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Essar Sells Kenya Telecom Business for $120 Million

Essar Capital on Saturday announced the signing of binding agreements with Safaricom and Airtel for…

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Foreign Transaction Norms for Purchase of Government Bonds Relaxed by RBI

The Reserve Bank of India has said on Thursday that foreign investors will now be able to purchase government bonds in the secondary markets from banks, mutual funds, as well as other dealers. The Reserve Bank…

28 Aug 2014

Coal blocks allocation cancellation may disrupt investor trust: Ficci

The Supreme Court judgment that coal blocks allocated since 1993 onwards were illegal may disrupt restoration of investors' trust in the country, Sidharth Birla, president, Federation of Indian Chamber of Commerce and Industry (Ficci) said…

28 Aug 2014

Mahindra to Invest Another Rs.4,000 Crore at Chakan Plant

Mahindra & Mahindra, the automobile manufacturers, have on Thursday announced plans for investing Rs.4,000 crore more in its plant in Chakan in Maharashtra. The Executive Director of Mahindra & Mahindra Pawan Goenka has expressed confidence that…

28 Aug 2014

Sensex Hits Record High; Posts Seventh Consecutive Monthly Gain

A benchmark index of Indian equities markets Thursday hit a record high of 26,674.38 points before closing the day's trade at 26,638.11 points -- in yet another record. It surpassed the previous high of 26,630.74 points…

28 Aug 2014

HC dismisses Kingfisher Airlines appeal

Calcutta High Court today dismissed an appeal by Kingfisher Airlines against a trial court order that its chairman Vijay Mallya and board of directors may be represented by its law officers or company secretary on…

28 Aug 2014

BMW launches new X3 priced up to Rs 49.9 lakh

German luxury carmaker BMW today launched the updated version of its sports utility vehicle X3 priced up to Rs 49.9 lakh (ex-showroom Delhi). The new X3 is available only in diesel option and is being locally…

28 Aug 2014

Saradha scam: CBI Conducts Raids; Questions Businessmen In Kolkata

The Central Bureau of Investigation (CBI) today raided several places in relation to its investigation of the multi-crore rupee Saradha scam. Among the places where raid was conducted was the offices of businessman Sandhir Agarwal in…

28 Aug 2014

Secrets for Effective Visual Merchandising using Technology

The visual presentation in the store has always been the major customer motivation accounting for majority of retail purchase. Let's see some effective techniques to establish an interesting visual display and understand how technology can…

28 Aug 2014

RBI eases norms to refinance external commercial borrowings

The Reserve Bank today eased norms to refinance external commercial borrowings (ECB) and allowed banks to approve even those cases where the average maturity period (AMP) of fresh borrowings exceeds residual maturity of existing loan. However,…

27 Aug 2014

TCS Among Forbes' 100 List of World's Most Innovative Companies

Forbes has named TCS as "one of the World's Most Innovative Companies", and positioned it 57th as the highest-ranking global IT services provider on this year's top-100 list, a statement said here Wednesday. The World's Most…

27 Aug 2014

Stock Markets' Dream Run Continues as Sensex, Nifty Record New Peaks

Indian markets continued their record-setting spree with Sensex today jumping over 117 points to settle at new closing peak of 26,560.15 and Nifty rising 31 points to closing high of 7,936.05 on hopes of a…

27 Aug 2014

Flipkart bets on Partnership with Intel for its Tablet Range

Flipkart, along with global chip maker Intel, is betting big on revival of the tablet market in India as it launches a new range of tablets priced Rs 5,999 onwards under its in-house brand Digivive. In…

27 Aug 2014

Sensex Gains 117 points; Auto Stocks Surge

A benchmark index of Indian equities markets closed trade Wednesday 117.34 points or 0.44 percent up as auto stocks surged. Good buying was observed in auto, banking, IT and oil and gas sectors, while marginal selling…

27 Aug 2014

Air India Website Crashes Minutes after Offering Rs 100 Tickets on Sale

National carrier, Air India's website has reportedly gone offline on Wednesday after it had made an announcement of it's Air India Day Offer. As a part of Air India Day celebrations, Air India offered discounted tickets for…

27 Aug 2014

Inflation subdued as New Zealand's economic recovery slows

New Zealand's economic recovery has peaked and the pace of growth is slowing, suggesting the central bank might hold interest rates for at least the next year, according to the quarterly forecast of an independent…

27 Aug 2014

Sensex up 126 points; auto stocks surge

A benchmark index of Indian equities markets on Wednesday was trading 126.41 points or 0.48 percent up as auto stocks surged. All the sectors were trading in green and the rally was led by auto, consumer…

27 Aug 2014

Air India's grand celebratory sale: Tickets at just Rs 100

National state-owned carrier, Air India on Wednesday is set to celebrate the anniversary of its merger with the erstwhile Indian Airlines, as "Air India Day". As a part of the celebration, Air India would offer…

27 Aug 2014

We are not looking for financing, says Snapdeal

Online marketplace Snapdeal today said it is well-funded and is not looking at financing to grow its business even as the burgeoning e-commerce market in India sees competitors raise billions of dollars to fuel expansion. Snapdeal,…

26 Aug 2014

SBI Cuts Home Loan Rate by up to 0.15 Percent

The country's largest bank SBI today slashed home loan rate by up to 0.15 per cent on housing loan, a move likely to be followed by other lenders. Home loans of up to Rs 75 lakh…

26 Aug 2014

PepsiCo looking to reduce sugar content in soft drinks: Badal

Food Processing Minister Harsimrat Kaur Badal today said global food and beverages major PepsiCo is looking to bring down sugar contents in its soft drinks. Badal met PepsiCo Chairman and CEO Indra Nooyi here. "In soft drinks…

26 Aug 2014