Business

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

    Cab service Ola buys rival TaxiForSure for $200 million

    The deal by Ola, backed by Japan's SoftBank Corp, is among the biggest in India's startup industry after Flipkart's purchase of Myntra for about $300 million in May last year.

  • 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.

  • Budget, oil, petroleum
    Mar 01, 2015 22:35 IST

    New budget definition of ‘resident’ status may lead to rise in litigation

    The budget has been widely hailed for making foreign companies and overseas investors happy. But, it is likely to increase litigations, especially with respect to the definition of ‘resident of India’ for offshore companies.

  • Construction
    Mar 01, 2015 14:19 IST

    Union Budget 2015 shuns big-bang reforms: Experts

    The government's budget was praised on Sunday as balancing the need to boost business and help the poor, but some experts were disappointed at a lack of big-bang reforms to Asia's third largest economy.

  • Another Gurgaon in the making?
    Mar 01, 2015 19:22 IST

    Tax sops may help REITs attract USD 1 billion funds in 2015

    Real Estate Investment Trusts (REITs) could attract USD 1 billion worth funds this calendar year following tax benefits announced in the Union Budget, according to property consultant JLL India.

  • Apple4
    Mar 01, 2015 20:43 IST

    Net neutrality: New Internet rules set up industry's next battle

    New rules that aim to protect the openness of the Internet will allow telecom and cable groups to prioritise and earn potentially vast income from some types of data, setting up likely clashes with regulators in the future.

  • Ajit Jain: Superstar of Omaha
    Mar 01, 2015 22:24 IST

    Who will succeed Buffett: Ajit Jain or Greg Abel?

    Berkshire Hathaway vice-chairman Charles Munger reignited the great succession debate at the US-based group, hinting on Saturday it could be India-born Ajit Jain or Greg Abel.