Top Business News- IBNLive.com

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
2011-08-02T12:00:59Z
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
2011-08-02T11:40:13Z
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
2011-08-02T11:22:21Z
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
2011-08-02T10:38:19Z
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
2011-08-02T11:20:04Z
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
2011-08-02T10:35:28Z
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
2011-08-02T10:24:27Z
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

RBI orders changes to bank protocols after $1.8 billion fraud case
Sat, 24 Feb 2018 00:51:56 +0530
By Devidutta Tripathy, Suvashree Choudhury and Sankalp Phartiyal


Indian regulator orders HDFC Bank to probe suspected results leak
Sat, 24 Feb 2018 01:59:53 +0530
MUMBAI (Reuters) - India's market regulator ordered HDFC Bank on Friday, to conduct an internal inquiry into the suspected leaking of key unpublished financial information and to strengthen its handling of such data.


Exclusive: U.S. tells India to cut tariffs as trade friction heats up
Fri, 23 Feb 2018 12:43:52 +0530
NEW DELHI (Reuters) - U.S. businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi's move to increase customs duties on dozens of products to help its flagship Make-in-India drive aggravated differences over trade.


Trump Jr drops planned foreign policy speech in India after criticism
Fri, 23 Feb 2018 22:31:40 +0530
NEW DELHI (Reuters) - U.S. President Donald Trump's son dropped a planned speech on foreign affairs in New Delhi on Friday after ethics experts said he should avoid wading into policy issues as a private citizen.


India seeks 'reasonable' oil price from Saudi Arabia - minister
Fri, 23 Feb 2018 17:37:53 +0530
NEW DELHI (Reuters) - India is seeking a reasonable price for crude oil from Saudi Arabia, Oil Minister Dharmendra Pradhan said on Friday, in a move that could help Riyadh regain top spot in supplying the world's third largest oil consumer.


Global Markets: Stocks climb, gold set for weekly loss, as rate hike worries ease
Sat, 24 Feb 2018 02:09:29 +0530
NEW YORK (Reuters) - World shares rose broadly on Friday, with technology stocks lifting Wall Street, while gold neared its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes and the U.S. dollar rose.


Indian exchanges cut ties to foreign bourses after government nod - sources
Fri, 23 Feb 2018 15:17:50 +0530
MUMBAI (Reuters) - India's government fully endorses a dramatic move by domestic exchanges to cut off data to global bourses, sources familiar with the matter said, seeing it as vital to lure foreign investments into the country from Singapore and other financial centres.


Moneycontrol Latest News

UPA govt facilitated Nirav Modi#39;s fraud: Fadnavis
Fri, 23 Feb 2018 23:23:32 +0530
UPA govt facilitated Nirav Modi#39;s fraud: Fadnavis The BJP leader added that Prime Minister Narendra Modi would not let any scamster live in peace and would bring the diamond merchant back to the country and make him face the law.

Nagaland Congress mocks PM promise of corruption-free govt; in company with #39;most corrupt leaders#39;
Fri, 23 Feb 2018 23:00:28 +0530
Nagaland Congress mocks PM promise of corruption-free govt; in company with #39;most corrupt leaders#39; Expressing that the verdict of 2018 State General Election will be either for secularism or communalism, Therie urged upon people to “educate the innocent voters for this election’s verdict will change the course of our society and the present way of life may become history”.

Rotomac owner, son sent to 1-day transit remand, to be taken to Lucknow
Fri, 23 Feb 2018 23:00:28 +0530
Rotomac owner, son sent to 1-day transit remand, to be taken to Lucknow They were produced before Additional Chief Metropolitan Magistrate Samar Vishal by the CBI which sought 2-day transit remand to take them to Lucknow, alleging that the crime had global ramifications and it had to explore the modus operandi and recover the siphoned-off crime money which was generated after committing frauds with the bank.

Idea Cellular raises Rs 3,500 crore via QIP
Fri, 23 Feb 2018 22:47:31 +0530
Idea Cellular raises Rs 3,500 crore via QIP The company has issued and allotted about 42.42 crore equity shares to qualified institutional buyers at an issue price of Rs 82.50 per equity share (including a premium of Rs 72.50 a share), amounting to about Rs 3,500 crore.

Investors#39; summit a gimmick, waste of funds: Oppostion
Fri, 23 Feb 2018 22:45:28 +0530
Investors#39; summit a gimmick, waste of funds: Oppostion "The investors#39; summits have become a fashion for BJP governments to spend people#39;s hard-earned money like water... It could have been put to better use for providing the much-required help to the poor, downtrodden and youth, among others," BSP president Mayawati said about the two-day UP Investors#39; Summit 2018, which ended yesterday.

Global watchdog to put Pakistan back on terrorist financing watchlist: Sources
Fri, 23 Feb 2018 22:25:05 +0530
Global watchdog to put Pakistan back on terrorist financing watchlist: Sources The move is part of a broader U.S. strategy to pressure Pakistan to cut alleged links to Islamist militants unleashing chaos in neighbouring Afghanistan and backing attacks in India.

Foreign accountancy firms: Centre may consider setting up expert committee, says SC
Fri, 23 Feb 2018 22:22:27 +0530
Foreign accountancy firms: Centre may consider setting up expert committee, says SC A bench comprising Justices A K Goel and U U Lalit said the Centre could consider steps for effective enforcement of the provisions of the Foreign Direct Investment (FDI) policy and the Foreign Exchange Management Act (FEMA) regulations.

Congress chief Rahul Gandhi meets Canadian Prime Minister Justin Trudeau
Fri, 23 Feb 2018 22:20:29 +0530
Congress chief Rahul Gandhi meets Canadian Prime Minister Justin Trudeau "I had a warm and cordial meeting with the Canadian Prime Minister in Delhi this evening. We had a fruitful discussion on a range of issues concerning our two countries. I look forward to continuing the dialogue and building a lasting friendship with him,"Gandhi tweeted after the meeting.

TTSL raises stake in Tata Tele Maharashtra by 11.7%
Fri, 23 Feb 2018 22:18:27 +0530
TTSL raises stake in Tata Tele Maharashtra by 11.7% In a separate filing, the company informed that NTT DoCoMo has tendered its entire shareholding in TTSL (the promoter of Tata Tele Maharashtra) to Tata Sons and its nominees on October 31, 2017.

Biocon to set up RD unit in Telangana
Fri, 23 Feb 2018 22:17:34 +0530
Biocon to set up RD unit in Telangana The company will also be expanding its current presence in Hyderabad on APIs (Active Pharmaceutical Ingredients/ Intermediates) to add 500 new jobs.