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Hitachi to invest Rs 4,700 cr in India by 2016

Rethinking power equipment plan with BGR but also looking at nuclear power, metro rail, monorail and DFCC as opportunities

India's median per capita income lowest among BRICS: Gallup

Median means half respondents involved in research get income less than $616

SBI's advance tax payment down 33% at Rs 1,130 cr

RIL is likely to pay Rs 1,600 cr of advance tax, compared with Rs 1,535 cr for the corresponding quarter last year: reports

Jalan panel holds 2nd meet to shortlist bank licence awardees

The panel is contacting different agencies such as CVO and CBI to do background check on all the applicants

Banking sector to stay under pressure in 2014: Fitch

Report says stressed asset level to peak at 15% in 2014-15

IDBI Bank hikes ceiling on MTN borrowing to $5 bn

Fitch assigns investment grade rating of "BBB-"

Cellular operators call for flat SUC

COAI said Trai had very clearly and unambiguously advocated the principle of uniform spectrum usage charges

Govt defends stand at WTO

Inflation marks Assembly polls

Congress' defeat likely linked to high and unrelenting rate of price rise

Tech institutes get 15 more days to respond to UGC

Earlier this month, UGC drafted guidelines for approval of new courses, setting up of new technical institutions

Took tough decisions, let go of talent: Walmart

Sources estimated the number of employees asked to leave due to downsizing at about 100

New GSM users: Airtel, Aircel top in November

Airtel adds 1.7 mn subscribers while Aircel's users increased by 1.5 mn

Akhil Gupta steps down as Blackstone India MD

Gupta will continue with Blackstone India as non-executive chairman

Cabinet to decide on resource utilisation under Nirbhaya Fund

The home ministry has proposed integration of the police administration with the mobile phone network to trace and respond to distress calls with minimum response time

Dense fog hits operations at Delhi airport, flights delayed

Fog started enveloping the airport early on Monday morning, and thickened around 6.30 am

Nokia's Lumia 1520 launched at Rs 46,999

Company to focus more on services or experiences like mapping, imaging and music

New power rate regulations could hit companies: CRISIL

However, the draft guidelines will not weaken credit profiles of these companies

Selvakesari is Citi's Asean consumer banking head

Appoints Kartik Kaushik as deputy head of consumer banking in India

Rural job scheme gets poll makeover

MSME ministry to train 4.2 mn in 12th Plan

The ministry has targeted the creation of over 100 new enterprises per district every year under the PMEGP in all the 650 districts of the country