Business News

  • Two India-origin young CEOs in Forbes top-paid list IE - Fri, Aug 15

    Two Indian origin businessmen -- publishing software giant Adobe's Shantanu Narayen and global outsourcing major Cognizant's Francisco D'Souza -- have made to the league of young CEOs with fattest pay package in the US, as per a list compiled by Forbes.

  • MTNL cuts broadband rates, launches Mobile TV IE - Wed, Aug 13

    Public sector telecom services provider MTNL slashed broadband charges on Tuesday by up to 50 per cent to increase user base in the national capital.

  • Oil recovers, trades at $118.84 a barrel IE - Thu, Aug 7

    Oil rose on Thursday after dipping to three-month lows on fears over slowing US demand, as the market's focus returned to supply concerns in Turkey, Nigeria and Iran.

  • Markets turn choppy, inflation data eyed IE - Thu, Aug 7

    The stock market exhibited signs of consolidation at 15K level in a see-saw trade as both the key indices, Sensex and Nifty, were quoting barely steady early Thursday morning.

  • Single digit inflation by 2008 end: Montek IE - Thu, Aug 7

    India's headline inflation rate, which is ruling at a 13-year high just below 12 per cent, is expected to fall below double-digits by the end of the fiscal year, a top government official said on Thursday.

  • McDonald's mulling more product price rises IE - Thu, Aug 7

    McDonald's Corp said on Thursday it was considering further price increases, but would do nothing that slowed customer traffic into its global network of stores.

  • No plan to sell Petronet LNG stake: ADB IE - Thu, Aug 7

    The Asian Development Bank is planning to hold on to its 5.2 per cent stake in Indian gas importer Petronet LNG, a bank executive said on Thursday, denying media reports that it might be about to sell.

  • Olympics to turn investors on or off China? IE - Thu, Aug 7

    The Olympic Games that start in Beijing on Friday will probably only enhance China's attractiveness as an investment destination, but there is still plenty that could go wrong to chill sentiment.

  • Asian stocks fall on growth fears IE - Thu, Aug 7

    Asian stocks fell and government bonds rose on Thursday, as a sustained decline in oil prices could not shake a sense of gloom among investors about financial sector instability and the worsening global growth outlook.

  • No clear path to reviving WTO talks: US IE - Thu, Aug 7

    Differences between the United States and leading developing countries India and China that toppled world trade talks last week are too complex to be quickly resolved, a top US trade official said on Wednesday.

  • Risks confronting India's economy have grown: Moody's IE - Mon, Aug 4

    Moody's Investors Service says that the risks confronting India's economy have grown, but not yet to the extent that the government's Baa3 foreign currency and Ba2 local currency ratings are threatened.

  • Notice to Jet Airways for 'offloading' Kuldip Nayar IE - Sun, Aug 3

    Jet Airways has been asked by the Delhi Consumer Commission to explain why compensation should not be given to noted columnist Kuldip Nayar, who was allegedly prevented from boarding a flight from Amritsar to Delhi.

  • WTO talks fail as India and China stand up to US to 'protect' farmers IE - Wed, Jul 30

    The ministerial level talks here that attempted to clinch a global trade deal failed to achieve a breakthrough after nine long and tense days of discussions mainly due to differences between the US and India on measures to protect the livelihood concerns of poor farmers in the developing world.

  • More EMI pain in RBI's credit squeeze policy IE - Wed, Jul 30

    The Reserve Bank of India has opted to temper growth to curb inflation but its consequences for the aam aadmi who have taken a loan to buy a home is going to be painful.

  • Tue, Jul 29

    Home, consumer and other loan rates are expected to go up with Reserve Bank announcing a hawkish credit policy hiking key short-term lending rate by 0.5 per cent and mandatory cash reserve requirement by 0.25 per cent to contain runaway inflation now at 11.89 per cent.

  • Rate hike: All eyes on RBI amid signals that Reddy may play safe IE - Tue, Jul 29

    Reserve Bank of India Governor Yaga Venugopal Reddy almost always surprises the market. This time around, bankers and economists are vertically split if he would hike the repo rate or the cash reserve ratio or do both. But sources close to RBI say it's likely that Reddy may prefer to wait and watch.

  • Mkts spooked by B'lore blasts; shed 502 pts IE - Fri, Jul 25

    Extending losses for the second day on Friday, the Bombay Stock Exchange benchmark Sensex shed a hefty over 500 points due to aggressive selling triggered by weak global cues.

  • Move over America, the future is Asia: India IE - Thu, Jul 24

    The future of manufacturing is in low-cost youthful Asian economies, and the United States and Europe should abandon ideas of propping up uncompetitive industries, Commerce and Industry Minister Kamal Nath said on Thursday.

  • Tax payers can pay income tax through any bank account IE - Thu, Jul 24

    Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said.

  • Offer 'real' cuts in subsidy: Nath to US IE - Wed, Jul 23

    Commerce and Industry Minister Kamal Nath, who rejoined the WTO talks in Geneva on Wednesday, said the US must offer 'real' cuts in subsidy to its farmers and its proposal to reduce the doles was not in line with the current food prices.


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