Gold imports which had touched 162 tonnes in May, fell to 19.3 tonnes in November. The government has hiked import duty on gold three times in 2013 taking the levy to 10 percent and had also imposed other import restrictions.<br /><br />
The deal, if it had gone through, would have catapulted Apollo to 7th position in the global tyre stakes, from 17th position now.<br /><br />
After parting ways with Bharti group in October last year, Walmart had said it was studying the feasibility of India's foreign direct investment (FDI) policy in multi-brand retail before finalising plans to enter the segment.<br /><br />
The list is topped by Fuhu, a California-based company that sells the Nabi, an Android-based tablet for kids. It has revenues of $175 million and raised $55 million from backers like computer-maker Acer and animation studio DreamWork.<br /><br />
According to leaders of these economies who were speaking at a session at the 44th World Economic Forum Annual Meeting here, the BRICS economies would rebound over the next few years, despite having been hit to varying degrees by fallout from the global financial crisis.<br /><br />
Ranbaxy Laboaratories today said it will take 'appropriate management action' for the lapses at the manufacturing facility after the conclusion of an internal investigation.<br /><br />
Alok Sinha, who is currently joint secretary in the Aviation Ministry and handling the airports, has been given additional charge of the post, according to government orders.<br /><br />
In what comes as some good news for women, a survey by Randstad India shows that many Indian organisations may be hiring more women at top levels this year.
Madura Garment's premium menswear brand Louis Philippe plans to add around 40-50 stores every year and would expand in the tier 2 cities targeting the<br /><br />
According to the Sharma, India needs to expand its manufacturing sector to boost exports and ensure sustainability.<br /><br />
AirAsia's joint venture with the Tatas in India will start its operations soon. Talking to CNBC-TV18's Menaka Doshi, on the sidelines of World Economic Forum in Davos , AirAsia CEO Tony Fernandes expressed confidence that AirAsia's low cost model will work in India despite various challenges. He is optimistic about changing travel mood in India and sees this as good time to enter Indian market.<br /><br />
Unimpressed by the Aam Aadmi Party's way of functioning, Ajay Piramal, chairman, Piramal group, in an interview with CNBC-TV18 said that the party's economic policies are disastrous for the country.<br /><br />
Terming inflation as a "destructive disease", Reserve Bank governor Raghuram Rajan on Thursday said there can be no trade off with growth and prices have to be brought down.
A period of three month is too short a time and will create long queues and confusion as the masses flock to banks spending a horrendous amount of man hours for this process
In an exclusive interview to Reuters, Moily described Narendra Modi as a 'bloated figure' who will disintegrate the country if he comes to power.
Nation's largest lender State Bank of India today strengthened its social media presence with the launch of its channel on popular video sharing website YouTube and said it will also be launching its handle on the micro-blogging site Twitter soon.
The US Food and Drug Administration said on Thursday it has banned more products from drugmaker Ranbaxy Laboratories from entering the United States due to manufacturing violations.
Vista VX Tech comes loaded with advanced technology features like touch screen multimedia system with GPS navigation, new drive pro-console and advanced driver information system among others, the company said.
Kerala Tourism has been conferred the United Nations Award for creating innovative initiatives for sustainable tourism, the first time India has ever won the recognition.
Soon after CNBC-Awaaz TV channel reported, citing sources, that Congress President Sonia Gandhi has written a letter to the government seeking relaxation on gold import curbs, Finance Minister Chidamabaram said that no such move is possible until the country's current account deficit comes under control.<br /><br />
The low-cost carrier has announced a 30-day advance purchase scheme on domestic flights. According to a circular to travel agents, the Jet Konnect scheme is valid for sale on Thursday and Friday with travel up to April 15, like the offer of most other airlines.<br /><br />
A top Finance Ministry official today favoured free ATM services as existing now, saying if they are priced, customers could flock to bank counters which is more expensive than running the money dispensing machines.<br /><br />
The long-term outlook for India is also positive, with investors expecting the country to be among the world's top three growth economies, and among top three manufacturing destination by 2020.<br /><br />
Ahluwalia said that emerging markets would need to focus more on FDI and bonds among other measures to make up for the fall in bank credit.<br /><br />
The key highlight was the DCGI approval for our biosimilar Trastuzumab, which paved the way for its commercial launch in India as CANMAb.<br /><br />
With global retailers expanding their presence in India, organized retail supply in 2013 witnessed a strong year-on-year growth of about 78 percent, says a new report
Rajan believes that the RBI should be concentrating on controlling inflation, instead of trying to do too many things at the same time.
Despite these dropouts, Indian delegation still runs into about 125 business and political leaders, which makes India's presence fourth largest after the US, UK and the host country Switzerland.<br /><br />
AirAsia has partnered with Tata group and Arun Bhatia-led Telstra Tradeplace for AirAsia India, which is looking to run low-cost passenger airline service in the country.<br /><br />