Business News Headlines

Telcos slash call rates to Nepal

New Delhi , April 25

Aiming to lend a helping hand to the people affected by the massive earthquake that hit Nepal on Saturday, telecom service providers in India have slashed their call rates or made it free.

Board of directors composition of major companies below accepted norm

Kolkata , April 25

Although the framework of Indian corporate governance has been ranked as one of the best in the world, the composition of board of directors for major companies listed on the National Stock Exchange (NSE) is below accepted norms, an official said on Saturday.

SpiceJet says full refund, re-scheduling for Kathmandu flights

New Delhi , April 25

Budget carrier Spice Jet on Saturday said it will not only offer full refund to passengers booked on their flights to Kathmandu, but also allow them an option for re-scheduling as and when operations resume to the Nepalese capital.

Gold sales to rise 25 percent on Akshaya Tritiya

New Delhi/Mumbai/Chennai/Bengaluru/Kolkata , April 21

To usher in good luck in their lives on the occasion of Akshaya Tritiya, buyers have already started trickling in at various jewellery shops on Tuesday and retailers expect sales to be higher by 25 percent over a usual day.

India's foreign exchange reserves at record high of $343 bn

New Delhi , April 24

India's foreign exchange reserves touched a record high of $343.2 billion for the week ended April 17, the Reserve Bank of India's data showed on Friday.

Infrastructure development key focus of NDA government

Kolkata , April 25

Infrastructure development which will lead to economic growth is a key focus for the Narendra Modi-led NDA government at the Centre, Minister of State for Finance Jayant Sinha said here on Saturday.

UltraTech Cement posts lower profit in FY15

Chennai , April 25

Cement major UltraTech Cement Ltd closed last fiscal with a net profit of Rs.2,015 crore, down from Rs.2,144 crore net profit earned during the previous fiscal, the company said on Saturday.

Services push must to create jobs: Jaitley

New Delhi , April 25

India has the means and the potential to become a global hub for services with competitive pricing, and become a major source of job creation for millions of youth in the country, Finance Minister Arun Jaitley said here on Saturday.

UP ends VAT on solar power appliances

Lucknow , April 24

Uttar Pradesh Chief Minister Akhilesh Yadav on Friday announced the end of Value Added Tax (VAT) on solar power appliances in the state.

Jaitley holds meet to recast new tax return forms

New Delhi , April 24

Finance Minister on Friday met key industry representatives for their inputs on modifying the norms and the forms for filing returns but gave no assurances on when the exercise will be completed.