Finance

Apple Worth More Than $1 Trillion: Carl Icahn

Activist investor Carl Icahn said that he valued the company's shares at $216 per share.

Feb 12, 2015

A model of the new Hyderabad International Airport

Privatisation of Airports: Adanis Eye Ahmedabad Airport

The privatisation move has been criticised by AAI employees

Feb 12, 2015

'Digital India': Call Centers, BPOs in Small Towns Soon, Says Ravi Shankar Prasad

Private players will be given incentives to set up the centres that will serve the poor, he said

Feb 12, 2015

Mahindra to Acquire Pipavav Defence for ₹3,000 Crore, Eyes Order Book

The Indian defence industry is witnessing consolidation, as companies line up to pick up supplying to the Indian defence requirements. This news could see more tie-up between Indian players, and Indian and foreign players.

Feb 12, 2015

Hotel Plaza owned by Sahara Chief in New York

Sahara-Mirach Deal Falls Through, Dampens Efforts to Secure Subrata Roy's Release

However, the offer to buyout Sahara's three overseas hotels for $2.05 billion exists

Feb 11, 2015

Apple Becomes First US Firm Worth $700Bn in Stock Valuation

The valuation puts Apple on the top, which is more than the combined valuation of Google and Microsoft, its two closest competitors.

Feb 11, 2015

Mills Sell Sugar at Lower Rates to Pay Farmers as they Wait for Subsidy

The sugar industry is reeling from increased production and depressed prices, and looks forward to the government announcing an export subsidy to tide over the crisis

Feb 11, 2015

IT Exports to Expand by 12-14% in FY15: Nasscom

Nasscom expects the Indian IT sector to clock 12-14% growth in the upcoming fiscal year, on the back of strong economic fundamentals of Western nations.

Feb 10, 2015

A Railway Worker inspecting tanker wagons

RBI Orders Tighter Compliance on Suspicion of $3.2bn Iran Export Scam

The central bank asked Indian banks to tighten compliance and asked them to be more vigilant on suspected money laundering cases.

Feb 10, 2015

HSBC Admits Swiss Banking Arm Held Accounts For Tax Evaders

"We acknowledge and are accountable for past compliance and control failures," the bank said

Feb 9, 2015

The Plaza, New York, partly owned by the Sahara Group

Mirach Capital Values Sahara's Overseas Hotels at $1.67 bn, Below Market Value

Its offer is seen as crucial to Sahara's efforts to raise funds to secure Subrata Roy's release from jail

Feb 9, 2015

RBI Deputy Governor Directs Lenders to Improve Asset Quality

Reserve Bank of India's Deputy Governor R Gandhi reiterated the central bank's stand on the need for lenders to improve asset quality.

Feb 9, 2015

Banks Seek EOW Probe into ₹15,000 crore Fake Remittances Scam

The Mumbai customs department wrote to the banks that the documents submitted by the importers were fictitious

Feb 9, 2015

Budget 2015: Govt Mulling Incentives to Individuals, Companies to Boost Savings, Investments

The corporation tax rate is 30 per cent and has remained unchanged for the last seven years

Feb 9, 2015

No Proposal to Hike Rail Fares at Present: MoS for Railways Manoj Sinha

Railway's Sinha said that there are no proposals currently being considered to hike rail fare. He insisted that details would be out only when the Railway Budget is presented in the Parliament.

Feb 7, 2015