Business

India may soon displace China as Silicon Valley’s next frontier, a leading American daily has said, days after Prime Minister Narendra Modi visited the headquarters of technology giants Tesla, Facebook and Google. “China may be a Silicon Valley obsession, but India increasingly is in the conversation and may soon displace its Asian neighbour as tech’s […]

Reserve Bank Governor Raghuram Rajan today sprang a surprise by effecting a more-than-expected interest rate cut of half a percent to boost the economy and bring down cost of home, consumer and industry loans, a decision that was matched by MARKET leader SBI slashing lending rate by 0.4 per cent. Leading private bank ICICI and […]

Google will soon help India set up base for free Wi-Fi at 500 railway stations while Microsoft will take low-cost broadband technology to some five lakh villages across that country as part of five key announcements made during the meeting the US top tech titans had with Prime Minister Narendra Modi. As the who’s who […]

Prime Minister Narendra Modi, who arrived here today on his second visit to the US, has a “packed schedule” ahead of him, during which he will address world leaders at a landmark UN sustainable development summit and interact with top CEOs and the Indian diaspora in the Silicon Valley. During his stay in the financial […]

Days before Reserve Bank Governor Raghuram Rajan unveils his bi-monthly monetary policy, Finance Minister Arun Jaitley on Monday asserted common sense says the interest rates should come down. Jaitley said inflation is “very much under control” and the country is better prepared than most emerging economies to weather the global economic turbulence. “Common sense says […]

Making a strong case for rate cut by RBI later this month, Finance Minister Arun Jaitley today said monetary policy plays an important role in stimulating growth and is hopeful that it will appropriately act with a sense of responsibility on this front. RBI Governor Raghuram Rajan is scheduled to announce his next monetary policy […]

Markets gained for the second day as the benchmark BSE Sensex rallied 255 points to close at nearly three-week high of 26,218.91 while the NSE Nifty hit the 8,000-level on rate cut hopes after the US Fed decided to hold off on raising rates. Furthermore, the rupee rebounding 74 paise to 65.72 against the dollar […]

Promising more reforms, Finance Minister Arun Jaitley on Thursday said efforts are being made to “put to sleep” pending taxation issues to attract investments and make fundamentals of the economy sound so that it can withstand the global turmoil. Addressing a gathering of industry leaders at the India Economic Convention 2015, the Minister said a […]