Business

  • Raghuram Rajan
    Aug 29, 2015 14:12 IST

    RBI not done with rate cut, still in accommodative mode: Rajan

    Hinting at the fourth interest rate cut this year, Reserve Bank of India governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth.

  • Reliance Group, DAAP, Mihan, Nagpur, Anil Ambani, Devendra Fadnavis, Nitin Gadkari,
    Aug 29, 2015 22:57 IST

    Anil Ambani to set up Rs 6,500 crore aerospace project in Nagpur

    Dhirubhai Ambani Aerospace Park (DAAP) in Mihan will create 1,500 jobs in the primary sector, around 3,500 in the secondary and 5,000 in the tertiary sector respectively.

  • Air India
    Aug 29, 2015 17:26 IST

    Air India pilots to vote on stopping ops

    Fresh trouble could be brewing for debt-laden Air India (AI) with a section of pilots contemplating to strike work in protest against a recent notification to remove senior pilots (captains and commanders) from “workmen” category.

  • Swiss bank
    Aug 29, 2015 19:39 IST

    Swiss to repay $700,000 to Norway after fraud conviction

    Swiss authorities will repay creditors around $700,000 in embezzled funds stashed in a Swiss bank account, in one of Norway's biggest-ever bankruptcies, prosecutors said this week.

  • Illustration: Jayanto
    Aug 30, 2015 00:37 IST

    New age start-ups get support from angels of a different kind

    Many of these unusual angels continue to do other things. Krishnan runs Brick Eagle. Kiran works as a management consultant. Shroff has a large portfolio of stocks and bonds. Uthappa plays cricket.

  • China yuan devaluation Economy
    Aug 28, 2015 23:17 IST

    As China falters, foreign investors put bets on India

    The slowdown in the Chinese economy has shifted focus of foreign investor attention to India, with macro stabilities such as comfortable fiscal position, low inflation and adequate forex reserves coming in India’s favours.

  • Drugs medicine
    Aug 28, 2015 23:22 IST

    HIV, cancer, diabetes drugs likely to cost less

    Medicines used for the treatment of life-threatening diseases such as HIV, tuberculosis, diabetes and cancer are set to get cheaper. The Department of Pharmaceuticals is in the process of drafting a supplementary list of life-saving formulations.

  • Another Gurgaon in the making?
    Aug 28, 2015 21:43 IST

    Brookfield bags road, power deals in Indian infrastructure foray

    Canada's Brookfield Asset Management made its first significant investment in Indian infrastructure, buying six road and three power projects on Friday from India's Gammon Infrastructure Projects Limited.

  • investment adviser
    Aug 29, 2015 01:47 IST

    Firm truths: Investing in start-ups is almost a science

    It is established that seven out of 10 – some say nine -- will fail. But the three that work – all right, one -- will make you very rich.

  • Jacqueline Fernandez
    Aug 29, 2015 00:04 IST

    Payments banks can unlock Rs 14 lakh crore funds

    With the setting up of 11 new payments banks in the country, an incremental amount of at least Rs 14 lakh crore per annum may be freed up for funding the infrastructure sector, an internal study by the State Bank of India (SBI) said.

  • nationwide strike
    Aug 28, 2015 22:59 IST

    Renault-Nissan puts on hold Rs 5,000 cr India plan

    At a time when the government is pulling out all the stops to attract investments under its Make in India campaign, automobile major Renault-Nissan India has put on hold its plans to invest Rs 5,000 crore in the country.

  • Renault-Nissan Alliance
    Aug 29, 2015 00:19 IST

    Airtel, Dabur among top 50 Hot Brands

    Bharti Airtel, HCL Technologies, Snapdeal, Coca-Cola, Dabur, Samsung and Sony India were among the companies that bagged Top 50 Hot Brand awards, at the second edition of the Delhi NCR Brand Summit and Hot 50 Brands.

  • Raghuram Rajan
    Aug 28, 2015 13:11 IST

    RBI likely to cut interest rates in September policy meet

    There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier.

  • Aug 28, 2015 10:13 IST

    Sensex climbs 161 points as Sept F&O series begin

    The benchmark BSE Sensex surged 161 points to settle above the 26,000 level as investors got down to creating fresh long positions in the new derivatives series amid a firming global trend following upbeat US data.

  • Hot Brand award
    Aug 28, 2015 10:06 IST

    Rupee falls 10 paise to 66.14 against US dollar

    The rupee recovered marginally by two paise to 66.02 against the US dollar in early trade on Friday amid gains in stock markets.