The New Indian Express - Business - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Wed, 01 Jul 2015 05:34:16 +0530 Wed, 01 Jul 2015 02:19:46 +0530 Business Flipkart Ranked Second in top Global Book Sellers Flipkart is the only Indian brand to be ranked among the top five, says the survey report 'Top 40 Global Bookstore Mind Share' Wed, 01 Jul 2015 01:09:07 +0530 Diesel to Cost More in Himachal Diesel would be costlier by Rs 2.50 per litre in Himachal Pradesh as cabinet today decided to increase VAT on diesel from 11.5 per cent to 16 per cent. Tue, 30 Jun 2015 23:27:16 +0530 GROHE Launches Latest Generation of Shower Toilets Tue, 30 Jun 2015 23:12:51 +0530 TCS to Hire 60k Employees This Fiscal: Mistry Country's largest IT services firm TCS today said it will hire 60,000 people this fiscal and impart training to its existing one lakh employees in various digital technologies. Tue, 30 Jun 2015 23:09:48 +0530 Railways to see Investments Worth $120 bn : Prabhu As much as $120 billion will be invested in Indian Railways in the next five years for expansion and upgradation. Tue, 30 Jun 2015 22:50:00 +0530 Airtel Signs 4-year Deal With Nokia for 3G services Under the four-year contract, Nokia will provide its equipment and services to Bharti Airtel’s infrastructure. Tue, 30 Jun 2015 21:30:28 +0530 Petrol Prices cut by 31 Paise, Diesel 71 Paise Petrol in Delhi will cost Rs 66.62 per litre from tomorrow instead of Rs 66.93 at present and a litre of diesel will cost Rs 50.22 per litre as against Rs 50.93 earlier. Tue, 30 Jun 2015 21:12:59 +0530 Common Symbol: EC Concession for Unrecognised Parties Tue, 30 Jun 2015 21:05:21 +0530 MakeMyTrip to Raise Hotel Options Up to 40,000 in 2-3 Years Tue, 30 Jun 2015 20:12:25 +0530 Airtel, Nokia Deal to Roll-Out 3G in Five New Circles Indian telecom major Bharti Airtel on Tuesday said it has signed a deal with Finnish telecom equipment firm Nokia Networks to roll out its 3G network in five new telecom circles and expand the existing network in three circles. Tue, 30 Jun 2015 19:50:00 +0530 Flipkart Ranked Second in Top Global Book Sellers E-commerce major Flipkart has been ranked second among top book sellers of the world, according to a survey. Tue, 30 Jun 2015 19:45:32 +0530 CBI Files Chargesheet in Rs. 220 Crore Dena Bank Fraud Tue, 30 Jun 2015 19:38:33 +0530 Markets Factor-In Greece Default; Sensex Up 136 Points The Sensex touched a high of 27,814.53 points and a low of 27,570.95 points in the intra-day trade. Tue, 30 Jun 2015 19:27:55 +0530 Indian National, a First Time Ticket Buyer Becomes the 192nd Dubai Duty Free Dollar Millionaire Bijukumar Rajan, a first time ticket buyer at the Millennium Millionaire Promotion has created history by winning the draw at his first attempt. Tue, 30 Jun 2015 16:13:17 +0530 Markets Factor-in Greece Default Trade Marginally Up Investor sentiments were subdued in the Indian equity markets, which were trading flat as Greece headed towards a debt payment default. Tue, 30 Jun 2015 13:44:09 +0530 Greek PM Urged to Call off Referendum Greece's opposition has urged Prime Minister Alexis Tsipras to call off a referendum on July 5 and "stop the destruction". Tue, 30 Jun 2015 13:41:16 +0530 Amazon Web Services to Open Infrastructure Region in India Amazon Web Services, Inc. (AWS), an company says it will open an AWS infrastructure region in India for its cloud computing platform in 2016. Tue, 30 Jun 2015 13:38:55 +0530 Bharti Airtel Now Third-largest Mobile Operator Globally Bharti Airtel says it has become the third-largest mobile operator in the world in terms of subscribers. Tue, 30 Jun 2015 13:36:18 +0530 Bombay High Court Allows Nestle to Export Maggi Noodles In a partial breather for Nestle, the Bombay High Court has allowed the company's Indian branch to export all varieties of its popular two-minute Maggi noodles. Tue, 30 Jun 2015 13:33:44 +0530 Google Maps Now Available in 12 More Indian ities Starting Tuesday people can see traffic information for 12 new cities, including Kolkata, Thiruvananthapuram and Bhopal, on