Business

Three American Economists - Eugene Fama and Lars Peter Hansen of the University of Chicago, and Robert Shiller of Yale, have won the Nobel Prize in Economics for 2013. They were awarded the coveted award for their work that helped answer…

In a big development, the Wal-Mart Stores Inc has snapped all business relations with its Indian partner, Bharti Enterprises and decided to operate separate business in the country. Bharti will also handle its retain operation…

India has topped the global list of remittances with $71 billion in 2013. The data has been published by the World Bank, which put China at No. 2 spot with $60 billion in remittances, followed by the Philippines ($26 billion), Mexico ($22…

The Government has come up with a big measure that would allow the consumers to choose or change their cooking gas dealer at just press of a button. That will end the monopoly enjoyed by the gas agencies that harass the common people. In…

Although the car market is not showing great results this year due to economic meltdown and lack of confidence in the industry, Maruti Suzuki got a big boost ahead of the festive season by increasing its sales for the third consecutive…

After six consecutive hikes in petrol prices since June 1, the government has finally given some relief to the common people with a populist announcement today. The petrol prices have been reduced by Rs 3.05 per litre with immediate effect…

The Reserve Bank of India (RBI) banned the ‘zero percent interest’ rate scheme on purchase of goods/products through credit cards to protect the consumers from camouflaged interest rates. It may put impact on the sale of products during…

The BlackBerry, which is facing a turbulent time after the postponement of its BBM global roll out, has confirmed the sale to Fairfax for $4.7 billion. The Toronto-based Fairfax Financial Holdings was trying to acquire BlackBerry…

When BJP's Prime Ministerial candidate Narendra Modi hailed the 'golden era' of Vajpayee-led NDA government from 1998-2004 and slammed the Congress for a low GDP growth rate while addressing the NRIs in the USA, there was obvious reason for…

In a very surprising move, which rattled the India Inc., RBI Governor Raghuram Rajan has announced a hike of 25 basis points in the repo rate, making things difficult for the banks. The decision triggered an immediate fall in the market and…