The New Indian Express - Business - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Fri, 04 Sep 2015 11:22:35 +0530 Fri, 04 Sep 2015 11:13:38 +0530 Business Rajan Completes Two Years, Pressure Mounts to Cut Rates The Governor successfully brought down retail inflation to 3.8 per cent in July from 9.8 per cent in September 2013. Fri, 04 Sep 2015 11:13:24 +0530 Sensex Crashes 521 Points in Early Trade on Profit-booking BSE Sensex, which gained 311.22 points in the previous session, tanked 521.63 points, or 2.02 per cent, to 25,243.15. Fri, 04 Sep 2015 10:27:38 +0530 US Stocks End Mixed Amid Mixed Data The US stocks pared early gains to end mixed on Thursday, as investors tried to digest a batch of mixed economic reports. Fri, 04 Sep 2015 10:00:48 +0530 Oil Prices Climb as US Stocks Stabilize Inventories at Cushing, Oklahoma, the delivery point for the US contract, lost 0.4 million barrels to 57.3 million barrels. Fri, 04 Sep 2015 09:58:16 +0530 Tokyo Stocks Open Lower Tokyo stocks opened slightly lower on Friday amid a cautiousness mood ahead of the release of the US monthly jobs data. Fri, 04 Sep 2015 09:48:53 +0530 High-flying Start Awaits GIM as TN Govt Sketches $5 Billion Aerospace Blueprint Fri, 04 Sep 2015 04:45:58 +0530 Services PMI Rise Amid Poor Hiring Fri, 04 Sep 2015 04:45:42 +0530 RBI Will Take Note of Deflationary Forces, says Sinha Fri, 04 Sep 2015 04:45:35 +0530 IndianOil Ranks 119 in Fortune's Global 500 List Country’s largest fuel retailer, Indian Oil Corporation Ltd, is ranked 119 in the ‘Fortune Global 500’ list for 2015. Fri, 04 Sep 2015 04:43:51 +0530 US Fines Japan Firm $65 Mn For Auto Parts Price-Fixing The Nagoya-based NGK Insulators "conspired to rig bids for, and to fix, stabilize and maintain the prices of catalytic converter substrates." Fri, 04 Sep 2015 01:48:59 +0530 RBI to Issue Rs 5 Coin on Golden Jubilee of 1965 India-Pakistan War The Reserve Bank of India will shortly put into circulation Rs 5 coins to commemorate golden jubilee of Indo-Pak War 1965. Thu, 03 Sep 2015 19:53:31 +0530 Etihad Elevates Neerja Bhatia as VP for India & Subcontinent UAE flag carrier Etihad Airways elevated Neerja Bhatia as its vice-president for India and the Subcontinent. Thu, 03 Sep 2015 19:46:04 +0530 CAIT Writes to Modi on a Separate Ministry for Retail Sector Traders body CAIT sought Prime Minister Narendra Modi's intervention in formulating a national trade policy for the retail sector. Thu, 03 Sep 2015 19:39:18 +0530 National Oil Companies in Mid-east Keen to Hire Storage in India National oil companies of Saudi Arabia, Iran, Kuwait and UAE have evinced interest in hiring a part of the under-construction strategic oil storages. Thu, 03 Sep 2015 19:32:05 +0530 Government to Give Priority to Infrastructure Development: Nirmala Sitharaman Government assured exporters that it will give top priority to developing modern infrastructure for boosting shipments to overseas markets. Thu, 03 Sep 2015 19:10:18 +0530 Reliance Cement Forays Into Online Selling Reliance Cement Company Pvt, a subsidiary of Reliance Infrastructure, announced its foray into the online space to sell crucial binding material. Thu, 03 Sep 2015 18:58:08 +0530 IL&FS Trust Acquires 9.97% in Max India Through Pledging IL&FS Trust Company (ITCL) said it has acquired over 2.65 crore shares in Max India equivalent to 9.97 per cent holding Thu, 03 Sep 2015 18:53:00 +0530 Investment Proposals in Electronics Sector Cross Rs 1 Lakh Crore: Ravi Shankar Prasad Government has received investment proposals worth over Rs 1 lakh crore in the electronics sector, Telecom Minister Ravi Shankar Prasad