Business News Updates

Mid-air Holi celebrations aboard eight flights have cost no-frill carrier SpiceJet heavily, with the DGCA issuing show cause notice to the airline and suspending two of its pilots

The Hinduja brothers have emerged as the third richest family in Britain as part of an analysis of the divide between the rich and poor in the UK

You can walk into any bank to get your pre-2005 currency notes, including Rs 500 and Rs 1,000 denominations, exchanged till January 1, 2015, following a Reserve Bank directive asking banks to help the public get rid of old currency notes

Nokia on Friday suffered a jolt when the Supreme Court refused to lift the restraint on sale of its Indian assets, including the Chennai plant, as part of the handset maker's global deal with the Microsoft

Easing onion and potato prices pulled retail inflation in February to a 25-month low of 8.1 per cent and is likely to increase the clamour for the Reserve Bank to cut interest rates in its next monetary policy

CBI on Monday filed its first charge sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009

As general elections draw closer, Sebi has enhanced its surveillance to thwart any attempts by listed companies and others to channelise illicit funds through capital markets or investment schemes for polls

Stressing that economic stability should include steady prices, Finance Minister P Chidambaram on Friday said Parliament could set an inflation target for the Reserve Bank to achieve

The government has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over five crore subscribers of retirement fund body EPFO

Concerned over rising non- performing assets, Finance Minister P Chidambaram on Wednesday asked public sector banks to focus on recovery of bad loans, which happen to be high among large corporate accounts

Snapping its two-day falling trend, gold prices recovered by Rs 200 to Rs 31,300 per ten grams in the national capital on Monday on brisk buying by stockists and strong global cues

Jet fuel or ATF price has been hiked by a marginal 1 per cent while rates of non-subsidised cooking gas (LPG) have been cut by Rs 53.5 per kg reflecting global trends

Petrol price was on Friday hiked by 60 paise a litre, the second increase this year, and diesel by 50 paise per litre, the 14th hike since January 2013

Sahara Chief Subrata Roy was on Friday arrested in Lucknow after he surrendered to police, two days after a non-bailable warrant was issued against him by the Supreme Court

In a dramatic turn of events, Sahara chief Subrata Roy on Friday said he is not absconding from arrest and is ready to "unconditionally follow" whatever direction the Supreme Court gives him today