business

In a big development, the Wal-Mart Stores Inc has snapped all business relations with its Indian partner, Bharti Enterprises and decided to operate separate business in the country. Bharti will also handle its retain operation…

Although the car market is not showing great results this year due to economic meltdown and lack of confidence in the industry, Maruti Suzuki got a big boost ahead of the festive season by increasing its sales for the third consecutive…

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 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…

In a huge relief to the consumers, the oil companies have reduced the petrol prices by Rs 1 per litre with effect from midnight today. This is the third reduction in petrol prices in less than four weeks. Earlier in April, the prices were…

The gold prices in India suffered a biggest-ever single day fall of Rs 1,250 to slump to one-year low of Rs 28,350 per 10gm. This is the price of 24-carat gold. The prices of 22-carat gold will be much lower in the Indian market. In the…

Perhaps to compete with Google Inc for online advertising revenue, Facebook Inc. has agreed to buy advertising technology company Atlas Advertiser Suite from Microsoft Corp. Yet, there is no report about the consideration amount. The…

TNI Bureau: The Bharat Heavy Electricals Ltd (BHEL) has been granted Maharatna status by the government. Established in 1964, BHEL is a state-owned integrated power plant equipment manufacturer of the country and operates as engineering and…