New Delhi | May 19, 2013 19:37 (IST)
Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India (RBI) is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.
New Delhi | May 19, 2013 19:34 (IST)
A lingering row between CIL and power producers, such as NTPC, is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues like Rs 9,000-crore dues owed by electricity utilities are resolved.
New Delhi | May 19, 2013 16:50 (IST)
The Cellular Operators Association of India (COAI) is planning to approach the Department of Telecommunications (DoT) in the "next few days" asking it to cancel 19 licences awarded to Tata Teleservices (TTSL) over 5 years ago.
Mumbai | May 19, 2013 13:23 (IST)
Amid allegations of co-operative banks being used as conduits for money laundering, the National Bank for Agriculture and Rural Development (Nabard), which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity.
New Delhi | May 19, 2013 13:17 (IST)
The recent 'unbundling' of some services such as seat preferences or meals on board might be helping airlines to earn a lot of ancillary revenue, but the government is considering whether it could limit the number of 'preferred seats' on sale on each flight.
Mumbai | May 19, 2013 12:39 (IST)
Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme.
New Delhi | May 18, 2013 17:41 (IST)
Gold prices fell by Rs 110 to Rs 26,700 per 10 grams in the national capital on Saturday on reduced offtake against stockists selling sparked by a weak global trend.
Kolkata | May 18, 2013 15:04 (IST)
State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.
Kolkata | May 18, 2013 14:11 (IST)
ONGC said it is keen on foraying into unconventional gas sources like shale gas and would bid for blocks once the government put in place a national policy.
Mumbai | May 17, 2013 21:31 (IST)
Boeing said on Friday that it will ready the remaining four grounded Dreamliners of Air India within this month and also deliver the seventh 787 to the national carrier by end of the month.
New Delhi | May 17, 2013 21:10 (IST)
Czech car maker Skoda is considering stopping production of hatchback Fabia in India as it gears up to introduce new models here.
Mumbai | May 17, 2013 20:11 (IST)
National carrier Air India (AI) has sought compensation from Boeing for Dreamliners not meeting the 20 per cent fuel efficiency claims as the airline could achieve only a tad over 17 per cent fuel economy by its six 787s, an AI source said on Friday.
New Delhi | May 17, 2013 16:07 (IST)
Removal from negative credit watch means that the risk of Vedanta's rating downgrade by S&P has reduced in immediate future. The rating agency had put Vedanta on negative credit watch in April citing slow progress made by the company in re-financing the $1.35 billion debts, maturing in June.
Sydney | May 17, 2013 14:51 (IST)
The Argyle Phoenix, a 1.56 carat gem, is one of the three red diamonds on offer at the annual Argyle Pink Diamonds Tender.
May 16, 2013 23:40 (IST)
The sliver of computer-related jobs inside the U.S. that might be designated for foreigners fewer than 200,000 out of 6 million has been enough to strain a bipartisan deal in the Senate on immigration reform, showcase the power of big labor and splinter a once-chummy group of elite tech leaders hoping to make inroads in Washington.
May 16, 2013 20:46 (IST)
The Reserve Bank, which had bought $840 million of forex in March in an effort to shore up the reserves after a two-year hiatus, has leg room to snap up $9 billion more from the market, brokerage Bank of America Merrill Lynch (BofA-ML) said in a report today.
London/New Delhi | May 16, 2013 19:58 (IST)
India is calling in specialist monitors to improve the poor quality of coal it is getting for its power stations. Indian utilities complain that poor quality coal reduces the efficiency of power stations, requiring more fuel and an increased need for the costly disposal of pollution.
May 16, 2013 17:23 (IST)
Wal-Mart forecast earnings of $1.22 to $1.27 per share for the current second quarter, up from $1.18 a year earlier.
New Delhi | May 16, 2013 16:05 (IST)
The Bangalore-based IT major said its profitability is being affected by pricing pressures on services, and volatility of the currency exchange rates increased wage pressures in India and at other locations.
New Delhi | May 16, 2013 15:36 (IST)
The initial 100 units of the launch edition of GL Class vehicles will be imported and from September onwards the company will start assembling the vehicle at its plant at Chakan, near Pune.