said. Thu, 03 Sep 2015 18:47:00 +0530 NSE Seals Pact With Stock Exchange of Mauritius for Synergy NSE has formalised a MoU with the Stock Exchange of Mauritius (SEM) to facilitate co-operation between the two exchanges. Thu, 03 Sep 2015 18:38:29 +0530 India Bright Spot; Must Invest in Infrastructure for High Growth: President of India President Pranab Mukherjee said that India is a bright spot in an otherwise "gloomy global economy" and it should invest in infrastructure. Thu, 03 Sep 2015 18:29:23 +0530 RBI to Consider Deflation While Deciding Interest Rates: Jayant Sinha The Reserve Bank will take into account the domestic and global deflationary trend and take appropriate action on interest rate. Thu, 03 Sep 2015 18:20:31 +0530 Nasscom Says Euro Fall May Hit Revenue From Europe Software industry body Nasscom said the currency volatility will impact companies deriving revenue from Europe. Thu, 03 Sep 2015 17:10:20 +0530 Australia to Encourage Companies to Participate in Mines Auction in India Australia has assured India on encouraging its mining giants such as Rio Tinto and BHP Bilton to participate in the mines auction. Thu, 03 Sep 2015 16:40:28 +0530 Shell Keen to Lease Mangalore Strategic Oil Storage Royal Dutch Shell is in talks to lease India's new strategic oil caverns at Mangalore on the country's southwest coast. Thu, 03 Sep 2015 16:29:32 +0530 Sensex Gains 311 Points on Bargain Hunting; Ends 3-day Slide BSE Sensex recovered from over one-year lows by surging 311.22 points to 25,764.78 on value-buying in recently beaten-down stocks. Thu, 03 Sep 2015 16:17:01 +0530 Crores for Smart Cities, Nothing for Model Villages: Congress MP Congress parliamentarian Shantaram Naik accused the central government of discriminating against villages, vis-a-vis the cities. Thu, 03 Sep 2015 16:07:36 +0530 Corporate Bond Private Placement Hits 4-Month High at Rs 46,000 Crore Indian companies raised over Rs 46,000 crore through private placement of corporate bonds in August, making it the highest fund raising. Thu, 03 Sep 2015 15:13:44 +0530 Centre to Invest Rs 8.5 Lakh Crore in Railways Sharpening focus on infrastructure development to boost growth, government will invest Rs 8.5 lakh crore in Indian Railways. Thu, 03 Sep 2015 15:06:48 +0530 Keep in Abeyance MAT Assessment on FIIs/FPIs: CBDT CBDT officials have been asked to keep in abeyance the pending minimum alternate tax assessment proceedings dating prior to April 1, 2015. Thu, 03 Sep 2015 14:55:54 +0530 India,UAE to Set up Joint Business Council India's historic ties with the Gulf nation are poised to go to a new level with the setting up of a joint business council (JBC). Thu, 03 Sep 2015 14:46:34 +0530 ASSOCHAM Advises Central Trade Unions to Call Off Strike The apex body ASSOCHAM estimated a hefty loss of about 25,000 crore due to the ongoing strike by the central trade unions. Thu, 03 Sep 2015 14:38:01 +0530 One Mllion Entrepreneurs Needed for Significant Economic Growth: Entrepreneur Caféé/2015/09/03/article3008500.ece Discussions took place amongst entrepreneurs world over under the banner of Entrepreneur Café this month on strategies of reduced attrition. Thu, 03 Sep 2015 14:32:11 +0530é/2015/09/03/article3008500.ece Finance Minister Arun Jaitley Leaves for G20 Meet in Turkey Finance Minister Arun Jaitley left for Turkey to participate in a two-day conference of G20 finance ministers and central bank governors. Thu, 03 Sep 2015 14:25:56 +0530 Markets Rise on Value Buying, Positive Wall Street Cues Stock markets rose nearly 1 percent, looking to snap out of three straight sessions of losses as investors bought beaten