Business news

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates.

Mar 5, 2015

Telcos face off at India's biggest wireless spectrum auction to stay alive

India's biggest spectrum auction on Wednesday, Day 1, saw fierce bidding, amounting to INR 60,000 crores. The winners will be announced after the auction is over and the government stands to gain over INR 80,000 crores from this auction.

Mar 5, 2015

Saudis Naimi expects oil market to balance, prices to stabilise

Saudi Arabian Oil Minister Ali al-Naimi said on 4 March, he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilise.

Mar 4, 2015

International Motor Show: Lamborghini presents the new Aventado Superveloce supercar

Lamborghini presented the new incarnation of their flagship Aventador car at the International Motor Show in Geneva.

Mar 4, 2015

Telecom Auction Kicks off with Focus on Reliance Jio

Intense bidding is expected at India's telecom spectrum auction that begins on 4 March.

Mar 4, 2015

Sensex Crosses 30,000 Points Mark; Nifty Touches Record High

The Reserve Bank of India had earlier cut its key lending rates by 25 basis points.

Mar 4, 2015

RBI Cuts Repo Rate by 25 Basis Points to 7.5 Percent

The cut comes just days after the government and the central bank agreed to formally adopt inflation targeting.

Mar 4, 2015

GSK Sells Australian Opiates Business to India's Sun Pharma

The firms did not divulge the financial details of the deal but said in a statement that they expect to close it by August.

Mar 4, 2015

Edmund Shing: The renovation of B and Q and Screwfix owner Kingfisher

Kingfisher (UK code KGF), the owner of DIY businesses B and Q and Screwfix, has been taking flight over recent months, climbing from 286p in November last year to 374p today.

Mar 3, 2015

2015 Forbes World Billionaires: Mukesh Ambani India's Richest Person

Ambani's networth is $21 billion, up $2.4 billion from last year. Microsoft co-founder Bill Gates is the world's richest person, with networth of $79 billion.

Mar 3, 2015

Apple and Google poaching settlement headed for approval

A US judge on 2 March seemed satisfied with a proposed $415m (£267m) settlement that would end a lawsuit in which tech workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries.

Mar 3, 2015

BSE closes points 134.59 up on March 3

New Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 134.59 points up to stand at 29,593.73. At the National Stock Exchange the Nifty closed 134.59 points up to stand at 8,996.25. TATA ELXSI LTD. and BHUSHAN STEEL LTD were among the top gainers of Group A with an increase of 20.00% and 15.30% along with IDBI and NATCO PHARMA LTD. with an increase of 10.33% and 9.99% respectively, while the top losers of Group A include EICHER MOTORS LTD. and COAL INDIA with a decrease of 4.46% and 3.98% along with MAHINDRA and MAHINDRA LTD and OBEROI REALTY LTD with a decrease of 3.48% and 2.79% at the close of the markets. The Auto sector is down 171.82 points at 19,753.13 while the banking sector is down 61.57 points at 22,920.15 and the reality sector is down at 21.59 points at 1,794.95. The Indian currency is down 0.04% at Rs 61.89 per dollar.

Mar 3, 2015