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Posted: February 5th, 2012, 11:57pm EST
The rupee moved up by 9 paise to trade at 48.60 against the dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows.
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Posted: February 5th, 2012, 11:54pm EST
Iran has given a one-month ultimatum to an Indian consortium over the development of a gas field whose delay by India has been attributed to western pressure.
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Posted: February 5th, 2012, 11:38pm EST
The BSE benchmark index Sensex gained 218 points in early trade on Monday on sustained buying by funds and retailers amid a firming trend in Asian markets.
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Posted: February 5th, 2012, 7:18pm EST
Madura Fashion & Lifestyle, part of the $35-billion Aditya Birla Group, is holding talks with high-street names Giorgio Armani SpA and upmarket British clothier Hackett, besides striking a new deal with Esprit Holdings for the Indian market.
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Posted: February 5th, 2012, 7:14pm EST
Third week into the current results season, most of the top companies in India have surprised analysts and investors with better-than-expected results for the quarter ended December 2011.
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Posted: February 5th, 2012, 7:10pm EST
To protect investors from being taken for a ride, the government, along with the regulators in the financial sector, is working towards formulating a national policy on financial education. And a draft policy document has already been prepared.
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Posted: February 5th, 2012, 10:41am EST
Pranab Mukherjee said that inflationary pressures must be brought down to a tolerable & acceptable level before Indian economy can revert to high growth.
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Posted: February 5th, 2012, 1:20am EST
Family-controlled large business houses may be strong pillars of growth for India Inc, but experts warn that their internal feuds and succession issues also pose significant risks -- not only for the groups themselves, but for the entire economy as well.
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Posted: February 5th, 2012, 1:02am EST
Country's largest lender, State Bank of India, has decided to waive guarantees and annual service fees for loans to small and medium businesses guaranteed under the Credit Guarantee Fund Trust scheme.
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Posted: February 5th, 2012, 12:51am EST
Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country
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Posted: February 5th, 2012, 12:39am EST
Multi-brand car service chain Carnation Auto, promoted by former Maruti Suzuki India chief Jagdish Khattar, is gearing up for an aggressive foray into the used-car market, with plans to open over 160 outlets across the country in the next three years.
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Posted: February 5th, 2012, 12:36am EST
As many as half a billion Indians would need new homes in the country's various cities over the next decade, a requirement equivalent to all of China, North America and Western Europe put together, a report today said.
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Posted: February 5th, 2012, 12:35am EST
Led by IT bellwether TCS, eight of the country's top ten valued companies added Rs 39,894.58 crore to their combined market capitalisation (mcap) in a strong market the last week.
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Posted: February 5th, 2012, 12:32am EST
Having ruled the milk and dairy products market in Delhi and NCR for long, Mother Dairy has now decided to expand presence in other parts of the country within the next 2-3 years.
