Business

  • Sensex
    Mar 02, 2015 10:19 IST

    Sensex, Nifty turn flat; ITC, auto stocks weigh

    The Sensex on Monday opened high on FII interest and rallied about 150 points in early trade as FIIs made a beeline for premium stocks, before correcting down due to an almost 4% fall in consumer heavyweight ITC.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Mar 02, 2015 10:08 IST

    Rupee down 8 paise against dollar in early trade

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Feb 28, 2015 23:20 IST

    Budget: Common man disappointed as no revision in income tax rate

    In bad news for the salaried class, finance minister Arun Jaitley kept the slabs for personal income tax unchanged, while presenting his first full budget in Parliament on Saturday.

  • Feb 28, 2015 14:39 IST

    Corporate tax to be cut by 5% in 4 years, no change for individuals

    Finance minister Arun Jaitley on Saturday announced a 5% reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2% surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of services.