Business

  • A car owner
    Mar 30, 2015 08:20 IST

    Oil prices dip as Iran, world powers seek nuclear deal

    Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Iran and six world powers tried to break an impasse in nuclear negotiations on Sunday ahead of a deadline to find a prelminary deal by Tuesday.

  • Bombay Stock Exchange
    Mar 30, 2015 09:56 IST

    Sensex up 222 pts in early trade on bargain buying

    The BSE Sensex rose sharply by over 222 points in early trade on Monday on bargain buying in stocks by funds and retail investors amid positive cues from other Asian markets.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Mar 30, 2015 09:36 IST

    Rupee drops 17 paise against dollar in early trade

    The rupee fell by 17 paise to 62.58 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to rise in the American currency's value against other global currencies amid month-end demand for the dollar from importers.

  • A notice pasted outside a
    Mar 29, 2015 22:46 IST

    PSU banks hit by low non-core business valuations

    Public sector banks, which need to raise nearly Rs 2.5 lakh crore to meet the stringent Basel-III capital requirement norms, have been finding it tough to raise capital by hiving off their non-core businesses.

  • A man speaks on his BlackBerry phone.
    Mar 29, 2015 22:22 IST

    Telecom companies may quietly raise mobile call rates, but data charges to remain steady

    Telecom consumers watch out, cellular service providers seem set to hike tariffs, but gradually, so that if you are on high-usage low-cost voice plans, you may miss it entirely.

  • Swiss bank
    Mar 29, 2015 23:39 IST

    Black money issue: Swiss banks ask Indian clients for new declarations

    In a development that will further fillip the Indian government’s war on black money, Swiss banks have asked their Indian clients — corporate entities and individuals — to provide fresh undertakings to ensure untaxed money is not stashed in their accounts.

  • Kumar Mangalam Birla
    Mar 29, 2015 22:41 IST

    Aditya Birla Group takes branding route to develop Grasim fibre

    The $40-billion Aditya Birla group, with interests ranging from metals and viscose staple fibre (VSF) to cement, telecom and financial services, is looking to improve its brand visibility and presence in each industry value chain.

  • hong kong
    Mar 29, 2015 22:26 IST

    Foreign companies wary of India’s intellectual property regime

    Global impatience with India’s intellectual property (IP) regime is growing, and could potentially drive away foreign firms or force them to scale down operations, a new study says.

  • Air India
    Mar 29, 2015 21:38 IST

    SBI set to buy residential properties of Air India in south Mumbai

    Country's largest lender State Bank of India has received all necessary approvals to buy residential properties of cash-starved national carrier, Air India, in south Mumbai for Rs 90 crore.

  • RBI
    Mar 29, 2015 21:31 IST

    RBI may hold rates in April, to go for 25 bps cut by June: DBS

    The Reserve Bank of India is likely to hit the pause button in its policy review meet on April 7, but might go for a 25 basis points cut by June, says a report by DBS.

  • Ravi Shankar Prasad
    Mar 29, 2015 17:50 IST

    Spectrum money can aid Net Neutrality in India

    After a painful scandal that paralysed India's parliament for years, involved the Supreme Court and catapaulted a new prime minister into power, the spectrum saga reached a Bollywood-style happy ending last week when the NDA government announced it would net Rs 110,000 crore from the auction of airwaves.

  • Tata Consultancy Services
    Mar 29, 2015 13:05 IST

    Top 10 blue-chip cos shed over Rs 1 trillion in M-cap; TCS top loser

    The top 10 most valued companies saw a combined erosion of over Rs 1 lakh crore to their market capitalisation over the past week, amid a steep fall in the broader market.

  • SpiceJet
    Mar 29, 2015 11:06 IST

    SpiceJet to add 7 planes; another Rs 500 cr infusion in April

    As it embarks on a revival path, budget carrier SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs 500 crore is expected to be infused by its new owner Ajay Singh next month.

  • Vistara
    Mar 28, 2015 15:09 IST

    Vistara launches special fares starting at Rs 2,129

    To woo customers amid low occupancy in its flights, Tata-SIA joint venture carrier Vistara today rolled out special 90-day advance purchase fares, starting at Rs 2,129.

  • Mar 28, 2015 09:04 IST

    US economic growth likely to weaken in first quarter

    US economic growth decelerated in the fourth quarter of 2014 and is likely to slow further in the first quarter of 2015 despite robust consumer spending, the US Commerce Department said on Friday, a media report said on Saturday.