Business

Positive global cues push key Indian equity indices higher

Mumbai: Positive global cues pushed the Indian equity markets higher on Friday. Consequently, the key indices traded in the green during the early morning trade session. Healthy buying was witnessed....

PM Narendra Modi calls for 10 crore people to be drawn into tax net

New Delhi: Prime Minister Narendra Modi on Thursday called for 10 crore people to be brought into the tax net, up from the current 5.3 crore, in a bid to expand....

Central Bank of Greece Governor Yannis Stournaras calls for debt relief

Athens: Central Bank of Greece Governor Yannis Stournaras formally submitted to parliament on Wednesday the bank's annual monetary policy report for 2015-2016 which suggests imminent debt restructuring, deep reforms and lower....

BlackBerry leader of Magic Quadrant market

New Delhi: Canadian smartphone maker BlackBerry has been named a leader in the "Magic Quadrant for Enterprise Mobility Management" (EMM) Suites, research and advisory firm Gartner announced on Wednesday.  ....

Bharti Infratel to buy back 47 mn shares to return surplus funds to shareholders

Mumbai: Bharti Infratel will buy back 47 million shares for Rs 425 each in a deal valued at Rs 2,000 crore, in a bid to return surplus funds back to....

Ola introduces its luxurious ride ‘Ola Lux’ in Delhi NCR

New Delhi: After a successful launch in Mumbai, Ola, India's most popular mobile app for transportation brings its newest luxury category 'Ola Lux' to Delhi NCR.   The taxi aggregators....

LinkedIn acquired by Microsoft for $26.2 billion

San Francisco: Microsoft on Monday announced to acquire professional networking website LinkedIn for $26.2 billion in an all-cash deal billed as one of the largest such acquisitions in the social....

AirAsia announces huge discount; flight tickets start at Rs 899

New Delhi: To celebrate its two years of operations in India, AirAsia India announced a huge discount with flight tickets starting from Rs 899 one way. The low-cost budget carrier....

Tata Power signs deal to acquire Welspun Renewables

New Delhi: Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power on Sunday signed an agreement to acquire Welspun Renewables Energy subsidiary. The company in a notice to....

Gold hits four-week high amid Brexit worries

New Delhi: Supported by weaker Asian stocks, gold nearly hit its four-week high early Monday as the investors turned towards safe haven assets ahead of this week's central bank meetings....

Anonymous bidder pays $3.46mn to lunch with Warren Buffett

New York: A charity auction for lunch with Warren Buffett drew a winning bid of $3,456,789 from an anonymous fan of the billionaire investor, matching the record amount collected in....

Shimla gets air link after four years

Shimla: The Queen of Hills, as Shimla was fondly called by the British colonial rulers, on Thursday finally got wings after a gap of nearly four years with a private....

US companies investing $45 billion in India: John Chambers

Washington: Members of the US-India Business Council have already invested $28 billion in India since September 2014 and another $45 billion is in the pipeline, Council Chairman John Chambers told....

World Bank cuts 2016 global growth forecast to 2.4%

Washington: The World Bank has lowered its forecast for the global growth in 2016 to 2.4 per cent, saying that the world economy is facing stronger headwinds.   In its....

India jumps 13 positions to second in ease of doing business

New Delhi: India is now amongst the list of developing countries when it comes to the ease of doing business. India has moved up 13 positions compared to last year....

Rupee strengthens against dollar

Chennai: The Indian rupee on Monday strengthened by 37 paise against US dollar during the morning trade.   Opening at 66.91 to a US dollar, the Indian rupee reached a....

Raghuram Rajan to announce RBI monetary policy review on Tuesday

Mumbai: Reserve Bank of India Governor Raghuram Rajan is due to announce the second bi-monthly monetary policy review of the fiscal on Tuesday, at a time when he has become the....

Jaitley to review state-run banks performance on Monday

New Delhi: Finance Minister Arun Jaitley will on Monday hold a quarterly performance review with heads of public sector banks (PSB), said an official statement, at a time when these....

Johnson & Johnson to take over Vogue International for $3.3 bn in cash

New Jersey: World leader in baby products, Johnson & Johnson on June 2nd made a huge announcement that of taking over another world leader in hair care products — Vogue....

India surpasses US to become second largest internet market

New York: India has surpassed the US as the world's second-largest internet market and internet user growth remains consistent led by acceleration in India, a new report has said.  ....

Indian equity market indices open flat

Mumbai: The key Indian equity market indices opened flat on Thursday taking a cue from global markets. The sensitive index (Sensex) of the BSE, which had closed at 26,713.93 points....

India likely to grow at 8% in 2016-17, says Finance Ministry

New Delhi: With a boost from a likely good monsoon this year along with effective policy-making, the Indian economy is likely to grow at eight per cent in 2016-17, the Finance....

Pretty penny! Eating-out, mobile bills to become costlier from today

New Delhi: Rains in the month of sultry June may have given some respite to the common man. However, 15% service tax, LPG price hike and surge in the aviation fuel....

Kerala High Court gives interim relief to diesel car makers

New Delhi: The Kerala High Court (HC) has provided some respite to diesel car makers. Just days after the National Green Tribunal (NGT) passed an order banning the registration of....

India’s 7.6% growth in 2015-16 fastest in five years

New Delhi: The Indian economy expanded by 7.6 per cent in 2015-16 to log the fastest growth among larger countries, while also outpacing China, official data showed on Tuesday. While this....

Quality of farm loans by Indian banks in Asia Pacific won’t weaken

Chennai: Global credit rating agency Moody's Investors Service on Monday said the asset quality of agriculture loans given by banks in Asia Pacific region (excluding Japan) including Indian banks are....

Tata group launches e-commerce portal TataCLiQ for Phygital services

Mumbai: The Tata group on Friday launched an e-commerce portal, TataCLiQ.com, the first-of-its-kind multi-brand PHYGITAL e-commerce marketplace. It will seamlessly blend online and in-store shopping experience for discerning customers. Group....

Snapdeal, Puravankara, JLL join hands to sell flats online

New Delhi: Online marketplace Snapdeal, realty firm Puravankara Projects and property consultancy JLL India entered into a three-way partnership to market ready-to-occupy apartments online. They have launched 'Managed Residences Plan'....

RBI sets rupee reference rate at 67.44 against dollar

Mumbai: The Reserve Bank of India (RBI) on Wednesday fixed the reference rate of the rupee(₹) at 67.44 against the US dollar($) and 75.20 for the euro(Є). These rates were....

India signs US $100 mn loan agreement with World Bank

Bengaluru: An agreement for an IBRD loan of US $100 million was signed between the Government of India and the World Bank on Tuesday. This loan is meant for the Karnataka....