Crude oil prices will trade lower on sustained pressure from plentiful global supply and weak demand conditions in Europe and China is acting as a negative factor for prices.

The Met Department on Thursday said the monsoon is expected to be below normal in 2014 because of the El Nino effect, arising from the warmer-than-average sea surface temperature in the central and eastern tropical Pacific Ocean.

\"This (deal) is our first important step in becoming a global company and global companies need to be able to manage different cultures and produce results,\" said Sun Pharma MD and founder Dilip Shanghvi. 

Reward points are an incentive for customers to use their cards as much as they can. Money Today tells you how to make the best use of reward points given by credit/debit card companies.

Month-end dollar demand from importers, mainly oil refiners, affected the rupee.

The economy is unlikely to shake off its sluggishness in the medium term - until 2015/16 or even later. The impact of the depreciating rupee will blow a hole in India's finances.

In recent years, a handful of Indian clothing, accessories and jewellery brands, including Fabindia, Hidesign and Gitanjali Gems, have been gaining traction abroad and flaunting their Indianness to successfully woo customers.

Extending its losses for the fifth straight day, the rupee on Tuesday ended at 58.39 to a dollar, helped the intervention of the central bank intervention.

Vodafone Group has been asked to cough up Rs 1,263 crore for fudging its books to reduce the government's share of revenue in 2008-09 and 2010-11.

The sticking point of local sourcing surfaced again on Friday with UK's leading retailer Tesco Plc seeking clarifications regarding sourcing norms for foreign direct investment (FDI) in retail.

With the current account deficit (CAD) turning out to be a bigger worry than the fiscal deficit, the government is banking on the 20-per cent hike in the Budgetary allocation for providing loans to exporters at subsidised rates of interest. 

Data on defaults suggests that Indian borrowers have become increasingly ill-behaved, but that will have to change soon.

The telecom ministry has prepared a Rs 1,100-crore demand notice for Vodafone Indian unit as damages for having under reported revenues earned in 2006-08. Other telecom giants could face heat as well.

Finance Minister P Chidambaram said the controversial General Anti-Avoidance Rules would not apply to foreign institutional investors, thereby taking participatory notes, or offshore derivative instruments, out of the taxman's purview.

On the whole, the performance of urban co-operative banks is underwhelming. But since 2001, the total business (deposits plus advances) of Saraswat Bank grew from Rs 4,600 crore to Rs 35,000 crore as on September 30, 2012, making it the country's largest urban co-operative bank.

Earlier this month, the government has taken a slew of reform initiatives like opening up the multi-brand retail chains to foreign direct investment (FDI) and allowing foreign carriers to pick up stake in domestic airlines.

The country's top number crunchers talk about their winning approach.

The Income Tax department has found some discrepancies in the income declared by Aurobindo Pharma, the Hyderabad-based pharma company.

Moody's move to upgrade India's short-term foreign currency rating from speculative to investment grade will help domestic companies to raise funds from overseas markets at better rates.

The finance ministry on Monday said the ability of the Reserve Bank to intervene in the forex market to arrest the fall in rupee is limited, even as the Indian currency declined to a 32-month low of Rs 51.50 per US dollar in the early trade.