Google Maps, a company statement said here. Tue, 30 Jun 2015 13:31:59 +0530 Big Day for IPOs:IndiGo, Infibeam, Teamlease Eye Over Rs 3K Crores In a big day for IPOs, at least three companies have lined up public offers to raise an estimated over Rs 3,000 crore from investors. Tue, 30 Jun 2015 12:59:39 +0530 Sensex Gives Up Initial Gains, But Still Up 54 Points The benchmark Sensex turned choppy after its initial surge of 117 points though it's trading higher by 53.98 points on firm value-buying in healthcare, metal, realty, FMCG, capital goods and consumer durable sectors. Tue, 30 Jun 2015 12:02:33 +0530 Make in Maharashtra, Fadnavis Tells US Businesses Maharashtra Chief Minister Devendra Fadnavis tells US business leaders in New York that when they Make it in India it should be in his state and pitched its competitive edge. Tue, 30 Jun 2015 11:53:36 +0530 Indian Rural Economy to Remain Subdued in 2015-16: Moody's Credit rating agency Moody's Investors Service (MIS)says it expects India's rural economy to remain subdued through the fiscal year ending March 2016. Tue, 30 Jun 2015 11:30:41 +0530 Indian Equities Open Lower in Morning Trade The Sensex of the BSE, opened higher, but it soon headed south and was trading at 27,720.75 points some 30 minutes after the opening bell. Tue, 30 Jun 2015 10:15:00 +0530 Rupee Gains 8 Paise Against Dollar on Foreign Capital Inflows Snapping its five-day falling spree, the rupee rose 8 paise to 63.76 against the US dollar in early trade. Tue, 30 Jun 2015 09:55:59 +0530 China into Bear Market After Stocks fall 22 PC in June Tue, 30 Jun 2015 09:50:37 +0530 India Joins Asian Infrastructure Investment Bank The delegates from over 50 founding countries gathered at the Great Hall of the People in Beijing for the signing ceremony yesterday. Tue, 30 Jun 2015 09:41:40 +0530 Oil Holds Near Three-week Lows as Greece Enters Second Day of Bank Shutdown Oil futures hovered below three-week lows after Greeks took to the streets to protest against austerity following a bank shutdown. Tue, 30 Jun 2015 09:00:27 +0530 Asian Shares Tentative, Euro Sags as Markets Eye Greece Asian shares edged up and the euro sagged in early Asian trading as Greece lurched toward defaulting on a looming debt payment. Tue, 30 Jun 2015 08:33:38 +0530 Greek Referendum - A Big Bet to Keep Greece in the Euro The Greek prime minister may have called the referendum on bailout conditions, but Europe could potentially have the most to gain if the vote on Sunday saves Greece from exiting the euro. Tue, 30 Jun 2015 08:31:05 +0530 Greek Default Poses New Challenge to IMF Credibility At the beginning of June, Managing Director Christine Lagarde insisted she had the assurance of Greek leader Alexis Tsipras. Tue, 30 Jun 2015 07:48:15 +0530 Rishad Premji Takes Rs 1.7 cr Pay Package for FY15 Tue, 30 Jun 2015 05:58:01 +0530 Check-in-luggage Charge to Benefit Light Travelers: Thai AirAsia CEO Tue, 30 Jun 2015 05:57:35 +0530 Centre Mulls July 7 Food Ministers Meet as Essentials Prices Flare up Tue, 30 Jun 2015 05:57:07 +0530 Grexit to Hit India Lock, Stock and Barrel Tue, 30 Jun 2015 05:56:54 +0530 Centre Turns to RBI for Steps to Check Outflows European Central Bank froze a vital financial lifeline following the breakdown of bailout talks between Athens and foreign creditors. Tue, 30 Jun 2015 05:56:42 +0530 Reforms Rev Up Deal Street Tue, 30 Jun 2015 05:56:27 +0530 DTAA, 4 Other Pacts with Thai to Help Boost Bilateral Trade Tue, 30 Jun 2015 05:56:16 +0530 Rail Freight Subsidy for P and K in for Review Tue, 30 Jun 2015 05:56:00 +0530 DRL Recalls Select Drugs from US Mkt Tue, 30 Jun 2015 05:51:58 +0530 Greece Debt Crisis Spooks Markets Stocks, government securities, currencies and oil markets across the globe fell as European Central Bank froze Greek emergency bank aid, and as Athens imposed capital controls ahead of a country-wide referendum to be held on July 5; Greece needs to pay IMF 1.6 bn Euro by June 30 Tue, 30 Jun 2015 05:12:28 +0530 Chinese Premier Urges Greece to Stay in Euro Li, the prime minister