Business

  • Subrata Roy
    Mar 03, 2015 22:30 IST

    Bank of China moves in to sell Sahara’s Grosvenor House

    The Sahara Group may lose its hold on the iconic Grosvenor House hotel in London as its largest creditor, Bank of China, has put the property up for sale to recover its dues.

  • Black money case
    Mar 03, 2015 23:46 IST

    Law to end ‘benami’ deals in the works

    In tandem with its efforts to bring back black money stashed abroad, the finance ministry is planning to introduce a new and comprehensive Benami Transactions (Prohibition) Bill during the ongoing Budget session of Parliament.

  • SpiceJet
    Mar 03, 2015 23:59 IST

    SpiceJet seeks govt nod for rejigging board

    SpiceJet’s founder and new promoter Ajay Singh has begun the process of rejigging the airline’s board.

  • Bombay Stock Exchange
    Mar 03, 2015 10:14 IST

    Nifty tops 9K for first time, Sensex up 135 points as stocks rally

    After three sessions of gains, the benchmark BSE Sensex fell by over 75 points in early trade on Tuesday on emergence of profit-booking by participants amid disappointing economic data.

  • Sun Pharma
    Mar 03, 2015 11:00 IST

    Sun Pharma to buy GSK's opiates business in Australia

    Sun Pharmaceutical Industries Ltd, India's largest drugmaker by sales, said on Tuesday it has agreed to buy GlaxoSmithKline's opiates business in Australia.

  • ‘Work on 95% projects will come to a stop’
    Mar 03, 2015 21:39 IST

    Larsen and Toubro bags orders worth Rs 2215 crore

    Larsen and Toubro’s (L&T) construction arm won orders amounting to R2215 crore in the last two months across various segments, the company said in a press release on Tuesday.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Mar 03, 2015 10:09 IST

    Rupee falls 5 paise vs US dollar, ends at 61.92

    The rupee depreciated by 4 paise to trade at 61.91 against the US dollar in early trade on Tuesday, extending Monday's weakness due to sustained demand for the American currency from importers.

  • 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.

  • Sensex
    Mar 03, 2015 15:10 IST

    Nifty reaches all-time high, crosses 9,000 mark

    The broader Nifty rose to a record high on Tuesday led by gains in Reliance Industries after CLSA said the conglomerate could report a record profit for the fourth quarter, while hopes of higher weightage in the MSCI index also helped.

  • 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.