Business
Fair trade regulator Competition Commission has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices. The Director General, the investigation arm of the Competition Commission of India (CCI), is probing the issue. Without divulging specific details,…
Outsourcing company iGate Corp on Tuesday sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate and alleged sexual harassment. Murthy, who was replaced with immediate effect by interim CEO Gerhard Watzinger, was forced to quit…
20 May 2013
4G to debut in Shanghai next month
Beijing: 4G services, which provide mobile users with internet access up to 50 times faster than the current 3G network, will be launched in Shanghai next month when the China Mobile company begins large-scale trials. The fourth generation of mobile…
New Delhi: Indian mobile telephone companies have come a long way and no longer perceive lowering prices and increasing subscribers as tools for survival. To ensure their sustenance, telecom players in India are slowly hiking call rates and doing away…
NEW DELHI: Income Tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is…
A private insurance company has been directed by the Delhi High Court to pay more than Rs 46 lakh to the family member of a goldsmith who had died in a road accident here. The High Court upheld a Motor…
New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have…
New Delhi: Rolling down gold prices dropped to one-month low by losing Rs 500 to Rs 26,800 per 10 grams in the national capital Thursday on heavy selling by stockists driven by weak global trend. This fall was in continuation…
15 May 2013
Gold price suffers second biggest fall this year
New Delhi: Gold on Wednesday witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend. Silver prices followed suit and dropped by a massive Rs 800…
15 May 2013
Vodafone launches international roaming pack
New Delhi: Vodafone India on Tuesday introduced an international roaming pack for its customers offering over 90 percent discount on data and approximately 64 percent discount on calls while travelling across 45 countries, including the US and the UK. The…
14 May 2013
SEBI begins repayment process in Sahara case
New Delhi: In the high profile Sahara case involving over Rs 24,000 crore raised through "various illegalities", market regulator SEBI has begun the process of refund to individual investors who have been verified by it. The money is being refunded…
Providing relief to common man as well as policymakers, softening food prices pulled down inflation to over three year low of 4.89 per cent in April, giving RBI space to further ease interest rates. Declining for the third straight month,…
