New Delhi/Mumbai | June 18, 2013 11:22 (IST)
To rekindle investment in new, modern roads that India badly needs, the government has been rolling out a slew of policy measures, including a strategic shift in how projects are financed.
Written By: Varun Sinha | June 18, 2013 11:22 (IST)
Infosys founder N R Narayana Murthy came back from retirement earlier this month to take charge of India's second biggest outsourcer, which had lagged its peers over the last few quarters, pressuring its stock price and dampening investor confidence.
June 18, 2013 10:22 (IST)
The BSE Sensex declined 0.4 per cent while the Nifty fell 0.44 per cent lower on Tuesday. Lenders fell, retreating from gains on Monday, ahead of the Fed's meeting ending on Wednesday as an early end to U.S. monetary stimulus is raising worries about a weaker rupee and hence a delay in any potential RBI rate cuts.
June 18, 2013 09:31 (IST)
Maruti Suzuki was on Tuesday downgraded to "underweight" and the target price was cut by nearly 14 per cent by global investment bank JPMorgan.
June 18, 2013 09:14 (IST)
Rupee slips to 58.38 against dollar, nears record low
Chennai, India | June 18, 2013 08:34 (IST)
Ford Motor Co began shipping its locally-made EcoSport compact SUV on Monday, hoping to share in growing demand in India for mini-sport utility vehicles, which are popular due to heavy traffic, scarce parking and bumpy roads.
Tokyo, Japan | June 18, 2013 08:18 (IST)
Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus programme - with the mere suggestion of fine-tuning it enough to unnerve investors.
June 17, 2013 21:04 (IST)
The online search engine leader had planned to issue Class C shares as a dividend to investors, but a shareholder, the Brockton Retirement Board, sued, claiming the plan gave the founders, Sergey Brin and Larry Page, added control without paying for it.
New Delhi | June 17, 2013 20:50 (IST)
Mr Roy, who at present a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31.
June 17, 2013 20:04 (IST)
Roaming charges are set to fall from July 1 after Telecom Regulatory Authority of India (TRAI) announced new tariff structures for voice calls and SMSes.
June 17, 2013 19:46 (IST)
A depreciating rupee against the dollar means the cost of education in the US goes up, indicating that the student may have to borrow extra to fund his studies.
June 17, 2013 19:12 (IST)
The indirect tax collection for the month of April-May was Rs 71,379 crore, while the customs duty collection and service tax collection for the period were Rs 28,080 crore and Rs 19,710 crore, respectively.
New Delhi | June 17, 2013 19:02 (IST)
Earlier, this provision was there for gold units outside the zones.
June 17, 2013 18:53 (IST)
The government is keen on increasing FDI ceilings to attract more inflows, and finance the widening current account deficit.
Hyderabad | June 17, 2013 18:33 (IST)
The no-frill Air Costa will initially fly to Bangalore, Chennai, Hyderabad and Vijayawada and later to some two-tier cities in the north.
June 17, 2013 18:16 (IST)
Panel members conducted the second phase of inspection of Sterlite unit yesterday, and checked if the pollution monitoring equipment at the unit was working properly.
June 17, 2013 18:01 (IST)
According to RBI trade deficit widened to $20.1 billion in May from $17.8 billion a month ago. Gold and silver imports rose nearly 90 per cent to $8.4 billion in May.
Mumbai | June 17, 2013 17:57 (IST)
Dealers said the rupee was helped by the central bank's concern that a falling currency would feed into imported inflation, comments that suggested it would not tolerate large rupee weakness.
Hong Kong | June 17, 2013 17:38 (IST)
Li's companies have been seeking to expand their already considerable global portfolio of investments in utilities and infrastructure, which include electricity plants in Australia and natural gas networks in Britain.
June 17, 2013 17:26 (IST)
The announcement comes a day after the company appointed former Tata group chairman Ratan Tata as the chief adviser to the AirAsia board.