down stocks. Thu, 03 Sep 2015 14:11:34 +0530 Suzuki says Add 'Quality' to Modi's Make in India As India pushes to become a global manufacturing hub, Suzuki Motor Corporation Chairman and CEO  Osamu Suzuki today stressed on the need for "Quality in India". Thu, 03 Sep 2015 12:28:16 +0530 Oil Dips in Asia After Mixed US Report Oil prices fell in Asia today followed a mixed US petroleum report that showed an increase in reserves but a dip in production. Thu, 03 Sep 2015 11:36:52 +0530 Rain Water Harvesting Boon for Industries During Water Cuts Industries in Aurangabad and Jalna have made provisions of rain water harvesting, in case the Maharashtra government decides to impose further cuts on water in the coming days. Thu, 03 Sep 2015 11:29:33 +0530 IRB Infra in Pact with NHAI for Rs 2,650 Crore Road Project IRB Infrastructure Developers today said it has executed concession agreement with NHAI for Rs 2,650-crore project of six laning of Agra-Etawah Bypass section in Uttar Pradesh. Thu, 03 Sep 2015 11:18:39 +0530 Sensex Recovers 215 Points in Early Trade on Positive Global Cues The benchmark BSE Sensex recovered over 215 points in early trade today on value-buying by participants amid positive global cues. Thu, 03 Sep 2015 10:03:21 +0530 Rupee Weakens 7 Paise Against Dollar in Early Trade The rupee depreciated 7 paise to 66.26 against the dollar in early trade today on foreign fund outflows amid appreciation in the US currency overseas. Thu, 03 Sep 2015 09:49:26 +0530 ECB President Expected to Back 'Whatever it Takes' to Save the Euro Six months on from the start of its bond-buying blitz, the European Central Bank is poised to reaffirm its commitment to do "whatever it takes" to save the euro. Thu, 03 Sep 2015 09:47:24 +0530 Tokyo Stocks Open Higher on Thursday Tokyo stocks opened sharply higher on Thursday as investor sentiment was boosted by firm gains in the US stocks overnight and the yen's weakness against the dollar. Thu, 03 Sep 2015 09:44:56 +0530 US Stocks Rebound Strongly The US stocks bounced back Wednesday following the deep decline of the previous session, as Wall Street assessed Federal Reserve's Beige Book amid mixed data. Thu, 03 Sep 2015 09:30:02 +0530 Rs 75K-Crore Thermal MoUs to Light Up GIM Thu, 03 Sep 2015 05:19:48 +0530 Strike Drains Out Rs 25K Crore From Economy: Assocham The country has incurred an estimated loss of Rs 25,000 crore and daily wage earners were worst affected, said industry body Assocham. Thu, 03 Sep 2015 05:19:32 +0530 Growth Forecast Goes for a Toss Thu, 03 Sep 2015 05:19:09 +0530 'Deflation is Real Challenge for Economy' Thu, 03 Sep 2015 05:19:04 +0530 New Revenue Sharing Model for 69 Marginal Oil Fields The new model will ensure that there is least government interference in the operations while also providing a fiscal and policy regime that encourages investments, the minister added. Thu, 03 Sep 2015 05:18:52 +0530 Deflation New Challenge For India: Arvind Subramanian "Indirect tax revenue collections have increased from Rs.40,802 crore in July 2014 to Rs.56,739 crore during July 2015," a finance ministry statement said. Thu, 03 Sep 2015 01:37:42 +0530 Decision to Scrap MAT Will Boost India's Investment Position Minimum alternate tax will not be imposed on overseas portfolio investors retrospectively will boost India's position as a favourable investment destination. Wed, 02 Sep 2015 22:26:03 +0530 30-40 Lakh Tonnes of Onion Get Wasted Due to Lack of Storage About 30-40 lakh tonnes of onions get wasted every year due to inadequate storage facilities in the country Wed, 02 Sep 2015 22:23:10 +0530 Mahindra & Mahindra Sees