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Updated: Sep 30, 2014 11:35 AM
Raghuram Rajan's dogged perseverance of low inflation continued when he left the key rates unchanged in his policy review on Tuesday, as was widely expected of him. Consequently, the repo rate remains unchanged at 8 per cent and the cash reserve ratio s
Updated: Sep 30, 2014 01:32 PM
The benchmark indices, BSE Sensex and the NSE Nifty, gained strength in afternoon trade after the Reserve Bank kept key interest rate unchanged in its bi-monthly monetary policy. The advance-decline ratio turned in favour of the gainers post the announc
Updated: Sep 30, 2014 02:31 PM
Nifty October Futures (8,010) The market remains choppy, with one more trading day left for the week. The Nifty futures contract opened lower at 7,981 today. However, it managed to bounce above 8,000 levels immediately after, recording a low of 7,979. T
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21 minutes ago
Global FMCG giant Unilever’s India-born Chief Operating Officer Harish Manwani will retire on December 31, 2014 after 38 years of service in the company. Manwani — the first ever COO of Unilever — will however, continue as Non-Executiv
42 minutes ago
Hydrocarbon behemoth Oil and Natural Gas Corporation Ltd (ONGC) will contribute Rs 20.75 crore for the beautification and cleanliness of the Taj Mahal. A tripartite memorandum of understanding (MoU) for this was signed at the Red Fort in New De
an hour ago
Leading stock exchange BSE will auction tomorrow Government debt securities worth Rs 4,176 crore for overseas investors. The auction would be conducted for overseas investors at BSE’s ebidxchange platform for Government debt securities, according
an hour ago
Microsoft today said it will offer commercial cloud services from local data centres in India by 2015 as the tech giant gears for competition for the estimated $2-trillion domestic market opportunity from rival firms such as Google and IBM. The US-headq
an hour ago
The stock price of Mumbai-based property developer Housing Development and Infrastructure Limited (HDIL) rose 5 per cent intraday. This was on the back of an announcement that all the company’s promoters shares, that were pledged with IL&FS Tr
Sep 30, 2014 12:21 PM
Asian markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the US dollar eased back a touch but was still on track for its biggest monthly gain in well over a year.Tens of thousa
Sep 30, 2014 09:53 AM
The benchmark 10-year bond yield rose on Tuesday after the central bank said upside risks to its January 2016 inflation target of 6 per cent are significant and its future policy stance will be influenced by this inflation target. The central bank also
Sep 26, 2014 12:03 PM
Gold prices fell 0.09 per cent to Rs 26,911 per 10 grams at the futures trade today as participants reduced their positions even as the precious metal rose overseas.On the Multi Commodity Exchange, gold for delivery in October eased by Rs 24 or 0.09 per c
Sep 29, 2014 09:30 PM
At the 19th session of the joint India-Russia Working Group, to study the scope of Comprehensive Economic Co-operation Agreement (CECA), some major issues to be addressed by the Indian side are: 1) Issues related to Market Access faced by Veterinary and a
Sep 29, 2014 10:47 PM
Fifth edition of Canon's photography initiative saw new talent emerge Photography enthusiasts from all over the country participated in the fifth edition of Canon’s Photomarathon held last weekend. The initiative first kicked off in India in 2009 a
Sep 29, 2014 10:25 PM
Mahindra Two Wheelers Ltd, a Mahindra Group company, has launched Gusto, a scooter developed at its Pune facility. The 110cc scooter, introduced in two variants, is the first product to be developed independently after its acquisition of Kinetic Motor six
Sep 29, 2014 10:44 PM
Coal Ministry seeking legal view on ultra mega projects The fate of NTPC’s five coal blocks allocated between 1993 and 2010 hangs in the balance. The Supreme Court on September 24 ordered de-allocation of blocks, except those given to ultra mega po
Sep 29, 2014 04:32 PM
The Swiss Government is looking to soon resolve the issues arising out of new labelling guidelines in India. Issued by the Food Safety and Standards Authority of India (FSSAI), the nodal agency under the Health Ministry, the new rules mention that the l
Sep 29, 2014 01:01 PM
Asserting that trade and commerce leads international relations in today’s age, Prime Minister Narendra Modi assured the Indian-American community here that his government is determined to put the economy on an upward trajectory by focussing on key
Sep 29, 2014 04:16 PM
The European Bank for Reconstruction and Development (EBRD) is keen to work closely with Indian companies and assist them in their investments abroad, Riccardo Puliti, Managing Director, has said. As a motor for change in central and eastern Europe and
Sep 29, 2014 08:59 PM
Relaxing the 80:20 rule will not, as many fear, lead to an unmanageable spike in the gold import bill The recent slide in global crude oil and gold prices offers India a reprieve on the current account deficit (CAD), presenting an opportune time for poli
Sep 29, 2014 10:45 PM
There is opportunity in the garbage dump India’s solid waste heap is growing. It can contain anything from tonnes of broken concrete blocks from demolished structures to acres of used electronic parts. As old buildings and equipment give way to new
Sep 29, 2014 10:58 PM
Lack of trained manpower and elaborate guidelines plague recycling With land being a scare resource and recycling centres few and far in between, many realtors, and even the transporters they hire, cut corners and illegally dump construction and demolit
Sep 29, 2014 11:11 PM
For start-ups, there’s money in the dust bin Mohammed Dawood S, 27, slaps on his gloves and digs through layers of compost-in-the-making to show me his earthworms. They’re pleasantly plump and feasting on the collected decomposing organic wa
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