Business News Updates

Washington: Opening up of FDI in key sectors, use of technology to leapfrog in terms of industrial growth and ease of business are the hallmarks of Modi government’s ‘Make in India’ initiative, according to Indian officials. Enabling manufacturing through industrial corridors, infrastructure development and smart cities were its other key pillars, Amitabh Kant, Secretary, Department […]

New Delhi:Microblogging site Twitter has acquired Indian startup ZipDial, a mobile value added services company based out of Bangalore, a statement by Twitter said here Tuesday. The statement added this is Twitter’s first ever acquisition in India. However, the deal size has not been mentioned. ZipDial has built a mobile platform that lets people follow […]

Microblogging site Twitter has appointed Taranjeet Singh as head of sales for its India operations, a company statement said here on Monday

New Delhi: The Airports Authority Employees Union (AAEU), opposing the regulator's privatisation plan, has threatened to renew its stir, including a strike call, if the move is not halted.

New Delhi: Finance Minister Arun Jaitley Saturday assured trade unions that the government did not intend privatizing either the railways or Coal India. “Government has no intention to privatize either railways or Coal India. The focus of the government is to create more jobs and employment opportunities, besides safeguarding the existing jobs,” Jaitley told representatives […]

New Delhi:Prime Minister Narendra Modi Friday called for making India a $20 trillion economy, while stressing laws must evolve with time and his government had taken several initiatives towards “transforming India”. Addressing the Economic Times Global Business Summit here, Modi said that small acts can drive reforms and there was no contradiction between doing big-ticket […]

Chennai: Automobile group Mahindra & Mahindra (M&M) chairman Anand Mahindra Thursday termed RBI governor Raghuram Rajan as ‘Rate-cut-Raghu’, following the central bank’s decision to cut the repo rate by 25 basis points. Reacting to the rate cut Anand Mahindra tweeted: “Three cheers! The RBI governor has moved from being ‘Reluctant Raghu’ to ‘Rate-cut-Raghu’!” However, he […]

New Delhi: South Korean electronics major Samsung launched its much-awaited Z1 smartphone in India, that will run on the company's own operating system Tizen, for Rs.5,700.

New Delhi: Air India is eyeing a Rs.1,000 crore ($161 million) maintenance repair and overhaul (MRO) opportunity in the country, which it intends to garner from its soon to be completed facility at Nagpur. To be handed over to the flag carrier by Boeing, this will be Asia’s largest MRO facility and is expected to […]

United Nations: Helped along by falling oil prices and by lower interest rates in developed countries, India’s economy is expected to grow by seven percent next year and these two factors can be a game-changer if the nation were to seize the opportunity to implement fiscal and structural reforms, World Bank Chief Economist Kaushik Basu […]

New Delhi: Pharmaceutical firm Cipla Tuesday moved the Delhi High Court, challenged its single judge bench’s order temporarily restraining from manufacturing or selling any drug containing chemical indacaterol, used for treating chronic respiratory disease. The matter was mentioned before a division bench of Justices Badar Durrez Ahmed and Sanjeev Sachdeva who fixed the matter for […]

Srinagar: The Indian government has been building infrastructure to boost trade and other economic activities with Bangladesh and Myanmar, union Commerce and Industry Minister Nirmala Sitharaman said here Tuesday.

Mumbai: Reserve Bank of India Governor Raghuram Rajan has been named "Governor of the Year" by British magazine Central Banking.

Mumbai: Luxury automobile manufacturer Mercedes-Benz India Tuesday announced an upward price revision which, it said, was due to the withdrawal of excise duty concession on Dec 31, 2014.

New Delhi: Flag carrier Air India Monday launched a special discount offer to attract passengers during the lean season.