of the world's second largest economy, is ready to offer support on the debt crisis. Tue, 30 Jun 2015 01:15:33 +0530 European Parliament Leaders Call for Resuming Greek Talks After the collapse of five-month reform-for-cash negotiations with international lenders, the Greek government called on voters to accept or reject the draft deal tabled by lenders on June 25. Tue, 30 Jun 2015 00:32:20 +0530 India Inks Agreement for Setting up Asian Infrastructure Investment Bank India on Monday signed the Articles of Agreement for establishment of the Asian Infrastructure Investment Bank (AIIB) at a ceremony in Beijing. Tue, 30 Jun 2015 00:06:06 +0530 SEBI Bans 7 Individuals in LGS Global Share Manipulation Case Sebi today slapped a six-year ban on seven individuals for manipulating trading in the shares of LGS Global Ltd over a period of three years starting from 2008. Mon, 29 Jun 2015 23:15:38 +0530 India, Thailand ink Agreement on Avoiding Double Taxation Sushma Swaraj, who is on a two-day visit to Thailand, inked a treaty to provide the legal framework for seeking extradition of fugitive offenders. Mon, 29 Jun 2015 23:11:35 +0530 Facebook Opens First Office in Africa Mon, 29 Jun 2015 22:49:16 +0530 Nearly 50% of AP Credit Plan for FY16 Allotted to Farm Sector The state credit plan in Andhra Pradesh for 2015-16 has been pegged at Rs 1,25,748 crore, in which the share of agriculture is Rs 65,272 crore. Mon, 29 Jun 2015 22:44:57 +0530 Sebi Bars 239 Entities for Making Rs 614 Crore Illegal Gains The capital market watchdog's order comes after it found manipulations in the scrips of four companies Mon, 29 Jun 2015 22:41:32 +0530 Credit Growth at Tepid 3.7% in First 9 Months of FY15: RBI Mon, 29 Jun 2015 22:10:15 +0530 CAG Slams Kerala Government for Delay in Implementing Sea-Plane Project Mon, 29 Jun 2015 22:00:38 +0530 Greek Crisis to hit Indian Exports, Trigger Capital Outflows The benchmark BSE Sensex dropped by more than 600 points in early trade today, but managed to recoup some loses later and settled the day lower by 167 points. Mon, 29 Jun 2015 20:05:08 +0530 New Textiles Policy Aims at 35 Mn Jobs, Foreign Investment' The ministry has also sought Rs 12,000 crore for the Technology Upgradation Fund (TUF) scheme for the ongoing 12th Plan (2012-17). Mon, 29 Jun 2015 20:00:16 +0530 After Maggi, Top Ramen Withdrawn From Indian Market Indo Nissin today announced withdrawal of its instant noodles brand ‘Top Ramen’ from the Indian market on orders from central food safety regulator FSSAI. Mon, 29 Jun 2015 19:25:50 +0530 India Pitches for Permanent Solution on Food Security Issue India pitched for a permanent solution to the food security issue at the WTO by December 31 so that there could be predictability on farm subsidies. Mon, 29 Jun 2015 19:25:27 +0530 Crompton Greaves's Technology to Fortify Electricity Networks in Philippines Avantha Group Company, Crompton Greaves (CG), has bagged two important orders in the Philippines for MINERGY Coal Corporation, Wellington Turbines, a Venezuelan enterprise. Mon, 29 Jun 2015 19:20:21 +0530 India, Thailand Sign MoU on Double Taxation Avoidance Agreement India and Thailand have signed an MoU on Double Taxation Avoidance (DTA) agreement during the joint commission meeting held in Bangkok. Mon, 29 Jun 2015 19:13:14 +0530 57 Countries Including India Make China-led Bank a Reality India along with Russia signed an agreement for the China-led $100 billion multilateral Asian Infrastructure Investment Bank. Mon, 29 Jun 2015 18:11:45 +0530 Greece Crisis: Finance Ministry Fears Capital Outflows, in Touch With RBI Worried that the Greece crisis may trigger capital outflows, Finance Secretary Rajiv Mehrishi on Monday said the government is in touch with the Reserve Bank which will take necessary steps to deal with the issue. Mon, 29 Jun 2015 17:15:35 +0530 HDFC Bank Launches '30-Min Auto', '15-Min 2-Wheeler' Loans Mon, 29 Jun 2015 17:04:56 +0530 Sensex Ends 166 Points Down, Recovers 430 Points from Day's Low Falling for the second day in a row, the 30-share Sensex nosedived to hit day's low of 27,209.19 points in early trade on across-the-board selling by investors as well as funds.   