Business

The Reserve Bank of India (RBI) has cracked the whip major private banks, including the Axis Bank, HDFC Bank and ICICI Banks for violation of KYC (Know Your Customer) norms and anti-money laundering guidelines and imposed hefty fines on…

The Indian Rupee slipped further to touch a record low of 58 against the US Dollar today. The fall of 1.6 per cent has been attributed to heavy dollar demand. It was also the biggest fall or Rupee in a single day since 22nd September 2011.…

Now all is well between Billionaire Ambani brothers as the duo announced a Rs 12,000 crore telecom tower deal today. As per the agreement, Reliance Industries Ltd use the towers owned by the Reliance Communications Ltd to launch his telecom…

The rupee hit 57.32 marks on Thursday. This level is very close to rupee's all time low of 57.32 it had hit 11 months back. As per the traders, increased demand for the American currency from importers and a weak opening in the domestic…

If you are pissed of heavy ads on TV channels, there is a good news for you. From October 1, 2013, the TV channels cannot irritate you more. They have been restricted to show Ads for just 12 minutes in an hour. Earlier, there was no…

In a significant development, Infosys founder Narayana Murthy returns from his retirement as chairman emeritus to serve the company once again in the status of its executive chairman to handle the challenges that the company is facing and…

Liquor baron Vijay Mallya’s Kingfisher Airlines Ltd, which was grounded since October 2012, has reported yet another quarter of loss to the tune of $380 million. While the debt-ridden Airlines is yet to win regulatory approvals from the…

Indian rupee declined by 20 paise to hit 11-month low of 56.60 against US dollar in early trade today. It put a tremendous pressure amid the increased demand for the American currency. According to few analysts, the domestic currency is…

India Chapter of the German luxury car major Mercedes-Benz launched the highly awaited A-Class in the compact segment in Mumbai on Thursday. The company launched the A180 CDI at an introductory price of Rs. 21,93,500 (ex-showroom Mumbai)…

The Tata Consultancy Services (TCS) has achieved a major boost to its business by bagging a six-year contract worth Rs 1,100 crore from the Department of Posts (DoP). TCS will equip India Post with modern technologies and systems in order…