Business news

Govt to make PAN mandatory for cash purchases exceeding certain limit: FM Arun Jaitley

The move is a part of the Modi government's efforts to put a check on black money in the country.

Oct 5, 2015

Oil up as Russia ready to talk with suppliers, US rig count drops

U.S. energy firms reduced the number of oil rigs by 26 in the latest week, the biggest cut since April

Oct 5, 2015

Gold at discount for fourth week in India, China goes on holiday

Retail demand dwindled due to the start of Shradh, a two-week period considered an inauspicious time to buy gold, property or any big purchases.

Oct 3, 2015

Italy launches investigation into Volkswagen scandal

They will all be recalled to undergo revision.

Oct 3, 2015

India's forex reserves plunge by $2 billion in week ending September 25

The forex reserves had risen by $631.5 million in the previous week and by $2.35 billion in the week before.

Oct 2, 2015

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Edmund Shing: Forget Glencore woes and invest in Direct Line

Edmund Shing talks us through Volkswagen, Glencore, Eurozone EFTs and Direct Line Insurance.

Oct 1, 2015

Market watch: Sensex ends in green, gold extends losses

This,despite a business survey that showed that India's manufacturing activity fell to a seven-month low in September.

Oct 1, 2015

Govt's drive against black money brings Rs 3,770 crore to its kitty from 638 holders

The amnesty scheme ended September 30.

Oct 1, 2015

Airtel 4G ads 'misleading', operator asked to stop airing them

Airtel said that it is furnishing data to defend its promotion of 4G services through the advertisement.

Oct 1, 2015

HCL Tech shares plunge 10% on revenue warning

HCL also warned that its earnings would be negatively impacted by some client-related issue.

Oct 1, 2015

Axis Bank slashes base rate by 35bps to 9.50%

Axis Bank is India's third largest private sector lender.

Sep 30, 2015

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Bank of England warns climate change threatens economic stability

Bank of England Governor Mark Carney said on 29 September that climate change threatens global financial stability and prosperity.

Sep 30, 2015

Market watch: Sensex extends gains, gold prices fall, rupee strengthens

Tata Steel, GAIL, Bharti Airtel, BHEL, Hindalco, HUL, Coal India and Infosys were the top gainers.

Sep 30, 2015

RCom to tie up with Reliance Jio to launch 4G services by year-end

The RCom stock rose sharply by 5.6% to end at Rs 67.55 on the National Stock Exchange (NSE).

Sep 30, 2015

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Google shows off its self-driving car prototype

Google showed reporters its tiny, bubble-shaped self-driving prototype vehicle on 29 September. Googles pet project of driverless cars started in 2009 with an intention to revolutionise the car industry.

Sep 30, 2015

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