Business

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…

The Indian Rupee bounced back strongly on Tuesday to reach 59.72 against the US Dollar during the initial trade. Now, it's trading at 60.12. On Monday, Rupee has closed on 60.61 after touching a new low of 61.10. The check in Rupee's…

The Indian Rupee has breached the 61-mark against the USD and was hovering at 61.10 during the initial trading. On Friday, it had closed at 60.23 against the US Dollar. The previous lowest of Rupee came on June 26, when it hit the mark…

AirAsia, the new player in Indian Aviation is likely to start operations from October this year in the country. The company seeks to change Indian Aviation through offering low-cost flying. Head quartered in Chennai the Company has applied…

Despite strong observations from the PMO, Union Civil Aviation Minister Ajit Singh has backed the Jet-Etihad deal, triggering a crisis within the UPA-II government. The PMO has asked Ministry of Civil Aviation to look into concerns in the…

Gold prices on Friday declined by Rs. 1,150 to Rs. 25,650 per 10 grams, a 23-month low in the domestic market. The yellow metal seems to lose its demand in global markets after the US economy showed some signs of strength. However, no…