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The RBI has accepted the application withdrawal request, according to the statement.
Sensex, Nifty end lower on global concerns.
While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
Licence winners are expected to be announced by the first quarter of 2014.
The telecom sector is in the midst of another major shift as voice gives way to data.
Monsoon is expected to be normal in June.
Global sales made via mobile devices are expected to top $638 billion.
Markets in green tracking firm global cues.
Equity investments are fruitful over the very long 20-year term.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Companies write off investments, shed assets as initial projections go haywire
Indian-American business leaders meet to discuss ways to make this initiative a success.
Sunil Bharti Mittal, bottom, left, says he is fond of Bill Gates' famous quote: "Success is a lousy teacher." Back from a long foreign business trip, the founder-chairman of Bharti Enterprises talks to Malini Bhupta and Kiran Rathee about the challenges posed by Reliance Jio and how he is determined to come out on top once again. Mittal says , today, Airtel is as ready as Jio in pure-play 4G operations.
From small retailers' experiences with e-wallets to digital transaction numbers post demonetisation, Geetanjali Krishna and Karan Choudhury find out where the truth lies.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
'After Indrani's arrest did you go to the police and say I did this kind of forgery?'
The Sensex ended below 28,000 for the second straight day at 27,869.
India on Monday got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group.
Meet model Smita Lasrado, the Mumbai girl who is turning on the heat at international runways for labels like Chanel, Vivienne Westwood, Etam etc.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
'What I want is not for the elected to tell me what they did in the 1990s or for the past 5 years,' says A Bihari Abroad. 'I would rather know what they plan to do in the next 6 months and give the people a report on the progress of these initiatives. Perhaps, a presentation on their performance and their future plans, to the electoral public, who they represent and are actually answerable to.'
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Jungliceo.com has wowed new business owners.
Sensex in green in afternoon trade.
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
'For how long can investors fund loss-making companies?'
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Hackers have begun to emerge from the shadows of suspicion.
Xiaomi has ticked all the correct boxes with the Redmi Note 3. It should be on the list of probables for buyers with a sub Rs 15,000 budget.
FIIs pump in Rs 2,075 crore in past three trading sessions.
'Big countries do not agree on every set of issues.' 'Look, one of the differences in the relationship is that when we do not agree, we are sitting down and talking to each other.'
FM needs to convince Indians to invest more in stocks.
'Our intentions are clear. If I keep all the acquired land under the ownership of the government, why do you raise questions about my intentions?' 'One achievement of my ministry would be the gas pricing policy. Two, we made a delivery mechanism (for domestic LPG) which is the largest in the world. We are crediting money to the poor directly. It is the biggest structure of direct subsidy transfer.' 'It is very easy to work with Modi. He gives everyone a chance in decision-making. I have become a minister for the very first time, but if we want to raise any issues in the Cabinet, we have full freedom to do so.' The second and final part of Union Oil Minister Dharmendra Pradhan's exclusive interview with Sheela Bhatt/Rediff.com.
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
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