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Business

RBI raises policy rates; no hike in interest rates for now

MUMBAI: The Reserve Bank today raised key short-term policy rates by 25 basis points, in an unscheduled announcement, to tame…

To lure farmers, Goa Agriculture promotes farming machines

PANAJI: To help farmers solve their labour problems, the Goa Agriculture Department has introduced mechanized farming on a trial and…

‘Cut private bank CEOs salaries on poor showing’

MUMBAI: Aiming to discipline the financial sector, the Reserve Bank today proposed slashing salaries of CEOs and directors of private…

HSBC acquires RBS $1.8b retail, commercial biz in India

NEW DELHI: The Hongkong and Shanghai Banking Corporation today said it will acquire Royal Bank of Scotland’s Indian retail and…

Anil Ambani group firms RNRL and Reliance Power to merge

NEW DELHI: With much of its relevance lost as a business entity after the signing of a gas supply deal…

Sensex sheds 48 points as FIIs look for safe havens

MUMBAI: The BSE benchmark Sensex dropped for the second straight session today and ended 48 points down as investors preferred…

Air fares have risen with 10% service tax

NEW DELHI: Domestic and international air fares have been hiked effective July 1 by Rs 103 and Rs 515, respectively…

Fortis plans to broaden its specialities in Goa

PANAJI: Fortis Hospitals, believed to be Asia’s biggest healthcare group and the fourth largest in the world, has now merged…

BK Birla to continue as chairman of the group

KOLKATA: Basant Kumar Birla Thursday confirmed that he would continue to be the chairman of the B.K. Birla Group of…

UAE group to bring affordable healthcare to smaller Indian cities

WASHINGTON: A prominent woman-owned hospital group in the United Arab Emirates, begun by a woman who moved there from Nagpur,…