Business news

BSE Sensex Down by Over 2 Percent

The BSE Sensex witnessed a fall of over 2 percent on Thursday due to outflow of foreign money. It is the biggest one-day fall since last February.

Mar 22, 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 50.9055 rupees and the euro 67.4035 rupees.

Mar 22, 2012

India-Zimbabwe Trade Doubles in Four Years

Trade between India and Zimbabwe has reached to US $ 125 million in the financial year, 2010-2011, said Commerce Ministry Tuesday.

Mar 21, 2012

BSE Sensex Closes on a Good Note; Up by 1.65 Percent

The BSE Sensex closed up by 1.65 Percent on Wednesday, its second straight rise. Software companies and financial institutions gained on renewed growth hopes.

Mar 21, 2012

Mahindra Satyam To Merge With Tech Mahindra

The Mahindra group has approved the merger of its IT services providers Mahindra Satyam and Tech Mahindra Ltd. The combined revenue of the merged companies is expected to touch $2.4 billion, making it India's fifth largest software services exporter.

Mar 21, 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 50.5935 rupees and the euro 67.1366 rupees.

Mar 21, 2012

Additional Foodgrain Godowns To Be Created In 19 States

The government is planning to construct foodgrain storage capacity of 151 lakh tons in 19 states, said Minister of Consumer Affairs, Food and Public Distribution K.V. Thomas informed the Parliament Tuesday.

Mar 20, 2012

Govt Warns Kingfisher Airlines of Canceling Its License

Kingfisher Airlines could get into more trouble with the civil aviation minister warning to strip off its license if the airline fails to meet the safety norms and financial viability conditions.

Mar 20, 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 50.2545 rupees and the euro 66.5226 rupees.

Mar 20, 2012

BSE Sensex Falls for Third Straight Session

The BSE Sensex fell yet again on Monday as the country's financial sectors like banks have been hit. Earning worries also hit the technology stocks, leading to fall of stocks for a third straight session.

Mar 19, 2012

Railway Budget Row Ends, PM Accepts Dinesh Trivedi's Resignation

Prime Minister Manmohan Singh has accepted Dinesh Trivedi's resignation as Railway Minister.

Mar 19, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 50.1245 rupees and the euro 66.0025 rupees.

Mar 19, 2012

India, Africa Set $ 90 Billion Business Target

India and African nations have decided to set a $90-billion business target to be met by 2015.

Mar 18, 2012

Railway Budget 2012 Fiasco Continues: Dinesh Trivedi Not Resigning Lamely

The Trinamool Congress party wants its party member and Railway Minister Dinesh Trivedi to step down following his decision to hike train fare but he is not resigning lamely. He wants a written request from the party chief to quit.

Mar 17, 2012

India Inc Welcomes Union Budget 2012-2013

Leading business bodies and industrialists in the country welcomed the Union Budget 2012-2013 presented by the Union Finance Minister Pranab Mukherjee, Lok Sabha Friday.

Mar 16, 2012