Top Business News-

India seeks to speed up foreign deals with 'one-stop shop'
Mon, 18 May 2015 21:40:31 +0530
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

Why auctions for power projects don?t work in India
Mon, 18 May 2015 15:48:53 +0530
In the last 10 years, India has discovered auctions for itself. All kinds of public resources (such as 3G spectrum) or contracts (such as power purchase agreements, PPAs) are auctioned off.

Rupee ends 21 paise lower vs US dollar; snaps 3-day winning run
Mon, 18 May 2015 18:21:42 +0530
The rupee snapped its three-day winning spree against the American currency by falling 21 paise to 63.72 on fresh dollar demand from banks and importers in view of a firm dollar in the overseas market.

Late surge drives Nifty above 8,350, Sensex ends up 363 points
Mon, 18 May 2015 16:21:19 +0530
After consolidating for second straight day, late surge drove market on higher levels. The Sensex was up 363.30 points or 1.3 per cent at 27687.30 while the Nifty ended up 111.30 points or 1 per cent at 8373.65.

CNG price to be increased by 45 paise per kg in Delhi, piped cooking gas in NCR
Sun, 17 May 2015 22:11:51 +0530
The applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.05 per scm, which is being increased from existing Rs 26.55 per scm.

Jaitley outlines economic road map of Modi government; reasonable taxation top priority
Sun, 17 May 2015 20:08:32 +0530
Making taxation more reasonable and improving ease of doing business will be among his top priorities going ahead, Finance Minister Arun Jaitley said on Sunday, as he outlined the economic road map of the Modi government for its second year.

Modi government scores 7 on 10 for first year's performance: Assocham
Sun, 17 May 2015 14:34:33 +0530
Giving the Modi government 7 out of 10 for its first year's performance, Assocham on Sunday said it still needs to cover some ground on tax issues and a lot more needs to be done on improving ease of doing business.

Business News Headlines - Yahoo! News India

Metro ridership touches 18 lakh, sets new record
New Delhi, Aug 2 (IANS) Within six days of registering its highest ever ridership, the Delhi Metro again surpassed the earlier record as over 18 lakh commuted in its trains Monday, an official said Tuesday.

Financial assistance for setting up food processing units: Mahant
New Delhi, Aug 2 (IANS) The government Tuesday said it would provide financial assistance to entrepreneurs for setting up food processing industries to avoid wastage of perishable products.

Polaris Software eyes $100 mn revenue by 2016
Chennai, Aug 2 (IANS) Financial technology company Polaris Software Lab Ltd. hopes to earn $100 million in five years by offering its core banking solution (CBS) and other software on a cloud computing basis, said a company official Tuesday.

Tata Motors considering Nano assembly plant abroad
New Delhi, Aug 2 (IANS) Indian automobile giant Tuesday said that it was considering to set up an assembly plant in a foreign country for its entry-level passenger car Nano.

Sensex closes 204 points down amid negative global cues
Mumbai, Aug 2 (IANS) Indian equities markets closed 204 points lower Tuesday as traders sold off stocks amid negative global cues and worries of a global economic slowdown.

Tata Motor's launches Aria 4x2
New Delhi, Aug 2 (IANS) Automobile major Tata Motors Tuesday launched its crossover car Aria's new variant - Aria 4x2 - priced at Rs.11.61 lakh onwards (ex-showroom, New Delhi).

New system of LPG subsidy disbursal soon: Mukherjee
New Delhi, Aug 2 (IANS) The government will soon introduce a new system for distribution of liquefied petroleum gas (LPG), under which it will provide direct cash subsidy to the poor, said Finance Minister Pranab Mukherjee.

Reuters: Money News

OPEC agrees modest hike in oil supply after Saudi and Iran compromise
Sat, 23 Jun 2018 00:23:55 +0530
VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.

Air India unveils revamp plan after privatisation setback
Sat, 23 Jun 2018 03:42:57 +0530
NEW DELHI (Reuters) - State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top company official said on Friday, days after a plan to privatise the ailing airline was called off.

India looks to revive rupee payment system for Iran oil imports: government sources
Fri, 22 Jun 2018 19:40:42 +0530
NEW DELHI (Reuters) - India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from U.S. sanctions, two government sources said.

Euro zone banks to repay only a fraction of ultra-cheap ECB cash
Fri, 22 Jun 2018 17:10:53 +0530
FRANKFURT (Reuters) - Euro zone banks will repay 11 billion euros of ultra cheap funding to the European Central Bank, returning only a fraction of their borrowings two years ahead of schedule, the ECB said on Friday.

