Business

  • Greece Debt
    Aug 03, 2015 14:50 IST

    Greek manufacturing collapsed in July as banks close doors

    Greek manufacturing activity plunged in July to its lowest level on records going back 16 years because of a shortage of new orders and significant supply issues caused by a three-week bank shutdown, a survey revealed on Monday.

  • Snapdeal
    Aug 03, 2015 12:26 IST

    Snapdeal to raise $500mn from Alibaba, SoftBank, Foxconn

    E-commerce giant Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday.

  • Budget, black money
    Aug 03, 2015 14:39 IST

    HSBC profit falls 3.8% in Q2, Brazil sell-off agreed

    HSBC announced on Monday that net profit fell 3.8% in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil's Banco Bradesco.

  • Gold
    Aug 03, 2015 12:36 IST

    Gold struggles after biggest dip in two years

    Gold steadied not far above a 5-1/2-year low on Monday, struggling to scale higher at the start of the month after its deepest loss in two years in July, as expectations for a near-term hike in US interest rates kept sellers nearby.

  • HCL Technologies CEO Anant Gupta
    Aug 03, 2015 11:30 IST

    HCL Tech Q4 net profits slips 2.8% to Rs 1,783 crore

    India's fourth-largest software services firm HCL Technologies reported a 2.8% decline in its consolidated net profit on Monday, amounting to Rs 1,783 crore for the fourth quarter.

  • Bombay stock exchange
    Aug 03, 2015 10:27 IST

    Sensex gains 86 points in early trade

    The BSE banking index spurted by 0.99%. Continuing its upward journey for the fourth straight day, the 30-share BSE barometer rose 72.50 points to close at over one-week high of 28,187.06.

  • Rupee
    Aug 03, 2015 08:05 IST

    Now there's an app that delivers forex at your doorstep

    Now, all you need is to swipe your phone to get the best foreign exchange rate in town! And, if that is not enough get it delivered at your door step, too. Thanks to a new smartphone app for forex introduced by the country’s first foreign exchange aggregator, FXKart.

  • Indian Rupee
    Aug 03, 2015 09:54 IST

    Rupee recovers 17 paise against dollar in early trade

    The rupee recovered 17 paise at 63.96 against the dollar in early trade on Monday, snapping its two-day losing run, on fresh selling of the US currency by exporters amid fall in global crude prices.

  • raghuram rajan
    Aug 02, 2015 23:30 IST

    Will the RBI cut lending rates in monetary policy review?

    Home loan borrowers, companies, policy makers and the market analysts all have one question in mind: Will the Reserve Bank of India (RBI) governor Raghuram Rajan cut lending rates in the monetary policy review on Tuesday?

  • CEOs
    Aug 02, 2015 23:07 IST

    Extensions to chairmen of companies may come under lens

    The role of independent directors would be crucial in cases where chairperons of companies seek extension after attaining the age of 70 years.

  • M Govinda Rao Member of FSLRC RBI governor veto power
    Aug 02, 2015 23:05 IST

    Proposal to clip RBI guv’s veto not the FSLRC view, says member

    In a new twist to the controversial proposal to strip the Reserve Bank of India governor of his veto power in interest rate decisions, an FSLRC member has said the draft bill does not reflect the views of the panel.

  • China economy
    Aug 02, 2015 17:30 IST

    Internet, e-commerce modernising agriculture sector in China

    The internet aided by e-commerce is helping boost the income of Chinese farmers and tranforming the backward agricultural sector into a lucrative modern industry.

  • Maggi
    Aug 01, 2015 18:48 IST

    Nestle India chief says priority is to bring Maggi back to market

    With the Maggi ban hitting sales of the company's other products, Nestle India's new managing director Suresh Narayanan on Saturday said bringing the instant noodles brand back to the market is his top priority as he sought to strike a conciliatory note with authorities.

  • ONGC
    Aug 01, 2015 20:40 IST

    Mahawar takes over as ONGC director of onshore operations

    Ved Prakash Mahawar took over as the director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC) on Saturday.

  • Gold jewellery
    Aug 01, 2015 16:40 IST

    Gold rebounds on good buying, global cues

    Gold prices rebounded smartly at the bullion market in Mumbai on Friday following good buying by stockists as well as local consumers amid bullish global cues.