Union Minister Nirmala Sitharaman on Sunday said banks are not fully understanding the problems faced by small and medium enterprises, whose performance has been hit by the high interest rate regime.
Hike in coal freight charges by Railways will adversely impact the domestic cement industry with a hit of over Rs 2,000 crore and is likely to force companies to pass on the burden to consumers, industry experts say.
Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.
India Inc's overseas borrowings fell by 44 per cent to $1.2 billion in July this year as against $2.14 billion in the same period a year ago.
HCL Technologies outperformed other IT stocks on Thursday, following its first analyst meet in seven years. HCL Tech shares closed 1 per cent higher at Rs 798, outperforming the IT sub-index on the National Stock Exchange that ended 1.12 per cent lower. India's fourth largest outsourcer had on Wednesday announced a new strategy to drive growth.
Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.
Indian Oil Corporation (IOC) will invest around Rs 650 crore in expanding its storage and bottling capacity in Tripura over the next three years as it looks to prevent a fuel crisis in the state.
Climbing for a second straight day, gold prices advanced by Rs 50 to Rs 31,250 per 10 grams on Wednesday on increased buying by jewellers at the domestic spot market amid positive global cues.
Online classifieds firm Quikr on Wednesday said it has acquired ZapLuk, provider of on-demand beauty and wellness services, to scale up its 'AtHomeDiva' business.
OVL had in May applied to the Vietnamese authorities for a fourth extension of the exploration licence for the deepsea block to maintain India's strategic interest in the South China Sea.
Facing shortfall in freight loading, Railways on Tuesday rationalised coal tariff by reducing the rate for long-distance transportation and increasing it for short distance while imposing a coal terminal surcharge of Rs 110 per tonne at loading and unloading for distance beyond 100 km.
Exhorting students to take advantage of expanding economy, Finance Minister Arun Jaitley on Tuesday said education has become a powerful tool, which is contributing to growth of the services sector.
Gold got back some of its momentum after prices rose by Rs 150 to Rs 31,200 per 10 grams at the bullion market on Tuesday, on fresh buying by jewellers to meet festive season demand amid firm global cues.
Domestic gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
Mining giant Rio Tinto on Monday said it will shut down its Rs 2,200-crore diamond mining project in Madhya Pradesh (MP) and will explore options to the site to a third party.
Reliance Industries, India's largest conglomerate, has asked its 40,000-plus employees to stop using phones connections of existing operators, like Airtel and Vodafone, and instead switch to its own high-speed 4G Jio.
Former CCI head Ashok Chawla will take over as Non-Executive Part-time Chairman of Yes Bank from October as the lender has received approval from the Reserve Bank for this appointment.