Business
Rupee up 10 paise, opens at 62.42 vs US dollar
Rupee opened higher by 10 paise at 62.42 per dollar on Wednesday as against previous day's closing value of 62.52 a dollar.
Raghuram Rajan defends rate hike, says cut wouldn't have helped banks
RBI Governor Raghuram Rajan, who on Tuesday surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
Rupee falls below 63 to over two-month low
The rupee fell for a third consecutive session on Monday to its lowest against the dollar since mid-November.
Vodafone tax row: Bombay HC puts off hearing to January 30
The Bombay High Court has fixed January 30 for further hearing on a petition filed by Income Tax department challenging a recent order of the Appellate Tribunal which stayed the tax demand of Rs 3,700 crore on Vodafone India Services in an alleged transfe...
Microsoft considers Ericsson CEO for top job: Reports
Microsoft Corp is considering Ericsson Chief Executive Hans Vestberg as a possible successor to outgoing CEO Steve Ballmer, Bloomberg reported, citing sources briefed on the software giant's executive search.
Govt working on strengthening regulatory panel FSDC, says Chidambaram
The government is working to strengthen the high-level regulatory coordination panel FSDC so that it can act as a "war room" in times of global financial meltdown as witnessed in 2008, Finance Minister P Chidambaram said on Monday.
BSE Sensex posts biggest single-day gain this year
Software services exporters, including Infosys Ltd and Tata Consultancy Services led the gains.
Infosys struggles to retain talent as top level executives quit
Already facing an exodus of top management, Infosys is also struggling to retain talent at mid and junior levels, with 1,823 people leaving the firm in the October-December quarter.
Infosys rejigs portfolios after top executives quit
The company will dissolve its top decision-making body, the Executive Council, with effect from April 1, 2014.
NPAs not alarming, but time for corrective steps, says Raghuram Rajan
Asserting that the level of bad loans is not alarming, Governor Raghuram Rajan on Wednesday said the Reserve Bank has come out with a discussion paper on stressed asset management to prevent any further threat to the system and revive units that have the...
Sahara gives SEBI title deeds of properties
The SC has restrained Sahara group from selling any properties and ordered Subrata Roy and three other top executives not to leave India.
Sensex falls 84 points to end at 21,171.41
Rupee opened lower by 17 paise at 61.22 per dollar as against previous day's closing value of 61.05.
Sensex, Nifty hit record highs after BJP sweeps Assembly polls
The BSE Sensex ended at closing high of 21,326.42 while the NSE CNX Nifty closed at 6,363.90 points.
Rupee trims initial losses vs dollar, still down by 3 paise
It hovered in a range of 62.37-62.55 per dollar during the morning session.
H&M gets govt nod to invest $115 million in India
The world's second biggest fashion retailer had said in April this year it plans to open 50 stores in India.
Current a/c gap narrows; economy seen improving
The HSBC Manufacturing PMI index for November showed Indian manufacturing at its strongest since March.
