20:56
Shares of Apple and some of its suppliers are lower ahead of Wednesday's event in which the company is expected to unveil new iPhones, a larger iPad and an updated Apple TV.Summary of expectations on new iPhone features from JPMorgan: (external link: http://link.reuters.com/pyx55w)Apple was...
17:01
Indirect tax collection in April-August rose 36.5 per centto Rs 2.63 lakh crore (Rs 2.63 trillion), chief economic advisor ArvindSubramanian said on Wednesday.Indirect tax collection and gross domestic product datasuggest that economy is improving, he added.
16:34
Government to consider giving exemption from capital gainstax on redemption of gold bonds in next year's budget, DEA Secretary RajivMehrishi said on Wednesday.Know Your Customer norms will not be diluted for GoldMonetisation Scheme, he said.
16:14
FMCG major ITC Ltd is keen onmaking investments of about Rs 2,500 crore (Rs 25 billion) in Tamil Nadu aspart of tapping food processing and hotel businesses, a top official said onWednesday.Weare ready to invest anywhere in India.We have planned Rs 25,000 crore (Rs 250 billion) of investments...
16:04
India'seconomic growth recovery is likely to stay modest at 7.5 per cent, whileaverage consumer price index would be around 5 per cent in the current fiscal,a Citigroup report says.According to the global financial services major, the country'sability to withstand sub-par monsoon has been...
15:51
To beef up its logistics operations ahead of the festiveseason, global online retailer Amazon on Wednesday said it has set up seven newfulfilment centres across cities like Ahmedabad, Delhi, Kolkata and Mumbai.Amazon now has 20 FCs operational across 10 states coveringa total area of over 1.6...
15:26
Swedish furniture retail giant IKEA has started hiring inIndia as it gears up to open its first store in the country by 2017.The company has earmarked Rs 10,500 crore (Rs 105 billion) investmentfor the country to open 25 stores over a decade and has already acquired landin Hyderabadwhere it is...
15:06
Gold prices declined further by Rs 25 to Rs 26,675 per ten grams at the bullion market on Wednesday owing to slackened demand from jewellers and retailers even as the metal strengthened overseas.However, silver recovered by Rs 130 to Rs 35,330 per kg on scattered buying by industrial units and...
14:52
The Cabinet on Wednesday approved Gold Bond and GoldMonetisation schemes to reduce the metal's demand in physical form and fish outidle gold lying with households and other entities.It is safer and economically more stable to go under boththese schemes, Finance Minister Arun Jaitley said after...
14:37
Cabinet on Wednesday allowed 100 per cent foreign direct investment under automatic route in white-labelled automated teller machines, Finance Minister Arun Jaitley said.
14:28
Inviting global investors to take advantage of industry-friendly policies of Tamil Nadu, Chief Minister Jayalalithaa on Wednesday said the state had set an investment target of $250 billion in the infrastructure sector in the coming years.Investment in Tamil Nadu is a sound investment, she...
14:27
The Bombay High Court on Wednesday directed the National Stock Exchange to pay Rs 50 lakh damage to online news portal Moneylife. The NSE had recently filed a Rs 100-crore (Rs one billion) defamation suit in the court against online news portal Moneylife for allegedly publishing false...
14:15
Cabinet on Wednesday approved spectrum trading guidelines. According to a statement by Telecom Minister, Ravi Shankar Prasad, spectrum trading has been permitted in all bands.
12:08
Facebook's mobile photo-sharing service Instagram has openedits platform for advertisers from India and 30 other countries toadvertise on the app.Starting this month, Instagram will enable anyadvertiser large or small to run ads on the platform in India.We will offer a new suite of features,...