The formation of a strong government at the centre which triggered a major revival in consumer sentiment in 2014 saw India rank first in the Credit Suisse Emerging Consumer Scorecard 2015. In the process, India unseated China, which was the leader in last
Serving a blow to borrowers, especially in the industrial sector, the Supreme Court upheld a 2004 amendment in law enabling banks to follow different guidelines for declaring bad loans as 'non-performing assets'.Noting that quick recovery of bad loans was
Jet Airways and IndiGo have come out with low fare offers to counter SpiceJet’s flash sale of 500,000 tickets and to stimulate demand. Jet Airways is offering all inclusive economy class return tickets starting Rs. 4459 in the Goa-Mumbai-Goa sector.
Following the government’s decision to disinvest 10 per cent shares of Coal India Limited’s (CIL), five central trade unions have announced protest demonstrations on Friday across the country. Representatives of the central trade unions had ea
In volatile trade Thursday, a benchmark index of Indian equities markets closed 123 points or 0.41 percent up, as investors were cautious after the US Fed assessed a strong economic recovery in the US.Profit-booking took a toll on the 30-scrip Sensitive I
Of the total number of active daily users, 745 million (84 per cent) logged in to Facebook through mobile devices. Facebook has exceeded analysts’ predictions with annual results of double the net profit posted by the company a year earlier —
Telecom stocks on Thursday fell up to 4 per cent after the government fixed a higher base price for 3G spectrum auction at Rs. 3,705 crore per mega hertz. Shares of Idea Cellular fell by 3.92 per cent to end at Rs. 159.50 on the BSE. During the day, the ...
Motorola which sells devices in India through e-commerce major Flipkart, currently sells three handsets in the country - Moto E, Moto G and Moto X in the market, beside a smartwatch, Moto 360. Motorola, the first company to take the online rou
UK’s development finance institution CDC has announced that it will make a direct investment of $25 million in Pristine Logistics which is developing, constructing and operating Greenfield rail freight terminals across northern, central and eastern
Housing Development Finance Corporation Limited (HDFC) on Thursday reported a net profit of Rs 1,425.49 crore for the quarter ended December 31, 2014, a growth of 12 per cent compared to Rs 1277.71 crore in the corresponding period of previous year. For