Business news

Vijay Mallya to Lose USL Chairmanship? Diageo Sends Stern Warning Over Loan Defaults

Diageo has informed global shareholders that Mallya's chairmanship is subject to 'the absence of defaults'.

Oct 2, 2014

Diesel Rate Set to be Cut by ₹1, Petrol by ₹1.75

Diesel and petrol prices are being cut down after five years as the international oil market has softened.

Sep 30, 2014

Hyderabad Brews: Tata Starbucks Expands to Sixth City in India

The store has come up in upmarket Jubilee Hills and is the first in Hyderabad and the 58th in India.

Sep 30, 2014

RBI Keeps Rates Unchanged to Maintain Financial and Price Stability

Consumer price index-based retail inflation eased to 7.8 percent in August from 8.59 percent in April. Wholesale price index (WPI) inflation has also eased to 3.74 percent in August from 5.55 percent at the start of the current fiscal.

Sep 30, 2014

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Market Experts say RBI keeping repo rate unchanged at 8% expected due to inflation

New Delhi, Sep 30 (ANI): After Reserve Bank of India Governor Raghuram Rajan left repo rate unchanged at 8 per cent, Market Experts on Tuesday said that the decision was expected due to risk of inflation. Rajan has decided to keep the interest rate unchanged and said that 2016 CPI target of 6% is at risk. Akash Jindal said that RBI seems to be giving importance on reduction of inflation as interest rates are not changed. Market Expert Nirav Vakharia also supported the decision over the aforesaid risk. Rajan on uesday issued his fourth bi-monthly credit policy review.

Sep 30, 2014

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Business leaders hail Modi's move to bring fresh investments

New Delhi/Ahmedabad, Sep 29 (ANI): Business leaders on Monday (September 29) hailed Prime Minister Narendra Modi's move as he met the CEOs of 11 top US companies in a bid to lure fresh foreign investments. Indian business leaders have high expectation from Modi's meeting with tycoons. Secretary General of The Associated Chambers of Commerce and Industry of India (ASSOCHAM), DS Rawat said that Modi is giving clear signal for investment in India. Secretary General, of Federation of Indian Chambers of Commerce and Industries (FICCI) Dr Alwyn Didar Singh said that the move will be a real game changer. President of Gujarat Chambers of Commerce and Industries Rakesh Shah said steps taken by the prime minister will grow industries, ventures and employment in the country which lead to strengthen economy.

Sep 30, 2014

'India's software technology exports rising 8 to 10% annually'

It would further increase in the upcoming years as the industry spreads across the country, a senior sector official said.

Sep 29, 2014

Willing to Invest More as India is a Flourishing Market, Says Amazon's Jeff Bezos

Jeff Bezos appreciates Amazon Indian team for expanding their horizon and making it a platform for small-scale enterprises an opportunity to grow.

Sep 29, 2014

Microsoft CEO Satya Nadella meets Telangana chief minister

Nadella later held a closed-door meeting with the top officials of the company at IDC, set up in Hyderabad in 1998.

Sep 29, 2014

RBI Unlikely to Slash Interest Rates as Inflation Remains High

The Reserve Bank, in its fourth bi-monthly policy review on Tuesday, is unlikely to cut interest rates: Care Rating report

Sep 29, 2014

BSE and Bank of New York Mellon to Provide Security Bonds to Foreign Investors

BSE Ltd and Bank of New York Mellon have signed an agreement enabling foreign investors to provide AAA rated sovereign bonds traded outside of India as collateral for trades done on the domestic exchange

Sep 27, 2014

Govt Picks Morgan Stanley, Standard Chartered, Axis Capital and Others to Manage Share Sale

Among them are Morgan Stanley, Standard Chartered, JM Financial, Avendus, SBI and Axis Capital.

Sep 27, 2014

ADB Sells 5.2% Petronet Stake to Citigroup and HDFC

ADB sold over 39 million shares of Petronet LNG on BSE in various block deals, at an average price of ₹183.2 a share.

Sep 27, 2014

Ebola-hit Nations to Get $400 million from IMF and World Bank

On Thursday, the World Bank Group said it would provide an additional 170 million dollars to these three countries, pushing its total pledged financing to 400 million dollars.

Sep 27, 2014

IIPM Can't Claim to Offer BBA, MBA or Any Management Course, Says Delhi High Court

In response to the High Court order, Arindam said that the institute never claimed to offer MBA or BBA.

Sep 27, 2014

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