Top Business News

Vodafone raises Kabel Deutschland offer after rival bid report

Wed, 19 Jun 2013 02:11:14 GMT

Britain's Vodafone Group has raised its preliminary offer to buy Germany's largest cable operator, Kabel Deutschland Holding AG, a day after US media group Liberty Global Plc made a rival bid, Bloomberg reported, citing people familiar with the bid.

Not an allwomen bank after all

Tue, 18 Jun 2013 16:07:59 GMT

The proposed all women’s bank, slated to be set up by this year, may not land up being a bank manned primarily by women staff or one having only female customers. The bank is likely to recruit eligible candidates in a gender-neutral manner and cater for all customers –men and women, sources said. Mahua Venkatesh reports.

GST rollout faces taxing times

Tue, 18 Jun 2013 15:57:13 GMT

In troubled waters: With the Centre and states still stuck on the revenue-sharing formula, Goods and Services Tax regime will have to clear many more hurdles before it becomes a reality, reports Gaurav Choudhury.

Women crucial to talent pool Mistry

Tue, 18 Jun 2013 15:54:56 GMT

Tata Sons chairman Cyrus Mistry has set the ball rolling for a debate on gender diversity in the corporate world, cautioning that India still has a long way to go. Gaurav Choudhury reports.

Vodafone cuts net tariff by 80 for some users

Tue, 18 Jun 2013 15:52:12 GMT

Vodafone, India’s second-largest GSM mobile service provider, on Tuesday reduced mobile Internet access charges by 80% for subscribers of its 2G services who have very low usage.

Soon youll get cheaper medicines at govt stores

Tue, 18 Jun 2013 15:49:46 GMT

Soon, medicines for critical cases including cancer, tumour and other life-threatening diseases may be available for a price atleast five times less than their branded versions. Himani Chandna Gurtoo reports.

Rupee to remain under pressure in near term report

Tue, 18 Jun 2013 15:45:45 GMT

The rupee is expected to remain under pressure in the near term, given the strengthening of the dollar against major global currencies and widening of the trade deficit, says a report.

Shibulal may step aside as Infosys CEO by end of 2013

Tue, 18 Jun 2013 15:42:13 GMT

Speculation is rife that the reign of SD Shibulal as chief executive officer and managing director of Infosys may draw to a close this year, much before his term ends in 2015. Vivek Sinha reports.

Raining car discounts

Tue, 18 Jun 2013 15:36:35 GMT

This may be the best time for you to buy a car. Auto companies are offering all-time high discounts to push sales. These discounts are expected to continue for two months. Sumant Banerji reports.

New FDI rules as rupee falters govt courts foreign investors

Tue, 18 Jun 2013 15:32:51 GMT

The government is readying a slew of measures, which includes allowing upto 100% foreign direct investment (FDI) in the telecommunication sector and opening the defence production sector to 49% FDI, from the current limit of 26%. Gaurav Choudhury reports.

TCS joins US2020 as founding leadership partner

Tue, 18 Jun 2013 13:00:04 GMT

Country's largest software servicesfirm Tata Consultancy Services on Tuesday said it has joined US2020 as a founding leadership partner.

Gold futures edge up to near 1week high

Tue, 18 Jun 2013 08:18:15 GMT

Indian gold futures edged up on Tuesday to their highest in nearly a week, helped by a weaker rupee, which was not far from its record low. Silver also moved higher.

JP Morgan downgrades Maruti Suzuki to underweight

Tue, 18 Jun 2013 07:30:27 GMT

JP Morgan downgrades Maruti Suzuki India Ltd to "underweight" from "neutral" and cut its target price to 1,510 rupees from 1,750 rupees, citing muted passenger car demand in India and increasing competition in higher value segments.

Rupee sinks to record closing low of 5877 ahead of Fed meet

Tue, 18 Jun 2013 04:30:22 GMT

Resuming its downfall, the rupee on Tuesday sank by a whopping 90 paise to all-time closing low of 58.77 on massive dollar buying by banks and importers as forex markets became jittery ahead of Fed's decision on continuing monetary stimulus.

Sensex drops by 053 on profit booking ahead of US Fed meet

Tue, 18 Jun 2013 04:26:44 GMT

Sensex today closed nearly 103 points down at 19,223.28 on selling in bluechips, amid weakness in global markets ahead of US Federal Reserve's decision over continuing monetary stimulus.

Jet Air FranceKLM ink codesharing deals

Mon, 17 Jun 2013 18:19:28 GMT

Jet Airways has entered into code-share agreements with European carriers Air France and KLM. Air France-KLM offer 27 weekly long-haul flights between Europe and India.

Cheap foreign loans spur outbound MampA march

Mon, 17 Jun 2013 18:16:30 GMT

Foreign banks are fuelling India’s recent burst of overseas takeover bids, offering cheap US dollar loans to Indian corporates expanding beyond their home states.

TRAI makes roaming cheaper and easier

Mon, 17 Jun 2013 18:12:51 GMT

Telecom Regulatory Authority of India (TRAI) today lowered the ceiling for national roaming tariff from R1.40 per minute for outgoing local calls and R2.40 per minute for outgoing STD calls to R1 and R1.50 per minute respectively. HT reports.

India set to become a hub for Ford

Mon, 17 Jun 2013 18:09:45 GMT

With India leading the small SUV market, US auto major Ford is looking to make the country its hub in the area.

Why EMIs are still high

Mon, 17 Jun 2013 18:01:05 GMT

Why are your EMIs not falling despite a cut of 1.25 percentage points in the policy rates by the Reserve Bank of India in the past 12 months?

Triumph Polaris to take on Harley

Mon, 17 Jun 2013 17:58:51 GMT

After a near three-year unchallenged run, Harley Davidson will get some competition. Within the next one year a range of super bikes will hit the Indian roads. Sumant Banerji reports.

Ramadorai is Airasia India chairman

Mon, 17 Jun 2013 17:56:11 GMT

A day after Ratan Tata was named the chief adviser to the board of AirAsia India, S Ramadorai was named as the chairman of the proposed passenger airline that would be based out of Chennai.

RBI plays defence leaves rate unchanged

Mon, 17 Jun 2013 17:49:11 GMT

A cautious Reserve Bank of India (RBI) governor D Subbarao on Monday kept key lending rates unchanged, warding off mounting pressure for a repeat action to follow up on the central bank’s three successive rate cuts since January. HT reports. Money isn't getting cheaper

FDI caps could be revisited Chidambaram

Mon, 17 Jun 2013 14:30:23 GMT

Finance minister P Chidambaram today favoured easing of caps on foreign direct investment (FDI) in some sectors amid indications that the government was readying a series of measures to attract foreign investment and dollar inflows into India.

LG hikes prices of home appliances by up to 5 on rupee fall

Mon, 17 Jun 2013 10:16:49 GMT

Consumer durables major LG Electronics India today said it will hike prices of its entire range of home appliances by up to five% due to weakening rupee with effect from tomorrow.