The report raised fresh questions on the state of RBI, which is in the midst of a controversial overhaul on the governor’s powers in managing interest rates, saying any tampering with the central bank’s autonomy may hurt India’s credibility.
Announced in mid-April, Nokia's acquisition of Alcatel-Lucent at €15.6bn by mid-2016 aims to position the company to better compete with market leader Ericsson of Sweden and low-cost Chinese powerhouse Huawei by forging a strong number two in mobile with a more complete product line.
Facebook Inc reported a fall in its quarterly profit by 9% even as its revenue beat forecasts as the social media company sharply increased spending to boost mobile revenue and future growth.
The government's renewed push for reforms gave the benchmark BSE Sensex a leg-up, which for the second straight day kept up its tempo and ended the session higher by 142 points at 27,705.35.
After a brief pause, the rupee on Thursday fell by 13 paise to end at 64.04 against the US currency on strong month-end dollar demand from importers.
The new breed of jobseekers have become ‘brand conscious’ and is considering the reputation of the company through its website and social media reviews while making career decisions.
Fast-moving consumer goods (FMCG) major Nestle India on Wednesday reported a loss during the April-June quarter as sales took a hit after its popular Maggi noodles were withdrawn from the market over safety concerns.
With an aim to put its troubled past behind it, General Motors, the world’s third-largest carmaker, on Wednesday announced a major overhaul of its near two-decade old operations in India. The company announced an investment of $1 billion (Rs 6,400 crore) towards expanding its capacity at Talegaon, closure of older Halol factory and plans to launch 10 new models by 2020.
In a huge setback for national carrier Air India (AI), eight senior Boeing 787 Dreamliner pilots, on whom the airline had spent about Rs 40 lakh each on training, have resigned.
A day after reporting a net loss of Rs 64.4 crore in its second quarter, Nestle India's stocks opened at 6,011 on Thursday.
Twitter Inc's shares fell more than 11% in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013.
Putting its last four days of losing stretch behind, the benchmark BSE Sensex sprinted again, rallying 104 points to close above the 27,500 level, mostly on value-buying by participants ahead of the July derivatives expiry.
The rupee on Wednesday surrendered its initial gains and ended steady at 63.91 against the American currency on fag-end dollar demand from importers coupled with emergence of weak sentiment on the global front.
Communications minister Ravi Shankar Prasad is ready to help telecom operators in every way to fight the menace of call drops, but he won’t tolerate inaction.
Ajay Singh-led SpiceJet, which reported its second straight quarterly profit on Tuesday, is likely to place a fresh order of 100 big jets this year.