Business

  • Aug 04, 2015 18:53 IST

    Bharti Airtel Q1 profits up on gain from tower sales

    Bharti Airtel Ltd, posted a 40% rise in quarterly net profit, helped by a one-time gain from the divestment of some of its tower assets in Africa.

  • Reserve Bank of India
    Aug 04, 2015 11:12 IST

    RBI keeps policy rates on hold at 7.25%

    The Reserve Bank of India (RBI) on Tuesday kept its lending rate—the repo rate—unchanged at 7.25%, ignoring a chorus of calls from government officials and business leaders for cheaper loans to aid investment and household spending.

  • Congress Parliament
    Aug 04, 2015 18:33 IST

    Continued logjam in Parl holding up GST, other key bills: CII

    Continued impasse in Parliament is delaying passage of key bills like GST which are crucial for economic growth, industry body CII said on Tuesday.

  • Raghuram Rajan
    Aug 04, 2015 16:09 IST

    RBI may cut rates before next policy review: Raghuram Rajan

    Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday hinted that the central bank may cut interest rates before the next policy announcement on September 29, depending upon macroeconomic indicators.

  • Foxconn
    Aug 04, 2015 14:09 IST

    Foxconn meets top govt secretaries, communication minister

    Union Communications Minister Ravi Shankar Prasad along with the secretaries of six ministries are expected to help finalise an estimated $20 billion investment in India by Foxconn Technology, the Taiwanese electronic component manufacturer.

  • SBI
    Aug 04, 2015 13:42 IST

    State Bank of India rules out rate cut in near future

    State Bank of India (SBI) on Tuesday ruled out any interest rate cut for its borrowers, even as the RBI chided banks for not having passed the full benefits of the last three reduction in its policy rate.

  • Raghuram Rajan
    Aug 04, 2015 18:40 IST

    RBI guv Rajan maintains status quo, wants banks to cut rates

    The Reserve Bank of India (RBI) kept its key policy rate unchanged on Tuesday, citing inflationary concerns even as it expected banks to pass on the benefit of the previous rate cuts to borrowers.

  • Toyota Camry Hybrid review, test drive
    Aug 04, 2015 13:18 IST

    Toyota quarterly profit up by 10% to $5.2 bn

    Toyota on Tuesday said its net profit for the three months to June jumped 10% from a year ago, giving a boost to its annual sales forecast and crediting a weak yen and cost cuts.

  • RBI
    Aug 04, 2015 12:00 IST

    RBI, govt reach consensus on monetary policy committee

    The Reserve Bank of India and the government have broadly agreed on the powers of the monetary policy committee, clearing the air on an issue that has generated much attention and speculation recently.

  •  oil refinery
    Aug 04, 2015 11:22 IST

    Oil prices rise after 5% fall but outlook remains weak

    Oil prices rose slightly in early Asian trading on Tuesday after a sharp 5% drop in the previous session, as high global production and a weakening economic outlook prompted analysts to warn of further falls.

  • Raghuram Rajan
    Aug 04, 2015 13:06 IST

    First differential bank licences to be issued by month-end: Rajan

    The Reserve Bank of India (RBI) is set to issue the first set of differential bank licences - for small finance and payments banks - by the end of August, a move aimed at promoting financial inclusion.

  • Sensex
    Aug 04, 2015 10:01 IST

    Sensex loses 4-day winning run as RBI holds policy rates

    In highly volatile trade, the 30-share BSE index after rising to touch the day's of 28,264.72 points in early trade, quickly slipped into the negative terrain and dipped below the 28,000-mark to touch a low of 27,866.12 before the RBI policy announcement.

  • Indian currency notes
    Aug 04, 2015 09:48 IST

    Rupee rises by 30 paise vs dollar to 2-week high at 63.74

    The value of the rupee fell by 5 paise to 64.09 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.

  • Rajat Gupta
    Aug 04, 2015 08:24 IST

    From insider to inmate: Rajat Gupta does dishes in jail

    Former Goldman Sachs director Rajat Gupta seems to have accepted his incarceration as his destiny and washed dishes at the prison cafeteria briefly, in a first account of his life in prison.

  • Subrata Roy
    Aug 03, 2015 23:02 IST

    You are in jail by choice, SC bench tells Sahara chief

    The Supreme Court on Monday came down heavily on Sahara group chief Subrata Roy for delaying the sale of properties to refund Rs 36,000 crore including interest to its investors and asked Securities and Exchange Board of India (Sebi) to move an application seeking appointment of a receiver for sale of the company’s properties.