- Mar 05, 2015 10:09 IST
China on rsday lowered its economic growth rate target to about seven% for this year after it registered 7.4% GDP, the lowest in 24 years, as the world's second largest economy continued to slowdown weighed down by dropping exports.
- Mar 05, 2015 09:55 IST
Snapping its four-day falling streak, the rupee today recovered by 5 paise to 62.20 against the US dollar in early trade at the Interbank Foreign Exchange market on back of selling of the American currency by exporters.
- Mar 02, 2015 23:10 IST
Consolidating its position in online and mobile app-based cab aggregator space, domestic Ola (formerly Olacabs) has bought rival TaxiForSure in a cash-and-equity deal worth $200 million (Rs 1,239 crore). The company is competing against Uber, a global player, which too is vying for a lion’s share in the fast-growing online taxi booking business in India.
- Mar 02, 2015 21:08 IST
Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107% which may call for harder measures by the government to meet the target of 4.1% of the GDP for full 2014-15 financial year.
- Mar 02, 2015 00:26 IST
India’s wait for a ratings upgrade may get longer. Rating agencies have expressed concerns over finance minister Arun Jaitley’s budget proposal to cut India’s fiscal deficit – the amount the government borrows to balance its books – to 3% in three years, instead of two as envisaged earlier.
- Mar 01, 2015 22:35 IST
The budget has been widely hailed for making foreign companies and overseas investors happy. But, it is likely to increase litigations, especially with respect to the definition of ‘resident of India’ for offshore companies.
- Mar 01, 2015 22:32 IST
Apple Watch will replace your car keys and its battery will last the whole day, Apple Inc’s chief executive Tim Cook told the Telegraph in an interview. The watch is designed to replace car keys and the clumsy, large fobs that are now used in many vehicles, Cook said. Its battery will last the whole day, and will not take as long to charge as an iPhone, the report quoted Cook as saying.
- Mar 01, 2015 20:43 IST
New rules that aim to protect the openness of the Internet will allow telecom and cable groups to prioritise and earn potentially vast income from some types of data, setting up likely clashes with regulators in the future.
- Mar 01, 2015 19:22 IST
Real Estate Investment Trusts (REITs) could attract USD 1 billion worth funds this calendar year following tax benefits announced in the Union Budget, according to property consultant JLL India.
- Feb 25, 2015 22:49 IST
Boosted by the opening of new zero-balance savings accounts under the Pradhan Mantri Jan Dhan Yojana, consumption demand from the rural sector, with about 70% of India’s poulation, is likely to surge in 2015-16.
- Feb 25, 2015 01:04 IST
In fresh trouble for Sahara, the Supreme Court on Tuesday asked the company to explain how it encashed securities worth R484 crore, deposited with the RBI, and diverted them to pay depositors without the court’s nod.
- Feb 24, 2015 23:20 IST
A consortium of banks led by the State Bank of India, on Tuesday, initiated the process of taking over Kingfisher House, owned by Vijay Mallya-led UB Group, as part of the process to recover loans owed by the troubled liquor-to-airline conglomerate.
- Feb 24, 2015 19:42 IST
Budget carrier SpiceJet on Tuesday put one lakh seats up for grabs on both its domestic and international routes as it rolled out another discount sale offer with tickets priced as low as Rs 1,699 for travel within the country.
- Feb 23, 2015 23:26 IST
The official at the Rail wheel plant at Bela near Chapra has an air of nonchalance as he says: “We have not produced anything in the last two months but workers and technicians have been trained. Some quantity of wheel sets have been manufactured and supplied to various railway zones.”
- Feb 23, 2015 19:35 IST
Employee unions of public sector banks on Monday withdrew their strike call following an agreement with the management on 15% wage hike. "In today's talks, wage revision settled at 15% with effect from November 2012," United Forum of Bank Unions (UFBU) Convener M V Murali said.