Mon, 29 Jun 2015 17:02:54 +0530 Air India Enforces Stricter Baggage Rules in UAE Passengers travelling by Air India and Air India Express from the United Arab Emirates (UAE) would face stricter rules on hand baggage from July 1. Mon, 29 Jun 2015 15:15:58 +0530 Hyderabad Angels to Invest Rs.6 Crore in Five Start-ups Hyderabad Angels (HA), one of the largest angel investors in the country, on Monday announced fresh investments to a tune of Rs.6 crore in five different start-ups. Mon, 29 Jun 2015 14:50:04 +0530 Centre Calls State Food Ministers Meet on Food Inflation on July 7 To control spiralling prices of pulses and other essential food items, the Centre will hold a meeting of all state food ministers to chalk out strategies. Mon, 29 Jun 2015 14:47:37 +0530 Amazon Catches up, Gets Past Flipkart on Site Visits As e-commerce players battle it out for buyers' attention, Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors in May. Mon, 29 Jun 2015 14:38:53 +0530 How a Mumbaikar Changed a Banking Law in 90 days! The efforts of 69-year-old Vaghani over few months which resulted in a significant amendment to the Act, which got President Pranab Mukherjee's assent vide an ordinance on June 15. Mon, 29 Jun 2015 14:32:34 +0530 Sensex Tanks 530 Points Over Greece Concern Sensex tanked 530.59 points or 1.91 percent on Monday afternoon as concerns rose over Greece defaulting its debt repayment. Mon, 29 Jun 2015 14:14:55 +0530 Banks in India Slow in Passing on RBI Rate Changes: IMF Paper Mon, 29 Jun 2015 13:11:12 +0530 Euro, Stocks Slide as Greece Edges Closer to Default Adding to the gloomy backdrop, China shares dived another 7 percent, bringing the losses in the past two weeks to 25 percent. Mon, 29 Jun 2015 13:11:11 +0530 Sensex Tanks 530 Points Over Greece Concern The Sensex touched a high of 27,451.07 points and a low of 27,209.19 points so far in the trade. Mon, 29 Jun 2015 13:07:54 +0530 World Bank Welcomes Signing of Agreement on AIIB Mon, 29 Jun 2015 13:02:55 +0530 DRL Recalls Anti-Seizure, Hypertension Drugs from US Market Dr Reddy's Laboratories has initiated a voluntary recall of some drugs used to treat seizure and hypertension from the US market. Mon, 29 Jun 2015 12:56:16 +0530 Greece Crisis May Have Indirect Impact on India: Finance Secretary India's stock markets fell nearly 2 percent on Monday and bond yields rose as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. Mon, 29 Jun 2015 12:46:04 +0530 Banks in Greece to Remain Shut All Week In a decree, the government cited the "extremely urgent" need to protect the financial system due to the lack of liquidity, BBC reported. Mon, 29 Jun 2015 12:20:04 +0530 NPCI, Japan's JCB to Partner on Payment Cards National Payments Corporation of India (NPCI) and JCB International Co. Ltd, a subsidiary of Japan's JCB Co. Ltd., are entering into a partnership for payment cards issuance and acceptance. Mon, 29 Jun 2015 12:11:06 +0530 Indian Markets Fall More, 10-year Bond Yield at Two-Week High on Greece Worry The rupee was at 63.9050 to the dollar after falling to 63.93, its weakest since June 18 and also from the previous close of 63.64/65. Mon, 29 Jun 2015 11:55:29 +0530 Gold Gets Safe-Haven Boost on Greek Fears, Equities Slump Spot gold rose 0.6 percent to $1,181.50 an ounce by 0343 GMT, after hitting $1,186.91 earlier in the session, its highest in nearly a week. Mon, 29 Jun 2015 11:18:56 +0530 BSE Sensex Falls Nearly 600 Points Mon, 29 Jun 2015 11:01:17 +0530 Greece Imposes Capital Controls, Banks to Remain Shut The Athens Stock Exchange would also not open Monday, financial sector officials confirmed. Mon, 29 Jun 2015 11:00:20 +0530 Amazon to Offer Loans to Sellers in China, Seven Other Countries Other large retailers including eBay Inc's PayPal and Alibaba Group Holdings, which run third-party marketplaces, are also turning to credit to boost their vendor base. Mon, 29 Jun 2015 10:55:04 +0530 Water Scarcity, Traffic