Business
Indian IT companies among world's worst paymasters, Switzerland the best
While Indian IT managers drew an average salary of USD 41,213, Bulgaria topped the list with a meagre USD 25,680, followed by Vietnam and Thailand averaging at USD 30,938 and USD 34,423, respectively.
Sensex, Nifty end flat; metals slip, SBI & ONGC gain 1%
Technology, healthcare, oil and select banking & financials stocks drove the market higher. SBI, Axis Bank, ONGC, Vedanta, M&M and YES Bank topped the buying list, rising 1-2 percent.
Rupee tumbles by 36 paise to 2-year low at 66.82 against US dollar
Agam Gupta of StanChart Bank feels the USD-INR should open slightly higher near 66.60-66.65/dollar due to the negative sentiment in European and US stock markets.
RBI sets rupee reference rate at Rs 66.4003 against dollar
The rupee strengthened by 14 paise to 66.10 against the dollar in early trade on fresh selling of the US currency by exporters and banks.
CBDT asks officials not to pursue pending MAT cases
Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.
Oil prices extend losses in Asian trade
Oil prices extended losses in Asia on Wednesday as dealers digested weak US and Chinese manufacturing data, while expectations of a bearish US stockpiles report also weighed, analysts said.
Indian economy to remain the fastest growing for second straight quarter, offers hope as China struggles
India is expected to remain the fastest growing major economy for a second straight quarter.
Rupee marginally up at 66.02 against dollar in early trade
The rupee had recovered 10 paise to close at 66.04 against the US dollar at the Interbank Foreign Exchange on Thursday.
Make economy transparent, currency market-driven: US to China
During its meetings with Chinese officials, the US has consistently reinforced the message that the US would like to see China take additional steps to move more rapidly toward a market-determined exchange rate system.
Payments banks to change banking habits of Indians: Arun Jaitley
The proposed payments banks will change banking habits in the country as more and more people entering formal banking network would act as a "game-changer" for the economy, Finance Minister Arun Jaitley said on Friday.
SpiceJet offers discounted fares on 1,00,000-plus seats
The scheme will be available from August 20 to 22 midnight.
New payments banks won't pose any competitive threat to existing banks: Raghuram Rajan
RBI Governor Raghuram Rajan said that new payments banks would not pose any competitive threat to the existing banks and these new entities would rather serve as 'feeder' for the universal banks.
Rupee ends 4 paise higher at 65.27
The rupee fell by 9 paise to trade at two-year low of 65.40 against dollar at the Interbank Foreign Exchange market ton Wednesday as the US currency strengthened overseas.
Moody's lowers India growth forecast to 7% on monsoon concerns
On Tuesday, rating agency Moody's Investors Service lowered India's growth forecast to 7 per cent for 2015, from 7.5 per cent projected earlier, citing monsoon concerns and cautioned that further risks to growth stems from slow pace of reforms.
Sensex tanks 236 points, Nifty ends at 8462
The market opened higher but soon turned flat. The Sensex is down 8.29 points at 28093.43, and the Nifty is down 8.80 points at 8516.80.
Rupee ends 6 paise down at 63.87 against US dollar
The domestic currency had lost 13 paise, or 0.20 per cent, in last four trading days.
