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Spectrum sale to add Rs 80,000 crore

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The high profiled spectrum and second round of coal auction kicked off on Wednesday, with Rs 60,000 crore bids coming in for airwaves only.

CEA: RBI, Centre on same page

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Chief economic advisor Arvind Subramanian said on Wednesday that the surprise rate cut by the RBI shows that the Central Bank and government are on the same page.

Finally, banks may cut rates

Close on the heels of a top official in the finance ministry anticipating a cut in people’s EMIs, banks promised to take a call on lending rates.

Shanghvi is the richest Indian

After topping the Indian rich list for seven consecutive years, Reliance Group chairman Mukesh Ambani has been overtaken by Dilip Shanghvi, the founder of world’s second largest generic drug maker Sun

Budget to boost investment in infrastructure projects

The Union Budget 2015 clearly concentrates on investment in infrastructure as an economic growth engine. It seems to approach the sector more from an investment perspective than on policy front.

TN’s Nokia unit may restart: PM

Tamil Nadu-based Nokia plant, which was shut down few months back, is likely to start functioning again, Prime Minister Narendra Modi indicated on Tuesday.

Raghuram Rajan powers Sensex, bulls scale 30,000

The Sensex zoomed to a life-time high of 30,024 after the RBI cut the repo rate by a quarter per cent but profit booking soon turned this celebratory event into a loss.

Reliance Infra acquires Pipavav in largest defence acquisition

Reliance Infrastructure Limited with its wholly owned subsidiary Reliance Defence Systems Private Limited on Wednesday announced the acquisition of Pipavav Defence and Offshore Engineering Company Lim

Raghuram Rajan ‘sorry’ for misleading comments he never made

In a gesture rarely found among newsmakers, RBI governor Raghuram Rajan on Wednesday said “sorry” for a “misleading” comment that he never made with regard to the central bank’s stance on rates.

Market Wrap

Captain Sensible

Safe and sound: The new Jetta will give you around 14KPL if driver carefully and is built to perfection

Underneath it all, the new Jetta is sound, German and perfect in every way

Technomics

BlackBerry set to release software update for older smartphones

BlackBerry Corp (Representational Image)

The update will be essentially for products including the BlackBerry Z10, Z30, and Q10

Every time Pakistan says it wants to talk about Kashmir, India finds itself on the back foot.

The “Budgetometer” and its elsewhere equivalent played the real hero — caught in between the ecstatic urge to give a 10-plus and the understandably unreasonable rush in search of a negative score, it