IBM estimates that 90 per cent of all data generated by mobile and “smart” devices is never analysed.
IBM estimates that 90 per cent of all data generated by mobile and “smart” devices is never analysed.

IBM to invest $3 billion in 'Internet of Things' unit

IBM is investing $3 billion to build an “Internet of Things” division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using i... »

Samsung, LG agree to stop all legal battles

South Korean rivals Samsung Electronics Co Ltd and LG Electronics Inc said on Tuesday they have agreed to call off all their legal disputes, including a bitter months-long conflict over a set of d... »
The challenge in the commercial segment lies in getting access to the roof area for 20-25 years. Illustration: Satwik Gade

Solar rooftops need financing, not sops

The subsidy mechanism is seen as highly ineffective due to limited availability of funds. A new rooftop policy based on net metering is on the anvil »
Gold in Singapore, which normally sets price trend on the domestic front, traded $1,185.49 an ounce.
New Delhi, March 31, 2015

Gold, silver prices drop on subdued demand, global cues

Gold prices declined by Rs. 115 to Rs. 26,575 per 10 grams at the bullion market on Tuesday due to sluggish demand from jewellers amid a weakening trend overseas.Silver prices fell sharply... »
Mumbai, March 31, 2015

Sensex regains 28K-level; Nifty above 8,500 in early trade

The benchmark BSE Sensex regained the 28,000-mark by surging over 106 points in early trade of the last session of financial year 2014-15 on the back of a rally in metals, oil & gas, consumer... »
MUMBAI, March 31, 2015

RBI tightens takeover norms for shadow banking

The Reserve Bank of India (RBI) plans tougher rules for takeovers involving non-banking financial companies (NBFCs), according to draft guidelines published on Monday, outlining a demand that all... »
MUMBAI, March 31, 2015

GVK to file up to $250 m IPO for airport unit soon

GVK Power & Infrastructure is likely to file a draft prospectus for up to $250 million initial public offer (IPO) of its airport unit soon, said four sources involved in the process. ... »
Suresh Senapaty
March 31, 2015

This is the right time for transition: Senapaty

Suresh Senapaty, who joined Wipro in 1980 as the head of finance function, is retiring today as the CFO of one of India’s largest business houses. He will be Non-Executive D... »
NEW DELHI, March 30, 2015

Govt rejects BP’s application for selling ATF

The government has rejected BP’s application for selling ATF, saying its expenditure in India so far does not qualify it to get a fuel retailing licence, but has allowed it to apply afresh with mo... »
TRAI Chairman Rahul Khullar. File photo: V. Sudershan
Bengaluru, March 30, 2015

Available spectrum very scarce in India: TRAI Chairman

Expressing concerns over spectrum scarcity in the country, TRAI Chairman Rahul Khullar on Monday said the availability of airwaves in India is less than 40 per cent as compared to European nations... »
Mumbai, March 30, 2015

Rupee falls 26 paise on fresh dollar demand

The rupee ended lower by 26 paise at 62.67 against the US currency due to renewed month-end demand from importers for the dollar. Fresh capital outflows and dollar gains in overseas markets... »
MUMBAI, March 30, 2015

Taj Group opens luxury hotel in Dubai

Indian Hotels Company Ltd (IHCL) which owns and operates Taj Group of hotels has announced the opening of Taj Dubai, a luxury hotel close to Burj Khalifa. Taj Dubai has 296 rooms, compri... »
The government received total payment commitment of Rs. 1,09,874.91 crore from seven leading telecom operators in spectrum auction which ended on March 25.
New Delhi, March 30, 2015

Telecom companies may hike mobile rates to recover spectrum cost: Moody’s

Indian telecom operators are expected to gradually increase rates to recover Rs 1.1 lakh crore they bid for spectrum in the auction that concluded last week, Moody’s said on Monday. “This... »

SEBI to finalise regulations for start-ups by June

Sensex up 442 points; Nifty advances by 123 points

Sensex up 222 points in early trade

Winds of change or mere passing clouds

RBI to trim bank exposure

Mobile network issues may be solved in 6 months

India's forex reserves up by $4.26 bn

Russia joins Asian infrastructure bank

Govt. to go ahead with GST Bill

New Delhi, March 31, 2015

SBI to divest up at 10% stake in its life insurance venture

State Bank of India (SBI) on Tuesday said it plans to divest up to 10 per cent stake in its life insurance arm SBI Life. “The executive committee of the central board has today authorised divestme... »
Mumbai, March 31, 2015

Rupee gains 10 paise against dollar in early trade

The rupee recovered by 10 paise at 62.57 against the US dollar in early trade on Tuesday at Interbank Foreign Exchange on fresh selling of the American currency by exporters. The local currency ha... »
MUMBAI, March 31, 2015

Lenders get flexibility to cover bad loans

Banks can now divert as provision against bad loans a bigger share of the capital cushion required to be set aside to guard themselves against an economic downturn, the Reserve Bank of India said... »
March 31, 2015

SEBI proposes new fund-raising platform for start-ups

To help start-ups and young entrepreneurs raise funds, the Securities and Exchange Board (SEBI) of India today proposed an ‘Alternate Capital Raising Platform’, wherein such firms can raise money... »
CHENNAI, March 30, 2015

Naphtha-based fertilizer units in a bind

A steep fall in prices of naphtha against natural gas has put three south-based fertilizer firms in a fix.They are not quite sure if the Centre will permit them to use naphtha instead of n... »
New Delhi, March 30, 2015

Gas exploration from KG basin: SC asks RIL to reply in 4 weeks

The Supreme Court on Monday gave four more weeks to Mukesh Ambani’s Reliance Industries Ltd (RIL) and others to respond to the final CAG report which found alleged irregularities, including in pay... »
MUMBAI, March 30, 2015

TCS shareholders meeting to approve CMC amalgamation

India’s leading software services exporter, Tata Consultancy Services (TCS) has called for a meeting on its shareholders on April 28, 2015 in Mumbai to approve the proposed scheme of amalgamation... »
Ashok Leyland building in Chennai. File photo: R. Shivaji Rao
New Delhi, March 30, 2015

Ashok Leyland sells entire holding in Czech arm for $10.96 mn

Hinduja Group flagship firm Ashok Leyland on Monday announced selling its entire holding in Czech arm Avia Ashok Leyland Motors to an undisclosed ‘strategic investor’ for a cash realisation of USD... »
MUMBAI, March 30, 2015

Reliance Power’s Sasan UMPP fully operational

Anil Ambani controlled Reliance Power Ltd has announced the commissioning of the sixth and last 660 MW unit of the 3,960 MW Sasan Ultra Mega Power Project (UMPP). With this, all the six... »
Mumbai, March 30, 2015

Stocks rebound on positive outlook

Stock indices gained smartly on Monday as market participants expect good fourth quarter financial results and a positive outlook for the economy, which is likely to be announced by the... »

Gold plunges by Rs 410; silver tumbles Rs 550 on global cues

BHEL bags contract from Telangana power utility

Rupee down 17 paise against dollar

Neither I nor my successor will have the luxury of Tata structure: Naik

Federal Reserve chief Yellen sees gradual rate hikes starting this year

‘India can attract significant FDI if it sorts out tax issues’

Cyrus Vandrevala, Jasminder Singh bag Asian Business Award

Xi says China should not focus on growth rate alone




Commodity prices

Take a look at the prices of various commodities in Chennai here»