Business News

Last updated: Wednesday, March 04, 2015 10:30:04 PM

Telecom operators have Rs.2.42 lakh crore debt
New Delhi, March 4 (IANS) Telecom operators had a total debt of Rs.242,896 crore in the financial year 2013-14.

Wednesday, March 04, 2015 6:04:04 PM

Sensex crosses 30,000-mark; closes 213 points down (Roundup)
Mumbai, March 4 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Wednesday touched a new record high of 30,024.74 points but closed the day's trade at 213 points or 0.72 percent down.

Wednesday, March 04, 2015 5:02:12 PM

India Inc welcomes cut in key lending rates
New Delhi, March 4 (IANS) India Inc Wednesday welcomed the central bank's surprise decision to reduce key lending rates by 25 basis points.

Wednesday, March 04, 2015 4:22:27 PM

Second round of coal auctions begin
New Delhi, March 4 (IANS) Leading wire roap maker Usha Martin submitted the closing bid of Rs.1,804 per tonne for the Brinda and Sasai block in Jharkhand as the second round of auctions began Wednesday of the coal blocks whose allotments were cancelled by the Supreme Court.

Wednesday, March 04, 2015 4:16:06 PM

Loans could become cheaper as India's central bank cuts keys rates (Roundup)
Mumbai, March 4 (IANS) Housing, auto and commercial loans could become cheaper with the Reserve Bank of India cutting key lending rates by 25 basis points in an unexpected move on Wednesday as it expected inflation to soften further, sending stock indices soaring during the bulk of the day.

Wednesday, March 04, 2015 4:02:05 PM

Lok Sabha passes coal allocation bill
New Delhi, March 4 (IANS) The Lok Sabha on Wednesday passed the coal allocation bill providing for vesting mining leases to successful bidders through a transparent bidding process.

Wednesday, March 04, 2015 3:50:10 PM

Sensex crosses 30,000-mark; closes 217 points down (Third Lead)
Mumbai, March 4 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Wednesday touched a new record high of 30,024.74 points but closed the day's trade at 217 points (provisional) or 0.73 percent down.

Wednesday, March 04, 2015 3:50:09 PM

RBI's minor rate cut insufficient: General Motors
Chennai, March 4 (IANS) The Reserve Bank of India' (RBI) decision on Wednesday to cut its lending rates was a minor reduction and not enough to stimulate consumer demand for loans, a senior official of car-maker General Motors India said.

Wednesday, March 04, 2015 3:42:18 PM

Sensex crosses 30,000-mark; Nifty touches record high
Mumbai, March 4 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Wednesday touched a new record high of 30,024.74 points as India's central bank, the Reserve Bank of India, cut its key lending rates by 25 basis points, expecting inflation to soften further in the coming fiscal.

Wednesday, March 04, 2015 2:48:05 PM

Balanced budget looks after all interests: Arvind Subramanian
New Delhi, March 4 (IANS) Chief Economic Adviser Arvind Subramanian on Wednesday welcoming the unscheduled repo cut by the RBI, described Budget 2015-16 as a "balanced" one that makes institutional changes to spur growth without sacrificing macro-economic discipline.

Wednesday, March 04, 2015 1:30:05 PM

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