Business

New Delhi, May 21 (IANS): Budget passenger carrier SpiceJet on Thursday said one of its founders, Ajay Singh, has been appointed as chairman and that the low-cost carrier (LCC) has managed to garner Rs.300 crore funding. According to the…

New Delhi, May 21 (IANS): With the Reserve Bank of India's monetary policy review due on June 2, Finance Minister Arun Jaitley has said that inflation will not be a significant challenge though a below-average monsoon could possibly impact…

London, May 21 (IANS): British bank Barclays announced on Wednesday that it has agreed to pay a total fine of 1.533 billion pounds (or $2.4 billion) to British and American regulators for the manipulation of foreign exchange and currency.…

New Delhi, May 20 (IANS): The currently levied education cess and secondary and higher education cess would become ineffective from June 1 as they would be subsumed in the service tax rate of 14 percent notified by the Central Board of…

Kolkata, May 20 (IANS): Tata Group-owned Tata Steel on Wednesday said under global subdued demand in steel consuming industries and increasing steel imports from China, it has incurred a consolidated loss of Rs.3,926 crores in 2014-15…

Mumbai, May 20 (IANS): The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) on Wednesday closed 191.68 points, or 0.69 percent up. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed 57.60 points or 0.69…

Essar Foundation, the CSR arm of multinational conglomerate Essar, today said that in order to improve the employability quotient of youth in the country, it has signed a Memorandum of Understanding (MoU) with the National Skill Development…

Mumbai, May 20 (IANS): A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading 150.59 points or 0.54 percent up during the afternoon session on Wednesday. The wider 50-scrip Nifty of the…

Chennai, May 20 (IANS): Unveiling Renault's global small 800cc car Renault Kwid on Wednesday, a top company official said the model would mark the French automobile major's entry into the volume segment in India. "The Renault Kwid will be…

Mumbai, May 19 (IANS): Driven by favourable impact of forex in and tariff orders, integrated power company Tata Power on Tuesday said it consolidated net profit in 2014-15 rose to Rs.168 crore against a loss of Rs.260 crore incurred in…