Business news

Bharti Airtel raises ISD rates up to 80 pct, Idea Cellular by 25 pct

Telecom major Bharti Airtel has increased international call rates by up to 80 per cent this month mainly due to the impact of depreciation in Indian rupee. Another leading operator Idea Cellular has also hiked international call rates by up to 25 per cent, according to the company's website.

How Indian men pushed Gillette to do things differently

New York: Procter & Gamble executives say it was striking the first time they witnessed a man shave while sitting barefoot on the floor in a tiny hut in India. The man had no electricity, no running water and no mirror. The 20 US-based executives observed the man in 2008 during one of the

Games and apps market to touch Rs 2,700 cr by 2016 in India

Mobile games and applications in India are expected to become a Rs. 2,700-crore market by 2016, driven by strong smartphone growth and expanding 3G user-base, a report by Avendus Capital said on Sunday. “The digital content market (other than caller ringback tones) in India has been sub-scale

Petrol price cut by Rs. 3.05 a litre, diesel price hiked by 50 paise

Petrol price on Monday was cut by Rs 3.05 per litre, the first reduction in rates in over five months and the steepest in over five years, while diesel prices were raised by 50 paise a litre. The price changes announced by oil companies are excluding local sales tax or VAT and will be effecti

Rupee at one-month high, up 161 paise to 61.77 vs dollar

MUMBAI: The US Federal Reserve's surprise decision on retaining its stimulus programme helped the rupee surge 161 paise on Thursday and end at a more than one-month high of 61.77 against the dollar. A sharp rise in local equities, capital inflows and fresh dollar sales by exporters and some b

5 hidden facts about CTC your employer won't tell

Campus placement is fashionable today. Students feel very proud and happy to share with others about their pay package. They think higher the pay package, higher will be their monthly salary. They just divide their package by 12 and calculate the monthly cash inflow and build their castle on it.

Rupee in 63 zone, sensex posts sharpest one-day rise in 4 yrs

  MUMBAI: The rupee gained 142 paise to appreciate to 63.83 and the sensex jumped 727 points (the highest one-day rise since the 2,111-points rise on May 18, 2009) to close three points short of the 20,000-mark as a series of positive developments sharply improved sentiment in the market

Air India hikes domestic fares up to 25%

NEW DELHI: Air India on Thursday hiked passenger fares up to 23-25 per cent on all domestic routes following a sharp increase in the price of air turbine fuel (ATF). It may also raise fares on international routes. "We have hiked fares by 23-25 per cent on all domestic routes. This has been d

India jewel in crown of Microsoft's Nokia buy

NEW DELHI: India could be a jewel in the crown in Microsoft's $7.2-billion buyout of Nokia's devices and services business as Finnish company's relatively healthier operations here and underlying growth potential will make it one of the most-promising market for the US tech giant. While Nokia

Rupee hits record low of 64.54

MUMBAI: The rupee closed below the 64 level for the first time on Wednesday with the currency ending the day at 64.04, 81 paise below its previous close of Rs 63.23 against the dollar. The British pound also created a new record closing above the 100 mark at 100.42 as against 99.03 yesterday. W

India gold demand up 71% in Q2

The unprecedented fall in gold prices in April this year led to a spike in demand for gold in India, with the April-June this year (Q2) demand at 310 tonnes, up 71 per cent from 181.1 tonnes in the corresponding period in 2012, according to World Gold Council (WGC) report. Further, a survey o

No domestic air traffic growth this year despite airfare cuts

A significant lowering of airfares has not led to any growth in domestic air traffic in the first six months of this year compared to the same period last year, though the travel trade hopes of an improvement from the busy winter season starting October. Air fares are almost 20 per cent lower

Tata to install 1,000 white label ATMs in Karnataka

Tata Communications Payment Solutions Limited (TCPSL), a subsidiary of Tata Communications (TCL), plans to deploy 1,000 white label ATMs in Karnataka over the next three years including 90 in Bangalore, under the brand name "Indicash". The CEO of TCPSL, Sanjeev Patel, while sharing the informat

Jet Airways offers 7 lakh tickets at low prices for a week

NEW DELHI: Airlines are cutting fares like never before to fill up planes in the ongoing lean travel season which will last till early October. On Saturday, Jet Airways put on sale a whopping 7 lakh domestic travel seats with fares starting at Rs 1,777. The sale will last till next Friday and

Samsung Electronics posts record profit

Samsung Electronics, the world's largest maker of smartphones, flat panels and TVs, posted a fresh record quarterly high of operating profit in the second quarter due to robust demand for its high-end smartphones and TVs, a regulatory filing showed Friday.  Operating profit jumped 47.5 percen

General Motors India recalls 1.14 lakh units of Tavera

In one of the largest vehicle recalls in India, General Motors India today said it is recalling 1.14 lakh units of its multi-purpose vehicle Chevrolet Tavera, manufactured between 2005 and 2013, to address emissions and specification issues. The company said it has informed the Indian governm

What Narayana Murthy is doing to get Infosys back on track

Infosys shares jumped on Friday after India's second biggest outsourcer beat estimates by posting higher revenues and retaining its full year sales guidance. What surprised analysts, however, was the magnitude of gains. Infosys surged as much as 15 per cent, it's biggest in almost three months.

IT returns: 7 incomes you shouldn't forget to declare

The idea of filing income tax would give many of us nightmares. With the last date for filing income tax soon approaching, most of us would have already begun the process of filing our returns. The due date for filing personal income-tax returns for the financial year 2012-13 is July 31, 2013.