With the Swiss government signing a landmark Automatic Exchange of Information (AEOI) agreement with the European Union (EU) last week, efforts are underway for a similar bilateral pact with India.
Three senior SpiceJet executives, including the airline’s chief of flight safety, have been asked to leave in the last one month, sources said.
India may be staring at its first drought in six years with the government downgrading the monsoon forecast on Tuesday, sparking concerns about growth in Asia’s third-largest economy as it recovers from its worst slowdown in 25 years.
From June 15, BSNL subscribers will not have to pay roaming charges. The service would be offered for a period of one year to begin with, and extended depending on the response.
Belgium is recovering nearly 540 million euros ($600 million) from its “black money” probe into 829 accounts in HSBC Private Suisse Bank in Geneva, the Belgian finance ministry confirmed to HT on Tuesday.
The Reserve Bank of India (RBI) cut its policy interest rate by a quarter percentage point on Tuesday, easing policy for a third time this year, in a move that was widely expected as policymakers try to put the improving economy on a firmer footing.
IoT is a scenario where objects, animals and people are provided with unique identifiers and the ability to transfer data over a network, without requiring human-to-human or human-to-computer interaction.
The BSE Sensex and Nifty lost over 2% on Tuesday and the benchmark 10-year bond yield jumped as a forecast for weak monsoon rains raised doubts over whether the central bank could follow up Tuesday's interest rate cut with another this year.
The rupee is marginally up by 4 paise at 63.66 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.
Nestle USA said it would remove artificial flavours as food companies are under pressure to offer less-processed products amid growing concerns that artificial colors and flavors could cause health problems.
Mahindra and Mahindra Ltd India's top-selling utility vehicle maker, plans to offer Google Inc's Android Auto technology in its vehicles, a top company executive said in a statement on Tuesday.
Doing some plain-speaking, governor Raghuram Rajan on Tuesday said RBI is not a 'cheerleader' and he may have "erred a bit" in lowering the policy rate to push investments as growth was not happening at the ground level.
Power generation machinery maker BHEL has bagged its largest order amounting to Rs 17,950 crore from Telangana State Power Generation Corp (TSGENCO) to set up a 4,000 MW plant at Yadadri.
The nation's largest lender State Bank of India reduced its base rate by 15 basis points on Tuesday after the RBI cut repo rate by 25 basis points. After the RBI decision, realty firms and consultants said the cut is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand.
The government will soon initiate a new scheme to have a network of academic and scientific institutions to inculcate innovation in young minds and to fund start ups across India.