Business- Page 55

New Delhi: State-owned Indian Oil Corp (IOC) will buy back 29.76 crore shares for about Rs 4,435 crore and spend another Rs 6,556 crore on paying an interim dividend to shareholders as

London: An Irish regulator said it was investigating Facebook Inc following the company’s disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a

London: More than a year ago, he vanished into the Ritz-Carlton in Riyadh, along with dozens of Saudi princes and businessmen. Before long, rumors swirled: Was the billionaire Mohammed Al Amoudi even

New Delhi: Inflation based on wholesale prices fell to a three-month low of 4.64 per cent in November, as prices of food articles, especially vegetables, softened. The Wholesale Price Index (WPI)-based inflation

New Delhi: Former RBI Governor Raghuram Rajan on Friday said there is need to reduce uncompensated government mandates imposed on public sector banks (PSBs). “This is lazy government – if an action

New Delhi: Consumers may be spared big spike in auto fuel prices ahead of the 2019 general elections with state-owned oil marketing companies planning to absorb a portion of the anticipated hike

New Delhi: Shortly after the Supreme Court dismissed petitions seeking investigation into Rafale fighter jets deal, Reliance Group chairman Anil Ambani issued a statement, terming the allegations levelled against him as “baseless

New Delhi: Infosys on Friday said it has formed a joint venture (JV) with Hitachi, Panasonic Corporation and Pasona to strengthen its presence in the Japanese market. As part of the agreement,

Bengaluru: The Reserve Bank is adequately capitalised, but the money should be used for fixing the financial system, not for financial deficit or financing government expenditure, Former Chief Economic Advisor Arvind Subramanian

Mumbai: Prime Minister Narendra Modi’s hectic travel schedule over the past four-and-a-half years cost Indian taxpayers about $280 million (Rs 20.09 billion taking the value of rupee as 71.76 per dollar) as