Business news

Four interest rate hikes in 2016 to be gradual: Richmond Fed President Jeffery Lacker

The Fed raised the range of its benchmark interest rate by a quarter of a percentage point on Wednesday.

Dec 20, 2015

Reliance Jio to launch 4G for employees first on 27 December

Bollywood actor Shah Rukh Khan and musician A R Rahman will host the Reliance Jio 4G launching function.

Dec 19, 2015

Railways paid extra cost of Rs 1.07 lakh crore for delay in completion of projects

"There was lack of consistency in prioritisation of projects," the CAG said.

Dec 19, 2015

SpiceJet continues to fly high, domestic air traffic figures reveal

The PLF for SpiceJet has been the highest among all domestic carriers since April.

Dec 19, 2015

US regulator warns Sun Pharma over violation of norms at Halol plant

The US drug watchdog has withheld approvals for products manufactured at Halol plant since September 2014.

Dec 19, 2015

Sensex gains touch two-month high

The markets had factored-in the US Federal Reserve rate hike and as a result there was no panic selling.

Dec 19, 2015

Indian equities: FIIs were net sellers day after US Fed hiked interest rate

The Sensex gained 309 points on the day.

Dec 19, 2015

Reliance Jio 4G service: Low 3G subscriber base could hit growth

The low 3G user base of 93 million could impact the high growth expected from 4G business.

Dec 19, 2015

Hike in US visa fee will not affect Indian IT industry: Narayana Murthy

Doubling of H-1B visa fee by the US is expected to cost Indian IT companies nearly $400 million, according to analysts.

Dec 19, 2015

Gurgaon hospital refuses to hand over child's body until bill paid

The mother, a domestic help, was asked to pay Rs.4.5 lakh for treatment.

Dec 18, 2015

Hyderabad to see 20 more IT firms setting up offices in next 12 months

"....Google is expected to lay the foundation stone for its own centre in Hyderabad in the first quarter of next year."

Dec 18, 2015

Sensex ends lower but marks biggest weekly gain in over two months

The broader NSE Nifty ended 1.05% lower after rising for four consecutive sessions.

Dec 18, 2015

India to drive coal demand by 2020: International Energy Agency

"The golden age of coal in China seems to be over," the IEA said on Friday

Dec 18, 2015

Godrej, Flipkart, HDFC Bank, Bharti Airtel, Hindustan Unilever, Philips Electronics, HT, Bloomberg TV pulled up for misleading ads

The Advertising Standard Council of India upheld complaints against 54 out of 84 advertisements in September.

Dec 18, 2015

NIIT opens a new facility in Norway, its third in Europe

The company says the Bergen centre will strengthen its capabilities and drive its business in Europe.

Dec 18, 2015

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