Business

  • Black money case
    Mar 31, 2015 13:20 IST

    Income tax department 'names and shames' big tax defaulters

    The Income Tax department on Tuesday took to the strategy of 'naming and shaming' of some large tax defaulters as it published names of 18 entities who owe over Rs 500 crore tax to the exchequer.

  • SBI
    Mar 31, 2015 14:08 IST

    SBI to divest up to 10% stake in its life insurance venture

    State Bank of India (SBI) on Tuesday said it plans to divest up to 10% stake in its life insurance arm SBI Life.

  • Ellen Pao
    Mar 31, 2015 13:21 IST

    Ellen Pao verdict: a lesson in gender, fairness for Indian start-ups

    There could not be a better time to be an investor or an entrepreneur in India. But the absence of women in technolgy startups and investing is galling.

  • Bombay Stock Exchange
    Mar 31, 2015 10:15 IST

    Sensex falls 18 points, gauge climbs 25% in fiscal 2014-15

    The benchmark Sensex on Tuesday inched lower by about 18 points to close at 27,957.49, wrapping up 2014-15 with hefty 25% gain -- its best performance in six fiscal years -- buoyed by foreign investments after the Narendra Modi-led government took charge.

  • rupee
    Mar 31, 2015 10:05 IST

    Rupee gains 10 paise against dollar in early trade

    The rupee recovered by 10 paise at 62.57 against the US dollar in early trade on Tuesday at Interbank Foreign Exchange on fresh selling of the American currency by exporters.

  • Jack Ma
    Mar 31, 2015 00:34 IST

    Jack Ma meets Modi; Alibaba to help small businesses in India

    Looking to expand its presence in India, Chinese ecommerce giant Alibaba's chairman Jack Ma on Monday met Prime Minister Narendra Modi, as he came on a visit to India for the second time in just about four months.

  • Raghuram Rajan
    Mar 30, 2015 22:46 IST

    RBI provides banks more flexibility to cover bad loan

    The Reserve Bank of India (RBI) on Monday allowed banks to divert a greater share of a mandatory contingency fund to provide for bad loans, a move that will improve lenders’ profitability and bolster their balance sheets.

  • BPO executive
    Mar 30, 2015 22:58 IST

    SA-based PayU embarks on major expansion, to hire 1,000 in India

    Driven by increasing internet usage for making payments and online purchases, mobile wallet companies such as Paytm, Oxigen, Citrus, MobiKwik have been on a hiring drive in recent weeks.

  • Bombay Stock Exchange
    Mar 30, 2015 09:56 IST

    Sensex surges 517 points as oil, RBI drive markets

    The Sensex on Monday surged 517 points, or 1.88%, to end at 27,975.86, as banks and other large-cap stocks rose after the Reserve Bank of India relaxed provisioning norms for bad loans that would improve the balance sheets of most lenders.

  • Internet
    Mar 30, 2015 23:00 IST

    Government restricts entry to financial services department

    Following reports of alleged leaking of sensitive information from various ministries, the department of financial services, which includes banking and insurance divisions, has decided to restrict visitors’ entry into office premises.

  • A car owner
    Mar 30, 2015 08:20 IST

    Oil prices dip as Iran, world powers seek nuclear deal

    Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Iran and six world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a prelminary deal by Tuesday.

  • SEBI
    Mar 30, 2015 15:46 IST

    Sebi to finalise regulations for start-ups by June

    Capital markets regulator Sebi said on Monday that by June it will finalise norms for start-ups which will incentivise them to list within the country, and sees a revival in the primary markets over the next 6-9 months.

  • Moody's
    Mar 30, 2015 15:14 IST

    India's steps to revive gas-based plants to help banks: Moody's

    Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said on Monday.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Mar 30, 2015 09:36 IST

    Rupee falls 26 paise on fresh dollar demand

    The rupee fell by 17 paise to 62.58 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to rise in the American currency's value against other global currencies amid month-end demand for the dollar from importers.

  • A notice pasted outside a
    Mar 29, 2015 22:46 IST

    PSU banks hit by low non-core business valuations

    Public sector banks, which need to raise nearly Rs 2.5 lakh crore to meet the stringent Basel-III capital requirement norms, have been finding it tough to raise capital by hiving off their non-core businesses.