Business

Indian manufacturing activity rose at its fastest pace in four months in May as domestic demand rocketed despite rising costs for firms and consumers, a business survey found on Monday.

In the first month of the current fiscal year, the government allocated 32.89 billion rupees for railways, 58.3 billion rupees for roads and 175 billion rupees for rural projects.

Facebook had partnered telecom major Reliance Communications to offer free access to over 30 websites without data charges to users in India.

According to Assocham, domestic consumer demand has to be revived with improving the sentiment on employment opportunities to kick-start economic growth.

The two areas where there is some displeasure is maiden budget and a continuation of tax uncertainty.

Income Tax and Corporate Tax collected approximately Rs 6,96,200 crore in the fiscal ending March 31, 2015.

Biocon plans to sell 22 million shares, including an overallotment, it said in a statement, after the prospectus was filed with India's market regulator.

As per the study, Indo-German collaboration in high-tech manufacturing can become an important part of the 'Make in India' initiative.

The rupee opened sharply higher at 62.38 per dollar against the last closing level of 62.51 at the Interbank Foreign Exchange (Forex) market and firmed up further to close at 62.36 per dollar, showing a gain of 15 paise or 0.24 per cent from its Monday's...

The rupee resumed the day lower at 62.22 per dollar against the last closing level of 62.19 at the Interbank Foreign Exchange (Forex) market.

A revision in the computation of GDP growth showed growth of 6.9 per cent in FY 2014 from the earlier 5 per cent.

The companies have, however, mostly appointed wives or daughters of their promoters or top executives.

HDFC Bank, ICICI Bank and State Bank of India shed around a per cent each.

The official said that one company will be allowed to do the survey for one corridor only in the Diamond Quadrilateral project.