India Business

India Business

SBI, ICICI Bank reduce lending rates

A representative picture   India's two top lenders, State Bank of India (SBI) and ICICI Bank, have announced a cut of 0.15 per cent and 0.10...

Mukesh Ambani keeps salary capped at Rs 15 cr for 11th yr in a...

Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year...

Flipkart deal good for India, says Walmart CEO

World's largest retailer Walmart Inc today tried to assuage concerns around its USD 16 billion takeover of Flipkart, saying the deal is good for...

India car sales shrink for first time in decade

INDIA’S passenger car sales shrank for the first time in a decade, falling 6.7 per cent in the year to March, hit by a...

IT stocks make smart recovery in early trade

HAVING borne the brunt of the acute selling pressure prevailing in the stock market over the past few trading sessions, IT stocks led by...

25 yrs ago World Bank debated on investing in telephone poles in India’

About a quarter century ago there was a heated debate inside the World Bank if it should invest in telephone poles in India, the...

China, India sales pump up Coca-Cola profits

US BEVERAGE giant Coca-Cola yesterday said net profit jumped 55 per cent in the fourth quarter, lifted by sales volume growth in China, India...

Toppled tycoon who built India’s first ‘smart’ city

IT WAS, by his own account, a chance encounter with a scion of the Gandhi political dynasty that turned former soldier Kushal Pal Singh...

Royal Enfield to expand after Obama thumbs-up

FRESH from an endorsement by US President Barack Obama, India's motorcycle manufacturer Royal Enfield announced it was speeding up expansion and production to meet...

Indians disclose $10 billion in hidden wealth in tax evasion amnesty

A government amnesty targeting tax evasion in India has prompted tens of thousands of suspected tax dodgers to disclose nearly $10 billion in undeclared...