Business news

Govt Puts FDI in Retail on Hold, Opposition Insists on Rollback

To break the impasse on Foreign Direct Investment in retail that has stopped the Parliament's winter session, the Central Government has announced that the decision to allow 51 percent FDI in retails has been put on hold. However, the winter session is likely to face trouble, as the Opposition party is demanding a rollback on the decision.

Dec 5, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 51.3925 rupees and the euro at 68.9227 rupees.

Dec 5, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 51.3523 rupees and the euro at 69.1380 rupees.

Dec 2, 2011

RBI's Reference Rate for Dollar on March 12, 2012

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.6520 rupees and the euro at 69.5086 rupees.

Dec 1, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India Wednesday fixed the reference rate for the U.S. dollar at 52.1650 rupees and the euro at 69.4735 rupees.

Nov 30, 2011

RBI's Reference Rate for Dollar Today (Nov 29, 2011)

The Reserve Bank of India Friday fixed the reference rate for the US dollar at 52.1665 rupees and the euro at 69.4263 rupees.

Nov 29, 2011

RBI Fixes Reference Rate for Dollar, Euro

The Reserve Bank of India (RBI) Friday fixed the reference rate for the U.S. dollar at 51.9830 rupees and the euro at 69.1243 rupees.

Nov 28, 2011

India's New Retail Policy Will Create 10 mn Jobs: Minister

The government's approval for 51 percent foreign direct investment in the supermarket sector may have created a storm at the ongoing winter session of Parliament, but Trade Minister Anand Sharma says the new retail policy will create a number of jobs.

Nov 25, 2011

RBI's Latest Reference Rate for Dollar

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 52.1665 rupees and the euro at 69.4263 rupees.

Nov 25, 2011

2G Scam: High Court to Hear Kanimozhi's Bail Plea Today

The Delhi Court will hear the bail plea of DMK MP Kanimozhi, who has been in jail since April 2011 in connection to 2G spectrum scam.

Nov 25, 2011

Lakshmi Mittal is Britain's Most Influential Asian for 2011

According to weekly newspaper Eastern Eye, 61-year-old Lakshmi Mittal, a Non-Resident Indian and the Chief Executive Officer (CEO) and Chairman of the Board of Directors of ArcelorMittal, is the most powerful Asian in Britain, for the year 2011.

Nov 24, 2011

AerCap Holdings to Take Back 2 Kingfisher Planes

Debt-ridden Kingfisher Airlines is set to face another problem. AerCap Holdings NV, one of the airine's lessors, is reportedly ready to re-claim two of its aircrafts.

Nov 24, 2011

Ratan Tata's Successor Found: Cyrus Mistry to be Tata Sons Chairman

Chairman of Tata Sons Ratan Tata will be succeeded by Cyrus Mistry, Director of Tata Sons and Tata Elxsi (India).

Nov 23, 2011

2G Scam: Supreme Court Grants Bail to 5 Corporate Honchos

The Supreme Court granted bail to five company executives, who are charged in the 2G spectrum scam, after the trial court framed charges against them today.

Nov 23, 2011

2G Case: CBI Named Former Telecom Secy., Raids Airtel and Vodaafone Offices

Early on Saturday, the Central Bureau of Investigation (CBI) named former telecom secretary, Shyamal Ghosh, in a fresh case filed by the investigating body for alleged irregularities in the 2G spectrum allocation.

Nov 19, 2011

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