Business
Rate cut by RBI will give 'good fillip' to economy, says Arun Jaitley
"I am quite clear in my mind that the cost of capital has to come down. Inflation has moderated, global fuel price has eased," the Finance Minister said.
After Snapdeal, Ratan Tata invests in online furniture company Urban Ladder
Urban Ladder said that Tata's "inputs and guidance will be very valuable" for the company.
Record close for Nifty; realty, metals jump, pharma drags
Indian benchmarks surged to fresh record highs at Friday close with a 0.3 percent gain, with the Nifty rising 32 points to 8,389 while the Sensex climbed 102 points to 28,046.
Rupee up 7 paise against dollar in early trade
The rupee had slipped by two paise to close at 61.32 against the US dollar in Tuesday's trade.
Ram Vilas Paswan meets FM Jaitley; wants import duty on edible oils to be hiked
"The proposal on increasing import duty on edible oils, additional budget for FCI and loan issue under SDF, among others, were on the agenda of the meeting," Paswan said.
Government raises natural gas price to US dollar 5.61 per unit
The new formula will be effective November 1 and rates will be revised every six months with the next revision being on April 1.
RIL to complete Rs 20,000 crore investment in Madhya Pradesh by March 2016
"Our major investment is in coal bed methane which is bringing in energy with technology. We are also investing in retail business," Mukesh Ambani said.
Indian economy to see better growth momentum
Only India is anticipated to witness better growth momentum among the BRIC bloc whereas other member countries are expected to see "stable growth momentum".
Rashtriya Chemicals and Fertilizers likely to get Navaratna status this year
State-owned Rashtriya Chemicals and Fertilizers is likely to get the 'Navaratna' status this year, a move that will provide it greater financial autonomy.
Modi asked to resist US pressure on IP and pharma sector
MSF in its statement urged Modi to continue India's leadership in global health.
'Make In India' has to be made successful, says Anand Mahindra
"I am very delighted to say that we are first of the block. This vehicle will make us proud not only in India, but also validate Make in India, around the world," Mahindra Group Chairman Anand Mahindra said.
SC scraps coal allocations, firms likely to pay Rs 7,905 cr in penalty
The SC while cancelling 214 of 218 coal mine permits given to companies since 1993 also agreed to the government's proposal to impose a fee of Rs 295 a tonne on coal produced from the mines which were allowed to operate until March 31.
Sensex closes flat; capital goods decline
A benchmark index of Indian equities markets closed flat in volatile trade on Friday as capital goods, oil and gas and automobile stocks fell on profit booking.
SBI accounts for half of mobile transactions in June: RBI
State Bank of India's account holders undertook 52,27,782 transactions using their mobile phones involving Rs 546.34 crore in value in June, RBI said.
FDI more than doubles to $3.5 billion in July
During April-July this fiscal, the foreign inflows grew by 52 per cent to $10.73 billion as compared to $7.05 billion in the same period last year.
Indian economy to grow 5.6 pc in 2014: UNCTAD
The UNCTAD Trade and Development report 2015 forecasts that developing economies as a whole are likely to repeat the performance of previous years, growing at between 4.5 and 5 per cent.
