The Indian currency continued to decline, prompting investors to shy away from investing in the country.
Tags: India
23andMe to sell genetic information for US$99
The personal genomic and biotechnology corporation in the US would target people's DNA by selling their genetic information for US$99.
Apple needs to focus on growing markets like China, India - analyst
According to analysts, Apple should focus on the growing smartphone markets like China and India. Canalys, a research firm, said China and India were important countries that Apple needs to focus in terms of growth in the smartphone market.
India records 391 M&A deals in the first half of 2013
According to a report by Ernst & Young, 391 merger and acquisition deals with a combined value of US$15.2 billion were recorded in the first half of 2013.
India halts 5% divestment in BHEL
The Indian government decided to postpone its 5% divestment proposal in BHEL for the time being. Plans of the Indian government to divest in BHEL were shelved today citing the company's low share price.
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Institutional investors, who own most of MCX's shares, panicked after shares of the company slid in the last quarter.
Yes Bank Ltd announced that they are in the market to secure a US$250 million refinancing deal for the company's loans.
India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.
Facebook sent engineers to research on the social media market of India. India is not only the most hotly contested market for smartphones. According to analysts, the Indian social network market will become the largest in the world in two years.
Goldman Sachs Group Inc. recommended India to reduce stock holdings after its recorded investors exit in July, resulting to a cut on India's shares rating.
According to India's Finance Minister, Palaniappan Chidambaram, the hunt for a new central bank governor is on after the bank's current head declined term extension.
Sunil Lalvani, BlackBerry India's managing director said that the company was not in any kind of trouble.
Sources said that Janalakshmi Financial Services is close to its equity fund raising target of INR300 crore.
EGoM is set to decide pricing on the proposed sale of 3.56% stake in Neyveli Lignite Corporation on Wednesday.
