Business News

Pvt, foreign banks cannot pay 'excessive' salary to CEOs: RBI

Mumbai, Jan 13: The Reserve Bank on Friday said CEOs and staff of private and foreign banks cannot draw "excessive" salary, but it did not impose any cap on their remuneration.Issuing guidelines on compensation of CEOs and staff of private and foreign

Gold futures drop by Rs 191 on profit-booking

New Delhi, Jan 13 : Gold futures prices declined by Rs 191, or 0.69 per cent, to Rs 27,474 per 10 grams today as speculators booked profits at existing higher levels amid a weakening trend in the Asian region. At the

Jet Airways orders 17 Boeing 737s aircrafts

Washington, Jan 13: Jet Airways, India's top private airline, has ordered 17 midrange 737 aircraft from Boeing. "Jet Airways of India has placed order for 17 Boeing 737 aircraft," a Boeing spokesperson told media today. The orders were placed this month,

Rupee gains 22 paise against dollar in early trade

Mumbai, Jan 13: The rupee strengthened by 22 paise to Rs 51.39 per dollar in early trade on the Interbank Foreign Exchange on Friday, tracking gains registered by the euro and other currencies overseas.Dealers said dollar losses against the euro and

Can manage WPI inflation if food prices keep declining: Pranab

New Delhi, Jan 12: Expressing satisfaction over the fall in food prices for the second week in a row, Finance Minister Pranab Mukherjee said if the trend continues for some more time, overall inflation will become manageable. "Food inflation is still negative...

Racial bias case: Pepsi Beverages Co to pay $3.1 mn

London, Jan 12: Pepsi Beverages Co. has agreed to pay $3.1 million in a bid to settle charges of racial discrimination levelled against it for using criminal background checks to sieve through job applications.According to the Equal Employment Opportunity Commission, the

Oil prices drop on rising US energy inventories

London, Jan 11: Oil prices slipped today after official data revealed that crude inventories rose by much more than expected in the United States last week, but losses were limited by tensions over Iran and unrest in Nigeria. New York's

Gold up by Rs 80 on global cues, silver rises by Rs 750

New Delhi, Jan 11: Snapping a three-day losing string, gold today rose by Rs 80 to Rs 27,990 per 10 grams on revival of buying at existing low levels fuelled by firming global cues. Silver also rose by Rs 750 to

Oil lower in Asia on profit-taking

Singapore, Jan 11: Oil prices slid in Asian trade today as traders took profit from recent gains, with weak US energy demand dampening the market's mood despite concerns over tension in Iran and Nigeria, analysts said. New York's main contract,

Hefty rise in Nov FDI inflows;Moody's cheers up further

New Delhi, Jan 10: India witnessed a hefty increase of 56 percent in foreign direct investment (FDI) in November and the positive mood was further lifted today by the Moody's upgrading country's short-term foreign currency rating to investment grade. The FDI inflows

Good news for economy; FDI up 56 pct in November

New Delhi, Jan 10: Foreign direct investment (FDI) into India went up by an impressive 56 per cent to USD 2.53 billion in November 2011, signalling improvement in investor sentiment.The cumulative flows of USD 22.83 billion for the April-November period have crossed

Rupee up 25 paise Vs dollar in early trade

Mumbai, Jan 10: The rupee appreciated by 25 paise to 52.26 per dollar in early trade today, as the US currency weakened against euro and other major currencies overseas. Dealers said firm domestic equity markets also supported the local unit.

Gold loses Rs 100, silver Rs 350 on global cues

New Delhi, Jan 9: Both gold and silver fell further in the bullion market here today on sustained selling by stockists, triggered by a weakening global trend. While gold fell by Rs 100 to Rs 28,020 per 10 grams, silver lost

Oil down in Asian trade

Singapore, Jan 9: Oil prices were down in Asian trade today on concerns the European debt crisis could worsen, analysts said, amid tensions over Iran's threat to block a vital oil shipping lane.New York's main contract, West Texas Intermediate for delivery in

Fujifilm to double camera sales

Mumbai, Jan 8: Fujifilm, Digital imaging major said that the marketing budget for camera sales will be pushed this year by doubling the budget to Rs 120 crore in an attempt to enhance its market share."Marketing investment this year will be

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