Business news

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

BRICS Summit 2012: Members to Pressurise Europe, U.S. Over Global Monetary Imbalances

The members of the BRICS group-Brazil, Russia, India, China and South Africa have been united to pressurise the European countries and United States of America over the global economic imbalances and monetary policies, at the ongoing fourth meeting in New Delhi Thursday.

Mar 29, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.1450 rupees and the euro 68.2240 rupees.

Mar 29, 2012

BSE Sensex Closes 1 Percent Down; Banks Lead Fall

The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing.

Mar 28, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 50.9175 rupees and the euro 67.8500 rupees.

Mar 28, 2012

BSE Sensex Up by 1.2 Percent; Psychological Rally

The BSE Sensex rose 1.2 percent on Tuesday after the media reported that the government would not target the so-called participatory notes or P-Notes in a blanket manner under its newly proposed General Anti-Avoidance Rule

Mar 27, 2012

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TRAI Issues Guidelines to Stop Misleading Tariff Advertisements

Do you think your telecom service provider has been playing an unfair game with you? Have you fallen prey to his exiting advertisements and opted to a plan that you never want to? However, henceforth, this might not happen with you again.

Mar 27, 2012

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Kingfisher Airlines Likely to Lay-off its Employees: Sources

Kingfisher Airlines has been receiving brickbats from all the directions over its massive cut down in its flight operations, undue payments of salaries and outstanding tax amounts, owing to the debt crisis airlines is now mulling to resize its staff department and closing down of office across India in order to cost cut the expenses, said sources.

Mar 27, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 51.3090 rupees and the euro 67.9785 rupees.

Mar 27, 2012

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Manmohan Singh Meets Top CEOs of Korea in Seoul

Prime Minister Manmohan Singh Monday met the top CEOs of Korea and sought larger monetary investments in India.

Mar 26, 2012

Kingfisher Airlines Agrees To Clear Rs 10 Crore Of Service Tax Dues

Central Board of Excise and Customs (CBEC) chief S K Goel on Sunday said that the ailing Kingfisher airlines had agreed to clear Rs.10 crore of its whopping Rs.76 crore service tax due, in service tax arrears which it has already collected from passengers, by end of this fiscal year.

Mar 25, 2012