Business News

Last updated: Friday, July 25, 2014 7:30:03 PM

PSUs should be competitive, says Jaitley
New Delhi, July 22 (IANS) Finance Minister Arun Jaitley Tuesday said public sector undertakings should learn to function like private business houses in a competitive environment.

Tuesday, July 22, 2014 1:36:15 PM

Bank of Japan's liquidity splurge will counter US Fed taper (Column: Currency Corner)
One might think that the Zero Interest Rate Policy (ZIRP) era is coming to an end. The US Federal Reserve will be concluding its Quantitative Easing (QE) program by year-end and we can expect the first interest rate hike in mid-2015. The Bank of England (BoE) is sounding hawkish as is seen by the run-up in the pound over the past few months. The Reserve Bank of New Zealand (RBNZ) has already started hiking interest rates and is widely expected to raise the benchmark rate further by 25 basis points later this week. The European Central Bank (ECB) has said that it would unleash a European version of QE if deflationary threats are not overcome but there remain too many legal and political challenges for Mario Draghi to implement the QE. One has to look far east to the Bank of Japan to answer the following question: Where will the liquidity come from post the ZIRP era?

Tuesday, July 22, 2014 12:50:14 PM

Sensex gains over 100 points; healthcare stocks surge
Mumbai, July 22 (IANS) A benchmark index of Indian equities markets Tuesday was trading 109.60 points or 0.43 percent up as healthcare stocks surge.

Tuesday, July 22, 2014 10:16:16 AM

Honda Motorcycle ties up with Haryana Gramin Bank
Gurgaon, July 21 (IANS) Eyeing rural and semi-urban buyers, Honda Motorcycle and Scooter India (HMSI) Monday entered into a retail finance tie-up with Sarva Haryana Gramin Bank.

Monday, July 21, 2014 8:28:02 PM

Power producers asked to import coal to meet shortfall
New Delhi, July 21 (IANS) Power producers have been advised to import 54 million tonnes (MT) of coal in the current fiscal to tide over domestic supply shortages, the government said Monday.

Monday, July 21, 2014 8:14:03 PM

US firm launches panic button for staff cars in Kerala
Thiruvananthapuram, July 21 (IANS) American tech firm UST Global, the largest employer of IT professionals in Kerala, has installed GPS tracking mechanisms and panic buttons on its company's cabs for its centre here, an official said.

Monday, July 21, 2014 7:32:17 PM

TRAI recommends all kinds of spectrum sharing
New Delhi, July 21 (IANS) The Telecom Regulatory Authority of India (TRAI) Monday recommended to allow sharing of all categories of spectrum.

Monday, July 21, 2014 7:16:18 PM

Tax collection for 2014-15 will exceed target: Jaitley
New Delhi, July 21 (IANS) The government is hopeful to exceed the Rs.736,221 crore revenue target from the direct tax collections in the current financial year, Finance Minister Arun Jaitley said Monday.

Monday, July 21, 2014 6:56:17 PM

Idea Cellular's Q1 net profit up over 57 percent
Mumbai, July 21 (IANS) Riding on higher data and voice growth, Idea Cellular's first quarter (April-June) consolidated net profit of 2014-15 jumped over 57 percent, the company said Monday.

Monday, July 21, 2014 6:20:04 PM

Sensex ends 73 points higher; FMCG stocks rise (Roundup)
Mumbai, July 21 (IANS) A benchmark index of Indian equities markets ended Monday's trade 73.61 points or 0.29 percent up as fast moving consumer goods (FMCG) stocks surged.

Monday, July 21, 2014 5:58:04 PM

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