Business

Only 3,269 megawatts of capacity has been operationalised so far out of the overall plans for 38,039 MW across the country.

With Unitech defaulting on loan repayment, housing finance major HDFC on Saturday said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).

The announcement of the Chennai-based company's 25th customer in Australia was made on Tuesday in Melbourne in presence of Victorian Parliamentary Secretary for Treasury and Finance Daniel Mulino and Indian Consul general Manika Jain.

The rupee on Friday breached the 67 mark to end at over three-month low level of 67.25 against the US currency on fears of capital outflows amid resurgent dollar overseas.

Gold prices came off a three-year high by plunging Rs 600 to Rs 31,150 per 10 grams on Thursday, hit hard by big fall in demand from jewellers amid profit-booking by stockists, but the metal firmed up overseas.

A shortage of new denomination notes of Rs 5,00 and Rs 2,000 as being witnessed in various bank branches is purely a re-distribution issue concerning bank branches and the Reserve Bank of India (RBI) had issued enough new notes to the banks already, an RB...

The rupee strengthened by 9 paise to quote at fresh two-month high of 66.34 against the US dollar in early trade today on increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.

The rupee recouped its early losses to close with sharp gain of 19 paise at two-month high of 66.43 against the dollar on Wednesday even as stock markets plunged after government's drive against black money and Donald Trump's win in the US presidential po...

Rupee plummeted by 23 paise to 66.85 against the US dollar in early trade on Wednesday on the government's surprise move to ban Rs 500 and Rs 1,000 currency notes in a bid to curb black money.

Sensex on Tuesday closed over 132 points higher at 27,591.14 and Nifty reclaimed the 8,500-mark as buying activity gathered momentum towards the fag-end on positive global sentiments, with investors expecting Hillary Clinton to emerge victorious in the US...

BJP MP Subramanian Swamy has demanded constitution of a multi-agency SIT to probe allegations of "certain fraudulent transactions" in Air Asia levelled by Cyrus Mistry following his removal as chairman of the Tata Group.

Tata group stocks on Friday bounced back after three days of continuous decline, closing the day with up to 6 per cent gains on buying at lower levels.

The stock market on Thursday moved without a clear direction, but some signs of revival in corporate earnings meant the benchmark Sensex wiped out early losses to end with a paltry gain of 79 points.

India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little or no improvement in dealing with construction permits, getting credit and other parameters.

"They have pleaded to be heard before the court passes any interim order like stay on Mistry's sacking," a source said.

Inter-ministerial body FIPB will this week take up 19 foreign investment proposals, including those of Dr Reddy's Laboratories and JC Decaux Advertising.