Business

  • Jul 05, 2015 23:40 IST

    Group company rules for coal auctions to be tightened

    With the intent to try and prevent any chance of cartelisation or collusion among bidders during the forthcoming round of captive coal block auctions in August, the government is mulling tightening the definition of what constitutes a group company.

  • Jul 05, 2015 23:25 IST

    MasterCard testing face recognition ‘selfie’ app

    MasterCard is experimenting with a smartphone app that allows people to confirm their identity and authenticate online transactions via a facial scan.

  • Jul 05, 2015 23:20 IST

    Telecom panel ok with Airtel Zero, not Facebook’s Internet.org

    A panel of the telecommunication department on net neutrality is learnt to have opposed projects such as Facebook’s Internet.org, which allow access to certain websites without mobile data charges, while suggesting that similar plans like Airtel Zero be allowed with prior clearance from the telecom regulator.

  • Jul 05, 2015 23:15 IST

    To stop exodus, IndiGo offers Rs 1 lakh per month hike to pilots

    Amid increased attempts by Gulf carriers to poach highly-skilled commanders from India, the country’s biggest airline by market share, IndiGo, has given a salary hike of up to 13% to its pilots.

  • Jul 05, 2015 17:56 IST

    Ambani gets 205-times of median pay, ITC's Deveshwar 439-times

    Industrialist and India's richest businessman Mukesh Ambani has not taken a pay hike for seven years but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).

  • Jul 05, 2015 00:34 IST

    Adani group to set up Rs 4,536 crore solar power park in TN

    Gujarat-based Adani group signed an MoU with the Tamil Nadu government to set up one of the world’s largest solar parks at a cost of Rs 4,536 crore in the southern district of Ramanathapuram.

  • Jul 04, 2015 16:02 IST

    Gold prices rise after firm buying, following global trend

    Gold prices surged higher at the domestic bullion market on Saturday after sustained offtake from jewellery stockers and retailers amidst a firm overseas trend

  • Jul 04, 2015 00:32 IST

    Four years on, black economy still a grey area

    Even four years after commissioning three think-tanks to estimate the size of the black economy, the government is yet to get an approximate measure about India’s bustling parallel economy that operate between regulatory boundaries.

  • Jul 03, 2015 14:06 IST

    Infosys announces $10 million investment in Irish start-ups

    Global software company Infosys Ltd announced on Friday that it had plans to invest $10 million (Rs 64 crore) in start-ups based in Ireland after winning a deal from Allied Irish Banks, plc.

  • Jul 03, 2015 11:18 IST

    Cost incurred to print a one rupee note is Rs 1.14

    The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is 14 paise more than its value (Rs 1.14), an RTI query has revealed.

  • Jul 03, 2015 10:52 IST

    How to get Greece's economy up and on the road to recovery

    Whatever may come of the Greek referendum and solutions to its current crisis, it is clear that fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start flourishing again.

  • Jul 03, 2015 10:52 IST

    Rajat Gupta's appeal to void insider trading conviction fails

    Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to overturn his insider trading conviction for passing tips about the bank's financial results and a crucial investment from Warren Buffett's Berkshire Hathaway Inc.

  • Jul 03, 2015 07:30 IST

    One number across India: Portability kicks in, free roaming next?

    A consumer will just have to port the number from a service provider to a new operator or the existing one in the state he/she is moving to.

  • Jul 03, 2015 09:07 IST

    EU and IMF add pressure to Greece days ahead of critical vote

    The European Union (EU) and the International Monetary Fund (IMF) added further pressure to Greece's beleaguered leaders on Thursday by issuing a warning about the country's dire financial situation, just days ahead of a controversial referendum that could determine the Mediterranean nation's future in the eurozone.

  • Jul 03, 2015 10:10 IST

    Sensex rises by 147 points, regains the 28,000 mark

    The BSE Sensex on Friday regained the 28,000 mark and rose by 147 points largely on account of higher government spending and renewed buying by Foreign Institutional Investors(FIIs).