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Anil Agarwal. (File | EPS)
Indian billionaire Agarwal to invest up to two billion pounds in Anglo American

Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment via his family trust Volcan Holdings.

16 Mar 2017

Sensex jumps 206 points, Nifty at new peak after Fed move

The Federal Reserve, as expected, raised the benchmark interest rate by a quarter percentage point, but gave a more dovish outlook for future hikes.    

16 Mar 2017

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Rupee zooms another 47 paise in dream run

The rupee rose by another 47 paise to hit a new 16-month high at 65.22 against the dollar in early trade today.

16 Mar 2017

There’s nothing like perfect security

On the occasion of World Consumer Rights Day, Nasscom chief R Chandrashekhar said that the security of online personal data is vulnerable, implying that it can be breached.

16 Mar 2017

Chennai-based Stayzilla founders allege foul play as CEO is arrested

Yogendra explained two cases that had led to harassment for the founders.

16 Mar 2017

Infra assistance scheme for export units launched

The point of focus would be on addressing the needs of the exporters, Commerce and Industries Minister Nirmala Sitharaman said.

16 Mar 2017

File Image for Representational Purposes.
Exports growth soars to five-year high of 17.5 per cent

The previous high in export growth was recorded at 36.3 per cent in September 2011.

16 Mar 2017

Loan waivers hit credit discipline

Bhattacharya said although it is important to support farmers, it has to be done in a way  that does not disrupt credit discipline among them.

16 Mar 2017

RCom-Aircel deal gets Sebi nod

RCom has a customer base of 95 million including 2.6 million overseas retail customers.

16 Mar 2017

Bad loan formation declining, says Arun Jaitley

According to members of the committee, apart from recovery proceedings, criminal action must be taken against large wilful defaulters and their photographs be published.

16 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
Renault cheated on pollution tests for over 25 years: French investigators

Police suspect the automobile maker of putting in place strategies "with the objective of creating false results for anti-pollution tests", and so to be seen to be complying with European regulations.

16 Mar 2017

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Centre working on 'appropriate policies' for 100 percent FDI in airlines in India: Minister

Union Minister Jayant Sinha today said the government is working on "appropriate policies" related to 100 per cent FDI in airlines, amid local carriers opposing the move.

16 Mar 2017

Currency. (File Photo | Reuters)
NSEL money laundering case: ED attaches assets worth Rs 414.62 crore

With this latest freeze on properties under the Prevention of Money Laundering Act, the total attachment in the National Spot Exchange Limited (NSEL) case by the ED stands at Rs 2,554 crore.

16 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
Indian Oil to sell 24 percent stake in India JV to Lubrizol Corporation

The Cabinet approved sale of state-owned Indian Oil Corporation's (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum.

16 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
US Fed raises interest rate by 25 bps as job gains, firming inflation stoke confidence

The decision to lift the interest rate by 25 bps to a range of 0.75 percent to 1.00 percent marked one of the Fed's most convincing steps yet in the effort to return monetary policy to normal.

15 Mar 2017

The logo of State Bank of India is pictured at its headquarters in Mumbai. (File photo | Reuters)
SBI approves plan to raise up to USD 2.3 billion in capital

State Bank of India said on Wednesday its board had approved a plan to raise up to 150 billion rupees ($2.3 billion) from capital markets in the next fiscal year starting from April 1.

15 Mar 2017

TiE, Nasscom decry harassment against Stayzilla founders, term it 'terrorism' 

The outcry against the arrest and the, preceding and subsequent, harassment alleged by the founders -- Yogendra Vasupal, his wife Rupal and Sanchit Singhi -- has spread across the country. 

15 Mar 2017

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Centre hikes Dearness Allowance by 2 percent effective January 1, 2017

The Centre today increased dearness allowance and dearness relief to 4 per cent from the existing 2 per cent from January 1, 2017, benefitting 48.85 lakh employees and 55.51 lakh pensioners.

15 Mar 2017

Image used for representational purpose only. (File photo | Reuters)
India's exports jump 17% to USD 24.5 billion in February; trade deficit widens

Recording positive growth for six months in a row, India's exports soared 17.48 per cent to USD 24.5 billion in February led by petroleum, engineering and chemicals.

15 Mar 2017

Image used for representational purpose only. (File photo  | Reuters)
Impact of OPEC oil supply cuts will take time to be felt: IEA

At the end of November, the Organization of Petroleum Exporting Countries agreed to cut output by 1.2 million barrels per day (bpd) from January 1, initially for a period of six months.

15 Mar 2017

A Target store, in Wilmington, Massachusetts. (File Photo | AP)
US 12-month CPI inflation highest in 5 years, up 2.7 per cent

The Consumer Price Index rose only 0.1 percent over January, but jumped 2.7 percent over the past 12 months

15 Mar 2017