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Will MRP be a thing of the past?

The government might consider revoking the cap to align with international standards and let free market forces decide the price.

1 hour ago

President Donald Trump announces the approval of a permit to build the Keystone XL pipeline, clearing the way for the $8 billion project. AP
Donald Trump's US jobs push may open doors to China in Mexico: ICBC bank

Fears of a hit to foreign investment ran high when Ford Motor Co cancelled a $1.6 billion plant in Mexico's central state of San Luis Potosi in January.

10 hours ago

Indian Railways sector.(Photo |Reuters)
Short of track, Indian Railways eyes private suppliers in blow to state steel firm SAIL

The vast state rail operator is undergoing a $130 billion, five-year overhaul to modernise the world's fourth-largest network, which is blighted by ageing track and saturated capacity.

10 hours ago

A busy office building is photographed from a tourist platform on early evening in Frankfurt, Germany, January 31, 2017. (Photo | Reuters)
Number of newly-minted millionaires at Europe's big banks is shrinking

The post-crisis attrition that has seen tens of thousands of jobs slashed across the industry has further diminished employees' bargaining power.

10 hours ago

State Bank of India Chairman Arundhati Bhattacharya. | EPS
SBI chairman Arundhati Bhattacharya features in Fortune's 'Greatest Leaders' list

With this, Arundhati Bhattacharya has become the only Indian corporate leader to be featured in the list.

12 hours ago

Infrastructure equipment finance business on a robust growth path

According to experts and sector insiders, the total size of the infrastructure equipment finance business in the country could be anything between Rs 25,000 crore and Rs 30,000 crore.

19 hours ago

Toyota Lexus drives down three luxury models to Indian market

The company officials were not yet keen to manufacture these products locally in India and said they watch the market conditions.

19 hours ago

Jio’s free offer has not caused distress in sector

Trai is likely to send its response to the Telecom Commission by Wednesday.

19 hours ago

Pradhan launches e-seva for consumers

A team of nodal officers from oil companies and allied services has been formed to address issues on a real-time basis.

19 hours ago

FIPB approves nine FDI proposals

Airtel last week had announced that it had signed a deal to take over all of Tikona’s 4G spectrum.

19 hours ago

Reliance Industries to challenge Sebi order

According to the company, the trades in Reliance Petroleum that were examined by Sebi were genuine and bona-fide transactions.   

19 hours ago

CPSEs’ profitability rises but turnover down in FY16

FY16 a mixed year for central PSUs, says Public Enterprises Survey.

19 hours ago

Reliance | Reueters
Sebi bars Reliance Industries from F&O market, asks return of Rs 1,000 crore

After finding that RIL made unlawful gains, Sebi has asked the company to disgorge Rs 447 crore, along with an annual interest

20 hours ago

The logo of French car manufacturer Renault is seen on an automobile in Vendenheim. | Reuters
European Investment Bank asks French diesel inquiry to probe Renault's use of loans

Renault, which has consistently denied breaking any laws or emissions rules, had no immediate comment on Friday.

24 Mar 2017

An offshore oil platform. (Reuters file image used for representational purpose only)
Oil edges up as Saudis cut supplies to U.S., but global glut remains

Benchmark Brent crude futures were at $50.86 per barrel at 1040 GMT, up 30 cents from their last close.

24 Mar 2017

In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. | AP
Wall Street set to open higher; healthcare bill vote awaited

Investors fear that a failure to pass the bill could endanger Trump's promises of tax cuts and stimulus.

24 Mar 2017

Sensex on the facade of the Bombay Stock Exchange building in Mumbai. (File photo | Reuters)
Sensex up for second day, Nifty reclaims 9100 as bank stocks gain

Bharti Airtel, which took a beating in the last two sessions, also closed higher by 0.59 per cent after reports
that the telecom giant has entered into a pact to buy Tikona Networks' 4G spectrum. 

24 Mar 2017

Toyota's luxury brand Lexus. (File photo | AFP)
Toyota drives in luxury brand Lexus to India with three models

The company will start retailing the products from four dealerships -- Delhi, Gurgaon, Mumbai and Bengaluru -- to start up in the country, and also establish service centres elsewhere.

24 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
NCDEX seeks regulator nod to relaunch futures trading in pulses

Tur and urad were banned in 2007, while chana (gram) was suspended from trading last year after prices soared, leading to a rise in inflation.

24 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
Mutual fund exposure to bank stocks hit record high of Rs 1.2 lakh crore in February end

In comparison, fund managers had allocated Rs 71,864 crore for bank shares in the year-ago period.

24 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
Gold prices fall, futures shed percent on weak global cues

Amid a weakening global trend, gold prices fell further by 0.09 per cent to Rs 28,775 per 10 grams in futures trading today as speculators engaged in trimming their positions.

24 Mar 2017