Business

Business

India bucks populist trend to raise railway fares

INDIA will raise railway passenger fares for the first time in eight years, snapping a populist trend to help mend the finances of a...

India’s car giant Maruti slips as competitors thrive

INDIA’S biggest auto maker Maruti Suzuki has said that its monthly sales for December fell 7.1 per cent year-on-year, further eroding its market share...

Rupee falls by 25 paise against dollar in opening trade

The rupee dropped sharply by 25 to 65.07 per dollar in early trade on Friday amid gains in the US currency in global markets....

India business awaits changes to Raj era labour laws

WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan's factory about two hours southwest of New Delhi is prospering. But...

Jaguar Land Rover announces CEO stepping down

STRUGGLING carmaker Jaguar Land Rover’s chief executive David Smith stepped down yesterday, the company said, after a breakdown in negotiations on workers’ pay and...

ArcelorMittal pulls French bid for EU steel project

A POLITICALLY charged deal between the French government and ArcelorMittal to preserve jobs at an ailing steelworks looked at risk of unravelling on Thursday...

New hope for Tata’s aviation ambition as India opens up

Officially at least, Ratan Tata, patriarch of one of India's wealthiest business families, retired in late 2012. In reality, he has been a driving...

“Speed money”” puts brake on India’s retail growth”

HONG-KONG entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.   Tainwala,...

India’s shares plunge 3.65 per cent to two-year low

INDIA’S leading share index of blue chip firms plunged 3.65 per cent to a two-year low due to growing concerns about high inflation, slowing...

HDFC raises NRE deposit rate to 9%

HDFC Bank, India’s No. 2 private lender, will raise interest rates on non-resident savings deposits to nine per cent from 3.82 per cent from...