Business

TNI Bureau: Price of diesel is likely to be hiked soon after the Presidential Polls on 19th of this month. As per the report, government is on the verge of taking bold measures to hold back run-away fiscal deficit. Diesel price remains…

TNI Bureau: India's largest engineering and construction company Larsen & Toubro (L&T) has acquired Malaysia-based electrical equipment maker Henikwon Corporation. The significant acquisition was made by L&T's wholly-owned…

TNI Bureau: After four-day gains, Indian rupee fell to 54.62 against US dollar on Wednesday disappointing the investors. The continuous fall of the local currency is not a good sign for the developing country. At 9:50, the rupee was…

TNI Bureau: The government on Wednesday extended the 1 per cent interest subsidy scheme on housing loans of up to Rs 15 lakh by one year reviewing the weak economy and falling of rupee against dollar in past weeks. With the announcement…

TNI Bureau: Despite the Reserve Bank of India's attempt to curb rupee's slide, the domestic currency fell to 57.01 against the US dollar following the announcement of the measures on Monday. Earlier on Monday, the local currency rose by…

TNI Bureau: The Reserve Bank of India (RBI) on Monday announced few measures to boost country's flagging economy by hiking External commercial borrowing limit by $10 billion. The central bank allowed the companies to borrow more from…

TNI Bureau: Indian rupee hit a record low of 57.26 against the US dollar on Friday afternoon indicating the rising demand for US currency in global trade. The continuous decline of Indian currency in past few months is not a good sign for…

TNI Bureau: Leading credit rating agency, Fitch has become the fourth agency to downgrade India's growth outlook to negative. Earlier, Standard & Poor also had taken a similar step. Fitch warned that India's growth outlook could…

TNI Bureau: Indian Rupee crossed 56 mark against US dollar on Monday after the Reserve Bank of India kept its Repo rate and CRR unchanged at its mid-quarter monetary policy review. The policy affected the rupee falling it to a day low…

TNI Bureau: The Reserve Bank of India (RBI) on Monday stunned the investors and debtors, keeping the repo rate and the Cash Reserve Ratio (CRR) unchanged at 8.0 per cent and 4.75 per cent, respectively, at its mid-quarter monetary policy…