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Rupee on way to recovery, gains 25 paise

Strengthening for the second day today, the rupee climbed 25 paise to 64.48 against the dollar on increased selling of the American currency by export...

Sensex recovers 123 points on global cues, F&O expiry

Benchmark BSE Sensex rebounded about 123 points in early trade today on fresh buying by investors, tracking a firm trend in other Asian bourses.Short-...

I-T unearths 400 benami deals, attaches Rs 600-cr properties

The Income Tax Department today said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases.Keen...

Wipro issues 4 lakh equity shares under stop option plans; HCL Tech stock buyback at Rs. 1,000 per share

India's third-largest IT software services exporter Wipro has issued 4.08 lakh equity shares in the past 15 days under employee stock options (ESOPs),...

Sensex rises 121 points in early trade today

The benchmark BSE Sensex recovered about 121 points and the Nifty regained the 9,400-mark in early trade today on fresh buying by investors amid bette...

Growth to remain subdued at 6.6% in Q4 FY17

Weak investment activity is likely to restrain economic growth at 6(point)6 per cent for the quarter ended March 2017, says a Dun and Bradstreet repor...

Job insecurity gives way to India's 1st IT workers union in Tamil Nadu

In 2008, as Tamil Nadu erupted in angry protests against the killings of Sri Lankan Tamils during that country’s civil war, a group of young software ...

Virgin Atlantic flight from Dubai to London evacuated

DUBAI: Virgin Atlantic says a flight from Dubai to London has been evacuated over a security threat.Virgin said in a statement Tuesday that passengers...

India offers tax concessions to Apple to expand production

India has offered to allow Apple to import mobile handset components intended for use in local manufacturing tax free, a top government official said ...

Sensex falls in closing trade as Indian army blasts Pakistan border posts

Indian share benchmarks slipped by about 0.6% on Tuesday as investors rushed to book profit after a strong rally since the Centre and states finalised...

RBI defies Supreme Court order, refuses to disclose list of loan defaulters

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court ...

Ratan Tata, Uday Kotak on board Shekhar Gupta's digital news venture

Industrialist Ratan Tata and banker Uday Kotak have joined a list of investors who've put money in editor-turned-entrepreneur Shekhar Gupta's media ve...

Govt to decide textile GST rates on June 3

As the GST Council reaches closer to fixing tax rates for textiles, the Textile Ministry has hoped it will take care of the interests of the industry ...

Paytm starts payments bank

Targeting 500 million customers by 2020, digital payments firm Paytm today launched its payments bank with 4 percent interest rate and cashbacks on de...

RBI to reconstitute oversight committee to deal with bad loans

The Reserve Bank today said it will reconstitute the oversight committee (OC) under its aegis to operationalise the banking ordinance for resolving th...

Rupee drops by 23 paise against dollar in early trade

The rupee depreciated by 23 paise to 64.78 against the dollar in early trade today due to increased demand for the US currency from importers.Early lo...

Sensex down 85 points in early trade on profit booking

The benchmark BSE Sensex fell by 85 points while NSE Nifty slumped below the 9,400-mark in early trade today due to profit booking by investors.The 30...

Ford fires CEO Mark Fields, Hackett takes reins

DETROIT: Ford Motor Co. Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as th...

Nubia Launches N1 Lite For ₹6,999 In India

NEW DELHI -- Chinese smartphone maker nubia on Monday launched an affordable smartphone N1 Lite in India.The nubia N1 Lite will be available at Rs 6,9...

GST is Modi Govt.'s 'biggest achievement': ASSOCHAM

The ASSOCHAM noted that benign inflation, both at the retail and wholesale levels, is among the other positives for the Prime Minister Narendra ...

Sensex climbs 227 points on global rally in stocks

The benchmark BSE Sensex rallied over 227 points in early trade today on buying in FMCG, banking and IT stocks by investors enthused by global rally i...

Rupee gains 15 paise against dollar in early trade

The rupee strengthened by 15 paise to 64.49 per dollar in early trade on selling of the US dollar by banks and exporters.Stock markets opened on a fir...

Inflation to fall by 2% after possible initial rise following implementation of GST: Hasmukh Adhia

Revenue Secretary Hasmukh Adhia has said, Inflation will fall by two per cent on implementation of the goods and services tax, GST, and will create bu...

India's export sector performs well despite global slowdown: Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman has said, India's export sector has performed well despite the global slowdown. Addressing a pr...

Policy to allow private investment in defence finalised by govt

The Defence Acquisition Council (DAC) on Saturday finalised the broad contours of a much-awaited policy under which select private firms will be roped...

No reduction in H-1B visas to India, says Nirmala Sitharaman

In a bid to ease apprehensions of the IT industry over the H-1B visas, Commerce Ministry Nirmala Sitharaman on Saturday said that India will get the s...

Forex reserves down USD 443.6 million to USD 375.27 billion

India's foreign exchange reserves declined by USD 443.6 million to USD 375.27 billion in the week ended 12th May. A RBI press release has informed tha...

Court rejects Nestle’s bid to trademark KitKat shape

LONDON: Food giant Nestle has lost a bid to trademark the distinctive four-fingered shape of the KitKat chocolate bar in Britain, the latest round in ...

Paytm bags USD 1.4 billion funding by SoftBank

New Delhi , May 18 : Mobile payment and commerce platform Paytm on Thursday announced receiving of an investment worth USD 1.4 billion from Japanese I...