Business

Russia calls for free trade zone between EU and EEU

Moscow, Nov 23 Russia has said that it is in favour of a free trade zone between the European Union (EU) and the Eurasian Economic Union (EEU).

RBI rate cut keeps Sensex hopes alive

With the hope against hope of seeing the centrral bank cut key interest rates and following an encouraging set of...

Majority in India’s northeast want BCIM economic corridor: Survey

Guwahati, A vast majority of informed people in northeast India feel the Bangladesh China India Myanmar (BCIM)...

Unsustainable tax demands will put off investors: Arun Jaitley

New Delhi, Finance Minister Arun Jaitley Friday said unsustainable tax demands would not lead to more collections...

Sensex, Nifty hit record high

A benchmark index of Indian equities markets Friday closed trading 267.07 points or 0.95 percent up after hitting a record high of 28,360.66 points.

TAPI countries agree to start pipeline project by 2015

Taking another step towards realising the ambitious TAPI (Turkmenistan-Afghanistan-Pakistan-India) natural gas pipeline project, petroleum ministers of the four countries met in...

Britain fastest growing G7 economy: OECD

Britain has the fastest growing economy among the G7 group of developed nations, the Organisation for Economic Cooperation and Development (OECD) reported Thursday.

OPEC daily basket price closes tad lower

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $74.03 a barrel Thursday compared to $74.05 Wednesday, the OPEC Secretariat said.

Futures Consumer acquires Nilgiri retail store chain

Fast moving consumer goods (FMCG) major Future Consumer Enterprises Friday acquired the south India based convenience store chain Nilgiri.

Kerala launches first non-IT focused incubation, mentoring hub

An IT initiative was launched in Kerala Friday which will incubate, mentoring of non-IT entrepreneurs, right from an idea to a sustainable business venture.

Tribute to women entrepreneurs marks global summit

The 5th annual Global Entrepreneurship Summit (GES 2014) opened in Marrakesh with a special tribute to women entrepreneurs bycelebrating the "Women’s Entrepreneurship Day"

Sensex surges 139 points; banking stocks gain

A benchmark index of Indian equities markets Friday was trading 139.33 points or 0.50 percent up as banking stocks surged.

Kotak Mahindra Bank, ING Vysya Bank announce merger

Leading mid-size banks Kotak Mahindra Bank (KMB) and ING Vysya Bank Ltd Thursday announced a merger to emerge as the fourth largest private bank in the country after ICICI Bank...

Congress questions SBI loan to Adani

The Congress Thursday questioned the State Bank of India’s "propriety" in giving a loan of $1 billion to the Adani group for the development of the Carmichael coal mine in Australia.

India’s online shoppers to touch 100 mn by 2016

India will have 100 million online shoppers and the country’s e-tailing sector will become a $15 billion market by 2016.

Sensex trades flat; auto stocks dip

A benchmark index of Indian equities market Thursday was trading flat at 29.86 points or 0.11 percent down as auto stocks slumped.

New Zealand unveils new currency notes

The Reserve Bank of New Zealand Thursday unveiled more vibrant and secure currency note designs after a gap of 15 years.

Hyundai to build train factory in Brazil

A subsidiary of South Korea’s Hyundai announced Wednesday it will invest 100 million reais ($38 million) to build a train factory in the southern Brazilian state of Sao Paulo.

Bob Marley’s name lent to global marijuana brand

Private equity firm Privateer Holdings has announced the creation of the "world’s first global cannabis brand" in partnership with the family of late reggae icon Bob Marley.

Chinese yuan strengthens

The value of the Chinese currency renminbi, or the yuan, strengthened by 33 basis points to 6.1397 against the...

Infosys names new CEO, CFO for BPO arm

Global software major Infosys Ltd. has appointed Anup Uppadhayay the new chief executive officer (CEO) and Deepak Bhalla the...

First Nokia-branded Android tablet announced

Finnish mobile communications company Nokia announced its first Nokia-branded Android tablet Tuesday.

Japan PM to dissolve lower house, delays sales tax hike

Japanese Prime Minister Shinzo Abe Tuesday said he will dissolve the lower house of the Diet Nov 21 and postpone the second round of sales tax hike by 18 months in the wake of the country’s severe economic situation.

CBI raids 18 places over Odisha chit fund scam

The CBI Tuesday conducted raids at 18 places in Odisha, New Delhi and Mumbai, including the houses of Rajya Sabha MP Pyarimohan...

Sensex touches new high, capital goods gain

A benchmark index of Indian equities markets touched a new intra-day high of 28,282.85 points, surpassing its previous record of 28,205.71 points hit Monday.

’More information on health, safety of mobile phones should be available’

The health and safety aspects of mobile telecommunications have been a major cause for concern and Communications and IT Minister Ravi Shankar Prasad Monday said more information about these should be available in public domain.

India must decide on joining APEC: Chinese daily

It is high time India took a decision on joining the Asia-Pacific Economic Cooperation (APEC) after having declined to attend the bloc’s annual summit in Beijing earlier this month despite being invited by host China, a leading Chinese daily has said.

Intel unveils new chip for mobility healthcare delivery

World’s largest chip maker Intel Corporation has unveiled a new sensing platform for enabling mobile-based healthcare delivery to masses

Ashok Leyland bags $79 mn worth export orders

Commercial vehicle major Ashok Leyland Ltd. Monday said it has bagged export orders totalling worth $79.2 million

Reliance Life to set up libraries in government schools

Private life insurer Reliance Life Insurance has partnered with non-profit Room to Read to set up over 100 libraries in government primary schools across the country, the company said Monday.

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