Weaker Vehicles Sales in Rural Areas India's economy is dependent on agriculture and relies heavily on the monsoon to irrigate the majority of its farmland. Low rainfall affects incomes and sentiment in rural areas. Wed, 02 Sep 2015 20:27:39 +0530 Sebi to Hear 29 Illegal Fund Mop-up Cases on September 3-4 Capital markets regulator Sebi will hear final proceedings in the case of illegal fund raising from investors by 29 companies. Wed, 02 Sep 2015 19:33:39 +0530 EBay Partners Best Deal tv for Exporting Products to US, UK Online marketplace eBay India today announced that it has partnered with 24/7 home shopping channel Best Deal TV. Wed, 02 Sep 2015 19:15:32 +0530 Strike Would Not Impact Coal Production: Goyal Coal and Power Minister Piyush Goyal said that the nation-wide strike would not impact coal production much. Wed, 02 Sep 2015 18:52:37 +0530 India's 2015/16 GDP Growth Still Seen at Around 8 Percent - Subramanian The Indian economy will grow around 8 percent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry. Wed, 02 Sep 2015 18:12:53 +0530 Nitin Gadkari, India's 'Bulldozer', Promises to Add 2 Percentage Points to Growth The man Prime Minister Narendra Modi has tasked with launching a China-style infrastructure boom calls himself a "bulldozer". Wed, 02 Sep 2015 17:32:17 +0530 Drug Sector Needs Boost to Reduce Dependency on China: IDMA IDMA said the government should take necessary steps to give a boost to the domestic sector in order to reduce imports of drugs from China. Wed, 02 Sep 2015 17:11:55 +0530 Sensex Slips 243 Points as China Concerns Outweigh MAT Relief BSE Sensex plunged heavily by 242.88 points to 25,453.56 on worries over economic slowdown in China and its impact on world growth. Wed, 02 Sep 2015 16:56:33 +0530 New Coal Research Centre to Boost Australia-India Energy Partnership Premier energy research institutions of India and Australia have signed a deal to start a new centre for bilateral collaboration in research and technology. Wed, 02 Sep 2015 16:50:26 +0530 Indian Banks Face Broader Capital Challenges, Says Fitch Fitch Ratings said that RBI declaring ICICI and SBI as Domestic Systemically Important Banks reflects broader capital challenges in India. Wed, 02 Sep 2015 15:02:15 +0530 IHS Completes Tower Sale And Lease Back Deal From Airtel IHS Holding Ltd has completed sale and lease back of telecom towers in Zambia from Airtel Zambia. Wed, 02 Sep 2015 14:51:50 +0530 Ratan Tata Invests in Startup Holachef Chairman emeritus of Tata Sons Ratan Tata has made a personal investment in the online marketplace for chefs Holachef. Wed, 02 Sep 2015 14:37:14 +0530 Government to Pay Agencies Rs 113.40 Crore for Losses on Pulses Import Government approved reimbursement of Rs 113.40 crore to state-owned MMTC, PEC, STC and cooperative NAFED for incurring losses. Wed, 02 Sep 2015 14:19:58 +0530 Strike Hits NMDC; Iron Ore Production Down 75,000 Tonnes The day-long nationwide strike crippled iron ore production of state-owned NMDC by nearly 75,000 tonnes across all its mines. Wed, 02 Sep 2015 13:59:34 +0530 Sensex Trades 28 Points up in Afternoon Session 30-scrip Sensex on Wednesday was trading 28.07 points or 0.11 percent up during the afternoon session. Wed, 02 Sep 2015 13:10:43 +0530 India SUV Maker Rides into US Market on a Scooter Wed, 02 Sep 2015 13:07:53 +0530 Sensex Jumps 242 Points; Nifty Crosses 7,800 Level The gain was registered in opening trade today, the barometer had lost 695.94 points in the previous two sessions.  Wed, 02 Sep 2015 12:00:49 +0530 How India's Tax System Helps Heavily Taxed Cigarettes Flourish Wed, 02 Sep 2015 11:24:14 +0530