Business

  • Medicines
    Apr 27, 2015 23:17 IST

    Govt to revive sick pharma cos in booster dose for Make in India

    In a move that will serve as a booster dose for Prime Minister Narendra Modi’s ‘Make in India’ initiative, the government plans to revive several closed and loss-making pharma public sector units (PSUs).

  • A gas pipeline. (agencies)
    Apr 27, 2015 22:56 IST

    Govt may ship home 30% cheaper natural gas from Africa

    As part of India’s proposed additional $6 billion (Rs 36,000 crore) investment in Mozambique’s Rovuma Area-1 gas field, the government is looking to ship home natural gas that is about 30% cheaper than the prevailing international price.

  • Indian Finance Minister Arun Jaitley.
    Apr 27, 2015 18:17 IST

    Arun Jaitley seeks to reassure foreign investors on MAT dues

    Amidst a welter of concern over new retrospective tax demands, Union finance minister Arun Jaitley on Monday sought to reassure foreign investors that he was considering a committee to explore ‘what can be done to resolve the past, and move beyond’ to ensure certainty.

  •  Mukesh Ambani
    Apr 27, 2015 19:18 IST

    Mukesh Ambani richest Indian again , moves ahead of Dilip Shanghvi

    Industrialist Mukesh Ambani on Monday regained his position as the world's richest Indian with a networth of $19.6 billion, as pharma tycoon Dilip Shanghvi slipped to the second place after remaining on the top for about seven weeks.

  • Vijay Mallya
    Apr 27, 2015 17:19 IST

    United Spirits appoints new finance head, company secretary

    Liquor firm United Spirits (USL) on Monday appointed Vinod Rao as the Head of Finance and V Ramachandran as the company secretary and compliance officer of the firm.

  • SpiceJet
    Apr 27, 2015 17:17 IST

    SpiceJet cuts fare, to operate 2 more flights to quake-hit Nepal

    No frills carrier SpiceJet on Monday cut down base fare for its evening flights to Kathmandu to Rs 1 for two days starting from Monday, and announced that it will mount two more special planes to aid evacuation of travellers stranded in earthquake-devastated Nepal.

  • ICICI Bank
    Apr 27, 2015 16:49 IST

    ICICI Q4 net profit up 10% at Rs 2,922 crore, bad loans rise

    India’s largest private sector lender ICICI Bank reported a better-than-expected 10% rise in standalone net profit for the January-March quarter at Rs 2,922 crore, helped by strong demand for retail loans.

  • Union Finance Minster Arun Jaitley.
    Apr 27, 2015 12:55 IST

    Taxation policy has to be non-adversarial: Jaitley

    Promising a business friendly environment to woo foreign investments, finance minister Arun Jaitley on Monday made it clear that retrospective tax will not be imposed and that taxation policy has to be "non-adversarial".

  • Change of guard at Maruti
    Apr 27, 2015 14:12 IST

    Maruti Q4 net zooms 60% as volumes rise, costs fall

    Beating market expectations, India’s largest car manufacturer Maruti Suzuki India Ltd on Monday reported a 60.5% year-on-year jump in fourth-quarter net profit to Rs 1,284 crore, on the back of higher sales and favourable foreign exchange rates.

  • Dubai
    Apr 27, 2015 13:18 IST

    Indians largest non-Arab investors in Dubai real estate market

    Indian nationals have emerged the largest non-Arab investors in Dubai’s real estate market, accounting for property transactions worth 3.040 billion Dhirams ($820.8 million) in the first quarter of 2015.

  • 3
    Apr 26, 2015 13:31 IST

    Ratan Tata bets on smartphone race, picks up stake in Xiaomi

    Iconic business leader Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.

  • Narendra Modi
    Apr 26, 2015 23:22 IST

    Public sector banks to hardsell Jan Dhan overdraft benefit

    The government has asked public sector banks to proactively inform account holders under the PM's Jan Dhan Yojana about their eligibility to take an overdraft.

  • budget, BSE
    Apr 27, 2015 10:17 IST

    Sensex dives 261 points on muted earnings, tax worries

    On its third straight fall on Monday, the benchmark BSE Sensex plunged 261 points to a fresh three-and-a-half months low of 27,176.99 on sustained capital outflows and disappointing March quarter earnings so far.

  • Indian Rupee
    Apr 27, 2015 10:35 IST

    Rupee falls 21 paise at 4-month low against USD in early trade

    Extending losses for the third consecutive day, the rupee shed 21 paise to hit a four-month low of 63.77 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to continued demand for the American currency from importers.

  • hdfc
    Apr 26, 2015 23:19 IST

    HDFC Bank offers 10-second loan nod

    Your loans will not only become cheaper, but will be disbursed faster, within seconds.