Business

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....

Industry body asks to remove anti-dumping duty on flexible slabstock polyol

New Delhi: Assocham on Monday urged the government to remove anti-dumping duty on flexible slabstock polyol because domestic production is not enough to cater to local demand. Flexible slabstock polyol,....

Bayer’s $62 billion hard cash offer to buy Monsanto

Leverkusen: German drugs and chemicals group Bayer AG on Monday said it had made an unsolicited $62 billion all-cash offer to buy US seeds company Monsanto Co. In a statement,....

India’s forex reserves down marginally by $970 million

Chennai: India's foreign exchange reserves went down marginally by $970 million to $361 billion as on May 13, the Reserve Bank of India (RBI) said. According to RBI's foreign exchange....

Gold prices drop on weak global cues, silver slumps below 40K

New Delhi: Tracking a the weak trends globally, the gold prices declined by Rs 50 to Rs 29,750 per 10 grams at the bullion market on Friday.   Silver prices....

Lupin shares surge over 8% in stock market despite positive Q4

Mumbai: Shares of Lupin Limited, India’s third-largest pharmaceutical firm, dipped almost 8% to Rs 1,525 in morning trade on the Bombay Stock Exchange (BSE) on Friday despite analysts describing the....

Nokia to be revived by a new Finnish firm?

Helsinki: A new company called HMD has been allowed to produce mobile phones and tablets in the name of Nokia. The media called it a resurgence of Nokia brand.  ....

Tim Cook set for India visit to expand Apple Inc’s wings

Hyderabad: A senior Telangana government official on Tuesday confirmed that world's leader in technology and innovation, Apple Inc, is all set to open its development centre in Hyderabad on May....

TATA to enter e-commerce platform with its ‘Tata CLiQ’

  Mumbai:  Tata Industries incubated business venture Tata Unistore, on Tuesday announced the launch of its e-commerce platform, ‘Tata CLiQ’.   “Clique and Click came together to form the perfect....

Big setback for Vijay Mallya, $40 million Diageo fund out of reach

New Delhi: In a big setback for Vijay Mallya, he will not be able to have any access to the $40 million amount that was supposed to be paid to....

Jugnoo launches ‘Fatafat’ in Chandigarh

New Delhi: Leading on-demand auto-rickshaw aggregator Jugnoo forays into hyper-local grocery delivery in Chandigarh with the launch of 'Fatafat' that will facilitate the residents of Chandigarh to order quality fresh....

SpiceJet 11th anniversary sale: Book domestic flight at Rs 511, international at Rs 2,111

Delhi: SpiceJet airlines on Tuesday announced 'The Anniversary Sale' to commemorate its 11th anniversary.   SpiceJet is offering one way base fares starting as low as Rs 511 for domestic....

Centre’s support helps WPI take an upward troll: ASSOCHAM

New Delhi: Industry body ASSOCHAM listed the upward movement in wholesale price index (WPI) to be a clear reflection of the commitment shown by the Centre to support industry together....

Indian manufacturing growth may slow down in first quarter of 2016-17

New Delhi: India's manufacturing sector growth may slow down during the first quarter of 2016-17 ending June owing to factors like bleak export outlook, poor demand and high cost of....

African country Gabon seeks to attract Indian investors

New Delhi: Located in the politically troubled central African region, Gabon has been an oasis of peace and stability that is now seeking to attract Indian investment and step up....

Bank’s gross NPA may rise to 6.9% by March 2017

New Delhi: Banks' gross non-performing assets (GNPAs) could rise to 6.9% by March 2017, the deadline given by Reserve Bank of India (RBI) Governor Raghram Rajan for banks' balance sheet....