Business

  • Another Gurgaon in the making?
    Aug 31, 2015 18:07 IST

    Infrastructure sector growth slows to 1.1% in July

    Infrastructure sector growth slowed to 3-month low of 1.1% in July as output of crude oil, natural gas and steel contracted, making a case for a further rate cut by the Reserve Bank.

  • Indian economy
    Aug 31, 2015 17:55 IST

    GDP growth slows to 7% in April-June quarter

    India's economic growth slowed to 7% in the three months through June from 7.5% in the previous quarter, government data showed on Monday.

  • Flipkart
    Aug 31, 2015 14:24 IST

    Flipkart customers to get refund in 24 hours with new mechanism

    E-commerce major Flipkart on Monday launched its instant refund mechanism facility, a move that will help its customers get refunds within 24 hours of returning the product.

  • Home Secretary Rajiv Mehrishi
    Aug 31, 2015 14:36 IST

    India plans to amend RBI Act to set up monetary panel: Mehrishi

    The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring finance secretary Rajiv Mehrishi told Reuters.

  • Aug 31, 2015 10:22 IST

    Sensex falls 109 points ahead of GDP data, Nifty down 31 pts

    In a highly volatile trade, market benchmark BSE Sensex dropped over 109 points on Monday and the Nifty slipped below the 8,000-mark due to selling by funds and retail investors ahead of the release of June quarter GDP data and weakness in domestic currency.

  • Indian Rupee
    Aug 31, 2015 10:22 IST

    Rupee declines by 16 paise against dollar in early trade

    For the second straight day, the rupee slumped by 16 paise to 66.30 against the US dollar in early trade on sustained month-end demand for the American currency overseas.

  • Airtel
    Aug 30, 2015 15:31 IST

    Airtel, Idea hike post-paid data tariff in Delhi, other circles

    Bharti Airtel and Idea Cellular have hiked charges for their post-paid users by around 20% in various circles including Delhi after increasing data tariff for pre-paid customers in the national capital.

  • growth, base year, economics
    Aug 31, 2015 09:51 IST

    India's GDP growth tops that of China in first quarter

    For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.

  • Foxconn
    Aug 30, 2015 23:46 IST

    Now, Foxconn looks to set up payments bank

    Taiwanese technology major Foxconn, which has already lined up $20-billion (Rs 1.3 lakh-crore) investment plans for India, is now looking to set up a payments bank in the country.

  • Aug 30, 2015 23:56 IST

    Sun Pharma, Wockhardt recall drugs from US market

    Sun Pharma recalled multiple lots of Bupropion Hydrochloride Extended- release Tablets USP (SR), 200mg, 60-count bottle, from the US market for "failed dissolution specification", while Wockhardt started recalling its Lisinopril Tablets USP, 5mg and 20mg for "CGMP violations".

  • Aug 31, 2015 00:06 IST

    Some friendly caution for startup employees

    For the hundreds of startups mushrooming in India, there is a valuable lesson: Enjoy the ride, but do keep an eye on the scoreboard. They do start counting at some point.

  • Credit card
    Aug 30, 2015 23:33 IST

    Draft Cabinet note moots incentives for e-payments

    The finance ministry plans to offer consumers and merchants incentives in the form of fee waivers and tax benefits, who pay through debit or credit cards and do away with transaction charges for purchase petrol, gas and rail tickets.

  • Guru Hargobind power plant
    Aug 30, 2015 23:13 IST

    Many ultra-mega power projects fail to take off, future uncertain

    The government’s ambitious ultra-mega power projects (UMPPs) is now staring at a bleak future, as projects failing to take off, and the deadline for giving comments on new bidding norms for UMPPs expiring on September 1. Power players including Reliance and Tata have already shut their major projects.

  • Assocham
    Aug 30, 2015 19:00 IST

    Land acquisition ordinance lapse setback to reforms: Assocham

    Government's decision to allow the Land acquisition ordinance to lapse and return to the previous Act is a "setback to economic reforms", industry body Assocham said on Sunday. Assocham said this would also make acquisition of land for crucial industrialisation a "herculean task".

  • Narendra Modi, Red Fort, 69th Independence Day
    Aug 30, 2015 23:06 IST

    PM Modi to keep close eye on government's social schemes

    PM Narendra Modi will himself keep an eye on the progress of these schemes and hold review meetings from time to time, sources said. By October, the government is set to bring in the bankruptcy law, which is likely to further boost the Make in India initiative.