Business

The declining Rupee, Syrian crisis and fuel price hike have taken a toll on the aviation industry. The Aviation Turbine Fuel (ATF) or Jet Fuel has been hiked by a steep 6.9%, which means there will be a 10-15% hike in all air fares in the…

Raghuram Govind Rajan, Chief Economic Advisor in the Finance Ministry, will take over as the new RBI Governor today at a time when Indian Economy is struggling to find its rhythm. Rajan took charge from Duvvuri Subbarao. He will be at the…

The Syrian crisis deepened further, as two missiles were reportedly fired at Damascus, which fell in the sea. The news came from the Russian Defence Ministry. Even the Syrian government sources confirmed that their radar detected two…

In a major development, IT giant Microsoft has decided to acquire Nokia's device and services business for worth $5 billion and also control the mobile maker's patents and mapping assets for another $2.17 billion. The total deal, which…

While the economy is hitting downwards every passing day, the State Bank of India has come up with a new directive that people, who earn less than Rs 50,000 per month, won't be eligible to get car loans from the bank. The gross income…

The construction work of the New Sulphuric Acid Plant began on an auspicious note as the Bhumi Puja was conducted at the existing Coal Chemicals Department Project site of Rourkela Steel Plant in the presence of Mr. G.S.Prasad, CEO, RSP on…

In a desperate bid to save the Indian Economy from sliding further due to the wrong policies of the UPA Government, Petroleum Minister Veerappa Moily has proposed a ban on selling of petrol from 8 PM to 8 AM, mostly in the night hours so…

Angul, August 8, 2013: India’s leading steel maker, Jindal Steel & Power Ltd, today commissioned the largest Steel Melting Shop (SMS) and its Allied unit of the 6.0 MTPA integrated steel plant at Angul, Odisha, on the Birth Anniversary…

The CBI has arrested Rajesh Agarwal and Manish Tuli, co-founders of Micromax mobiles, for allegedly giving Rs 30 lakh bribe to the officials of North Delhi Municipal Corporation to get clearance for the construction of a banquet hall in the…

The Indian Rupee recorded its biggest fall to slump to a new low of 61.80 against the USD at around 2 PM. But, later, it made some recovery to 60.77 after the RBI intervention. The Rupee has plunged over 1.6 per cent so far in August.…