National & International Financial news and Updates

Business news

SBI Cuts Interest Rates By 25 Basis Points

SBI has cut deposits with tenure exceeding one year by 25 basis points. Short term deposits see no change. Improved fund liquidity proved beneficial.

Dec 5, 2014

India to Export Buffalo Meat to Russia; More Products to Follow

In the face of retaliatory sanctions by Russia on EU, India set to benefit from an increase in trade of agricultural and dairy products

Dec 5, 2014

Warren Buffett Invests $25,000 in Hillary Clinton's Campaign

Warren Buffett, the billionaire philanthropist, has reportedly donated $25,000 to "Ready for Hillary" – a Political Action Committee (PAC) group that is raising money to support Hillary Clinton's run for president in the 2016 elections.

Dec 5, 2014

Ranbaxy Unit at Dewas Plant Slapped With EU Ban for Non-Compliance, Company Sees No Impact

Non-compliance report raises red flag over Ranbaxy's Dewas plant for deficiencies in design and operation of the clean-rooms, controls for preparation of components, leading to ban on exports from one of the units at the plant.

Dec 5, 2014

Blast Furnace in India at SAIL Plant - Representational Image

SAIL Floor Price Set at ₹83; Government Lines Up ONGC, CIL and Others

The floor price for the SAIL auction has been set at ₹83 and retail investors will receive 5% discount.

Dec 5, 2014

Delhi To Scrap Cars Over 15 Years In A Move To Reduce Pollution. Will Car Sales Pickup?

The National Green Tribunal banned vehicles older than 15 years off the streets of Delhi, with its unenviable record of being the world's worst polluted city. Will the move help more cars remains to be seen

Dec 4, 2014

Loose Cigarettes replacing the hands of a clock

Cigarette Maker Shares Rise as Proposal to Ban Loose Sale 'Overturned'; ITC up 6%, Godfrey Phillips 10%

Union Health Ministry's proposal to ban sale of loose cigarettes is unlikely to receive inter-ministerial clearance, say sources; cigarette stocks up. Farmers associations lobby hard against the move.

Dec 4, 2014

SoftBank Invests $250 Million in Cab Service App GrabTaxi

SoftBank Corp, the Japanese telecom firm, has made an investment worth of $250 million in the Southeast Asian taxi hailing app GrabTaxi Holdings, becoming the largest shareholder

Dec 4, 2014

Campus Recruitment Sees Upswing; Women Bag Top Offers from Internet Giants

The job market seems to have bounced back with international majors vying for Indian talent, offering incredible pay packages. Women emerge winners.

Dec 4, 2014

Term Deposit Rates Cut By ICICI And HDFC

HDFC and ICICI cut term rates to 8.75% across tenures; base rate remains unchanged.

Dec 4, 2014

NDA Disinvestment Agenda Back on Track; SAIL Kicks off Process with 5% Stock Sale

The government disinvestment agenda picks up pace with the sale of 5% of shares in SAIL; ONGC, Coal India and Hindustan Zinc lined up.

Dec 4, 2014

Railway Minister Allays Fears of Privatization

Prabhu makes clear that the railways requires private investment and assured that the State transporter won't be privatized

Dec 3, 2014

indian-navy-warships-representational-image

India to Modernise its Aging Naval Fleet as China Increases Presence in Indian Ocean

As Chinese battle ships and submarines increase their "port of call" in the Indian Ocean, India prepares to defend its "strategic background" more vehemently.

Dec 3, 2014