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India benchmark bond yield at seven-month high; rate hike fears rise

Also, comments by Chetan Ghate, an external member of the panel, were seen by traders as pointing to the prospects a rate hike sooner rather than later.

21 Apr 2017

Image used for representational purpose.
Supreme Court to Centre: How can you make Aadhaar mandatory for PAN when we have passed an order to make it optional

Finance Minister Arun Jaitely last month moved a number of amendments to the Finance Bill in LS, which included making Aadhar mandatory for bank accounts, PAN cards and filing of I-T returns.

21 Apr 2017

L&T signs pact with Hanwha Techwin for army weapon

Larsen was the sole qualified bidder based on the trials and performance of the K9 VAJRA-T gun, customised by L&T with HTW as the technology partner.

21 Apr 2017

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma. REUTERS
Murky oil inventory picture leaves market grappling for clarity

Oil shipments show an ongoing excess, while price activity in oil futures suggests sagging optimism the imbalance is being corrected.

21 Apr 2017

ank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, 2017. REUTERS
BOJ governor Kuroda warns against policies unwinding free trade

Japan's economy has shown signs of life as exports and output rebounded thanks to a pick-up in global demand.

21 Apr 2017

(File Photo | Reuters)
Sensex climbs 162 points on renewed hope of US tax cuts

Firming trend at other Asian markets, tracking overnight gains at the Wall Street on revived hopes of US tax cuts mainly accelerated buying activity on the domestic bourses.

21 Apr 2017

Rolls-Royce sets up service centre for military aircraft

Automotive giant Rolls-Royce on Thursday opened a facility in Bengaluru that will provide support to the over 750 Rolls-Royce engines that power Indian military aircraft, providing repair and service.

21 Apr 2017

Visa restrictions will lead to job losses in the US: Nasscom

Nasscom president R Chandrashekhar on Thursday expressed confidence that although protectionism has been a rising trend across economies.

21 Apr 2017

Wipro gives pink slips to hundreds of employees

At a time when the IT sector is facing several headwinds, the country’s third largest software services firm Wipro is trimming its workforce.

21 Apr 2017

Sovereign gold bond scheme to open on April 24

The government said the first tranche of the sovereign gold bonds (SGB) will open for public subscription on April 24.

21 Apr 2017

Sunil Munjal invests Rs 100 crore in Aavishkaar

Sunil Kant Munjal, chairman of Hero Enterprise, announced an investment of Rs 100 crore into Aavishkaar’s new fund, the Aavishkaar Bharat Fund.

21 Apr 2017

Banks have room to lower lending rates: Urjit Patel

It takes at least three members to secure a rate rise or reduction, but piecing together this caucus of doves or hawks looks remote for now considering their united stance.

21 Apr 2017

India to prepare strategy to deal with visa curbs

Commerce & Industry ministry bats for seamless movement of professionals from India to other countries.

21 Apr 2017

July-end deadline to block online child porn

The government has directed Internet service providers (ISP) to block distribution and transmission of child sexual abuse content by July 31.

20 Apr 2017

A Jet Airways Boeing 777-300ER aircraft sits on the tarmac at Mumbai airport in this May 13, 2007 file photo. | Reuters File Photo
Jet Airways connects Paris, Amsterdam with Chennai, Bengaluru

Jet Airways announced the addition of two international flights - Chennai-Paris and Bengaluru-Amsterdam - in its network from October this year.

20 Apr 2017

Image for representational purpose only.
PVR sacks chief business development officer on disciplinary grounds

Multiplex operator PVR has sacked its Chief Business Development Officer Vijay Kapoor on disciplinary grounds.

20 Apr 2017

SBI chief Arundhati Bhattacharya | Reuters File Photo
SBI is most-valued PSU firm again, beats ONGC

State Bank of India yet again surpassed energy behemoth ONGC to become the country's most-valued PSU by market valuation.

20 Apr 2017

World Bank Group President Jim Yong Kim (File Photo | Reuters)
Need to find innovative ways to reach poor: World Bank chief Jim Yong Kim

Jim Yong Kim called for finding innovative ways to reach the poor as the global economy is facing challenges from fragility, accelerations in technology and rising aspirations.

20 Apr 2017

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai, India (File | Reuters)
House panel seeks details from RBI, bankers on note ban outcome

A parliamentary panel has sought details from the Reserve Bank about the post-demonetisation scenario, including the quantum of banned notes deposited so far.

20 Apr 2017

Main gate of the Vedanta alumina refinery at Lanjigarh. (File photo/AP)
Supply disruption hits Vedanta's aluminium plant in Odisha

The company said 228 out of a total of 608 pots that process molten aluminium were damaged by the outage.

20 Apr 2017

Taj Mansingh (File Photo | PTI)
To participate in e-auction for Taj Mansingh: Indian Hotels

The property, owned by NDMC, was given to the IHCL on a lease of 33 years.

20 Apr 2017

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