Mumbai: Amid growing clamour from banks to charge customers for transactions at ATMs to make them economically viable, RBI Deputy Governor K C Chakrabarty today said the regulator will have no objections if the lenders charge "reasonable fee" for such services. "If banks charge a reasonable fee o

New Delhi: The price of non-subsidised cooking gas (LPG), which customers buy after consuming their quota of subsidised cylinders, was hiked by a steep Rs. 220 per bottle on Wednesday on firming international rates. The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bo

It had been inching towards this for a while. India has now arrived in the high-value online shopping arena. Diamond jewellery isn't the priciest purchase you can make online any more — cars, real estate and houses are. After maturing as a platform for people to buy small products like books or ele

Ban on iron ore mining in Goa and Karnataka is not only hurting the economy but has rendered as many as one lakh people jobless, Vedanta Resources chief Anil Agarwal said today. "Paralysis in iron ore mining is hurting industries and people sentiments, has put Goa and Karnataka economy in shamble

The lure of attractive salaries, quick promotions, foreign posting and job mobility attracted lakhs of young students to India's top outsourcers, making India the back office of the global IT requirements. Some of those charms faded over the last few years as the global economy saw sustained

With the upcoming elections and all sorts of political commentary being written on a daily basis, there seems to be a certain lurking element, that it seemingly going unnoticed by the mass media. Whether it is intentional or not, Indians are seemingly being blind-sighted by a phenomenon that

New Delhi: Debit card holders from December 1  are required to punch in their PIN numbers every time they make a transaction, a move aimed at minimising frauds. In June, the Reserve Bank of India (RBI) had extended the deadline for implementation of mandatory PIN punching at point-of-sales (P

Infosys founder NR Narayana Murthy, who returned back from retirement in June to once again lead the IT major, is working on a three-pronged strategy to improve the company's financial performance. Infosys is now aggressively focusing on large low-margin "bread and butter" IT deals it went sl

Despite the falling market share of Maruti Suzuki in the Indian market, chairman and chief executive officer of Suzuki Motor, Osama Suzuki says he is happy with where the company stands in India. Speaking on the sidelines of the Tokyo Motor Show, Mr Suzuki said that they are still evaluating

I am a citizen of three countries, have lived in four countries and eight homes, and can speak four languages semi fluently. I was born in India, spent five years in one country, 12 years in Canada and the USA, and finally made the move to India in 2008, where I have lived the large part over th

Etihad Airways today announced orders of around 200 aircraft worth over $52 billion at the Dubai Airshow. Abu Dhabi-based airline a firm order for 87 Airbus aircraft, plus purchase rights for a further 30, to support the global expansion of its operations.  The order represents an investment of u

With the two bus accidents back to back that shook the country's faith in Volvo, the automobile giant known for prioritizing safety and comfortability, the company has come out in open to re-instate the faith of people who use their product—buses. Akash Passey, senior vice president, Volvo Bus C

The Indian rupee has had a rough year so far. It hit a record low of 68.85 per dollar on August 28 before staging a dramatic recovery, which coincided with Raghuram Rajan taking over as the Reserve Bank governor. After a brief recovery, when it stabilized to 60-61 per dollar, the rupee is wit

CHENNAI: The need to differentiate themselves from rivals and engage with customers better is making retailers chant the do-it-yourself (DIY) mantra. So now, customers get to design their own clothes or create their own colours. The festive season saw apparel retailer Allen Solly introduce a

India's main stock index, the Sensex, has hit a record high, propelled by an increased inflow of foreign capital. The index reached 21,293.88 early on Friday, surpassing its previous high of 21,206 set during the stock market boom of 2008, before closing at 21,196.81. The rise marks a remarkable

NEW DELHI: Petrol price was today cut by Rs 1.15 a litre, the second reduction in rates in a month, while diesel prices were raised by 50 paise per litre. The price changes announced by oil companies are excluding local sales tax or VAT and will be effective midnight tonight, oil companies an

Riding an unprecedented buying frenzy, precious gold reclaimed the psychological Rs 32,000/10 gm mark at the domestic bullion market here amid swelling festive and wedding-related off-take. The industrial metal silver rebounded sharply on back of aggressive speculation buying coupled with fir

Karnataka, in general, and Bangalore, in particular, have become synonymous with information technology (IT) in the last couple of decades.  While much has been written about the strides made by the technopolis, little is known about the humble beginnings of an industrial estate for electroni