Business news

₹80,000 Cr of Unspent Funds at Jaitley's Disposal to Help Limit Fiscal Deficit to 4.1%

The finance minister is expected to use the amount unspent by government agencies to help cover the budget deficit.

Feb 4, 2015

AirAsia India launched a week-long sale offering one-way tickets prices as low as Rs 699 including taxes.

AirAsia India Planning To Launch Red-Eye Flights; Fares May Go Down

AirAsia India is planning to launch red-eye flights.

Feb 4, 2015

World's Top Sovereign Wealth Funds Listen to Modi's Reform Plans

He was addressing 20 top global investors who manage assets worth about $11 trillion globally

Feb 4, 2015

BSE closes points 122.13 down on Feb 3

New Delhi, Feb 3 (ANI): Trading at the Bombay Stock Exchange today closed 122.13 points down to stand at 29,000.14. At the National Stock Exchange the Nifty closed 40.85 points down to stand at 8,756.55. VIDEOCON INDUSTRIES LTD. and DHFL were among the top gainers of Group A with an increase of 7.90% and 6.15% along with FRL and SSLT with an increase of 6.12% and 5.95% respectively, while the top losers of Group A include JSW ENERGY and PNB with a decrease of 10.14% and 8.44% along PFC and JET AIRWAYS with a decrease of 6.94% and 6.20% at the close of the markets. The Auto sector is down 131.66 points at 19,945.88 while the banking sector is down 593.57 points at 22,188.53 and the reality sector is down 25.88 points at 1,789.80. The Indian currency is down 0.12% at Rs 61.72 per dollar.

Feb 3, 2015

airasia-india-venture-to-break-even-in-december-later-than-they-expected

AirAsia India To Break-Even by May/June: CEO

AirAsia India is expected to break-even by May/June.

Feb 3, 2015

Modi Gets Cracking on State-Owned Institutions to Spend $19bn Cash Hoard

The Modi government has gone after state-owned entities, sitting on piles of cash, to deploy the asset into capital expenditure and to increase overseas investments.

Feb 3, 2015

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

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