensions.

  • Mar 27, 2015 14:30 IST

    Honda to invest $154 million to expand India motorcycle, car output

    Honda Motor Company Ltd said on Friday that it would invest 9.65 billion rupees ($154 million) to expand its motorcycle and automobile production in India, targeting growing demand in Asia's third-largest economy.

  • Mar 27, 2015 10:37 IST

    Rupee rebounds 26 paise against dollar, snaps 2-day losses

    Snapping its two-day losing streak, the rupee today recovered 26 paise to end at 62.41 against the American currency on fresh selling of dollars by banks and exporters amid weakness in the greenback overseas.