Business

The Central government owes Rs 451.75 crore to Air India for VVIP flights carrying the president, vice president and the prime minister, as well as special missions, according to the latest data provided under the Right To Information Act.

Fat wads of bank notes move across counters in Old Delhi's gold and diamond district in one of many challenges to six months of Indian government efforts to suffocate the black market.

The rupee was trading lower by 9 paise at 64.24 against the US dollar in early trade on Thursday at the forex market on increased demand for the American currency from importers.

India's foreign exchange (Forex) reserves rose by $1.25 billion as on April 21, 2017, official data showed on Friday.

Stock markets came off their peak and turned weak on Thursday after three back-to-back sessions of gains as the benchmark Sensex slipped in view of April derivatives expiry.

The group is expecting to get the first instalment from the sale of these properties by June 17 and get all the money, estimated at around Rs 7,400 crore, in three months.

The gauge had lost 374.69 points in the previous three sessions largely on weak global cues on rising geo-political concerns.

Forex market remained shut on Friday on account of 'Dr Babasaheb Ambedkar Jayanti' and 'Good Friday'.

The chamber has sought clarity from government to remove uncertainty among businesses as the law is set for a rollout either in July or September.

The North American market accounted for over 60 per cent of Infosys' USD 10.2 billion revenue in the 2016-17 fiscal.

Dealers said dollar flexing muscles overseas and its increased demand from importers put the squeeze on the rupee.

The deal, which still needs regulatory approvals, values the Religare Health Insurance at 13 billion rupees ($202.3 million).

E-commerce firm Snapdeal on Thursday announced a partnership with University of California, Berkeley and Andhra Pradesh government to enable digital access for small artisans in the state's 'Smart Village' project.

The government on Wednesday allowed duty free import of raw sugar upto 5,00,000 tonnes to boost domestic supplies and check price rise amid production fall.

Commercial vehicle (CV) manufacturers are expected to have incurred a cost of Rs 2,500 crore in disposing of BS-III vehicles banned by the Supreme Court for sale and registration after April 1, 2017, said a report on Monday.

Infosys NR Narayana Murthy has accused the company of poor governance standards and said the compensation hike to chief operating officer UB Pravin Rao was not "proper" and "will likely erode the trust and faith of the employees in the management and the...