Business News Updates

Modi pitches for making India a $20 trillion economy
Modi pitches for making India a $20 trillion economy

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 […]

From 'Reluctant Raghu' to 'Rate-cut-Raghu': Anand Mahindra
From 'Reluctant Raghu' to 'Rate-cut-Raghu': Anand Mahindra

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 […]

Samsung launches Tizen-powered smartphone in India
Samsung launches Tizen-powered smartphone in India

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.

Air India eyes giant MRO facility at Nagpur to garner revenue
Air India eyes giant MRO facility at Nagpur to garner revenue

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 […]

  • Monday, 21 June 2021
world bank
World Bank: Indian economy to grow by 7 percent in 2016

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 […]

  • Monday, 21 June 2021
Cipla challenges order restraining sale of drug
Cipla challenges order restraining sale of drug

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 […]

  • Monday, 21 June 2021
India keen to boost trade with Bangladesh, Myanmar: Sitharaman
India keen to boost trade with Bangladesh, Myanmar: Sitharaman

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.

Rajan wins UK magazine's central bank Governor of the Year award
Rajan wins UK magazine's central bank Governor of the Year award

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

Mercedes-Benz to increase vehicle prices
Mercedes-Benz to increase vehicle prices

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.

Air India offers discounted air fare during lean season
Air India offers discounted air fare during lean season

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

Vibrant Gujarat: Aditya Birla Group to invest Rs.20,000 crore
Vibrant Gujarat: Aditya Birla Group to invest Rs.20,000 crore

Gandhinagar: The Aditya Birla Group will invest Rs.20,000 crore in Gujarat to increase capacity of various existing facilities in a state he has a "personal bias" towards, Kumarmangalam Birla said here Sunday.

spectrum
Next round of 2G, 3G airwaves auctions from Feb 25

New Delhi: The next round of spectrum auction in 800, 900, 1800 and 2100 megahertz (MHz) will start from Feb 25, it was announced here Saturday.

Tata's Vistara airline starts commercial operations
Tata's Vistara airline starts commercial operations

Tata Son's full-service airline Vistara on Friday commenced commercial operations, making it the eighth scheduled passenger carrier to operate in India

Infosys net up 13 percent in Q3
Infosys net up 13 percent in Q3

Bengaluru: Infosys Ltd. Friday posted a consolidated net profit of Rs.3,250 crore (Rs.32.5 billion/$521 million) for Oct-Dec third quarter of fiscal 2014-15, registering 13 percent year-on-year (YoY) growth and 4.9 percent sequentially as per the Indian accounting standard.

Mercedes-Benz to launch 15 cars in India
Mercedes-Benz to launch 15 cars in India

Mumbai: German luxury car manufacturer Mercedes-Benz India Friday said that as part of its 2015 growth strategy, it will launch 15 new products and increase dealership operations in the country.

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