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Reserve Bank rate cut will not hit depositors

SC junks Essar's plea challenging 2G court's jurisdiction

They had argued the charges against them belong to crimes listed under sections 120B and 420 of IPC and, therefore, they should be prosecuted in a magistrate's court

Isuzu bets on pick-up in truck market

It is setting up a green field facility at Sri City in Andhra Pradesh with an investment of Rs 3,000 cr, which will have an annual production capacity of 120,000 units

This October taking a Mumbai-Kathmandu flight will be a costly affair

Return tickets on the route are priced between Rs 50,000-60,000 owing to a rush of passengers in the festival season

PepperTap raises $36 mn from Snapdeal, Sequoia, SAIF Partners and others

Company in talks to raise another $20 mn

Sebi exempts 3 PSBs from open offer

Govt has decided to infuse funds in Dena Bank, Corporation Bank and Bank of India

RBI fires up bond market

50-bp rate cut takes bond yields near 26-month low

Will review small savings schemes to enable rate cut transmission: Jaitley

Banks have been reluctant to transmit the entire policy rate cut to borrowers as they want to keep their deposit rates attractive to match with those in small saving schemes

Street expects status quo on rates for FY16

Few economists expect a prolonged pause, which may extend even beyond the end of this financial year

RBI cut helps market fend off global slide

Sensex, Nifty gain as Asian markets tumble and FIIs sell shares worth Rs 1,100 cr

Domestic commodity shares melt on Glencore rout

BSE metal index fell 1.4% to close at 6,611

JPMorgan schemes' per-unit value drops 10% after split

Unit value of India Treasury Fund declines 7% while the India Short Term Income Fund loses over 13% on Monday

Infogain acquires Blue Star Infotech for Rs 180 cr

This acquisition will enable Infogain to expand its digital transformation offerings, particularly in the areas of cloud, mobility, SAP and analytics

IOB gets shareholders' nod to raise Rs 2,009 cr from govt

Bank to raise the money through preferential allotment

Revenue sharing for marginal fields will increase operators' risks: ICRA

However, the revenue sharing model will allow greater transparency and lower room for government interference, says the ratings agency

Hyderabad HC asks Telangana, AP to explain farmers' suicides

PILs have been filed by two NGOs against the alleged apathy being shown towards the farmers' issues by the respective governments

Tamil Nadu wants one year extension to implement National Food Security Act

Jayalalithaa also asked to maintain the level of food grain allocation to the state at the current levels

Odisha clears Rs 41,900-cr worth investments

The projects that got the nod include a mix of new as well as existing projects that proposed to ramp up their capacities

Vegetable oil imports to rise to 15 mn tonnes next year

India has been the world's largest importer of vegetable oil for the last several years

Endemol produces Big Brother China in India

The company says it will work towards growing India as a hub for outsourcing content production for South East Asian markets