Business

Starbucks CEO Howard Schultz has voiced his admiration for industrialist Ratan Tata's "grace" and wisdom, saying he was moved by the business icon's words during the launch of the coffee chain's flagship store in Mumbai in year 2012.

A branch of India's first all woman bank -Bharatiya Mahila Bank - will open in Lucknow on Tuesday, officials said.

UBS downgrades India to "neutral" from "overweight" and upgrades China to "overweight", saying Plenum reforms will likely cause China to outperform Asia ex-Japan for the next few months.

Terming the agreement as one of strategic significance to Air India, Nandan said both carriers would fly into each other's countries in the next couple of years as they further expand their global operations.

S&P is the only one of the three major credit agencies with a "negative" outlook on India.

Whether a recent rally that pushed the Sensex to a record high can be sustained will depend on foreign investors who have been buyers for 22 consecutive sessions as of Tuesday.

Maruti Suzuki on Friday reported a rise of 1.9 per cent in its October sales which stood at 105,087 units from 103,108 units sold in last year's corresponding month.

A high-level panel chaired by former RBI Governor Bimal Jalan that will scrutinise applications for new bank licences will hold its first meeting on November 1.

India's biggest carmaker Maruti Suzuki India Ltd beat analyst estimates by nearly tripling its quarterly net profit, helped by cost cuts and a positive foreign exchange impact.

Rupee on Thursday had risen for the second day in a row and ended 13 paise higher at 61.46 against the dollar.

TCS, Infosys and Wipro were among the shares that dragged the Sensex lower on profit booking, while heavyweights ITC, Reliance Industries and ONGC supported it.

The laureates have laid the foundation for the current understanding of asset prices.

Infosys had reported a nearly 4 per cent increase in consolidated net profit to Rs 2,374 crore for Q1 that had ended on June 30, 2013.

The trade deficit has fallen as a result of rising exports and drop in imports of gold. However, the rise in exports is a reason to cheer more than the dip in trade deficit.

Washington: With the world economy entering yet another transition, the International Monetary Fund (IMF) expects India to grow at around 3.8 percent in fiscal 2013, about 1.8 percentage points lower than its July projection.

Indian banks are expected to offer cheaper loans to stimulate demand for two-wheelers and other consumer durables.