Business news

CBI 'Examines' Nalini Chidambaram over ₹1 Cr Fee Paid by Saradha Group

The Central Bureau of Investigation questioned senior advocate Nalini Chidambaram, the wife of former Union finance minister P Chidambaram, in Chennai on Saturday in relation to the Saradha Ponzi scheme.

Sep 22, 2014

Govt Launches Updated Income Tax Website: File Returns, Apply for PAN Card from One Window

Finance Minister Arun Jaitley launched an updated version of the current website of the Income Tax department

Sep 22, 2014

Alibaba's Blockbuster Debut Creates History, Shares Surge 38% on Massive Demand

IPO of this Chinese e-commerce firm is likely to rank as the largest in the history

Sep 20, 2014

Fortune Top 30 Most Powerful Businesswomen in 2014

IBM CEO Ginni Rometty, 57, has topped the Fortune list of world's most powerful businesswomen in 2014

Sep 20, 2014

PepsiCo CEO Indra Nooyi is 3rd Most Powerful Businesswoman

Nooyi dropped from the second position she held last year to third in the list topped by IBM CEO Ginni Rometty

Sep 20, 2014

US call for greenfield investments in India

New Delhi, Sept 18 (ANI): In a bid to end the blockage of global trade, US top official called for green field investments in India through the 'Select USA' programme that will specifically concentrate on assisting new and expanding existing businesses. Speaking to reporters at CII Headquarters in New Delhi on Thursday Executive Director, Select USA, Vinai Thummalapally, invited competitive investors from India to USA. The director is on a seven-day visit to India and will be travelling across five cities – Delhi, Hyderabad, Coimbatore, Mumbai and Bangalore – to boost trade investment in the US. Counsellor for Commercial Affair John M McCaslin was also present at the "Select USA" press conference organised by the US Department of Commerce. Thummalapally said India's small and medium enterprises will benefit from the programme.

Sep 18, 2014

IKEA to Invest ₹12,500 Crore to Set Up 25 Furniture Stores in India

Ikea Group has 298 stores in 26 countries. In 2012, the firm opened 11 new stores in nine countries with 8,000 new employees. This time, Ikea has targeted India.

Sep 18, 2014

Gold Imports to Rise, Premiums may Double Ahead of Diwali

After and during the Indian festive season, Indian gold premiums to the global benchmark are also expected to surge by ₹731 to ₹912 for 30 grams, from the current rate of ₹426 to ₹609 an ounce.

Sep 18, 2014

BSE closes points 480.92 up on September 18

New Delhi, Sept 18 (ANI): Trading at the Bombay Stock Exchange today closed 480.92 points up to stand at 27,112.21. At the National Stock Exchange the Nifty closed 139.25 points up to stand at 8,114.75. UNITECH and HDIL were among the top gainers of Group A with an increase of 13.94% and 9.36% along with INDHOTEL and ADANIPOWER with an increase of 9.13% and 7.22% respectively, while the top losers of Group A include BRITANNIA and BHUSHAN STEEL LTD. with a decrease of 2.35% and 1.88% along with GMDCLTD and INFOSYS LTD. with a decrease of 1.36% and 1.35% at the close of the markets. The Auto sector is up 474.62 points at 18,221.49 while the banking sector is up 358.20 points at 18,488.77 and the reality sector is up 79.40 points at 1,788.61. The Indian currency is up 0.02% at Rs 60.94 per dollar.

Sep 18, 2014

De Beers Warns of Rise in Price as Diamonds Become Even Rarer

Global diamond sales stood at $79 billion (₹4.7 lakh crore) in 2013 rising 3% compared to 2012.

Sep 18, 2014

Apollo Hospitals to Acquire Hyderabad-based Hetero Pharmacy

Hetero Pharmacy owns 250 outlets across Andhra Pradesh, Telangana and Tamil Nadu.

Sep 17, 2014

'Ache Din' for Modi's Friend: Adani Enters List of Top 10 Richest Indians

Gautam Adani is nation's largest private coal trader and also manages India's largest port in Mundra

Sep 17, 2014

BSE closes points 138.78 up on September 17

New Delhi, Sept 17 (ANI): Trading at the Bombay Stock Exchange today closed 138.78 points up to stand at 26,631.29. At the National Stock Exchange the Nifty closed 42.60 points up to stand at 7,975.50. NATIONALUM and ABB were among the top gainers of Group A with an increase of 7.35% and 6.18% along with PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and BAJAJ FINSERV LTD. with an increase of 4.14% and 4.13% respectively, while the top losers of Group A include RCOM and SHRIRAM CITY UNION FINANCE LTD. with a decrease of 4.02% and 4.00% along with IRB and INDHOTEL with a decrease of 3.71% and 3.44% at the close of the markets. The Auto sector is up 178.74 points at 17,746.87 while the banking sector is down 7.73 points at 18,130.57 and the reality sector is up 8.62 points at 1,709.21. The Indian currency is down 0.17% at Rs 60.95 per dollar.

Sep 17, 2014