Business

Attributing to the decline of Indian Rupee against the US Dollar, the oil companies have hiked the petrol prices by 70 paise, while the diesel prices went up by 50 paise as part of the monthly hike. With the inclusion of VAT, the actual…

The last date for the filing of income tax returns has been extended by five days to August 5 instead of July 31 because of the unprecedented surge in number of I-T returns being filed online. "As a measure of taxpayers convenience, it…

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,…