Business News Updates

Mumbai: State-run power equipment-maker Bharat Heavy Electricals Ltd. (BHEL) said on Monday that the provisional net profit of the company declined by 62 percent at Rs.1,314 crore during 2014-15 against Rs.3,461 crore during the previous year. In a regulatory filing with the Bombay Stock Exchange, the company said its provisional turnover for the period under […]

New Delhi: Ahead of the RBI’s bi-monthly monetary policy review on Tuesday, the FICCI said on Sunday that any cut in interest rates would not be “adequate to stimulate investment in manufacturing” given the lack of “significant change in demand conditions”. The Federation of Indian Chambers of Commerce and Industry (FICCI) in its latest quarterly […]

Pepsico boss Indra Nooyi today backed prime minister Narendra Modi's "Make in India" programme saying it was rightly aimed at building the base for manufacturing and employment in the country

India's foreign exchange reserves increased by $1.38 billion to $341.37 billion for the week ended March 27, the Reserve Bank of India (RBI) data showed on Friday

The Reserve Bank of India (RBI) yesterday announced its sanction to the scheme of amalgamation of ING Vysya Bank Ltd with the Kotak Mahindra Bank Ltd

New Delhi: Announcing plans for the new financial year that began on Wednesday, state-run Indian Oil Corp (IOC) said its refineries have targeted to process 55 million tonnes (MT) of crude during the fiscal. Addressing employees here, the company’s director of refineries, Sanjiv Singh, said the state-of-the-art Paradip refinery in Odisha will be added to […]

New Delhi: Mobile operators and telecom equipment makers on Tuesday contested the Department of Telecom’s (DoT) calculation on the impact of the recent spectrum (airwaves) auction on tariff. “We will be happy to understand the government’s calculation on the impact of the spectrum auction and the increased financial burden on the industry if tariffs are […]

New Delhi: All the previous allottees of coal mines are required to remove the dry fuel extracted till March 31 by April 8 to ensure their smooth handover to successful bidders at the recent coal auctions. “It has been decided that the disposal of coal stock extracted till March 31 shall be undertaken. It shall […]

Canberra: Australia has decided to sign a memorandum of understanding (MoU) on the Asian Infrastructure Investment Bank (AIIB), which will allow it to become a founding member of the bank, Prime Minister Tony Abbott said on Sunday. In a joint statement with Foreign Minister Julie Bishop and Treasurer Joe Hockey, Abbott said the MoU would […]

Bull run continued on the Indian equity market on Tuesday with the BSE Sensex crossing the 53,000-mark for the first time.

Beijing: Russia has decided to join the Asian Infrastructure Investment Bank (AIIB), the latest country to sign up as the application deadline draws close, Russian First Deputy Prime Minister Shuvalov said on Saturday. He made the announcement at the 2015 annual conference of the Boao Forum for Asia in the coastal town of China’s southern […]

New Delhi: Prime Minister Narendra Modi said on Saturday his visit to France, Germany and Canada is centred around supporting India’s economic agenda and creating jobs. “France, Germany and Canada visit is centred around supporting India’s economic agenda and creating jobs for our youth,” Modi said in a tweet. “Will discuss strengthening India-France economic co-operation […]

New Delhi: Reliance Communications, part of the Anil Ambani-led group, has acquired new and top-up 800/850 MHz spectrum in 11 circles. The acquisition of the new spectrum intends to achieve a contiguous five MHz spectrum holding nationwide in the recently concluded telecom airwaves auction, a company statement said here on Friday. The company stated that […]

New Delhi: Reliance Communications, part of the Anil Ambani-led group, has acquired new and top-up 800/850 MHz spectrum in 11 circles. The acquisition of the new spectrum intends to achieve a contiguous five MHz spectrum holding nationwide in the recently concluded telecom airwaves auction, a company statement said here on Friday. The company stated that […]

New Delhi: Idea Cellular emerged as the top bidder in the latest round of auctions for telecom spectrum with a total commitment of Rs.30,306 crore, the government announced on Thursday after the Supreme Court relaxed its earlier order restraining finalisation of bids — albeit with a caveat. Communications Minister Ravi Shankar Prasad, who revealed the […]