Business News Updates

Indian market regulator SEBI today proposed to ban wilful defaulters as defined by Reserve Bank of India (RBI) from accessing the public for funds and from taking over other listed companies

Kolkata: The constructions division of the diversified Indian multinational Larsen and Toubro (L&T) Monday said it bagged global orders worth Rs.4,006 crores ($6.5 billion) across various business verticals in December 2014.

Kathmandu: Indian investments in Nepal are set to get another boost with two Indian firms -- an Infrastructure Leasing and Financial Services (IL&FS)-led consortium and Oriental Structural Engineers -- getting in the fray to construct a major road project seen as one of the Himalayan country's national pride.

Pune, Jan 3: Prime Minister Narendra Modi Saturday called upon India’s banking sector to establish banks which are world class and rank among the top in the world. Emphasising that the banking sector of a country mirrors its economic growth and progress, Modi said Japan and China have banks which were ranked among the top […]

Pune: India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.

Chennai: City-based commercial vehicle manufacturer Ashok Leyland logged a 48 percent growth in sales volume last month as compared with December 2013, the company said Saturday. In a statement issued here, Ashok Leyland said it sold 9,290 units last month up from 6,275 units sold in Dec 2013. Last month, the company sold 7,210 units […]

Kolkata: Farming vehicle maker Mahindra & Mahindra (M&M) Thursday reported a decline of 27 percent in its total tractor sales for the month of December, citing negative market sentiments that hurting its sales. “The tractor industry has been going through a difficult phase and continues to witness de-growth due to negative market sentiments caused by […]

Cautioning the public against multi-level marketing (MLM) activities, the Reserve Bank of India (RBI) on Thursday said income under such schemes mainly comes from enrolling new members at high subscription

The government will encourage public and private investment in infrastructure and manufacturing sectors, Finance Minister Arun Jaitley said on Wednesday making his New Year resolution on a social networking website

The Goa government on Wednesday hiked the value added tax (VAT) on petrol to ten percent, which would push petrol prices by Rs.5 and more. The hike will come into effect Jan 1

New York: Some international fraudsters are exploiting the tech-savvy reputation of Indians to trick computer users into giving them access to their machines by pretending to be from Microsoft. Now the technology giant is fighting back suing several companies, including an Indian one, alleging they falsely claimed to be Microsoft-affiliated technical support. “In its first […]

Aiming to strengthen its foothold in the regional market, Viacom18 on Wednesday announced its entry in the market with the rebranding of five ETV regional general entertainment channels, owned by Prism TV Private Limited, under its Colors umbrella

New Delhi: The finance ministry is expected to closely watch the e-auction of radio frequency spectrum, our airwaves, for telecom operators that commences Wednesday, seen as crucial for the government to be able to meet its fiscal deficit target of 4.1 percent of GDP. A mock auction was conducted Tuesday. “It went off smoothly. We […]

Hyderabad: Singapore firm Sembcorp Industries’s first power project in India has commenced commercial operation. The firm on Monday announced completion of the first 660-megawatt unit of the Thermal Powertech Corporation India (TPCIL) plant in Nellore district of Andhra Pradesh. The 1,320 MW coal-fired power plant in the coastal town of Krishnapatnam comprises two units of […]

New Delhi: As per the government’s monetary policy framework agreement with the Reserve Bank of India published on Monday, the RBI will aim to bring retail inflation below 6 percent by January 2016, and to around four percent by fiscal 2016-17. “The Reserve Bank will aim to bring inflation below 6 percent by January 2016. […]