Businessfinance

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Jaitley at it again, says economy will get boost if RBI cuts interest rates
Economy

Jaitley at it again, says economy will get boost if RBI cuts interest rates

Pitching for a rate cut by RBI, Finance Minister Arun Jaitley today said lower cost of capital will give a "good fillip" to the economy.

Jaitley at it again, says economy will get boost if RBI cuts interest rates
Economy

Jaitley at it again, says economy will get boost if RBI cuts interest rates

Pitching for a rate cut by RBI, Finance Minister Arun Jaitley today said lower cost of capital will give a "good fillip" to the economy.

JSW Energy, JP Power shares soar on Rs 9700 crore power deal
Corporate

JSW Energy, JP Power shares soar on Rs 9700 crore power deal

Shares of JSW Energy were trading 12.1 percent higher in afternoon trade, while Jaiprakash Power Ventures was up 3 percent after the former agreed to acquire 100 percent stake in Himachal Baspa Power Company from Jaiprakash Power Ventures for a base enterprise value of approximately Rs 9,700 crore.

HDFC Bank finally gets FIPB approval to hike foreign investment to 74%
Corporate

HDFC Bank finally gets FIPB approval to hike foreign investment to 74%

The FIPB today cleared the long- pending proposal of HDFC Bank to hike foreign holding in the<br /> bank to 74 per cent.

Vodafone withdraws Unified Licence plea from Delhi HC alleging arm-twisting
Corporate

Vodafone withdraws Unified Licence plea from Delhi HC alleging arm-twisting

Vodafone today withdrew from theDelhi High Court its plea alleging the Centre is indulging in"arm-twisting" and "coercive" tactics by refusing to sign itsunified licence (UL) till the telecom major unconditionallyaccepts the "restrictive" clauses in the licence.

Rupee down 17 paise, hits 1-month low
Biztech

Rupee down 17 paise, hits 1-month low

The Indian rupee today fell for the second day and depreciated by 17 paise to end at nearly<br /> one-month low of 61.72 against the greenback on sustained dollar demand even as local stock indices surged to new highs.

Tata Motors Q2 profit at Rs 3,291 cr misses estimates as domestic woes continue
Corporate

Tata Motors Q2 profit at Rs 3,291 cr misses estimates as domestic woes continue

Tata Motors Ltd, India's biggest automaker by revenue, on Friday reported a 7.1 percent drop in its second quarter profit, missing analysts estimate after weaker sales in its domestic business.

I couldn't create open, flat, transparent group: Ratan Tata
Business

I couldn't create open, flat, transparent group: Ratan Tata

Tata, however, hoped that he would be able to pass on the legacy to successfully move ahead without compromising value system and ethics.

3G roaming pacts hold key to viability of services
Business

3G roaming pacts hold key to viability of services

If 3G roaming pacts are finally deemed invalid, telcos are going to find it difficult to expand the market for high-volume data services

PE deals lose $3.6 bn in value so far in 2012: E&Y
Business

PE deals lose $3.6 bn in value so far in 2012: E&Y

Private equity players exited from as many as 53 investments in the first six months of this year as against 42 in the year-ago period.

Cabinet may decide on IT, electronics policies next week
Business

Cabinet may decide on IT, electronics policies next week

The Draft National Policy on IT envisages increasing revenues of IT and IT-enabled services industry from $88 billion at present to $300 billion by 2020.

Foreign client complaints rise at Swiss banks: Ombudsman
Economy

Foreign client complaints rise at Swiss banks: Ombudsman

Swiss banks recorded an increase in the number of complaints from their foreign customers in 2011, although the number of their total customer complaints declined, Switzerland's banking ombudsman said today.

Nitish's growth drive: Zooming vehicle sales in booming Bihar
Politics

Nitish's growth drive: Zooming vehicle sales in booming Bihar

Good roads, improved law and order and good governance help Bihar’s growth momentum going.

See Re regaining 50 level by March: Crisil
Economy

See Re regaining 50 level by March: Crisil

Crisil said the recent fall in the rupee is characterised by higher impact of the country's rising vulnerability and relatively lower impact of external shocks.

Eurozone unemployment hits new record, rises to 11% in May
Economy

Eurozone unemployment hits new record, rises to 11% in May

Unemployment in the 17-country euro currency bloc hit another record in May as the continent teetered on the edge of recession because of its crippling financial crisis.

Only govt investment in infra can save realty: CBRE
Economy

Only govt investment in infra can save realty: CBRE

Firstpost spoke to Anshuman Magazine, Chairman and Managing Director of property consultancy firm CBRE on the issues plaguing the sector.

Kingfisher pilots go on strike; 4 flights cancelled from Mumbai
Business

Kingfisher pilots go on strike; 4 flights cancelled from Mumbai

A section of pilots of the near-bankrupt Kingfisher Airlines went on strike on Sunday to protest against non-payment of salaries for the past five months.

World Bank cancels $1.2 bn loan for B'desh bridge
India

World Bank cancels $1.2 bn loan for B'desh bridge

The World Bank today scrapped a$1.2 billion loan deal with Bangladesh for constructing a major multipurpose bridge, citing a "high-level corruption" in the project.

Rupee posts biggest daily gain 3 years as risk assets rally
Economy

Rupee posts biggest daily gain 3 years as risk assets rally

This happened after the government confirmed it will not impose retroactive taxes on foreign investors and as global risk asset rallied.

'NCR, Mumbai will account for 60-70% of land deals this yr'
Business

'NCR, Mumbai will account for 60-70% of land deals this yr'

Hit by a demand slump in the residential sector, India is likely to witness around 25 percent decline in land deals to around Rs 15,000 crore, realty consultant Cushman & Wakefield said on Thursday.<br /><br />