Business

After showing signs of recovery for more than a week, the Indian Rupee yet again reached a new low at 61.20 against the US Dollar before bouncing back to 60.96 at around 2 PM today. The Rupee dropped 73 paisa when the market opened this…

General Motors dismissed several executives and managers for violating company policies after the government started investigation into the recall of its Chevrolet Tavera SUVs in India. The company's recall of vehicles raised questions…

For long, Voltas has boasted of its Air Conditioners and related services. The company has a massive outreach across the country. 'Power makes one complacent'. The same happens to Voltas these days. A Bhubaneswar-based Private Ltd. company…

KISS (Kalinga Institute of Social Science) is all set to start its first session of academic year in Delhi as the campus of this school is ready to function. Literally, this can be described as a new feather in the cap of its founder Dr…

A day after POSCO dropped a 6 mt/year Steel Plant project in Karnataka, another Steel giant ArcelorMittal has decided to scrap its ambitious Rs 40,000 crore Steel Plant in Odisha, citing inordinate delay in implementation. The project would…

With just a few months left to the 2014 general elections, the UPA Government has come up with major reforms by allowing 100% FDI in the ailing Telecom sector and raising the FDI limit in Defence to 49% from 26%. The FDI limit in Telecom…

The Reserve Bank of India (RBI) has hiked the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points to 10.25 percent, to curb Rupee's fall against the USD. As a result, the Rupee bounced back by 1% to trade at 59.13…

The Reserve Bank of India (RBI) has cracked the whip on erring banks, by imposing penalties on them for violating the KYC (Know Your Customers) rules and anti-money laundering norms. The Central Bank imposed Rs 49.5 crore fine on 22 banks,…

Taking the excuse of fall of Rupee against the US Dollar, the oil companies have yet again increased the petrol prices by Rs 1.55 per litre - the fourth increase in six weeks. If we include VAT, the petrol will be costlier by around Rs 2…

The Indian Institute of Technology (IIT), which is considered as one of the reputed and revered institutes in the world, no longer remains the hot destination for many students. For the first time in the history of the IIT, a large number…