Business news

RBI Holds Rate; Says Tracking Govt Fiscal Consolidation and Inflation

The RBI has decided to hold rates steady, at least until the Fiscal Budget to be presented on Feb 28. Instead, it decided to lop off 50 basis points on SLR, which frees us additional funds for banks to increase lending.

Feb 3, 2015

Chris Urmson, director of Google's self-driving car project

Google Developing Uber Competitor, to Enter Ride-Sharing Business Soon

Google emerges as the most significant threat to Uber.

Feb 3, 2015

Reliance, Bharti, Aditya Birla Apply for India's Payments Bank Licence

Some of India's largest business houses and a few obscure names have applied for the payments bank licence with the RBI.

Feb 3, 2015

Budget 2015: Prime Minister's Office Solicits Inputs from Economists

The Prime Minister's Principal Secretary has reached out to economists and help define and design the upcoming Budget

Feb 3, 2015

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BSE closes points 60.68 down on Feb 2

New Delhi, Feb 2 (ANI): Trading at the Bombay Stock Exchange todayclosed 60.68 points down to stand at 29,122.27 at the National Stock Exchange the Nifty closed 7.40 points down to stand at 8,801.50.MONSANTO and FRL were among the top gainers of Group A with an increase of 13.15% and 12.53% along with DELTACORP and SPARC with an increase of 10.46% and 9.99% espectively, while the top losers of Group A include TVSMOTOR and ASIANPAINT with a decrease of 7.11% and 5.75% along with NAUKRI and MPHASIS with a decrease of 4.41% and 4.35% at the close of the markets. The Auto sector is up 91.64 points at 20,077.54, while the banking sector is up 66.58 points at 22,782.10 and the reality sector is up 4.32 points at 1,815.68.The Indian currency is down 0.03% at Rs 61.88 per dollar.

Feb 2, 2015

Govt to Opt for More PSU Stake Sale in Feb and March, Hopes to Raise ₹43,425 crore to Meet Disinvestment Target

The government is expected to see ONGC, IOC and NHPC share being sold in the next two months to help fund the fiscal deficit.

Jan 31, 2015

India to Commission 5-mt Underground Oil Storage Reserves by October

The Indian Government is expected to commission a 5 million tonne underground storage facility.

Jan 31, 2015

Fiscal Deficit Breaches Full-Year Target in December 2014

The fiscal deficit target was breached in end of December 2014. The government hopes that the disinvestment and mobile spectrum auction would provide the necessary funds to meet the 4.1% deficit target

Jan 31, 2015

Budget 2015: Indian Economy to Record 5.5% Growth in 2015, Says Report

A research report sees the Indian economy expanding by 5.5% in 2015, owing to the fall in crude oil prices and interest rates.

Jan 30, 2015

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BSE closes points 498.82 down on Jan 30

New Delhi, Jan 30 (ANI): Trading at the Bombay Stock Exchange today closed 498.82 points down to stand at 29,182.95. At the National Stock Exchange the Nifty closed 143.45 points down to stand at 8,808.90. HCC and HDIL were among the top gainers of Group A with an increase of 19.86% and 16.24% along with GMR INFRA and ADANI ENTERPRISES LTD. with an increase of 13.91% and 10.10% respectively, while the top losers of Group A include BANK OF BARODA and SPARC with a decrease of 11.08% and 6.40% along with INDIAN BANK and CANARA BANK with a decrease of 6.27% and 5.94% at the close of the markets. The Auto sector is down 245.19 points at 19,985.90, while the banking sector is down 737.58 points at 22,715.52 and the reality sector is up 38.55 points at 1,811.36. The Indian currency is down 0.18% at Rs 61.97 per dollar.

Jan 30, 2015