Chaos Plague 'Queen of Hills' Another tourist, Abhimanyu Sethi from Delhi, complained: "There is no water in the hotel. I have seen the first destination in the country where the hotel has rationed water supply." Mon, 29 Jun 2015 10:06:25 +0530 China to Hold Slightly Over 30 Percent of New Development Bank China will have 26.06 percent of the voting rights in the bank, a Chinese-led development bank that will rival institutions such as the World Bank and the Asian Development Bank. Mon, 29 Jun 2015 09:58:54 +0530 World Out of Firepower to Stave off Next Crisis The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies. Mon, 29 Jun 2015 09:52:00 +0530 Greece Faces Economic Chaos and Bankruptcy The country faces bankruptcy within 48 hours after the Government made it clear it will not repay a euros 1.5 billion loan that expires on Tuesday. Mon, 29 Jun 2015 09:47:24 +0530 Greece Will Stay in Euro, Says Minister on Brink of Default Greece will not be forced out of the euro, the country's finance minister defiantly insisted even as his country balanced on the brink of default. Mon, 29 Jun 2015 09:47:08 +0530 Markets Braced for Greek Fallout Financial markets were poised for their worst period of turmoil since the height of the eurozone crisis four years ago. Mon, 29 Jun 2015 09:38:21 +0530 Sensex Falls Nearly 2 percent, Bonds Retreat on Greece Worries The Nifty fell 1.9 percent at 9:15 a.m., while the BSE Sensex was also down 1.9 percent. Mon, 29 Jun 2015 09:32:38 +0530 China's Banks Dominate Rankings for Profits, Strength China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Mon, 29 Jun 2015 09:24:31 +0530 Greece Imposes Capital Controls as Crisis Deepens Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight. Mon, 29 Jun 2015 09:22:15 +0530 Greece Sets Capital Controls, Six-Day Bank Shutdown Greece imposed capital controls and ordered banks to close temporarily after the European Central Bank froze a vital financial lifeline following the breakdown of bailout talks. Mon, 29 Jun 2015 08:42:24 +0530 Indian Pharma's Struggle to Tighten Standards Paves Way for M&A Deals Many of its top firms are facing sanctions at some of their factories, as the U.S. Food and Drug Administration (FDA) tightens checks and its approvals process. Mon, 29 Jun 2015 07:52:58 +0530 Resurgent Film Industry Poised to Flourish In an unexpected twist, Oru Vadakkan Selfie and Premam made with budget of Rs 4 crore have crossed the Rs 20-crore mark Mon, 29 Jun 2015 06:32:18 +0530 Cultivating Unused Lands for Economic Profitability Share of agriculture in state economy plummeted from 37 pc in 1980-81 to 8.83 in 2013-14, unless steps are taken to encourage youngsters to take up farming/agriculture the situation will worsen further. Mon, 29 Jun 2015 06:31:25 +0530 SEEM Conduct Seminar on Energy Efficiency SEEM in India, conducted a seminar on International Association in Energy Efficiency in association with French Agency CETIAT Mission. Mon, 29 Jun 2015 06:27:10 +0530 'SIB Mirror' Mobile App Launched South Indian Bank has rolled out SIB Mirror, an innovative mobile application to transfer funds and know your balance features. Mon, 29 Jun 2015 06:25:25 +0530 Kickstart Your Crowdfunding with Groovy Videos Kickstarter videos hold a lot of potential to lure in your potential angel investors , venture capitalists or anyone, jargons aside, who are willing to weigh in with funds for your dream project. Mon, 29 Jun 2015 06:24:01 +0530 Create Your Dream Job through Income Inn, prides itself in having created 50 employment opportunities in one year.  Started by Rajeshkumar C S and Anish Nandanan. Mon, 29 Jun 2015 06:22:39 +0530 SEBI Increases Vigil on Money Laundering Capital markets regulator has suggested probe by other agencies to check laundering of black money through stock markets Mon, 29 Jun 2015 06:18:37 +0530 'Indian Railways Among World's Top Employers' The Indian Army and Railways are among the world’s biggest employers, together employing 2.7 million people, according to a report. Mon, 29 Jun 2015 06:14:06 +0530