Business news

Snapdeal Goes Stronger, Bags Investment Worth $627 Million

The investment will make the e-commerce retail war more interesting.

Oct 28, 2014

pm-narendra-modi-launches-pradhanmantri-jan-dhan-yojana

PM's Jan Dhan Yojana Now has Dedicated Portal

As on Oct 22, a total of 6.47 crore accounts have been opened with a deposit of Rs.4,813.59 crore under the scheme.

Oct 28, 2014

Coal India's Price Pooling under Review: Coal Secretary

The proposal was earlier shelved during the United Progressive Alliance (UPA) rule, as most state electricity boards opposed it fearing increase in power tariffs.

Oct 28, 2014

SoftBank Corp. Chief Executive Masayoshi Son

Japan's SoftBank to Invest $10 billion in India, to Make Huge Investments in Snapdeal, Olacabs

The chairman of Softbank, Masayoshi Son, is the richest man in Japan. Softbank had invested $20 million in Chinese e-commerce giant Alibaba in 2000.

Oct 28, 2014

BSE closes points 98.15 down on Oct 27

New Delhi, Oct 27 (ANI): Trading at the Bombay Stock Exchange today closed 98.15 points down to stand at 26,752.90. At the National Stock Exchange the Nifty closed 22.85 points down to stand at 7,991.70. KAILASH and RAJESH EXPO were among the top gainers of Group A with an increase of 10.41% and 7.18% along with PEL and BHEL with an increase of 5.90% and 5.10% respectively, while the top losers of Group A include JUSTDIAL and JINDAL STEEL with a decrease of 10.35% and 8.32% along with DLF and DEN with a decrease of 8.09% and 5.50% at the close of the markets. The Auto sector is down 125.74 points at 17,899.82 while the banking sector is up 91.37 points at 18,948.89 and the reality sector is down 56.40 points at 1,432.29. The Indian currency is up 0.09% at Rs 61.33 per dollar.

Oct 27, 2014

Black Money: Dabur Falls 9% after Promoter Pradip Burman Named by Centre

Burman was among the three Indians to be named by the government in the affidavit filed in the Supreme Court on Monday.

Oct 27, 2014

Google Employee Held for 'Cyberstalking'

Rotundo invited a former classmate from the University of Texas at Dallas to share her naked photos to be part of the study.

Oct 27, 2014

Sixth Straight Day of Positive Rally on Indian Stock Markets

A key Indian equities index started on a positive note Monday, opening nearly 110 points.

Oct 27, 2014

Sliding Gold Braces for More Jitters as Fed Meets

The Fed's two-day meeting, which begins on Tuesday, will also be watched for clues on whether any slowdown in Europe or elsewhere could affect the central bank's monetary policy.

Oct 27, 2014

Arun Jaitley Favours Interest Rate Cut to Trigger Demand in Construction Sector

The Reserve Bank of India has signalled that it will not ease policy until it is confident of lower inflation.

Oct 25, 2014

Tata Zest Launched In India at 4.64 Lakhs; Prices, Bookings, Variant Details

Zest, Bolt Sales Crucial to Tata's Future While JLR Can Pay it More Dividend Than Due: Moody's

The phenomenal success of JLR continues to buy time for TML's weak Indian operations to turn around.

Oct 24, 2014

Gold Slips, Poised for Weekly Loss on Strong US Data, Dollar

Bullion's dip comes despite a tumble in US stock futures and gains in other safe-havens such as bonds.

Oct 24, 2014

BSE closes points 211.58 up on Oct 22

New Delhi, Oct 22 (ANI): Trading at the Bombay Stock Exchange today closed 211.58 points up to stand at 26,787.23. At the National Stock Exchange the Nifty closed 68.15 points up to stand at 7,995.90. PMCFIN and JINDALSTEEL were among the top gainers of Group A with an increase of 16.82% and 10.17% along with DHFL and NATCO PHARMA LTD. with an increase of 9.05% and 8.83% respectively, while the top losers of Group A include KAILASH and HAVELLS with a decrease of 12.39% and 3.43% along with PTC and NCC with a decrease of 2.32% and 2.21% at the close of the markets. The Auto sector is up 519.45 points at 18,020.89 while the banking sector is up 35.31 points at 18,822.74 and the reality sector is up 6.04 points at 1,486.08. The Indian currency is down 0.11% at Rs 61.24 per dollar.

Oct 22, 2014

Business Registration in India will Take Just One Day Instead of 27

The Department of Industrial Policy and Promotion has proposed to reduce taxes and allow online payment of taxes to ease investments in India.

Oct 22, 2014

BSE closes points 145.80 up on Oct 21

New Delhi, Oct 21 (ANI): Trading at the Bombay Stock Exchange today closed 145.80 points up to stand at 26,575.65. At the National Stock Exchange the Nifty closed 48.35 points up to stand at 7,879.40. BEML and JINDALSTEEL were among the top gainers of Group A with an increase of 17.03% and 7.46% along with EDELWEISS and PIIND with an increase of 7.19% and 7.08% respectively, while the top losers of Group A include SUZLON and EXIDE INDUSTRIES LTD. with a decrease of 4.97% and 4.57% along with SOUTHBANK and GUJRATGAS with a decrease of 3.79% and 3.34% at the close of the markets. The Auto sector is up 113.23 points at 17,501.44 while the banking sector is up 223.04 points at 18,787.43 and the reality sector is up 37.88 points at 1,480.04. The Indian currency is down 0.05% at Rs 61.33 per dollar.

Oct 21, 2014