New Delhi | June 20, 2013 01:59 (IST)
The Securities and Exchange Board of India (Sebi) will conduct on Thursday an auction for grant of investment limits to foreign investors in government debt securities worth over Rs 42,000 crore - the biggest sale of G-Secs so far this year.
New Delhi | June 20, 2013 01:53 (IST)
Employees of the Airports Authority of India (AAI) will go on mass casual leave on Friday to protest against the government's intervention in the functioning of the state-owned company.
Mumbai | June 20, 2013 01:33 (IST)
Terming rupee depreciation as a sign of falling competitiveness of the domestic economy, Uday Kotak, vice-chairman and managing director of Kotak Mahindra Bank, said on Wednesday that efforts should be made to increase productivity rather than only relying on short-term measures.
New Delhi | June 20, 2013 01:26 (IST)
The government may initially infuse Rs 1,000 crore in the proposed Telecom Finance Corporation (TFC) to address funding challenges facing the sector.
Washington | June 20, 2013 01:10 (IST)
US Federal Reserve chairman Ben Bernanke said on Wednesday that the US central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around the middle of 2014, comments that weighed on stocks and pushed bond yields to a 15-month high.
New York | June 20, 2013 01:03 (IST)
Bond prices and equities fell while the dollar rose on Wednesday after Ben Bernanke laid out a blueprint for how the Federal Reserve could wind down its bond purchase program.
New York | June 20, 2013 00:53 (IST)
Wall Street fell sharply on Wednesday, with losses accelerating in afternoon trading after Federal Reserve chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures later this year.
June 20, 2013 00:23 (IST)
The US Federal Reserve said on Wednesday that it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close.
Washington | June 19, 2013 23:44 (IST)
The US Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close.
Mumbai | June 19, 2013 23:09 (IST)
Healthcare firm Fresenius Kabi Oncology approached the Securities Appellate Tribunal (SAT) on Wednesday against market regulator Securities and Exchange Board of Indias order on minimum 25 per cent public shareholding and sought permission to delist its shares from the stock exchanges.
June 19, 2013 22:54 (IST)
News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28.
New Delhi | June 19, 2013 22:36 (IST)
Mobile Internet firm S Mobility Ltd approved on Wednesday a proposal to buy back shares worth up to Rs 60 crore.
New Delhi | June 19, 2013 21:26 (IST)
Foreign direct investment (FDI) in India has declined by 6 per cent to $5.47 billion during January-March quarter of the current year even as the government is making efforts to promote the country as an investment destination.
Frankfurt/London | June 19, 2013 21:06 (IST)
Vodafone is discussing a cash bid worth 7.6 billion euros with Germany's No. 1 cable operator Kabel Deutschland and is confident its offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.
Chandigarh | June 19, 2013 20:23 (IST)
Triggering competition, Bharti Airtel on Wednesday slashed data usage charges by 90 per cent for pre-paid subscribers in Punjab and Haryana, a day after Vodafone lowered data charges by 80 per cent for its pre-paid and post-paid customers in three circles.
New Delhi | June 19, 2013 19:56 (IST)
Quick settlement of claims, EPFO said in an officer order, "was necessary to improve the image of the organisation."
Mumbai | June 19, 2013 19:11 (IST)
Italian super luxury car-maker Automobili Lamborghini on Wednesday rolled out an exclusive limited edition of Gallardo LP550-2 for sports car enthusiasts in the country.
Paris | June 19, 2013 18:38 (IST)
The two companies have been locked in a bitter feud ever since LVMH, which owns Louis Vuitton and dozens of other luxury brands, revealed that it had secretly built up a 17 per cent stake in the family-dominated Hermes.
June 19, 2013 18:38 (IST)
Employee Provident Fund (EPF) and Public Provident Fund (PPF) are long-term investment instruments for retirement. The beauty of these options lies in their slow, steady and secure nature. You keep investing small amounts and end up with a big corpus by the time you retire.
Chennai | June 19, 2013 17:40 (IST)
Income Tax raids over 25 premises belonging to the SRM group in Chennai, Tiruchirapalli, Delhi, Ghaziabad, Sonepat and Bangalore.