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Business News

Oil Prices Rebound From Sharp Selloff; More Volatility Expected

Prices were supported by comments from Iran's oil minister that Tehran is ready to negotiate with Saudi Arabia over the current conditions in global oil markets

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India's Milk Production Reaches 146.31 Million Tonnes

Even though India is number one in milk production, productivity per animal is far less than the average in developed dairy nations

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Congress On GDP Projections: Modi Encouraging Financial Jugglery

With farmers in distress due to drought, exports in decline and job growth stagnant, many experts have questioned validity of government data

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Sensex Down 160 Points On Weak Global Cues

The rupee depreciates 6 paise to 67.96 against the US dollar, sustained capital outflows weigh on the domestic unit

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Dollar Near Three-And-A-Half Month Lows Amid Doubts Over European Banks' Health

The dollar's fall has been most notable against the yen, which had been depressed at low levels over a long period because of the Bank of Japan's aggressive monetary easing since 2013

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Indian Smartphone Market Maturing, Dip In Sales Likely: Survey

Smartphone shipments in India grew 23.3 per cent to touch 100 million units in 2015 compared to 81.1 million in the previous year

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Essar Oil Says Rosneft Stake Buy In Advanced Due Diligence

Rosneft signed a preliminary deal in July last year to acquire up to 49 per cent in Essar Oil, controlled by the Indian billionaire Ruia brothers

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Bad Loan Clean-up Takes Toll On State Banks' Earnings

Four state-run banks report a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by RBI, sending three of them to net losses for the fiscal third quarter

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Bihar Govt Approves Metro Project For Patna

The Metro rail project for Patna will be completed in five years at an estimated cost of Rs 16,960 crore

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Differential Data Pricing Plainly Not Acceptable: Ravi Shankar Prasad

The minister says the government led by Prime Minister Narendra Modi fully respects the freedom of expression and discourse on social media and Internet

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