Business news

Defence Allocation: Strategic and Fiscal Review Key Factors

The primary objective of the defence allocation is to enhance India's composite military capability in a tangible manner

Feb 28, 2015

Finance Minister Arun Jaitley and Minister of State for Finance, Jayant Sinha along with the team at North Block before going to Parliament to present the Union Budget in New Delhi on Feb. 28, 2015.

Union Budget 2015 Belies Hopes of Tax Slab Revision

Jaitley abolishes wealth tax. Corporate tax slashed from 30% to 25%.

Feb 28, 2015

Dow, Nasdaq winners fourth straight week

Mixed data Friday suggests the economy is slowly improving. But it didn't keep stocks from sliding on the day. Still, the Dow and Nasdaq rose for the fourth straight week. U.S. economic growth

Feb 28, 2015

Low gas prices, yes, spending, no

Tumbling gas prices equate to virtual pay raises. But many Americans don't seem to be spending that that new found cash. Retail sales have been relatively flat and the savings rate is up. So what

Feb 28, 2015

Despair in Donetsk over rising prices

Plenty of food - but for some, no way to buy it. In war torrn Ukraine, food prices are rising rapidly. For many residents in the rebel stronghold of Donetsk, food items once considered staple - are

Feb 27, 2015

Lloyds raises rare smile - and dividend

Success has been hard to come by for banks of late. One though seems to have found a winning formula. Lloyds resuming dividend payments for the first time in 6 years. The UK lender was bailed out

Feb 27, 2015

Airbus on the up, IAG upgrades forecasts

Earnings at Airbus took to the skies in 2014, rising 54 percent before one-off items. The news boosted shares more than 6 percent, the equivalent of 2.5 billion euros or roughly the price of six A380

Feb 27, 2015

Buffett may look abroad for buys

Warren Buffett called America "the mother lode of opportunity" last year, but this year, he could look for some of that lode in a foreign land. The billionaire investor's must-read annual shareholders

Feb 27, 2015

Russia worry sets tone for Estonia poll

Estonia's defence league holds a fun day at a local school in Tallinn. The tiny Baltic state is one of the few NATO members to keep defence spending at a NATO target of two per cent of GDP. Its 1.3

Feb 27, 2015

Indian stocks rise more than 450 points ahead of budget

Mumbai / New Delhi, Feb 27 (ANI): The Bombay Stock Exchange (BSE) Sensex and Nifty rose nearly two percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the Indian government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since January 20. The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since January 15. BSE president, Ashish Chauhan, expected pro-growth and pro-reform budget. The Confederation of Indian Industry (CII) asked the government to target and cut subsidies.

Feb 27, 2015

India's traditional industries seek special grant in annual budget

Kochi, Feb 27 (ANI): In a hope to stabilize India's drooping traditional industries like handloom, handicrafts, coir, cashew and beedi, industry experts are looking forward to the Narendra Modi government undertaking special measures in its annual budget for the fiscal year 2015-16 to be presented on Saturday. The traditional industries are mainly labour intensive and rely on skills that are passed on from one generation to another. The workforce of these industries mainly includes tribal people who remain deprived of their basic necessities even after 68 years of India's Independence. He added that a special grant from the central government would benefit millions of people involved in the industry like, raw material collectors, cutters, makers, distributors.

Feb 27, 2015