Business news

Air India joins Star Alliance group

New Delhi, June 24 (ANI): Civil Aviation Minister Ashok Gajapathi Raju on Tuesday announced the alliance of Air India with the Star Alliance group. The government expects that the step would help the ailing national carrier come out of its losses. Ending a seven-year-long wait, the Star Alliance Chief Executive Board (CEB), at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.

Jun 24, 2014

Rupee Strengthens by 10 Paise after Expansion in Chinese Manufacturing Sector

The Indian rupee strengthened by 10 paise at 60.10 per dollar versus Monday's closing of 60.20 a dollar.

Jun 24, 2014

Rupee, Market Open High but Decline during Monday Trade; Cement Stocks Down Due to Rail Fare Hike

The rupee recorded 60.18 per dollar on Friday against Monday's opening at 60.10 a dollar.

Jun 24, 2014

A man looks at a screen across the road displaying the election results on the facade of the BSE building in Mumbai

Sensex, Nifty Open High; ITC Gains 1.7%

BSE index opened higher at 25,115.83 points on Tuesday and Nifty too surged by 35.05 points at 7528.40 points.

Jun 24, 2014

Timeline: Changes in Prices of Gold Since Independence

India, the second largest consumer of gold has seen a rise in its rates due to Iraq crisis.

Jun 24, 2014

BSE closes points 74.19 down on June 23

New Delhi, June 23 (ANI): Trading at the Bombay Stock Exchange today closed 74.19 points down to stand at 25,031.32. At the National Stock Exchange the Nifty closed 18.10 points down to stand at 7,493.35. Indian Bank and Syndicate Bank were among the top gainers of Group A with an increase of 10.24% and 6.57% along with Mangalore Refinery and ONGC with an increase of 5.98% and 5.15% respectively, while the top losers of Group A include ITC and United Spirits with a decrease of 5.92% and 4.00% along with Kotak Mahindra Bank and Reliance Infrastructure Ltd. with a decrease of 3.83% and 3.12% at the close of the markets. The Auto sector is up 117.15 points at 14,995.46 while the banking sector is up 76.27 points at 17,273.05 and the realty sector is up 9.01 points at 2,015.63. The Indian currency is down 0.01% at Rs 60.19 per dollar.

Jun 23, 2014

Union Budget to be Presented on 10 July

The country will get its annual budget for 2014-15 on 10 July, Cabinet Committee on Parliamentary Affairs decided.

Jun 23, 2014

Five Things to Expect from Union Budget 2014-15

With just a few weeks to go for the Budget Session to kick off in the Parliament, several proposals have been put forth to the government. We have highlighted five things to expect from the Budget if the proposals are accepted.

Jun 21, 2014

Centre Slammed for Rail Fare Hike, Opposition says it will Affect Poor and Increase Food Inflation

The Central government, which hiked rail fares for passengers by 14.2 percent on Friday, came under the line of fire from the opposition and other parties who demanded a rollback.

Jun 21, 2014

Union Budget 2014-15: 10 Terms Buzzing ahead of Budget Session

With a few weeks to go for the Budget session to begin, certain terms are being popularly used in the run up to the Union Budget.

Jun 20, 2014

People walk past the BSE building in Mumbai

Indian Shares Open Flat, Overseas Investors Sell Shares Worth $70.52 Million

During the pre-opening session at 9 am, Sensex recorded 25,243.97 points with an increase of 42.17 points.

Jun 20, 2014

Raghuram Rajan, governor of Reserve Bank of India. (Reuters)

Raghuram Rajan Criticizes Srikrishna Committee Recommendations, Opposes Bringing All Regulators into One

Reserve Bank of India (RBI) governor Raghuram Rajan opposed recommendations in the BN Srikrishna Committee report, and termed merging of all regulators into one entity as "schizophrenic".

Jun 19, 2014

Bold Steps in Union Budget 2014-15? Report Suggests so

To control inflation, "bold steps" will be announced by the government in the Union Budget.

Jun 19, 2014

Timeline: Former Goldman Sachs Director Rajat Gupta's Journey to Jail

Rajat Gupta, the former Goldman Sachs Director who was convicted for insider trading, started his two-year jail term on Tuesday.

Jun 19, 2014

Sensex and Nifty Open High; Nikkei Surges due to Federal Optimism

During the pre-opening session at 9 am, sensex recorded 25,274 points with an increase of 27.75 points. While S&P BSE 100 recorded 7,698.32 points, Mid Cap, Small Cap and BSE 200 too recorded highs.

Jun 19, 2014