Business News Updates

Hundreds of top-notch CEOs will discuss state of global economy among themselves and around 40 heads of government at the annual talk-fest of rich and powerful people from across the world here for five days, beginning tomorrow

Amid talk in his party for scrapping income tax and some other taxes, senior Bharitya Janata Party (BJP) leader Arun Jaitely Sunday suggested that such a proposal will not be easy to implement considering federal structure of nation

The Karnataka High Court on Saturday refused to quash criminal cases filed against liquor baron Vijay Mallya by Income Tax Department for non-remittance of tax deducted at source by Kingfisher Airlines Limited (KFA)

Bharti Airtel, Vodafone and a surprise entrant Reliance Industries are among the 8 telecom operators that have applied for bidding in the next month's spectrum auction in India through which the government is expecting at least Rs 11,300 crore

The World Bank has projected India's economy will grow over 6 per cent in 2014-15 and 7.1 per cent by 2016-17 as global demand recovers and domestic investment increases.

Terming the Delhi government's decision to disallow FDI in multi-brand retailing as "abrupt, irresponsible and ill-considered," India's Commerce and Industry Minister Anand Sharma on Tuesday said India is not a banana republic where policy decisions can be reversed

Under pressure from his party, India's Oil Minister M Veerappa Moily Sunday said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates

Environment Ministry on Friday rejected Vedanta's controversial bauxite mining proposal in Niyamgiri, official sources said

New Delhi: With the Congress putting pressure on him to increase the quota of subsidised LPG, Oil Minister M Veerappa Moily on Friday said the government will "seriously consider" raising the limit to 12 cylinders a household.

People seeking loan against gold jewellery can now borrow more, as the Reserve Bank on Wednesday allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at present

The Delhi High Court on Monday upheld the constitutional validity of laws empowering the Comptroller and Auditor General of India (CAG) to conduct revenue audits of private telecom firms

Prime Minister Manmohan Singh today called upon major Asian buyers of LNG to come together to demand a fair pricing mechanism for gas being imported from outside of continent as the region has been a driver of the global LNG demand in recent times

Petrol price was on Friday hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production

Admitting government's failure to contain inflation, Prime Minister Manmohan Singh on Friday said high prices have helped farmers and asserted the country was heading for better times

With reference to the MoU signed with Union Ministry of Mines, Navratna PSU National Aluminium Company Ltd (NALCO) has been awarded Excellent MoU score of 1.5 by the Department of Public Enterprises for its outstanding performance in 2012-13, according to the company