Business news

RBI Fixes Reference Rate for Dollar, Euro

The Reserve Bank of India (RBI) Friday fixed the reference rate for the U.S. dollar at 51.9830 rupees and the euro at 69.1243 rupees.

Nov 28, 2011

India's New Retail Policy Will Create 10 mn Jobs: Minister

The government's approval for 51 percent foreign direct investment in the supermarket sector may have created a storm at the ongoing winter session of Parliament, but Trade Minister Anand Sharma says the new retail policy will create a number of jobs.

Nov 25, 2011

RBI's Latest Reference Rate for Dollar

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 52.1665 rupees and the euro at 69.4263 rupees.

Nov 25, 2011

2G Scam: High Court to Hear Kanimozhi's Bail Plea Today

The Delhi Court will hear the bail plea of DMK MP Kanimozhi, who has been in jail since April 2011 in connection to 2G spectrum scam.

Nov 25, 2011

Lakshmi Mittal is Britain's Most Influential Asian for 2011

According to weekly newspaper Eastern Eye, 61-year-old Lakshmi Mittal, a Non-Resident Indian and the Chief Executive Officer (CEO) and Chairman of the Board of Directors of ArcelorMittal, is the most powerful Asian in Britain, for the year 2011.

Nov 24, 2011

AerCap Holdings to Take Back 2 Kingfisher Planes

Debt-ridden Kingfisher Airlines is set to face another problem. AerCap Holdings NV, one of the airine's lessors, is reportedly ready to re-claim two of its aircrafts.

Nov 24, 2011

Ratan Tata's Successor Found: Cyrus Mistry to be Tata Sons Chairman

Chairman of Tata Sons Ratan Tata will be succeeded by Cyrus Mistry, Director of Tata Sons and Tata Elxsi (India).

Nov 23, 2011

2G Scam: Supreme Court Grants Bail to 5 Corporate Honchos

The Supreme Court granted bail to five company executives, who are charged in the 2G spectrum scam, after the trial court framed charges against them today.

Nov 23, 2011

2G Case: CBI Named Former Telecom Secy., Raids Airtel and Vodaafone Offices

Early on Saturday, the Central Bureau of Investigation (CBI) named former telecom secretary, Shyamal Ghosh, in a fresh case filed by the investigating body for alleged irregularities in the 2G spectrum allocation.

Nov 19, 2011

Wikipedia's Future is in India, Says Jimmy Wales

The co-founder of the free online encyclopedia, Jimmy Wales, says the future of Wikipedia is in India.

Nov 19, 2011

Kingfisher Close to Sealing Deal; Shares Down

It is reported that Kingfisher Airlines chairman Vijay Mallya close to sealing a $370 million deal with an Indian private investor to save the airlines but its shares keep falling.

Nov 18, 2011

U.S. Airlines Trade Group Seeks to Block Loan to Air India

A trade group for U.S. airlines has sued the Export Import Bank of the United Sates over a $ 3.4-billion loan to Air India.

Nov 17, 2011

Petrol Price Cut by Rs. 2.22 a Litre

All the hue and cry over the recent petrol price hike will die down as petrol price has been cut for the first time in nearly three years by Rs. 2.22 per litre.

Nov 15, 2011