The rupee on Monday lost 22 paise to close at one-week low of 54.99 against the dollar due to month—end demand for the US currency from importers, ending calendar year 2012 with a total loss of 189 paise. Forex dealers said a firm dollar overseas also weighed on the rupee. The local currency c

Mumbai: Cyrus Mistry, who will take over the reign of the $100-billion Tata Group from Ratan Tata on Friday has a difficult act to follow, feel experts. Mistry is the second person from outside the Tata family to hold this position. “Mr Ratan Tata, who ran the company for 20 years, has transfo

Mid-sized IT firms like Mindtree, Hexaware, Infotech Enterprises see worrying signs in 2013 BANGALORE: After a year of growing faster than the big boys, India's medium-sized software services exporters are looking at a tougher, slower year ahead even as they wait for economic revival in their large

The rupee on Thursday strengthened by 11 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange, aided by selling of the American currency by exporters and banks and strong capital inflows. Besides, a higher opening in the domestic equity market and continued capita

NEW DELHI: Flat IT budgets and uncertain macro environment may continue to challenge the Indian  IT-BPO industry, but as technology becomes more central to everyday lives of consumers and corporate alike, 2013 promises to be a good year for the $100 billion sector. Post the 2008 global financial

New Delhi, Dec 19 (IANS) Only 3.5 crore people, or 2.89 percent of the country's total population of more than 121 crore, file income tax return in India, Finance Minister P. Chidambaram said Wednesday. Addressing the 5th meeting of the parliamentary consultative committee attached to his ministr

Amid global slowdown impacting India as well, Prime Minister Manmohan Singh on Saturday said the government is committed to do everything to put economy back on a high growth path of 8-9 per cent. “The steps we have taken recently are only the beginning of the process to revive our economy and ta

[caption id="attachment_16698" align="aligncenter" width="550"] Azzam Shalabi, president of Industrial Clusters program and Ralf Speth, CEO of Jaguar Land Rover Company, sign the agreement in the presence of Commerce and Industry Minister Tawfiq Al-Rabiah in Riyadh. (AN Photo by Khalid Al-Masry)[/ca

Withdrawal of support to government by an ‘obstinate coalition partner’ and flurry of reforms have improved India’s growth prospects in 2013, said global rating agency Moody’s on Tuesday. “...(growth prospects have improved) with a new finance minister, the withdrawal of an obstinate coalition pa

Government does not intend to change the policy to auction spectrum for mobile phone operators, Telecom Minister Kapil Sibal told the Lok Sabha on Wednesday. “We do not intend to change the policy (of auction of spectrum),” Mr. Sibal said in reply to questions on whether the government would retu

MUMBAI, November 30, 2012  The rupee strengthened by 36 paise to 54.48 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on selling of American currency by exporters and banks. Besides, a higher opening in the domestic equity market and strengthening of the euro

[gallery link="file" columns="2"] New Delhi - A breakthrough in the four-day-old parliamentary gridlock seemed in sight with the United Progressive Alliance (UPA) government, now confident of its numbers, indicating that it was even prepared to debate FDI in multi-brand retail under a rule that m

PUNE (PTI) :Government will launch the payout of direct cash subsidy to people through the Aadhaar based system in 51 districts of the country from January 1, Finance Minister P Chidambaram said today. He said the government intends to complete roll out of the direct cash transfer through the Aad

MUMBAI, November 21, 2012:The rupee on Wednesday lost 2 paise to close at two-and-a-half month low of 55.12 against the dollar amid strong demand for the US currency. Dealers said firm local equities amid sustained capital inflows limited the rupee’s fall. A firm dollar overseas dampened the rupe

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Social networking site Facebook anticipates its mobile users growth to outpace PC users growth in "foreseeable" future largely on the back of India, Brazil and the US. The networking giant has, however, failed to cash in on the growing mobile user base so far. Facebook, in a filing with Securiti

New Delhi: In signs of improved labor market conditions, hiring activities picked up marginally in October, boosted by banking and BPO sectors, says a survey. The uptick in hiring in October came after three consecutive months of decline, according to job portal Naukri.com. "Hiring activity fo

Ailing Kingfisher Airlines (KING.NS) needs to raise or commit at least $1 billion by November 30, the chairman of State Bank of India told reporters on Wednesday, adding that lenders are not looking at liquidating the carrier's assets as of now. The bank is the leader of a 17-bank consortium, whi