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Forex reserves touch all-time high of $327.88B

General

06 February, 2015

Forex reserves touch all-time high of $327.88B

India's foreign exchange reserves surged by USD 5.84 billion to touch a fresh life-time high of USD 327.88 billion in ......

Mirach Capital hits back at Sahara, offers to buy out overseas hotels

General

06 February, 2015

Mirach Capital hits back at Sahara, offers to buy out overseas hotels

Hitting back at Sahara, US-based Mirach Capital on Friday rejected accusations of indulging in forgery and counter-accused the Indian group ......

Indian-American Ajay Banga gets key position in US administration

General

06 February, 2015

Indian-American Ajay Banga gets key position in US administration

US President Barack Obama has announced to appoint top Indian-American CEO Ajay Banga to a key administration position. Banga, chairman of ......

Curious turn to Sahara's $2B deal; BofA says not a banker

General

05 February, 2015

Curious turn to Sahara's $2B deal; BofA says not a banker

Crisis-ridden Saharas' efforts to raise funds to secure bail for its chief Subrata Roy have taken a mysterious turn, with ......

Chennai's Jain Housing bags $35M from GIC for high-end residential project

Infrastructure

04 February, 2015

Chennai's Jain Housing bags $35M from GIC for high-end residential project

Real estate developer Jain Housing and Construction has received Rs 220 crore funding from Singapore-based GIC Pvt Ltd as part ......

Vedanta lead bidder in coal auction, eyes 14 blocks; Birla, Adani, Jindal also in fray

Manufacturing

04 February, 2015

Vedanta lead bidder in coal auction, eyes 14 blocks; Birla, Adani, Jindal also in fray

After Gare Palma IV/7 block in Chhattisgarh, maximum 12 bids each have been received for Tokisud North block in Jharkhand, ......

Mobile data usage powers Bharti Airtel to more than double net profit in Q3

TMT

04 February, 2015

Mobile data usage powers Bharti Airtel to more than double net profit in Q3

Telecom major Bharti Airtel today reported over two-fold jump in consolidated net profit at Rs 1,436.5 crore in the third ......

Govt cuts retail price of petrol and diesel even as crude price rises

Others

03 February, 2015

Govt cuts retail price of petrol and diesel even as crude price rises

Ahead of Delhi polls this Sunday, petrol price was cut on Tuesday by Rs 2.42 per litre and diesel by ......

RBI-SEBI close to reaching a common ground on valuation of troubled cos

General

03 February, 2015

RBI-SEBI close to reaching a common ground on valuation of troubled cos

 The Reserve Bank and market regulator Sebi are close to reaching an agreement for providing waiver of existing norms to ......

Core sector growth slows to 3-month low of 2.4% in December

General

02 February, 2015

Core sector growth slows to 3-month low of 2.4% in December

Growth in eight core industries slowed to three-month low of 2.4 per cent in December last year, adding to clamour ......