Business

  • Jack Ma
    Mar 31, 2015 00:34 IST

    Jack Ma meets Modi; Alibaba to help small businesses in India

    Looking to expand its presence in India, Chinese ecommerce giant Alibaba's chairman Jack Ma on Monday met Prime Minister Narendra Modi, as he came on a visit to India for the second time in just about four months.

  • Raghuram Rajan
    Mar 30, 2015 22:46 IST

    RBI provides banks more flexibility to cover bad loan

    The Reserve Bank of India (RBI) on Monday allowed banks to divert a greater share of a mandatory contingency fund to provide for bad loans, a move that will improve lenders’ profitability and bolster their balance sheets.

  • BPO executive
    Mar 30, 2015 22:58 IST

    SA-based PayU embarks on major expansion, to hire 1,000 in India

    Driven by increasing internet usage for making payments and online purchases, mobile wallet companies such as Paytm, Oxigen, Citrus, MobiKwik have been on a hiring drive in recent weeks.

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

    Sensex surges 517 points as oil, RBI drive markets

    The Sensex on Monday surged 517 points, or 1.88%, to end at 27,975.86, as banks and other large-cap stocks rose after the Reserve Bank of India relaxed provisioning norms for bad loans that would improve the balance sheets of most lenders.

  • Internet
    Mar 30, 2015 23:00 IST

    Government restricts entry to financial services department

    Following reports of alleged leaking of sensitive information from various ministries, the department of financial services, which includes banking and insurance divisions, has decided to restrict visitors’ entry into office premises.

  • 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.

  • SEBI
    Mar 30, 2015 15:46 IST

    Sebi to finalise regulations for start-ups by June

    Capital markets regulator Sebi said on Monday that by June it will finalise norms for start-ups which will incentivise them to list within the country, and sees a revival in the primary markets over the next 6-9 months.

  • Moody's
    Mar 30, 2015 15:14 IST

    India's steps to revive gas-based plants to help banks: Moody's

    Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said on Monday.

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

    Rupee falls 26 paise on fresh dollar demand

    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.