Business

In a huge relief to drug manufacturing firm Ranbaxy, the Supreme Court on Tuesday dismissed the plea against it as no evidence was found to prove that the drugs manufactured by the firm were substandard. A bench of justices AK Patnaik…

Indian Rupee hit all-time low against US Dollar on Thursday. It touched 60-level in early trade. Later, it came down to 59.53 per dollar.The sharp decline in domestic currency showed the strong demand for Dollar from banks and importers.…

While the BJP-led NDA, which was expected to provide a great alternative to the Congress Party at the Centre, is on the verge of a major split, thanks to JD(U)'s adamant stance on Narendra Modi's elevation, the oil companies have hiked the…

Petroleum Minister Veerappa Moily has made startling revelations today, claiming threat from the oil import lobbies, who did not want the government to stop imports. He also said that every minister who occupies the post of Petroleum…

After getting the rebuke from the RBI and paying a Rs 5 crore penalty for KYC violations, the Axis Bank has landed in another trouble amidst reports of hacking of salary accounts of several Mumbai police officers. Money was reportedly…

The Car Sales in India continue to decline for the 7th consecutive month, signalling at a doomsday for the beleaguered automobile industry. The decline in May was pegged at 12.26 per cent. The latest data was released by the Society of…

Even if it's just a hike of 8 per cent on an average for Infosys employees, NR Narayana Murthy has taken a bold step on his return stint to boost the entire IT sector. With this unprecedented pay hike, Infosys leads the way and inspires…

In a big business development, leading Indian auto company, Apollo Tyres is all set to acquire the US-based tyre-maker Cooper Tire & Rubber Company for Rs 14,500 crore ($2.5 billion). After the acquisition, Apollo Tyres will become…

In a big development today, the CBI has filed a fresh FIR against Congress MP Naveen Jindal and former Minister of State for Coal, Dasari Narayan Rao (Congress) in connection with irregularities in coal block allocations. Jindal's Jindal…

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…