Business Today| LATEST HEADLINES

Allow FDI in multi-brand retail: Survey

Thu, 15 Mar 2012 09:44:04 GMT

The Economic Survey 2011-12 says foreign investment could help in curbing food inflation in a significant way.

Service sector helped India grow

Thu, 15 Mar 2012 09:02:54 GMT

The global recession only partially succeeded in slowing the Indian economy thanks to the robust growth in services at nearly 10 per cent in 2010-11 and 9.4 per cent this fiscal, says the latest Economic Survey.

Euro crisis to keep markets volatile

Thu, 15 Mar 2012 08:31:48 GMT

Subdued inflow of foreign funds not only led to a decline in Indian markets but also contributed to the sharp fall of the rupee, the Economic Survey for 2011-12 said.

SKS to raise Rs 200 cr via securitisation

Thu, 15 Mar 2012 07:39:31 GMT

The pool comprises receivables from 1,55,579 micro women borrowers from the weaker section as defined by the RBI and are identified from 18 non-Andhra Pradesh states where SKS Microfinance operates, a statement from SKS said.

Samsung Galaxy S3 coming to town?

Thu, 15 Mar 2012 07:23:14 GMT

Blog posts and tech sites are abuzz with news that the Korean technology giant's latest Android smartphone has entered mass production.

Rupee falls sharply, down 47 paise

Thu, 15 Mar 2012 07:05:18 GMT

The Indian rupee ended sharply lower by 47 paise to 50.38/39 against the American currency on fresh dollar demand from importers in view of firm dollar in overseas coupled with fall in domestic equity markets.

Lightest ultrabook is heavy on price

Thu, 15 Mar 2012 06:22:58 GMT

Priced at Rs 96,290, the Toshiba Portege Z830 costs Rs 8,000 more than the Asus Zenbook, but comes loaded with accessories and extra features.

Trivedi denies resignation news

Thu, 15 Mar 2012 05:59:53 GMT

Railway Minister Dinesh Trivedi, whose removal has been demanded by his party leader and TMC boss Mamata Banerjee, says he has not resigned as yet.

RBI keeps key policy rates, CRR unchanged

Thu, 15 Mar 2012 05:48:18 GMT

The Reserve Bank of India (RBI) in its mid-quarterly review kept repo and reverse repo rates unchanged at 8.5% and 7.5%, respectively.

Sensex falls 243 pts ahead of Budget

Thu, 15 Mar 2012 05:25:39 GMT

The BSE Sensex snapped 4-session winning streak on Thursday after RBI kept key rates unchanged and warned of inflation risks.

MCX wins court battle against Sebi

Thu, 15 Mar 2012 04:27:09 GMT

The Bombay High Court verdict asking Securities and Exchange Board of India to take a fresh look at the plea would pave the way for MCX-SX to start trading in shares.

Banks don't see RBI cutting rate

Thu, 15 Mar 2012 03:36:24 GMT

After having already cut cash reserve ratio(CRR) by 0.75 per centage points last week, bankers feel the Reserve Bank of India (RBI) may not do much with regard to cutting interest rate in its mid-quarterly review of monetary policy.

Nikon launches 36 mega pixel giant

Wed, 14 Mar 2012 09:55:57 GMT

A sensor so large means each an every part of the image can become a picture in its own right, that too without any noise or distortion.

Railway stocks slump during noon trade

Wed, 14 Mar 2012 08:17:20 GMT

At the BSE, shares of wagon maker Texmaco Rail and Engineering fell 5.62 per cent to trade at Rs 67.20 around 12.50 pm, rising a bit from the intra-day low of Rs 66.75.

RCom launches android CDMA tablet

Wed, 14 Mar 2012 07:59:15 GMT

Named Reliance CDMA tab, it boasts of a capacitive touch display of 7 inch and has Android v2.3 onboard.

Corporate America urges bold Budget action

Wed, 14 Mar 2012 07:34:10 GMT

Corporate America has urged India's Finance Minister to issue a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.

Inflation quickens to 6.95% in February

Wed, 14 Mar 2012 07:20:27 GMT

Inflation rose to 6.95 per cent in February because of sharp increase in food prices, especially vegetables and protein-based items. Inflation, as measured by the Wholesale Price Index (WPI), was 6.55 per cent in January.

Mallya pumps Rs 156 cr into Force India

Wed, 14 Mar 2012 06:34:40 GMT

Billionaire Vijay Mallya has pumped another Rs 156 crore into his Formula One team ahead of the start of the motor racing season in Australia next week even as his debt-ridden Kingfisher Airlines (KFA) is struggling to survive back home.

Kingfisher cancels more flights

Wed, 14 Mar 2012 06:13:07 GMT

Kingfisher Airlines announces further reduction in its flight schedule and said its promoter Vijay Mallya will on Thursday meet pilots agitating over delayed salary.

Rupee gains 8 paise against dollar

Wed, 14 Mar 2012 05:17:00 GMT

Dealers say higher opening in local equities amid sustained foreign fund inflows supported the rupee.

Sensex gains for fourth day, up 106 points

Wed, 14 Mar 2012 04:34:38 GMT

Despite rise in inflation figure, the BSE benchmark Sensex ended higher for the fourth consecutive day by gaining another 106 points in view of persistent buying mainly in banking, capital goods, PSU and power sectors ahead of the Reserve Bank of India's policy meeting on Thursday.

No bank accounts frozen: Jet Airways

Wed, 14 Mar 2012 04:28:04 GMT

Jet Airways says it has mutually agreed with tax authorities on a payment schedule for the pending service tax dues.

Bombardier bullish on Indian market

Wed, 14 Mar 2012 02:33:43 GMT

Canada's Bombardier commercial aircraft and business jet manufacturer has said the Asia- Pacific region, including China, will take delivery of about 4,000 aircraft in the 20-to 149-seat category over the next 20 years of which 1,300 will be in India.

Media, entertainment sector to grow at 15%

Tue, 13 Mar 2012 17:10:10 GMT

A FICCI-KPMG report is optimistic about the growth of the Indian media & entertainment (M&E) sector in general. According to the yet to be released report, the M&E industry has registered a growth of 12 per cent over 2010 to reach Rs 72,800 crore..

Sony Xperia Sola is now official

Tue, 13 Mar 2012 13:25:47 GMT

Sony is all set to flood the market with smartphones running on dual-core processors. After the announcement of the Sony Xperia P and Sony Xperia U, the company has now unveiled the Xperia Sola.