Business news

SC Allows RBI to Initiate Action against Sahara over Diversion of Funds

The SC came down heavily on Sahara Group for alleged diversion of funds to repay investors, in direct contravention of an RBI order.

Feb 25, 2015

Budget 2015: Planned Rail Investments To Receive Boost from Low Oil Prices

The Rail Budget could see considerable increase in fund allocation helped by the fall in oil prices

Feb 25, 2015

BSE closes points 3.33 up on Feb 25

New Delhi, Feb 25 (ANI): Trading at the Bombay Stock Exchange today closed 3.33 points up to stand at 29,007.99. At the National Stock Exchange the Nifty closed 5.15 points up to stand at 8,767.25. SIEMENS and PMCFIN were among the top gainers of Group A with an increase of 5.27% and 4.93% along with OBEROI REALTY LTD. and NIIT TECHNOLOGIES LTD. with an increase of 4.72% and 4.67% respectively, while the top losers of Group A include CENTRAL BANK OF INDIA and RASOYA PROTEINS LTD. with a decrease of 8.07% and 3.92% along with THERMAX and ALEMBIC PHARMACEUTICALS LTD. with a decrease of 3.81% and 3.19% at the close of the markets. The Auto sector is down 5.62 points at 19,632.82 while the banking sector is down 164.25 points at 21,475.41 and the reality sector is up at 6.15 points at 1,757.75. The Indian currency is down 0.27% at Rs 62.03 per dollar.

Feb 25, 2015

Box Office Collection: Will 'Kakki Sattai' Break Opening Day Records of 'Anegan', 'Yennai Arindhaal', 'Kaththi', 'I'?

"Kakki Sattai" starring Siva Karthikeyan is set to release on 27 February

Feb 25, 2015

Property tax fears fuel UK rental rise

++NOTE TO EDITORS, THIS EDIT REPLACES 1177 WITH NAME CORRECTION++ A smart family home in the heart of London. It would cost several million pounds to buy. But this one's not for sale. It's one of

Feb 25, 2015

Tomorrow's design talent showcases at London Fashion Week

Their names may not be familiar just yet, but the Central Saint Martins graduate show is one of the most anticipated events at London Fashion Week. As in previous years, fashion journalists and

Feb 25, 2015

chinese-100-yuan-banknotes-are-seen-in-this-file-picture-illustration-taken-in-beijing-may-7-2013

Samsung Electronics, China Trade Deal Give Boost to South Korea's Yuan Hub Ambitions

South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December.

Feb 25, 2015

China's factories show signs of a rebound

China revving back up after a week-long holiday welcoming in the year of the sheep. And it looks like things are off to a slightly better-than-expected start. A snapshot of factory health, the HSBC/

Feb 25, 2015

China stocks to welcome short-selling

Fresh off of the Lunar New Year holiday break, the main Chinese stock exchange is opening its doors to short sellers. As soon as next week, foreign investors will for the first time be able to short

Feb 25, 2015

SBI-led Consortium Initiates Kingfisher House Possession

A State Bank of India-led consortium of 17 banks has initiated the process of taking over physical possession of the famed Kingfisher House, valued at ₹100 crore.

Feb 25, 2015

It's ten in a row for the Nasdaq

Stocks rose after Fed chair Janet Yellen's congressional testimony where she said the central bank is preparing to consider interest rate hikes on a meeting-to-meeting basis. The Dow and S&P 500

Feb 25, 2015

Fed's Yellen makes subtle shift in emphasis

A subtle but powerful message adjustment from Fed Chair Janet Yellen speaking to the Senate Banking Committee about plans for the first interest rate hike since 2006: (SOUNDBITE) JANET YELLEN, CHAIR

Feb 25, 2015

Spanish economy strengthening, says PM

There's an election on the horizon and upstart parties sprouting out of discontent. For a Spanish government lacking in voter support, some positive economic news couldn't come at a better time.

Feb 24, 2015

ECB presents new 20 euro bill

Crisp and fresh off the press. Few can resist the feel of a brand new banknote. This the euro zone's new 20 euro bill. It's the third in the Europa series gradually replacing the original notes

Feb 24, 2015

Fed's rate hike decision is on 'meeting-by-meeting' basis Yellen

ROUGH CUT (NO REPORTER NARRATION) STORY: The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on

Feb 24, 2015