Business news

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

For October and November, the Wholesale Price Index (WPI)-based inflation was recorded at 1.77% and 7.52% respectively.

Dec 15, 2014

Shinzo Abe Cruises to Victory in Japan Snap Elections; Abenomics will Prevail

Japanese Prime Minister Shinzo Abe and his LDP cruised to a big win in the snap elections on Sunday.

Dec 15, 2014

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends.

Dec 15, 2014

SpiceJet Warns Employees of Disruption to Service, if DGCA Meeting Fails

Cash-strapped SpiceJet could terminate operations if its COO's meeting with the airline regulator does not go in its favour

Dec 15, 2014

SpiceJet Refused Refuel at Madurai Airport, Madurai-Hyderabad Flight Delayed by 4 Hours

Budget airline SpiceJet faced fresh trouble last Saturday when a private petroleum company refused refueling facility over payment issues at Madurai airport, leading to its Madurai-Hyderabad flight delayed by four hours.

Dec 15, 2014

Economic Output Shrinks for October amid Clamor for Rate Cut

India's industrial output for October suffered a three-year low, even as inflation reduced, bringing back the clamor for a rate cut.

Dec 13, 2014

SpiceJet to Receive funds from Promoter, Says Airline to DGCA

Promoter of SpiceJet, the Sun Group, will infuse funds into the financially struggling airline

Dec 13, 2014

Sony Pictures' Amy Pascal Could Lose her Job over Racist Comment on Barack Obama in Leaked Emails

Amy Pascal, the co-chairwoman of Sony Pictures, is facing pressure from civil rights leaders to step down from her post, after her racist comments on US President Barack Obama were exposed in the thread of emails hackers leaked online earlier this week.

Dec 13, 2014

Alibaba Founder Jack Ma Becomes Asia's Richest Person

Meanwhile, Indian businessman Mukesh Ambani is ranked 32nd on the list

Dec 13, 2014

best-relations-with-neighbours-priority-of-defence-arun-jaitley

Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Finance Minister Arun Jaitley has his work cut out with the crash in oil price by almost half; seeks to balance fiscal deficit better

Dec 13, 2014

Is Uber's 'Go-Getter' Attitude Hampering its Global Growth and Expansion?

Uber, the ride-sharing service, has been hit with lawsuits and bans from countries all around the world. But despite the controversies, investors believe Uber's success is unmatchable.

Dec 13, 2014

Raghuram Rajan speaks during a news conference on the World Economy Outlook in Singapore September 14, 2006.

Rajan seeks 'Make in India' to become 'Primarily for India'

Raghuram Rajan cautioned the government on its Make in India strategy, wants to harness regional and domestic growth given the circumstances.

Dec 13, 2014

Gucci's CEO and Creative Director to Step Down Next Year

Gucci, the famous luxury fashion brand, is all set to see some major changes at its top-level management as its CEO Patrizio di Marco and creative director Frida Giannini will be stepping down from their respective posts next year.

Dec 13, 2014

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BSE closes points 251.33 down on Dec 12

New Delhi, Dec 12 (ANI): Trading at the Bombay Stock Exchange today closed 251.33 points down to stand at 27,350.68. At the National Stock Exchange the Nifty closed 68.80 points down to stand at 8,224.10. KPIT and AMARAJABAT were among the top gainers of Group A with an increase of 5.57% and 4.73% along with EMAMI LTD and Jubilant Food Works Ltd. with an increase of 4.32% and 4.24% respectively, while the top losers of Group A include Sunrise Asian LTD and PMC Fincorp LTD with a decrease 18.94% and 12.71% along with JETAIRWAYS and SUNTV with a decrease of 9.44% and 7.99% at the close of the markets. The Auto sector is down 86.93 points at 18,674.50 while the banking sector is down 113.96 points at 20,975.21 and the reality sector is down 40.20 points at 1,590.37. The Indian currency is up 0.01% at Rs 62.33 per dollar.

Dec 12, 2014

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