Business

The Reserve Bank of India's (RBI) norms requiring banks to outline the framework they use to determine the loan spread about their benchmark lending rates will reduce pricing power of the latter, global rating agency Moody's Investor Services said Monday....

The commercial taxes department of the Kerala government has imposed a Rs.54 crore fine on some e-commerce companies and portals. More such companies will be fined, said a top official....

At a time when the country is launching another round of spectrum auctions in February and telecom operators are vying for allocations, global telecom infrastructure provider UTStarcom is confident that India's top 20 cities will be fully Wi-Fi enabled by the end of 2015....

A day after the European Central Bank (ECB) announced a mega bond buying programme, a benchmark index of Indian equities markets Friday scaled a new peak of 29,408.73 points in the intra-day trade....

India's foreign exchange reserves went up by $2.66 billion to $322.14 billion as on Jan 16 due to increase in foreign currency assets as compared to the position a week ago, the Reserve Bank of India (RBI) said Friday....