Weak monsoon delays cotton, soybean sowing in India
Fri, 22 Jun 2018 18:24:04 +0530
MUMBAI (Reuters) - Sowing of summer-sown crops such as soybean, cotton, corn and pulses has been delayed in India due to the slow progress of monsoon rains in central and western parts of the country, raising concerns over output, industry officials told Reuters.

India's RITES, Fine Organic IPOs see strong interest
Fri, 22 Jun 2018 18:26:52 +0530
(Reuters) - Initial share sales in two Indian companies aiming to raise a combined 10.66 billion rupees ($157.20 million) saw strong interest from investors on the last day of sale on Friday.

Trump greets EU trade reprisals with threat of steep auto tariff
Sat, 23 Jun 2018 03:40:55 +0530
WASHINGTON (Reuters) - President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars.

Moneycontrol Latest News

Global markets end lower with Dow down 2%, Asian indices lose shine; FTSE closes higher
Sat, 23 Jun 2018 10:36:56 +0530
Global markets end lower with Dow down 2%, Asian indices lose shine; FTSE closes higher From the week, Nikkei was down 1.47 percent while Kospi ended lower by 1.95 percent. Hang Seng for the week fell 3.2 percent while the Dow lost 2 percent, its weakest weekly performance since late March. The SP 500 fell 0.9 percent and the Nasdaq declined 0.7 percent.

Dollar woes! Rupee may hit all-time low if it breaks 68.10/$
Sat, 23 Jun 2018 10:26:47 +0530
Abhishek Goenka Technically, 66.70 is an important support. Break of 68.10 would be essential for momentum to build upon the upside and this time around that could possibly lead to a new all-time low for the rupee against the US dollar, says Abhishek Goenka of IFA Global.

World#39;s smallest computer device created
Sat, 23 Jun 2018 10:23:07 +0530
World#39;s smallest computer device created Unplug a desktop computer, and its program and data are still there when it boots itself up once the power is back. However, these new microdevices lose all prior programming and data as soon as they lose power.

Top 6 factors to consider when you pick stocks for intraday trading
Sat, 23 Jun 2018 10:20:46 +0530
Top 6 factors to consider when you pick stocks for intraday trading The most important step for an intraday trader is selecting the stocks to trade intraday. You need stocks that can give movement and at the same time are predictable, says Amar Singh of Angel Broking.

Riding the momentum! Sensex ends flat but these 15 stocks rose 10-60% in a week
Sat, 23 Jun 2018 10:17:21 +0530
Riding the momentum! Sensex ends flat but these 15 stocks rose 10-60% in a week It has been a roller coaster ride for Indian markets thanks to trade wars woes, uncertainty OPEC meet and selling by foreign institutional investors which have pulled out over Rs 5,000 crore from Indian markets in the month of June.

EC announces Maharashtra Council poll for eleven seats
Sat, 23 Jun 2018 09:42:07 +0530
EC announces Maharashtra Council poll for eleven seats The term of 11 members of the Upper House, elected by MLAs, expires on July 27.

Karni Sena wants #39;palace#39; for Ram at Ayodhya
Sat, 23 Jun 2018 09:40:10 +0530
Karni Sena wants #39;palace#39; for Ram at Ayodhya Lord Ram would not have been born in a temple. He would have been born in a palace," Lokendra Singh Kalvi, chief of Karni Sena.

Aadhaar needed during counselling for medical seats: Madras HC
Sat, 23 Jun 2018 09:38:07 +0530
Aadhaar needed during counselling for medical seats: Madras HC By this method, students from other states could be prevented from getting the benefit under the state quota, the judge said.

Over 15,000 admissions after DU#39;s first cut-off list
Sat, 23 Jun 2018 09:08:07 +0530
Over 15,000 admissions after DU#39;s first cut-off list Out of over 56,000 seats, 15,245 seats were filled which was a record-breaking number.

Energy, financials push Wall Street higher; tech weighs
Sat, 23 Jun 2018 08:35:43 +0530
Energy, financials push Wall Street higher; tech weighs The Dow Jones Industrial Average rose 119.19 points, or 0.49 percent, to 24,580.89, the SP 500 gained 5.12 points, or 0.19 percent, to 2,754.88 and the Nasdaq Composite dropped 20.14 points, or 0.26 percent, to 7,692.82.