Telecom subscriber base in India grew by 1.29%, with addition of 11.3 million subscribers during the month of June taking the total number of users in the country to 885.99 million, according to Trai report released today.
In an interview on CNBC-TV18, former finance secretary S Narayan discusses the impact of the US downgrade on the Indian economy.
Worried over the fallout of the US debt problems on the Indian economy, industry today demanded another stimulus package to boost domestic demand and investments amidst signs of slowdown in industrial growth.
In a move that sent jitters to global markets, Standard & Poor's cut US rating to AA+ from triple-A late last week. "The political system in US is not as strong as earlier. Also, the government there proactively failed to take measures on the economy. A debate on US debt cap exposed weakening US political system," the rating agency said.
India's software services sector, which gets more than half of its revenue from the United States, is unlikely to be affected in the near-term after the US sovereign debt rating downgrade by Standard & Poor's, a leading IT industry lobby group said.
Iran has received 1 billion euros (USD 1.4 billion) from India in the last 10 days for long overdue oil debts, indicating the likely end of a sanctions-related problem that had blocked payments all year, an Iranian official said on Monday.
Exports growth is expected to slow down from August-September on lingering uncertainties in the United States and the eurozone, Trade Secretary Rahul Khullar said on Monday.
Policymakers on Monday rushed to calm jittery investors, pledging to take necessary steps to weather a new bout of global economic uncertainty stoked by US and eurozone sovereign debt worries, helping shares pare their losses.
From a modest beginning in the accounts department in 1981, Keki Mistry has gone on to become the vice-chairman and chief executive of HDFC. A glance at his journey at HDFC through the years.
The technology sector was the worst hit in trade today, but IT majors are not ready to press the panic button just yet.
Anil Agarwal's Vedanta Resources' subsidiary Sesa Goa today said it may start sending iron ore consignments from its newly-acquired company at Liberia by 2014.
Faced with the brand image loss and allegations that HCL Technologies participated in deletion of email data in the News Corp phone hacking case, HCL Tech may now look to review its contract with News Corp ahead of 2014 contract expiry, reports CNBC-TV18's Kritika Saxena quoting sources.
Information Technology and media firm Accel today said it has acquired the 51% stake held by British Telecom for Rs 49.9 crore to become a majority shareholder in Accel Frontline Ltd.
Public sector lender IDBI Bank may go for equity base expansion in the next financial year, a top bank official said today.
Public Accounts Committee (PAC) of Maharashtra Legislature has recommended that Tata Power, after fulfilling its needs, should make available surplus electricity to Mumbai consumers instead of selling it outside the state.
Shriram City Union Finance (SCUF), a Chennai-based non-banking finance company (NBFC), is planning to raise Rs 750 crore through retail non-convertible debentures (NCDs). With a face value of Rs 1,000 each, the public issue is offering 12.10% per annum for five year.
India's No.3 steelmaker JSW Steel said on Monday it plans to raise production at its plant in southern Karnataka state after the country's top court partially lifted an iron ore mining ban imposed in a key region of the state.
State oil firms suffered a loss of over Rs 78,000 crore in 2010-11 fiscal on selling petrol, diesel and domestic LPG at government controlled rates even as the nation's oil import bill spiralled three fold.
Telecom services provider Vodafone Essar is looking to set India-specific greenhouse gas emission mitigation targets for itself as part of an initiative to reduce its carbon footprint by 20% globally by 2015.
Speaking to CNBC-TV18 in an exclusive interview, RK Goyal, managing director, Kalyani Steel says that it is imperative that more mines are given permission to go ahead with mining activities. "Otherwise, it will be a very big setback for us as well as whole of steel industry," he says.
The Micro, Small and Medium Enterprises (MSME) Ministry will network with major private equity players to encourage capital infusion in small and medium units, the backbone of the Indian industry.
JSW Steel today said it will operate its steel units in Karnataka's Vijayanagar district and Tamil Nadu's Salem at around 80 per cent of their design capacity of 11 million tonnes per annum due to a shortage of iron ore.
India's tea production rose by 10% to 114.70 million kg during June, 2011, on the back of higher output in Assam and West Bengal.
Over 125 textile mills providing employment to 41,118 people have been shut down in the past three years on account of restrictions on cotton yarn exports and piling up of huge inventories, Parliament was informed today.
Close on the heels of its workers' unions calling off a three-day strike to press their demand for a wage hike, Coal India Ltd (CIL) today said negotiations with the employees were underway and a decision on the salary increase is expected in another six months.