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Business News

Hinduja Group Formally Acquires Iconic London Building

The heritage building at 57, Whitehall, close to the British Parliament and the Prime Minister's residence, covers 580,000 square feet spread over 7 floors connected by more than three km of corridors

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Oil Prices Fall On Huge Build In US Crude Stocks

US crude inventories rose by 9.9 million barrels last week, data from the American Petroleum Institute showed after Tuesday's settlement

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Compliance Window For Black Money Holders Is No Amnesty: Minister

Those with undisclosed income and assets are being provided a four-month window beginning June 1 to declare their wealth

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Rupee Gains 17 Paise, Stocks Offer Support

Overseas, the US dollar was trading mixed while the Japanese yen nursed broad losses in early Asian trade after encouraging US factory and construction data

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How 52 Million May Depend On Rural Jobs Plan For 20 Years

The absolute number of poor as well as the proportion of poor below the poverty line (according to the Tendulkar poverty line) has been declining over two decades

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Impact For Individual Tax Payers

To promote affordable housing, it has been proposed to increase the deduction of rent from the existing limit of Rs 24,000 to Rs 60,000 per annum.

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Manufacturing PMI Unchanged In Feb At 51.1, New Orders Pace Up

India’s manufacturing growth remained unchanged in February following price reductions even as new orders registered the strongest upturn since last September, says a Nikkei survey.

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RBI May Go For 25 Basis Points Rate Cut: HSBC

The Reserve Bank is likely to continue with its accommodative stance and may go for a 25 basis points rate cut, an HSBC report says.

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India's 2016-17 Budget 'In Line' With Current Rating: Moody's Analyst

The comments come even after Jaitley stuck to a fiscal deficit target of 3.5 per cent of gross domestic product for the 2016/17 year, sparking gains in bond markets.

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Hyundai To Develop Mini Electric Car, Electric Scooter

The plan is part of Hyundai's future mobility project IONIQ unveiled by the automaker's heir apparent and vice chairman Chung Eui-sun at the Geneva auto show on Tuesday

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