• body clock
    Jul 28, 2015 04:41 IST

    Greek crisis: A new avenue for Indian drug exports

    Debt-ridden Greece and the global pharmaceutical industry are not getting along well. The Greek government has recently accused more than 50 pharmaceutical firms, globally, of cutting off supplies of key drugs.

  • RS Sharma
    Jul 28, 2015 03:17 IST

    IT secretary RS Sharma appointed Trai chairman

    Secretary, department of electronics and information technology RS Sharma was on Monday appointed chairman of the Telecom Regulatory Authority of India (Trai).

  • A petrol-pump employee filling fuel
    Jul 28, 2015 03:09 IST

    Petrol and diesel prices may come down from August 1

    Consumers can expect a reduction in petrol and diesel prices on August 1 when oil marketing companies review rates, thanks to falling global prices.

  • Indian Rupee
    Jul 28, 2015 02:56 IST

    Retail loans: Banks look to catch young customers

    Shweta Reddy, 31, working with a startup in the Delhi, recently bought a house In Dwarka. Reddy has taken a 20-year home loan at an EMI (equated monthly instalment) of Rs 65,000.

  • Gold jewellery
    Jul 27, 2015 18:38 IST

    Jeweller Rajesh Exports buys refiner Valcambi for Rs 2,560cr

    Jeweller Rajesh Exports Ltd is ready to buy Swiss company Valcambi, the world's largest gold refiner, for $400 million (about Rs 2,560 crore) to secure raw material supplies at lower prices and add technological expertise to expand operations at home.

  • Bombay Stock Exchange
    Jul 27, 2015 10:38 IST

    Sensex falls 551 points on P-Note concerns, at over 5-week low

    Market again took a beating on Monday, with the benchmark BSE Sensex crashing over 551 points to 27,561.38, its weakest closing in over five weeks, on concerns that stricter norms for participatory notes may hit foreign investments and a major slump in Chinese stocks.

  • Gold illustration
    Jul 27, 2015 15:27 IST

    Gold rises above 66-month low as dollar sags

    Bullion lost more than 3% last week after a rout on Monday accompanied by big volume in New York and Shanghai that sparked more sell-offs and pulled the price as low as $1,077 on Friday, its cheapest since February 2010.

  • Arun Jaitley
    Jul 27, 2015 14:54 IST

    Govt will take views on Financial Code after public comments

    The draft proposed taking away RBI chief's authority to veto the interest rate decision of the central bank's monetary policy committee and talks of 'RBI Chairperson' and not 'RBI Governor'.

  • Shanghai stock index
    Jul 27, 2015 15:29 IST

    Shanghai stocks plummet 8.48% on economy worries

    Shanghai stocks plunged 8.48% on Monday, their biggest fall for more than eight years and defying government efforts to prop up the market.

  • Bombay Stock Exchange
    Jul 27, 2015 10:11 IST

    Rupee plunges to 6-week low of 64.16 against dollar

    Extending losses for the fourth trading session, the rupee on Monday fell by another 12 paise to close at a new 6-week low of 64.16 per dollar on persistent demand for the US currency from banks and importers amid a massive plunge in equities.

  • Ravi Shankar Prasad
    Jul 26, 2015 22:37 IST

    Govt's next people plan: Take the BPOs to the hinterlands

    When communications and information technology minister Ravi Shankar Prasad visited Bangalore soon after taking charge last year, a number of young people, many of them from Bihar and Uttar Pradesh, approached him and said: “Ravi Bhaiya, please do something.” They wanted Prasad to help the educated young people in small towns and villages.

  • Uber
    Jul 26, 2015 23:31 IST

    Amazoned, Bangalored and Uberized: How cool things become verbs

    The controversial taxi service, Uber, has been in the news for safety-related issues, but there is no doubt that it has revolutionised the business by bringing in "ride sharing" - the business of linking unused taxi capacity with passengers through a mobile app that becomes an online marketplace.

  • Electricity
    Jul 26, 2015 23:45 IST

    Powergrid Corporation India to get bulk of transmission projects

    As the government begins rolling out contracts worth Rs 1,08,000 crore for power transmission this year, a breakdown of the numbers shows that state-owned Powergrid Corporation India Ltd (PGCIL) will get a lion’s share of the contracts.

  • Sensex
    Jul 26, 2015 22:47 IST

    Markets watch as Centre readies case before SC hearing on MAT

    Foreign portfolio investors (FPIs) will likely wait and watch, as the government readies its case before the Supreme Court hearing on the applicability of tax on these foreign investors.

  • gold
    Jul 26, 2015 15:30 IST

    Gold prices may fall to Rs 23,000 over Fed rate hike worries

    Gold prices are expected to drop to a low of Rs 23,000 per 10 gram on continuing worries over interest rate hike by Federal Reserve and a stronger US dollar, analysts say.