Economy recovering, more efforts needed, says Rajan

Economy recovering, more efforts needed, says Rajan

Direct exposure to Greece limited, little impact of debt crisis: RBI governor.

2nd NCR airport: AviationMin nod came without state govt’s clearance
2nd NCR airport: AviationMin nod came without state govt’s clearance

The airport in Jewar was proposed by the erstwhile Mayawati-led government in Uttar Pradesh and the United Progressive Alliance (UPA) government.

Wait’s over: Telcos to start national MNP from today
Wait’s over: Telcos to start national MNP from today

Uninor, Sistema Shyam Teleservices and Videocon are also expected to roll out the service to meet the July 3 deadline fixed by the government.

Volatile Sensex falls 75 pts in late sell-off; NSE Nifty closes below 8450
Volatile Sensex falls 75 pts in late sell-off; NSE Nifty closes below 8450

After a choppy session, Sensex dropped 75.07 points to 27,945.80 in closing trade, while Nifty traded 8.15 points down to 8,444.90.

Nestle India shares surge over 3 per cent as UK’s FSA gives Maggi clean chit
Net Neutrality

Maggi noodles were banned in India by food safety regulator FSSAI over presence of lead beyond permissible limits and taste enhancer monosodium glutamate.

Digital India will help push economic growth: Arun Jaitley

Wipro chairman Azim Premji said the launched initiative will have to ensure the services which are to be delivered should be affordable to the beneficiaries and should be delivered at their doorsteps.

Net Neutrality: Campaigners slam telecom cos at panel meeting

Incidentally government had not invited any representatives of consumer groups in earlier standing committee meetings.

Rahul Bhatia to sell 98% of personal holding in Indigo

This means that Bhatia’s individual stake sale of over 30 lakh shares would fetch him close to Rs 120 crore.

HSBC manufacturing PMI shrinks to 51.3 in June, job strain stays

HSBC India Purchasing Managers' Index (PMI) fell to 51.3 in June from 52.6 in May, amid slowest rise in new orders since September 2014.

BSE Sensex reclaims 28,000 level, Nifty above 8,400

BSE Sensex opened on a positive note in morning trade on Wednesday despite Greece defaulting on the International Monetary Fund payment.

Post AIIB, India to reduce banking on World Bank infra arm

By contrast the AIIB has been fast. The Bank, to be headquartered in Beijing, is expected to be operational by next year.

IndiGo files papers with Sebi, gears up for Rs 2,500-cr IPO

Offer to include fresh equity of up to Rs 1,272 cr and sale of up to 30.15 mn shares by some shareholders.

Aberdeen MAT case: Tax dept to wait for SC ruling

The Supreme Court is due to hear a plea filed by Castleton Investment Limited, a Mauritius-based entity, on levy of MAT.

‘Connectivity was biggest pain point for Indian users, Facebook Lite will fix that’

Facebook Lite Android app is less than 1MB in size and includes Facebook’s core experiences.

Every investment happens after due diligence: LIC chief

“We have always been a contrarian investor. When the market goes up, we sell... and when the market goes down, we buy,” says SK Roy, chairman, Life Insurance Corporation.

Display self-discipline on commissions: UK Sinha to MFs

‘When Sebi takes action, it will be harsh; will impact a large number of players’

BSE Sensex rebounds 135 points on value-buying, Asian cues

Sensex rebounded over 135 points to close at 27,780.83, reversing its two-day fall, led by gains in Coal India, Sun Pharma and Tata Steel on value-buying by investors.

Tata Consultancy Services’ FY15 attrition level at a decade high

While TCS lost 14.9% of its workforce in FY15, the company lost a total of 47,931 employees in the year, and over 13,000 of whom came in the fourth quarter itself.

Brigade to buy Chennai land for Rs 550 crore from Kansai Nerolac Paints

Realty major Brigade Enterprises is all set to buy 15.86 acres in Chennai from Kansai Nerolac Paints for Rs 550 crore.

Markets take a beating on rising euro turmoil

BSE benchmark Sensex which crashed by 602 points at one stage on Monday staged a partial recovery to end with a loss of 167 points at 27,645.15.

'Greece crisis likely to trigger India outflows'

Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system.

AAI corporatisation likely to be delayed

Huge land bank of about 58,000 acres the biggest hurdle.

Oil imports: Refiners asked to stock dollar/euro to repay Iran

Indian refiners currently owe nearly $6 billion after payment through Turkey’s HalkBank was stopped in February 2013 and some monies were repatriated on US directions last year.

How much Greece owes to international creditors

Greece, which may default on an International Monetary Fund debt repayment due on Tuesday after talks with creditors broke down...

DGCA may make psychometric tests for pilots mandatory

Some in the aviation industry believe regular psychological tests make little sense.

Outlook: Markets may remain range bound; Greece, monsoon on watch

Indian indices are expected to remain range-bound in the near term...

Marketmen see new IPO rules boosting retail participation

Marketmen and exchanges hope that the recent Sebi move to streamline the IPO process...

Coal Ministry may ask discoms to get clearances before bidding

In the proposed auction methodology, a bidder would be required to quote separate figures for variable charges (escalable and non-escalable) and fixed charges at the delivery points mentioned by the discoms.

Big investments likely in Digital India week: Ravi Shankar Prasad

Digital India will broadly aim at four things: bridging the digital divide, improving governance, harnessing power in the common man’s hand, and a politically and ideologically neutral campaign.

Greek Prime Minister Alexis Tsipras puts bailout deal to referendum July 5

Greece’s fraught bailout talks with its creditors took a dramatic turn early today...

Why AirAsia India has put its expansion plans on hold

AirAsia India has halted its expansion plans after just a year in business...

RBI extends deadline to exchange pre-2005 currency notes till Dec 31

It is easy to identify pre-2005 notes. The currency notes issued before 2005 do not have the year of printing on the reverse side.

Urban Development: Bottom-up approach is the key: PM Narendra Modi

Releases guidelines for the three missions — Smart Cities, AMRUT, Pradhan Mantri Awas Yojana.

 Employees’ Provident Fund Organisation to start equity investments in July

It will begin by investing in exchange traded funds, with the goal of earning higher returns.

Financial Express

Seeks stringent provisions in new law, says financial penalty is no deterrent since burden passed on to buyers.

Reliance Group seeking loan refinance for Sasan UMPP as well

Private equity (PE) exits in the first half of 2015 at $4.7 billion have outpaced total exits in 2014 worth $3.7 billion, according to Venture Intelligence data.

Forgiving debt, if done right, can get an economy back on its feet.

Mobile operators, including Bharti Airtel, Idea Cellular, Vodafone, Reliance Communications (RCom), BSNL and MTNL, will roll out full mobile number portability...

Those who have worked on black money estimation study point out that the government had been advised...

Even as India Meteorological Department predicted deficient rainfall in July...